Цонсенсус Цлоуд Солутионс, Инц. објављује резултате за трећи квартал 2022

Reaffirms 2022 Guidance

Veterans Administration Approval to Operate

LOS ANGELES–(BUSINESS WIRE)–Consensus Cloud Solutions, Inc. (NASDAQ: CCSI) today reported preliminary financial results for the third quarter of 2022.

“Our Q3 financial results demonstrated continued revenue growth and strong EBITDA margins despite the volatile economic conditions. In addition, we celebrated the first anniversary of the Spin, devoting significant resources to separate from our former parent and fill out the roles as a separate public company. We achieved a significant milestone receiving the Authority to Operate from the Veterans Administration in late Q3. This combined with our pipeline of new customer opportunities bodes well for the remainder of the year and into 2023.” said Scott Turicchi, CEO of Consensus.

THIRD QUARTER UNAUDITED 2022 HIGHLIGHTS

ККСНУМКС КСНУМКС GAAP quarterly revenues increased by $6.7 million or 7.5% to $95.9 million compared with $89.2 million for Q3 2021. Our growth was primarily due to an increase of $8.0 million or 18.6% in our Corporate business (inclusive of $1.9 million due to the Summit acquisition); partially offset by a decline of $1.2 million or 2.7% in our SoHo business. On a constant dollar basis, revenues grew by $8.1 million or 9.2% compared to the prior year.

GAAP net income from continuing operations decreased to $17.1 million in Q3 2022 compared to $41.1 million for Q3 2021. The decrease is primarily related to the interest expense associated with the 2026 and 2028 notes, additional costs as a standalone publicly traded company, including increased headcount and sales tax related expenses; partially offset by higher revenues.

GAAP earnings per diluted share from continuing operations ⁽¹⁾ decreased to $0.86 in Q3 2022 compared to $2.07 for Q3 2021. The decrease is related to the items discussed above.

Прилагођени ЕБИТДА ⁽³⁾ for Q3 2022 of $51.3 million is favorable compared to Q3 2021 pro forma adjusted EBITDA ⁽⁵⁾ of $50.9 million. Adjusted non-GAAP earnings per diluted share ^{(1) (2) (3)} for the quarter increased to $1.52 or 5.6% compared to pro forma Adjusted non-GAAP earnings per diluted share ⁽⁴⁾ of $1.44 for Q3 2021.

Consensus ended the quarter with $103.7 million in cash and cash equivalents after cash outlays related to capital expenditures of $7.3 million and payments to the Former Parent of $7.2 million, primarily related to commingled cash and the settlement of certain cost associated with the spin.

Key financial results from continuing operations for Q3 2022 versus Q3 2021 are set forth in the following table. Reconciliations of Adjusted non-GAAP net income, earnings per diluted share, Adjusted EBITDA and Pro Forma results from operations are to their nearest comparable GAAP financial measures accompany this press release.

Non-Consensus assets are classified as discontinued operations in our financial statements for the prior period. Results in this press release represent continuing operations, and where appropriate, results from discontinued operations have been disclosed.

REAFFIRMS 2022 GUIDANCE

For 2022 full year guidance, the Company estimates revenues between $375 million and $385 million, Adjusted EBITDA between $201 million and $207 million and Adjusted non-GAAP earnings per diluted share of between $5.36 and $5.50, excluding share-based compensation, amortization of acquired intangibles and the impact of unanticipated items, in the case of adjusted non-GAAP net income, net of tax. The non-GAAP effective tax rate for 2022 is expected to be between 19.5% and 21.5%. Full year guidance is provided on a non-GAAP basis only because certain information necessary to calculate the most comparable GAAP measures are unavailable due to the uncertainty and inherent difficulty of predicting the occurrence and the future financial statement impact of certain items. Therefore, as a result of the uncertainty and variability of the nature and amount of future adjustments, which could be significant, we are unable to provide a reconciliation of these measures without unreasonable effort.

VETERANS ADMINISTRATION

Enterprise Cloud Fax (ECFax), available through our partnership with prime contractor Cognosante, has achieved Authority to Operate (ATO) from the Department of Veterans Affairs (VA), and marks Consensus’ official entry into the U.S. federal government marketplace.

белешке:

About Consensus Cloud Solutions

Consensus Cloud Solutions, Inc. (NASDAQ: CCSI) is the world’s largest digital fax provider and a trusted global source for the transformation, enhancement and secure exchange of digital information. We leverage our 25-year history of success by providing advanced solutions for regulated industries such as healthcare, finance, insurance and manufacturing, as well as state and the federal government. Our solutions consist of: cloud faxing; digital signature; intelligent data extraction using natural language processing and artificial intelligence; robotic process automation; interoperability; and workflow enhancement that result in improved healthcare outcomes. Our solutions can be combined with best-in-class managed services for optimal implementations. For more information about Consensus, visit consensus.com and follow @ConsensusCS on Twitter to learn more.

“Safe Harbor” Statement Under the Private Securities Litigation Reform Act of 1995: Certain statements in this press release are “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995, including those contained in Scott Turicchi’s quote and the “Business Outlook” portion regarding the Company’s expected fiscal 2022 financial performance and statements regarding the Company’s share buyback program. These forward-looking statements are based on management’s current expectations or beliefs and are subject to numerous assumptions, risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These factors and uncertainties include, among other items: the Company’s ability to grow fax revenues, profitability and cash flows; the Company’s ability to identify, close and successfully transition acquisitions; subscriber growth and retention; variability of the Company’s revenue based on changing conditions in particular industries and the economy generally; protection of the Company’s proprietary technology or infringement by the Company of intellectual property of others; the risk of adverse changes in the U.S. or international regulatory environments, including but not limited to the imposition or increase of taxes or regulatory-related fees; general economic and political conditions, including political tensions and war (such as the ongoing conflict in Ukraine);and the numerous other factors set forth in Consensus’ filings with the Securities and Exchange Commission (“SEC”). For a more detailed description of the risk factors and uncertainties affecting Consensus, refer to the 2021 Annual Report on Form 10-K filed by Consensus on April 15, 2022 and the other reports filed by Consensus from time-to-time with the SEC, each of which is available at ввв.сец.гов. The forward-looking statements provided in this press release, including those contained in Scott Turicchi’s quote and in the “Business Outlook” portion regarding the Company’s expected fiscal 2022 financial performance are based on limited information available to the Company at this time, which is subject to change. Although management’s expectations may change after the date of this press release, the Company undertakes no obligation to revise or update these statements.

About non-GAAP Financial Measures

To supplement our consolidated financial statements, which are prepared and presented in accordance with GAAP, we use the following Adjusted non-GAAP financial measures: Adjusted non-GAAP net income, Adjusted non-GAAP earnings per diluted share, Adjusted EBITDA and free cash flow. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.

We use these Adjusted non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. Our management believes that these Adjusted non-GAAP financial measures provide meaningful supplemental information regarding our performance and liquidity by excluding certain expenses and expenditures that may not be indicative of our recurring core business operating results. We believe that both management and investors benefit from referring to these Adjusted non-GAAP financial measures in assessing our performance and when planning, forecasting, and analyzing future periods. These Adjusted non-GAAP financial measures also facilitate management’s internal comparisons to our historical performance and liquidity. We believe these Adjusted non-GAAP financial measures are useful to investors both because (1) they allow for greater transparency with respect to key metrics used by management in its financial and operational decision-making and (2) they are used by our institutional investors and the analyst community to help them analyze the health of our business.

For more information on these Adjusted non-GAAP financial measures, please see the appropriate GAAP to Adjusted non-GAAP reconciliation tables included within the attached Exhibit to this Release.

CONSENSUS CLOUD SOLUTIONS, INC. AND SUBSIDIARIES САЖЕТИ КОНСОЛИДОВАНИ БИЛАНСИ СТАЊА (UNAUDITED, IN THOUSANDS EXCEPT SHARE AND PER SHARE DATA)
	Септембар КСНУМКС, 2022				Децембар КСНУМКС, 2021
ИМОВИНА
Готовина и готовински еквиваленти	$	103,683			$	66,778
Accounts receivable, net of allowances of $4,410 and $4,743, respectively		31,075				24,829
Унапред плаћени трошкови и остала обртна средства		4,921				4,650
Укупно текућа средства		139,679				96,257
Некретнине и опрема, нето		47,441				33,849
Имовина права оперативног закупа		7,419				7,233
Нематеријална улагања, нето		49,702				43,549
Добра воља		342,104				339,209
Одложени порез на доходак		39,077				41,842
Остала средства		1,967				873
УКУПНА СРЕДСТВА	$	627,389			$	562,812
ОБАВЕЗЕ И АКЦИОНАРСКИ ДЕФИЦИТ
Обавезе и обрачунати расходи	$	61,695			$	40,206
Income taxes payable, current		4,883				5,227
Одложени приходи, текући		26,050				24,370
Operating lease liabilities, current		2,458				2,421
Due to Former Parent		908				5,739
Укупно текуће обавезе		95,994				77,963
Дугорочни дуг		793,387				792,040
Deferred revenue, non-current		109				184
Обавезе по основу оперативног лизинга, дуготрајне		13,998				14,108
Liability for uncertain tax positions		6,969				4,795
Одложени порез на доходак		6,239				6,027
Остале дугорочне обавезе		353				360
ТОТАЛНЕ ОБАВЕЗЕ		917,049				895,477
Обавезе и непредвиђене околности
Common stock, $0.01 par value. Authorized 120,000,000; total issued is 20,016,950 and 19,978,580 shares and total outstanding is 19,827,836 and 19,978,580 shares at September 30, 2022 and December 31, 2021, respectively		200				200
Treasury stock, at cost (189,114 and zero shares at September 30, 2022 and December 31, 2021, respectively)		(КСНУМКС	)			-
Додатни уплаћени капитал		16,419				2,878
Акумулирани дефицит		(КСНУМКС	)			(КСНУМКС	)
Акумулирани други свеобухватни губитак		(КСНУМКС	)			(КСНУМКС	)
TOTAL STOCKHOLDERS’ DEFICIT		(КСНУМКС	)			(КСНУМКС	)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$	627,389			$	562,812

⁽¹⁾ The prior period includes cash flows from discontinued operations of the non-Consensus business. As a result, the prior period is not comparable.

^* The reconciliation of net income per share from GAAP to Adjusted non-GAAP may not foot since each is calculated independently.

^* The reconciliation of net income per share from GAAP to Adjusted non-GAAP may not foot since each is calculated independently.

The Company discloses Adjusted non-GAAP Earnings Per Share (“EPS”) and adjusted non-GAAP net income as supplemental Non-GAAP financial performance measures, as it believes they are useful metrics by which to compare the performance of its business from period to period. The Company also understands that these Adjusted non-GAAP measure is broadly used by analysts, rating agencies and investors in assessing the Company’s performance. Accordingly, the Company believes that the presentation of this Adjusted non-GAAP financial measure provides useful information to investors.

Adjusted non-GAAP EPS and Adjusted non-GAAP net income are not in accordance with, or an alternative to, net income per share or net income and may be different from Non-GAAP measures with similar or even identical names used by other companies. In addition, these Adjusted non-GAAP measures are not based on any comprehensive set of accounting rules or principles. These Adjusted non-GAAP measures have limitations in that they do not reflect all of the amounts associated with the Company’s results of operations determined in accordance with GAAP.

Kontakti

Laura Hinson

Consensus Cloud Solutions, Inc

844-211-1711

[емаил заштићен]

Прочитајте целу причу овде