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Sep 30, 2022
CCC Q3 2022 Earnings Report
CCC delivered strong results, with revenue growth and a healthy adjusted EBITDA margin.
Key Takeaways
CCC Intelligent Solutions Holdings Inc. reported strong third-quarter results with a 13% increase in revenue compared to the previous year. The company's adjusted EBITDA margin was 39%. CCC also raised revenue and adjusted EBITDA guidance for fiscal year 2022.
Total revenue increased by 13% to $198.7 million compared to Q3 2021.
GAAP gross profit was $145.6 million with a gross profit margin of 73%.
GAAP operating income was $17.1 million, a significant improvement from the operating loss in Q3 2021.
Adjusted EBITDA was $78.1 million, reflecting an 11% growth compared to the previous year.
Forward Guidance
The Company is issuing the following financial guidance: Fourth Quarter Fiscal 2022 Revenue $200 million to $202 million Adjusted EBITDA $77 million to $79 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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