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Jun 30, 2022
CCC Q2 2022 Earnings Report
CCC delivered strong results, driven by revenue growth and adjusted EBITDA growth.
Key Takeaways
CCC Intelligent Solutions Holdings Inc. announced its financial results for the second quarter of 2022, reporting a 16% increase in revenue and a 22% increase in adjusted EBITDA. The company also raised its revenue and adjusted EBITDA guidance for fiscal year 2022.
Total revenue increased by 16% to $192.8 million compared to the second quarter of 2021.
GAAP gross profit was $139.9 million, with a gross profit margin of 73%.
GAAP net income was $15.6 million, compared to $3.8 million for the second quarter of 2021.
Adjusted EBITDA grew 22% to $73.4 million compared to the second quarter of 2021.
CCC
CCC
Forward Guidance
The Company is issuing revenue guidance of $194 million to $196 million and adjusted EBITDA guidance of $72 million to $74 million.