Consensus Cloud Stock Price, News & Analysis

Consensus Cloud Solutions, Inc. (NASDAQ: CCSI) announced a delay in filing its Annual Report on Form 10-K for the year ended December 31, 2022. Nasdaq notified the company on March 21, 2023 that it is non-compliant with Listing Rule 5250(c)(1) due to this delay. The company has 60 days to submit a compliance plan, and filing the Form 10-K by March 31, 2023 could restore compliance. There are no material changes to the preliminary financial data as of December 31, 2022. The company's audited results may differ from its preliminary estimates following the completion of financial closing processes.

Consensus Cloud Solutions (NASDAQ: CCSI) is set to showcase its interoperability solutions at ViVE 2023, taking place March 26-29 in Nashville, Tennessee. The company aims to demonstrate how its technology, including Natural Language Processing (NLP) and Artificial Intelligence (AI), can alleviate administrative burdens and improve clinical workflows. Bevey Miner, EVP of healthcare strategy, will speak on a panel discussing interoperability challenges on March 28. Consensus also announced the launch of its Conductor integration platform, designed to tackle a variety of interoperability challenges. The ViVE event provides a vital platform for industry insights and networking.

Consensus Cloud Solutions, Inc. (NASDAQ: CCSI) will participate in the JMP Securities Technology Conference on March 6, 2023, at 1:30 PM PT. The event will take place at the Ritz Carlton in San Francisco. Interested parties can access the webcast here. As the largest digital fax provider globally, Consensus offers innovative solutions for regulated sectors, including healthcare, finance, and government, focusing on enhancing, securing, and transforming digital information. For more information, visit consensus.com.

Consensus Cloud Solutions reported preliminary financial results for Q4 and the full year 2022. Q4 revenues rose 1.4% to $90.2 million, driven by a 10.1% increase in Corporate business, offset by a 6.4% decline in SoHo revenues due to a legacy accounting issue. GAAP net income surged to $16.2 million, while earnings per share increased to $0.81. For the full year, revenues were $362.4 million, up 2.8%, but net income fell to $72.4 million from $121.2 million in 2021. The company ended 2022 with $94.2 million in cash. Guidance for 2023 anticipates revenues between $370 million and $390 million.

Consensus Cloud Solutions (NASDAQ: CCSI) invites the public to its live audio Webcast for Q4 and Year End earnings call on February 22, 2023, at 5:00 PM ET. The call will be hosted by CEO Scott Turicchi, COO John Nebergall, and CFO Jim Malone. Participants can join via Webcast or dial in at (833) 492-0037 (U.S.) or +1(973) 528-0159 (International). Questions can be submitted via email at investor@consensus.com. Archived materials will be available on www.consensus.com after the event.

Consensus Cloud Solutions (NASDAQ: CCSI) announced its participation in three key conferences: the J.P. Morgan Healthcare Conference on January 11, 2023, at the Westin St. Francis Hotel, San Francisco; CJS Securities 23rd Annual New Ideas for the New Year on the same day, virtually; and the 25th Annual Needham Growth Conference on January 12, 2023, also virtually. These events will showcase the company’s leading digital fax solutions and services tailored for regulated industries. For further details, visit consensus.com.

Consensus Cloud Solutions (NASDAQ: CCSI) will participate in the BoFA Leveraged Finance Conference on November 30, 2022, at 10:10 am ET. The event will take place at Boca Raton Resort, Boca Raton, FL. Investors can access the conference via webcast at this link. As the world's largest digital fax provider, Consensus offers advanced solutions for regulated industries, enhancing the secure exchange of information.

Consensus Cloud Solutions (CCSI) announced its digital cloud faxing service, Enterprise Cloud Fax (ECFax), has received Authority to Operate (ATO) from the Department of Veterans Affairs (VA). This achievement signifies Consensus' entry into the U.S. federal market, supported by its partnership with Cognosante. The ECFax service will be implemented across over 2,000 VA locations, providing HIPAA-compliant, secure faxing solutions. The company aims to support federal agencies in enhancing workflows and securing data exchanges during digital transformation.

Consensus Cloud Solutions, Inc. (NASDAQ: CCSI) reported its Q3 2022 financial results, marking a 7.5% increase in GAAP revenues to $95.9 million, driven by an 18.6% rise in Corporate business. However, GAAP net income decreased to $17.1 million from $41.1 million in Q3 2021, influenced by rising interest and operational costs. The company reaffirmed its 2022 revenue guidance of $375-$385 million and reported a new milestone with the Veterans Administration's Authority to Operate for its Enterprise Cloud Fax service, enhancing prospects for future growth.