NASDAQ$CCSI

Consensus Cloud Solutions Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported preliminary financial results for the fourth quarter and year ended December 31, 2022.

Consensus Cloud Solutions reported a 1.4% increase in GAAP quarterly revenues to $90.2 million for Q4 2022 compared to $89.0 million for Q4 2021. GAAP net income from continuing operations increased to $16.2 million in Q4 2022 compared to $2.0 million for Q4 2021. Adjusted EBITDA for Q4 2022 was $49.0 million, compared to $51.6 million for Q4 2021.

  • Q4 2022 GAAP quarterly revenues increased 1.4% to $90.2 million compared to $89.0 million for Q4 2021.
  • GAAP net income from continuing operations increased to $16.2 million in Q4 2022 compared to $2.0 million for Q4 2021.
  • GAAP earnings per diluted share from continuing operations increased to $0.81 in Q4 2022 compared to $0.10 for Q4 2021.
  • Adjusted EBITDA for Q4 2022 of $49.0 million is unfavorable compared to Q4 2021 of $51.6 million primarily related to planned increased headcount.

Headline financials

Total Revenue

$90.2M

Previous: $89M+1.4%
EPS (adj)

$1.13

Previous: $1.46-22.6%
Corporate ARPA

$321.51

No prior period
Corporate churn

1.5%

No prior period
SoHo ARPA

$14.71

No prior period
SoHo churn

3.8%

No prior period
Capital Expenditures

$8.99M

Previous: $4.72M+90.4%
Free Cash Flow

-$15.1M

Previous: $32.6M-146.4%
Net Income

$16.2M

Previous: $3.62M+348.0%
Operating Income

$39.6M

Previous: $19.3M+104.9%
Gross Profit

$74.4M

Previous: $74.2M+0.3%
Cash & Equivalents

$94.2M

Previous: $66.8M+41.1%
Total Assets

$634M

Previous: $563M+12.6%
Stock-Based Comp

$5.45M

Previous: -$1.91M+385.0%

Revenue & EPS history

Consensus Cloud · Revenue · Quarterly

$90.2M

Q4 2022+1.4%vs Q4 2021
Beat estimate in 4 of 15 quarters(27%)
ActualEstimate

Revenue by segment

Consensus Cloud · $92.8M total across 2 segments · Q2 2023

  • Corporate
    $50.4M+2.5%
  • SoHo
    $42.4M-3.6%

Forward guidance

The company provided full year 2023 guidance with revenue between $370 million and $390 million, Adjusted EBITDA between $192 million and $206 million, and Adjusted Non-GAAP earnings per share between $4.93 and $5.20.

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 Q4 2022

Historical avgQ4 2022

+1.5%

Avg return

Earnings day

+2.7%

Avg return

5 days after

-3.4%

Avg return

30 days after

71%

15 / 21 earnings

Positive

+37.8%

Q1 2024

Best reaction

-17.8%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+5.9%+1.2%+18.3%
Q4 2025+6.9%+30.6%+32.7%
Q3 2025-15.7%-18.8%-24.6%
Q1 2025+0.1%+4.0%+2.0%
Q3 2024-5.9%-5.0%-5.9%
Q2 2024+4.0%+4.6%+18.8%
Q1 2024+37.8%+48.7%+41.8%
Q4 2023-17.8%-11.6%-28.6%
Q3 2023-7.1%+4.7%+12.9%
Q2 2023+1.5%+2.5%-14.5%
Q1 2023+0.4%-8.4%-1.1%
Q4 2022-2.3%-27.5%-50.0%
Q3 2022-3.2%+6.3%-4.0%
Q2 2022+2.7%+4.9%-3.5%
Q1 2021+1.1%+1.7%-14.8%
Q1 2022+1.1%+1.7%-14.8%
Q4 2019+1.9%+1.3%-15.6%
Q2 2021+1.9%+1.3%-15.6%
Q4 2021+9.0%+9.5%+9.5%
Q3 2021+5.0%+2.8%-7.7%
Q4 2020+5.0%+2.8%-7.7%
Q3 2020

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