Clearwater Analytics Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 01, 2023 at 08:27 pm
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Clearwater Analytics 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 94.66 million compared to USD 76.55 million a year ago. Net loss was USD 1.87 million compared to USD 2.97 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.02 a year ago. Diluted loss per share from continuing operations was USD 0.01.
For the nine months, sales was USD 269.15 million compared to USD 220.74 million a year ago. Net loss was USD 17.2 million compared to USD 5.01 million a year ago. Basic loss per share from continuing operations was USD 0.09 compared to USD 0.03 a year ago.
Clearwater Analytics Holdings, Inc. is a provider of software-as-a-service (SaaS)-based investment management, accounting, reporting, and analytics solutions. With a single instance, multi-tenant architecture, the Company offers investment portfolio planning, performance reporting, data aggregation, reconciliation, accounting, compliance, risk, and order management. Its cloud-native software allows clients to radically simplify their investment accounting operations, enabling them to focus on higher-value business functions, such as asset allocation strategy and investment selection. Its platform provides comprehensive accounting, data, and advanced analytics as well as highly configurable reporting for global investment assets daily or on-demand, instead of weekly or monthly. Its software automates data aggregation, data reconciliation, data validation, and trade management of each security in its clientâs investment portfolios. It serves a broad universe of institutional clients.