CCC Q4 revenue $228.6M (+12% YoY), Adj EBITDA $100.1M (+25% YoY), beat guidance

CCC Intelligent Solutions Holdings Inc.

2023-FY EPS reported -$0.15 revenue$866,378,000

Q4 revenue $228.6M (+12% YoY); GAAP net income $26.3M vs $1.1M; Adj EBITDA $100.1M (+25% YoY, margin 44%).
FY2023 revenue $866.4M (+11% YoY); GAAP net loss $90.1M vs income $38.4M; Adj EBITDA $353.4M (+16% YoY).
Adjusted gross margin expanded to 79% in Q4 (77% prior year); full year margin 78% (77%).
Operating cash flow $250.0M; free cash flow $195.0M, up from $152.0M prior year.
CEO cites revenue and Adj EBITDA margins above guidance ranges; no specific forward guidance provided.

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 0.95

CCC Intelligent Solutions Holdings Inc. reported full year of 2023 results: revenue Total revenue was $866.4 million for the full year of 2023, net income GAAP net loss was $90.1 million for the full year of 2023.

Period: full year of 2023
Revenue: Total revenue was $866.4 million for the full year of 2023
Net income: GAAP net loss was $90.1 million for the full year of 2023
Result: reported results

Exact text from the filing

Total revenue was $866.4 million for the full year of 2023, an increase of 11% from $782.4 million for the full year of 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CCC Intelligent Solutions Holdings Inc. reported three months and year ended December 31, 2023 results: revenue Total revenue was $228.6 million for the fourth quarter of 2023, net income GAAP net income was $26.3 million for the fourth quarter of 2023.

Period: three months and year ended December 31, 2023
Revenue: Total revenue was $228.6 million for the fourth quarter of 2023
Net income: GAAP net income was $26.3 million for the fourth quarter of 2023
Result: reported results

Exact text from the filing

CCC Intelligent Solutions Holdings Inc. Announces Fourth Quarter and Fiscal Year 2023 Financial Results February 28, 2024 – CCC Intelligent Solutions Holdings Inc. ("CCC" or the "Company") (NASDAQ: CCCS), a leading SaaS platform for the P&C insurance economy, today announced its financial results for the three months and year ended December 31, 2023.

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Source: SEC EDGAR

accession 0000950170-24-022101

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