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CPSI Announces Third Quarter 2021 Results Highlights for Third Quarter 2021 : • Revenues of $ 70.1 million ; • GAAP net income of $ 2.7 million and non - GAAP net income of $ 8.5 million ; • GAAP earnings per diluted share of $ 0.19 and non - GAAP earnings per diluted share of $ 0.59 ; • Adjusted EBITDA of $ 12.2 million ; • Bookings of $ 29.3 million ; • Cash provided by operations of $ 1.3 million ; and Exhibit 99.1 ⚫ Net debt of $ 98.1 million MOBILE , Ala .-- ( BUSINESS WIRE ) -- November 9 , 2021 -- CPSI ( NASDAQ : CPSI ) , a community healthcare solutions company , today announced results for the third quarter and nine months ended September 30 , 2021 . Total revenues for the quarter ended September 30 , 2021 , were $ 70.1 million , compared with total revenues of $ 68.3 million for the prior - year third quarter . GAAP net income for the quarter ended September 30 , 2021 , was $ 2.7 million , or $ 0.19 per diluted share , compared with $ 5.3 million , or $ 0.36 per diluted share , for the quarter ended September 30 , 2020. Cash provided by operations for the third quarter of 2021 was $ 1.3 million , compared with $ 8.1 million for the prior - year quarter . Net debt at September 30 , 2021 , was $ 98.1 million compared to $ 77.9 million at the end of the prior - year period . Total revenues for the nine months ended September 30 , 2021 , were $ 206.6 million , compared with total revenues of $ 197.6 million for the prior - year period . GAAP net income for the nine months ended September 30 , 2021 , was $ 13.0 million , or $ 0.89 per diluted share , compared with $ 11.1 million , or $ 0.77 per diluted share , for the nine months ended September 30 , 2020. Cash provided by operations for the first nine months of 2021 was $ 34.5 million , compared with $ 33.0 million for the prior - year period . Boyd Douglas , president and chief executive officer of CPSI , stated , " After encountering headwinds in the sales process during the first half of the year , our third quarter performance was underscored by a strong rebound in bookings of $ 29.3 million . With a higher than historical percentage of Software as a Service ( SaaS ) revenue in the sales mix , we are very pleased with the continued expansion of recurring revenue . " Commenting on the Company's financial performance for the third quarter of 2021 , Matt Chambless , chief financial officer of CPSI , stated , " We continue to make meaningful progress towards our strategic initiatives , spurred by TruBridge's ability to generate both organic and inorganic revenue growth and a transformative shift in electronic health record ( EHR ) license mix . Together , these factors pushed total recurring revenues , which now make up over 91 % of total revenues , to another record level . " " We are laser focused on providing sizeable shareholder returns over the next three years culminating in an end - goal of achieving $ 80 million in adjusted EBITDA in 2024. Since launching the strategic transformation underway across CPSI , we have been consistently executing on this aggressive , yet obtainable plan , and our progress to date is aligned to that end , " added Douglas .