NASDAQ$CCC
CCC Intelligent Solutions Holdings Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
CCC's first quarter results for 2023 were announced, demonstrating growth and profitability.
CCC Intelligent Solutions Holdings Inc. reported strong first quarter results with a 10% year-over-year revenue growth, reaching $204.9 million, and a 39% adjusted EBITDA margin. The company's AI-based system, Estimate-STP, processed over $1 billion in annualized run rate value of auto claims in March 2023, a tenfold increase from the previous year. The growing adoption of CCC® Diagnostics also contributed to the positive results, with a significant increase in the number of repair facilities using the solution and the volume of scanned vehicles being verified.
- Total revenue reached $204.9 million, a 10% increase compared to the first quarter of 2022.
- GAAP gross profit was $147.8 million, with a gross margin of 72%.
- GAAP operating income was $13.3 million, while GAAP net income was $2.2 million.
- Adjusted EBITDA was $79.5 million, representing a 39% adjusted EBITDA margin.
Headline financials
Revenue & EPS history
CCC · Revenue · Quarterly
$205M
Forward guidance
The Company is issuing the following financial guidance: Second Quarter Fiscal 2023 Revenue $207.5 million to $209.5 million and Adjusted EBITDA $76.5 million to $78.5 million. Full Year Fiscal 2023 Revenue $844 million to $850 million and Adjusted EBITDA $332 million to $338 million.
Tailwinds
- Second Quarter Fiscal 2023 Revenue $207.5 million to $209.5 million
- Second Quarter Fiscal 2023 Adjusted EBITDA $76.5 million to $78.5 million
- Full Year Fiscal 2023 Revenue $844 million to $850 million
- Full Year Fiscal 2023 Adjusted EBITDA $332 million to $338 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 2023
+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
| Quarter | Report date | Reaction (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% |
Discussion
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