secwatch.observer — SEC 8-K summary
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Issuer:     Consensus Cloud Solutions, Inc. (CCSI)
CIK:        0001866633
Form:       8-K
Filed at:   2023-02-22T23:59:59+00:00
Accession:  0001866633-23-000004
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 4.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Consensus Cloud restates Q3 2022; Q4 rev $90.2M, adj EPS $1.13, FY23 guide $370-390M
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- Restating Q3 2022 financials due to revenue recognition errors; net income reduced by $1.7M (9.9%) for Q3.
- Q4 2022 GAAP revenue $90.2M (+1.4% YoY); GAAP net income $16.2M vs $2.0M in Q4 2021.
- Adjusted non-GAAP EPS $1.13 for Q4 2022, down 15.7% from $1.34.
- Full-year 2023 guidance: revenue $370-390M, adjusted EBITDA $192-206M, adj. EPS $4.93-5.20.
- Material weakness in internal control over financial reporting related to revenue recognition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866633/000186663323000004/0001866633-23-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866633/000186663323000004/ccs-20230222.htm
  HTML page:      https://secwatch.observer/filing/0001866633-23-000004

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