CCC Intelligent Solutions Holdings Inc (OQ:CCCS)
Business Focus: Application Software
| Sector: Technology | Industry: Software |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 167 N. Green Street, 9Th Floor CHICAGO IL 60607 |
| Tel: | N/A |
| Website: | https://ir.cccis.com |
| IR: | See website |
| Key People | ||
| Githesh Ramamurthy Chairman of the Board, Chief Executive Officer | Brian Herb Executive Vice President, Chief Financial and Administrative Officer | Mary Jo Prigge Executive Vice President, Chief Service Delivery Officer |
| Michael Silva Executive Vice President, Chief Commercial and Customer Success Officer | John Goodson Senior Vice President, Chief Technology Officer, Chief Product Officer | Marc Fredman Senior Vice President, Chief Strategy Officer |
| Business Overview |
| CCC Intelligent Solutions Holdings Inc. provides software as a service (SaaS) platform for the property and casualty (P&C) insurance economy. The Company's cloud-based SaaS platform connects trading partners, facilitates commerce, and supports artificial intelligence (AI) enabled digital workflows. The Company's solutions include CCC Insurance Solutions, CCC Repair Solutions, CCC Ecosystem and Other Solutions, and CCC International Solutions. Its insurance solutions include CCC Workflow, CCC Estimating, CCC Total Loss, CCC Casualty, CCC Subrogation and CCC Claim Handling. The Company's repair solutions include CCC Estimating, CCC Network Management, CCC Repair Workflow and CCC Repair Quality. It offers enterprise solutions that support multiple customer segments, along with specific solutions tailored to other segments of the insurance ecosystem, including parts suppliers and automotive manufacturers. It provides insurance claims software to some of the automotive insurers in China. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, CCC Intelligent Solutions Holdings Inc revenues increased 11% to $866.4M. Net loss totaled $92.5M vs. income of $38.4M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net loss reflects CHANGE IN FAIR VALUE OF WARRANT LIABILIT decrease from $26.1M (income) to $15.1M (expense), INTEREST EXPENSE increase of 63% to $63.6M (expense). |
| Employees: | 2,325 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $7,693M as of Dec 31, 2023 |
| Annual revenue (TTM): | $866.38M as of Dec 31, 2023 |
| EBITDA (TTM): | $196.19M as of Dec 31, 2023 |
| Net annual income (TTM): | -$92.48M as of Dec 31, 2023 |
| Free cash flow (TTM): | $195.00M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $610.69M as of Dec 31, 2023 |
| Shares outstanding: | 614,257,735 as of Mar 29, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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