CCC Intelligent Solutions Q1 2024 revenue up 11% to $227.2M, adjusted EBITDA $93.7M

CCC Intelligent Solutions Holdings Inc.

2024-Q1 EPS reported $0.00 revenue$227,237,000

Revenue $227.2M (+11% YoY); GAAP gross margin 74% vs 72% prior year; adjusted gross margin 78%.
GAAP net loss $0.6M vs GAAP net income $2.2M in Q1 2023; adjusted net income $54.8M.
Adjusted EBITDA $93.7M (41% margin), above guidance; grew 18% YoY.
Free cash flow $39.6M, up from $18.5M in Q1 2023; cash and equivalents $191.2M.
Management says results reflect durable business model and AI-enabled innovation on IX Cloud.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CCC Intelligent Solutions Holdings Inc. reported the three months ended March 31, 2024 results: revenue $227.2 million, net income GAAP net loss was $0.6 million.

Period: the three months ended March 31, 2024
Revenue: $227.2 million
Net income: GAAP net loss was $0.6 million
Result: reported results

Exact text from the filing

innovation the CCC IX Cloud will unlock for customers as well as CCC’s large and growing partner ecosystem.” First Quarter 2024 Financial Highlights Revenue • Total revenue was $227.2 million for the first quarter of 2024, an increase of 11% from $204.9 million for the first quarter of 2023. Profitability • GAAP gross profit was $167.9 million, representing a gross

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Source: SEC EDGAR

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