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Sep 30, 2023
Consensus Cloud Q3 2023 Earnings Report
Reported financial results for the third quarter of 2023.
Key Takeaways
Consensus Cloud Solutions reported a decrease in GAAP quarterly revenues by 1.3% to $90.6 million compared to Q3 2022. However, GAAP net income increased to $24.0 million, and the company achieved a record free cash flow and cash reserves of $155.7 million.
GAAP quarterly revenues decreased by 1.3% to $90.6 million compared to Q3 2022.
GAAP net income increased to $24.0 million in Q3 2023 compared to $15.4 million for Q3 2022.
Adjusted EBITDA for Q3 2023 was $47.5 million, a decrease compared to Q3 2022 of $49.1 million.
Consensus ended the quarter with a record $155.7 million in cash and cash equivalents.
Forward Guidance
The company provided Q4 2023 guidance with revenue expected to be between $87.5 million and $90.5 million, Adjusted EBITDA between $46.3 million and $48.2 million, and Adjusted non-GAAP earnings per diluted share between $1.15 and $1.19.
Positive Outlook
- Revenue is expected to be between $87.5 million and $90.5 million.
- Adjusted EBITDA is expected to be between $46.3 million and $48.2 million.
- Adjusted non-GAAP earnings per diluted share is expected to be between $1.15 and $1.19.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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