Loading...
•
Dec 31, 2022
CCC Q4 2022 Earnings Report
CCC delivered strong financial results, exceeding guidance ranges and demonstrating business durability through innovation and efficiency.
Key Takeaways
CCC Intelligent Solutions Holdings Inc. reported a revenue of $204.1 million for Q4 2022, compared to $187.1 million for Q4 2021. GAAP gross profit was $145.5 million, with a gross margin of 71%. GAAP operating income was $9.7 million, and GAAP net income was $1.1 million. Adjusted EBITDA was $80.1 million, a 6% increase compared to the previous year. The company continues to focus on AI and digital solutions to improve customer experience and operational efficiency.
Total revenue for Q4 2022 reached $204.1 million, surpassing the revenue of $187.1 million in Q4 2021.
GAAP gross profit was $145.5 million for Q4 2022, with a gross margin of 71%.
GAAP operating income was $9.7 million for Q4 2022, compared to $15.3 million for Q4 2021.
Adjusted EBITDA increased to $80.1 million in Q4 2022, marking a 6% growth from $75.7 million in Q4 2021.
Forward Guidance
CCC Intelligent Solutions provided financial guidance for the first quarter and full year of fiscal 2023, expecting revenue between $202 million and $204 million for Q1 2023 and between $842 million and $850 million for the full year. Adjusted EBITDA is projected to be between $76 million and $78 million for Q1 2023 and between $330 million and $338 million for the full year.
Positive Outlook
- Revenue is expected to be between $202 million and $204 million for Q1 2023.
- Revenue is expected to be between $842 million and $850 million for the full year 2023.
- Adjusted EBITDA is projected to be between $76 million and $78 million for Q1 2023.
- Adjusted EBITDA is projected to be between $330 million and $338 million for the full year 2023.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...