CCC Q3 2024 Earnings Report
Key Takeaways
CCC Intelligent Solutions Holdings Inc. announced its Q3 2024 financial results, reporting a revenue of $238.5 million, an 8% increase year-over-year. The company's adjusted EBITDA margin was 43%. They also launched new solutions and saw high customer engagement with their Emerging Solutions.
Total revenue increased by 8% year-over-year to $238.5 million.
GAAP gross profit was $183.4 million, with a gross margin of 77%.
GAAP operating income was $28.7 million, compared to $16.6 million in the same quarter of the previous year.
The company generated $63.3 million in cash from operating activities and had a free cash flow of $49.4 million.
CCC
CCC
Forward Guidance
The Company is issuing the following financial guidance: Fourth Quarter Fiscal 2024 Revenue $242.5 million to $246.5 million and Adjusted EBITDA $103.0 million to $105.0 million.