secwatch.observer — SEC 8-K summary
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Issuer:     CLARIVATE PLC (CLVT)
CIK:        0001764046
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001764046-23-000086
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clarivate Q2 net loss $141.7M; revenue down 2.6%; lowers 2023 outlook
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- Revenue $668.8M (-2.6% YoY); organic revenue -0.4%. Net loss $141.7M vs. income $43.7M prior year.
- Adjusted EBITDA $284.9M (+3.8%), margin 42.6% (+270bps); adjusted diluted EPS $0.21 (-4.5%).
- Free cash flow $104.8M (+111.6%); total debt reduced $150.5M to $4.92B.
- FY2023 revenue guidance lowered to $2.685-2.745B from $2.75-2.84B; adjusted EPS to $0.83-0.86 from $0.98-1.03.
- Academia & Government improved; IP and Life Sciences & Healthcare fell short of expectations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1764046/000176404623000086/0001764046-23-000086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1764046/000176404623000086/clvt-20230803.htm
  HTML page:      https://secwatch.observer/filing/0001764046-23-000086

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer