Consensus Cloud Solutions discloses revenue recognition errors, delays annual report

Consensus Cloud Solutions, Inc.

Identified errors: revenue grossed up with bad debt offset, and $2.2M Q3 revenue reclassified to deferred revenue.
Quarterly Report for Q3 2022 to be restated; Annual Report for FY2022 delayed but expected within 5 business days.
No material changes to preliminary FY2022 data: cash ~$94M, no exposure to SVB/Signature/Credit Suisse.
Auditor has not audited preliminary results; final audited results may differ materially.

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