CCC Intelligent Solutions Holdings Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 06, 2023 at 10:16 pm
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CCC Intelligent Solutions Holdings Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 221.15 million compared to USD 198.73 million a year ago. Net loss was USD 22.21 million compared to net income of USD 9.8 million a year ago. Basic loss per share from continuing operations was USD 0.04 compared to basic earnings per share from continuing operations of USD 0.02 a year ago. Diluted loss per share from continuing operations was USD 0.04 compared to diluted earnings per share from continuing operations of USD 0.02 a year ago.
For the nine months, sales was USD 637.78 million compared to USD 578.34 million a year ago. Net loss was USD 117.69 million compared to net income of USD 37.33 million a year ago. Basic loss per share from continuing operations was USD 0.19 compared to basic earnings per share from continuing operations of USD 0.06 a year ago. Diluted loss per share from continuing operations was USD 0.19 compared to diluted earnings per share from continuing operations of USD 0.06 a year ago.
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.
CCC INTELLIGENT SOLUTIONS HOLDINGS INC. 
