NASDAQ$CCC

CCC Intelligent Solutions Holdings Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

CCC Intelligent Solutions Holdings Inc. reported strong first-quarter results, marked by revenue growth and adjusted EBITDA increase.

CCC Intelligent Solutions Holdings Inc. reported an 18% increase in revenue and a 33% increase in adjusted EBITDA for the first quarter of 2022. The company's CEO highlighted the early stages of digitization in the P&C insurance industry and CCC's ongoing investment in innovation.

  • Total revenue increased by 18% to $186.8 million compared to the first quarter of 2021.
  • GAAP gross profit was $137.4 million, with a gross profit margin of 74%.
  • GAAP operating income was $12.7 million, compared to $7.2 million for the first quarter of 2021.
  • Adjusted EBITDA grew 33% to $73.7 million compared to the first quarter of 2021.

Headline financials

Total Revenue

$187M

Previous: $158M+18.4%
EPS (adj)

$0.08

Previous: -$0.01+900.0%
Capital Expenditures

-$14.3M

Previous: $4.64M-408.0%
Free Cash Flow

-$2.31M

Previous: $33.6M-106.9%
Net Income

$12M

Previous: -$5.08M+335.5%
Operating Income

$12.7M

Previous: $7.24M+74.8%
Gross Profit

$137M

Previous: $113M+21.4%
Cash & Equivalents

$195M

Previous: $1.52M+12791.2%
Total Assets

$3.26B

Previous: $692M+371.9%
Stock-Based Comp

$23.6M

Previous: $12.7M+86.9%

Revenue & EPS history

CCC · Revenue · Quarterly

$187M

Q1 2022+18.4%vs Q1 2021
Beat estimate in 10 of 12 quarters(83%)
ActualEstimate

Forward guidance

The Company is issuing financial guidance for the second quarter and full year of fiscal 2022.

Tailwinds

  • Second Quarter Fiscal 2022 Revenue: $189.5 million to $191.5 million
  • Second Quarter Fiscal 2022 Adjusted EBITDA: $69 million to $71 million
  • Full Year Fiscal 2022 Revenue: $763 million to $771 million
  • Full Year Fiscal 2022 Adjusted EBITDA: $288 million to $294 million

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+1.0%

Avg return

Earnings day

-0.6%

Avg return

5 days after

+1.6%

Avg return

30 days after

57%

13 / 23 earnings

Positive

+23.4%

Q4 2025

Best reaction

-9.9%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+8.7%+10.4%-2.9%
Q4 2025+23.4%+10.1%+14.8%
Q3 2025-3.0%-9.8%-17.3%
Q1 2025-9.9%-2.0%-2.9%
Q4 2024+0.1%-2.5%-13.4%
Q3 2024-0.6%-4.8%+14.6%
Q2 2024-7.1%-7.5%-1.6%
Q1 2024-7.9%-5.7%-1.6%
Q4 2023+1.5%+2.8%+3.6%
Q3 2023+6.7%+4.8%+6.5%
Q2 2023-2.3%-3.2%-2.9%
Q1 2023+5.4%+2.6%+28.2%
Q4 2022-2.7%-0.9%+0.1%
Q3 2022+2.4%+1.2%+2.5%
Q2 2022+1.9%-1.3%-4.9%
Q1 2022-1.4%-15.8%+4.1%
Q4 2021+1.3%-1.6%+1.7%
Q2 2021+1.3%-1.6%+1.7%
Q1 2020+3.3%+5.0%-5.5%
Q3 2021+3.9%+7.3%-1.8%
Q1 2021+0.4%-0.1%+0.0%
Q4 2020-1.7%-0.3%-0.1%
Q3 2020-0.7%-0.3%+14.4%

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