CCC Intelligent Solutions corrects non-GAAP Adjusted Operating Expenses by $3.2M for Q4/FY2022

CCC Intelligent Solutions Holdings Inc.

Discovered error in calculating Adjusted Operating Expenses: inadvertently included $3.248M contract termination adjustment.
Corrected Adjusted Operating Expenses: Q4 2022 $85.06M (was $81.812M), FY2022 $328.04M (was $324.792M).
Correction does not impact GAAP financial statements or footnotes.
Published investor presentation on website on March 3, 2023.

item 2.02 item 7.01 item 8.01

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

CCC Intelligent Solutions Holdings Inc. reported financial results for quarter and year ended December 31, 2022.

Period: quarter and year ended December 31, 2022
Result: reported results

Exact text from the filing

: (dollar amounts in thousands) Three months ended December 31, 2022 Year ended December 31, 2021 Adjusted Operating Expenses as reported $ 81,812 $ 324,792 Correction for contract termination costs 3,248 3,248 Corrected Adjusted Operating Expenses $ 85,060 $ 328,040

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Source: SEC EDGAR

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