Consensus Cloud Solutions, Inc. Provides Fourth Quarter and Full Year 2024 Results Releases Q1 2025 and Full Year 2025 Guidance LOS ANGELES -- Consensus Cloud Solutions, Inc. (NASDAQ: CCSI) today reported preliminary financial results for the fourth quarter and year ended December 31, 2024. "I am pleased that we finished 2024 in a strong position relative to our expectations. We exceeded our revenue target by more than $5 million for the year, maintained strong margins, generated record net cash provided by ...

Consensus Cloud Solutions, Inc. (CCSI) shares rallied 12.1% in the last trading session to close at $30.20. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 13.5% gain over the past four weeks.Consensus Cloud Solutions is benefiting from strong revenue growth in its Corporate business, successful cost optimization strategies, and increased customer retention across both Corporate and SoHo channels.This company ...

Since its spin-off from Ziff Davis ( ZD ) in October 2021, Consensus Cloud Solutions (NASDAQ: CCSI ) has been pitilessly beaten down by the market, falling 45% from its spin price.Analyst’s Disclosure: I/we have a beneficial long position in the shares of CCSI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whos ...

Consensus Cloud Solutions, Inc. (NASDAQ: CCSI ) reports a profitable business model with many decades of experience in offering secure communications to clients in different sectors. In the last quarterly report, the company appears to be investing more in R&DLondon Stock Market Research is a service offered by an ex-investment banker from the city of London. After around 11 years in the industry, I decided to drop out, and made dollars out of what I learned in business. I appreciate value investments, and ...

Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Adam Varon - Senior Vice President Finance Scott Turicchi - Chief Executive Officer Johnny Hecker - CRO and Executive Vice President of Operations Jim Malone - Chief Financial Officer Conference Call Participants Jenny Shen - BTIG Operator Good day, ladies and gentlemen, and welcome to Consensus Q3 2024 Earnings Call. My name is Paul, and I will be the operator assisting you today. ...

Consensus Cloud Solutions, Inc. (CCSI) came out with quarterly earnings of $1.31 per share, beating the Zacks Consensus Estimate of $1.28 per share. This compares to earnings of $1.51 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.34%. A quarter ago, it was expected that this company would post earnings of $1.32 per share when it actually produced earnings of $1.45, delivering a surprise of 9.85%.Over the last four quarters ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from to Commission File Number: 001-40750 Consensus Cloud Solutions, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation ...

Consensus Cloud Solutions, Inc. Reports Third Quarter 2024 Results Releases Q4 2024 and Reaffirms Full Year 2024 Guidance LOS ANGELES -- Consensus Cloud Solutions, Inc. (NASDAQ: CCSI) today reported financial results for the third quarter of 2024. "I am pleased with our Q3 results and the continued execution against our four point plan for 2024. Corporate and SoHo revenues were ahead of expectations, with Corporate revenues growing at their fastest pace in six quarters. Our continued strong operating perfor ...

Financial Data and Key Metrics Changes - The company reported consolidated revenue of $87.5 million for Q2 2024, a decrease of 5.3 million or 5.7% compared to Q2 2023, in line with expectations [21] - Adjusted EBITDA for Q2 2024 was $49.1 million, an increase of 1.4 million or 2.9% over Q2 2023, driven by cost structure optimization [21] - Adjusted EBITDA margin improved to 56.1%, up 4.7 percentage points from the prior year, exceeding expectations [21] - Adjusted net income was $28.1 million, an increase of 1.3 million or 4.9% over the prior year [21] - Adjusted EPS for Q2 2024 was $1.45, higher than the prior year by 6.6% or $0.09 [21] Business Line Data and Key Metrics Changes - Corporate business revenue reached a record $51.7 million, an increase of 1.4 million or 2.7% over the prior year [18] - SoHo business revenue was $35.8 million, a decrease of 6.7 million or 15.8% compared to the previous year [20] - Corporate ARPA was $310, down from $317 or 2% in the prior year, remaining stable within the $305 to $320 range [18] - SoHo ARPA was stable at $14.97, with a slight improvement in the cancellation rate to 3.4% sequentially [16][20] Market Data and Key Metrics Changes - The company added approximately 2,700 customers in Q2 2024, demonstrating the effectiveness of its e-commerce and SoHo upsell strategy [9] - The cancellation rate for corporate accounts increased to 2.29%, up 103 basis points year-over-year, primarily driven by new customers at the lower end of the customer continuum [10][18] - The public sector business, particularly the VA rollout, is progressing as planned, with expectations of over $2 million in revenue from the EC Fax program in 2024 [12] Company Strategy and Development Direction - The company aims to eliminate certain costs in the SoHo channel, pursue customer acquisition in the healthcare space, and improve overall cost structure to drive adjusted EBITDA margins [4] - There is a strong focus on cash generation and profitability, with plans to increase marketing spend by approximately $2 million in the second half of 2024 [16][42] - The company is committed to investing in the ongoing development of its cloud fax platform and enhancing its AI offering, Clarity [14] Management's Comments on Operating Environment and Future Outlook - Management noted ongoing economic uncertainty and slow decision-making processes among customers due to limited IT resources [17] - There is no indication of improvement in the availability of IT talent to support more IT projects, which may affect deployment timelines [27] - The healthcare market shows mixed signals, with some hospitals performing well while others are struggling, impacting demand levels [36][37] Other Important Information - The company has repurchased approximately $156 million in debt since launching its bond repurchase program in November 2023 [7][22] - Free cash flow for Q2 2024 was $15.8 million, a 295% increase compared to the prior year [22] Q&A Session Summary Question: Thoughts on healthcare clients reducing friction in deployments - Management indicated no current indicators of clients finding the necessary talent for IT projects [27] Question: Deployment process at the VA and metrics - Management stated that the rollout is on track, with approximately 2,200 sites, but emphasized the complexity of measuring total opportunity [30][32] Question: Demand level from the hospital market - Management noted mixed demand, with some hospitals doing well while others are in distress, impacting overall demand [36][37] Question: Uptake rate of Clarity solutions - There is increased interest in Clarity, particularly in proof-of-concept engagements, but its revenue contribution is not material at this point [40]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from to Commission File Number: 001-40750 Consensus Cloud Solutions, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or o ...