CCC
🇺🇸 NASDAQ:CCCS
•
Dec 31, 2024
CCC Q4 2024 Earnings Report
CCC Intelligent Solutions Holdings Inc. reported strong Q4 2024 results with growth in revenue and profitability.
Key Takeaways
CCC Intelligent Solutions Holdings Inc. delivered strong financial results in Q4 2024, highlighted by revenue growth and improvements in adjusted net income and operating income.
Revenue increased by 8% to $246.5 million.
Adjusted net income increased to $64.5 million.
Adjusted operating income rose to $92.9 million.
The company completed the acquisition of EvolutionIQ.
CCC Revenue
CCC EPS
CCC Revenue by Segment
CCC Revenue by Geographic Location
Forward Guidance
The company expects revenue to range from $249.0 million to $250.5 million in Q1 FY25, with adjusted EBITDA between $92.5 million and $94.0 million.
Positive Outlook
- Continued revenue growth expected in Q1 FY25.
- Strong adjusted EBITDA guidance.
- Positive customer feedback for new solutions.
- Expanded market reach with EvolutionIQ acquisition.
- AI-driven innovation initiatives.
Challenges Ahead
- Declining gross margin.
- Higher operating expenses.
- Increased cost of revenue.
- Ongoing debt obligations.
- Market uncertainties.