CCC Intelligent Solutions Q2 revenue $211.7M (+10% YoY); adjusted EBITDA $80.9M (+10% YoY)

CCC Intelligent Solutions Holdings Inc.

2023-Q2 EPS reported -$0.15 revenue$416,630,000

Revenue $211.7M, up 10% from $192.8M YoY; adjusted gross margin 77% (flat).
GAAP net loss $97.3M vs prior-year income $15.6M; adjusted net income $47.8M up 28%.
Adjusted EBITDA $80.9M (38% margin) vs $73.4M; operating cash flow $69.6M, free cash flow $55.0M.
Cash & equivalents $403.6M; total debt $788.0M as of June 30, 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CCC Intelligent Solutions Holdings Inc. reported the quarter ended June 30, 2023 results: revenue $211.7 million, net income GAAP net loss was $97.3 million.

Period: the quarter ended June 30, 2023
Revenue: $211.7 million
Net income: GAAP net loss was $97.3 million
Result: reported results

Exact text from the filing

customers to reduce the cycle time, administrative cost, and environmental impact of the claims process.” Second Quarter 2023 Financial Highlights Revenue • Total revenue was $211.7 million for the second quarter of 2023, an increase of 10% from $192.8 million for the second quarter of 2022. Profitability • GAAP gross profit was $152.6 million, representing a gross

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Source: SEC EDGAR

accession 0000950170-23-036486

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