earnings
confidence high
sentiment positive
materiality 0.75
CCC Intelligent Solutions Q2 revenue up 10% to $232.6M; GAAP net income $21.4M vs loss
CCC Intelligent Solutions Holdings Inc.
2024-Q2 EPS reported
$0.03
revenue$459,855,000
- Revenue $232.6M (+10% YoY); adjusted gross margin 78% vs 77%.
- GAAP net income $21.4M versus net loss of $97.3M in Q2 2023.
- Adjusted EBITDA $95.8M (+18% YoY); adjusted net income $56.2M.
- Operating cash flow $51.8M; free cash flow $36.2M in the quarter.
- Cash and equivalents $237.9M; total debt $780.0M at June 30.