Loading...
•
Mar 31, 2023
Consensus Cloud Q1 2023 Earnings Report
Consensus Cloud Solutions reported preliminary financial results
Key Takeaways
Consensus Cloud Solutions reported a revenue increase of 2.4% to $91.5 million in Q1 2023 compared to $89.3 million in Q1 2022. However, net income decreased to $15.5 million compared to $18.5 million for the same period last year. The company reaffirms its 2023 guidance.
Q1 2023 GAAP quarterly revenues increased by $2.2 million, or 2.4%, to $91.5 million compared with $89.3 million for Q1 2022.
GAAP net income decreased to $15.5 million in Q1 2023 compared to $18.5 million for Q1 2022.
Adjusted EBITDA for Q1 2023 was $44.2 million, compared to $48.6 million for Q1 2022.
Consensus ended the quarter with $111.3 million in cash and cash equivalents.
Revenue by Segment
Forward Guidance
The Company reaffirms its 2023 full year guidance. Revenue is expected to be between $370 million and $390 million. Adjusted EBITDA is expected to be between $192 million and $206 million. Adjusted non-GAAP earnings per diluted share is expected to be between $4.93 and $5.20.
Positive Outlook
- Revenue is expected to be between $370 million and $390 million.
- Adjusted EBITDA is expected to be between $192 million and $206 million.
- Adjusted non-GAAP earnings per diluted share is expected to be between $4.93 and $5.20.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
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...