UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from to Commission File Number: 001-40750 Consensus Cloud Solutions, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation ...

Consensus Cloud Solutions, Inc. Reports Third Quarter 2024 Results Releases Q4 2024 and Reaffirms Full Year 2024 Guidance LOS ANGELES -- Consensus Cloud Solutions, Inc. (NASDAQ: CCSI) today reported financial results for the third quarter of 2024. "I am pleased with our Q3 results and the continued execution against our four point plan for 2024. Corporate and SoHo revenues were ahead of expectations, with Corporate revenues growing at their fastest pace in six quarters. Our continued strong operating perfor ...

Financial Data and Key Metrics Changes - The company reported consolidated revenue of $87.5 million for Q2 2024, a decrease of 5.3 million or 5.7% compared to Q2 2023, in line with expectations [21] - Adjusted EBITDA for Q2 2024 was $49.1 million, an increase of 1.4 million or 2.9% over Q2 2023, driven by cost structure optimization [21] - Adjusted EBITDA margin improved to 56.1%, up 4.7 percentage points from the prior year, exceeding expectations [21] - Adjusted net income was $28.1 million, an increase of 1.3 million or 4.9% over the prior year [21] - Adjusted EPS for Q2 2024 was $1.45, higher than the prior year by 6.6% or $0.09 [21] Business Line Data and Key Metrics Changes - Corporate business revenue reached a record $51.7 million, an increase of 1.4 million or 2.7% over the prior year [18] - SoHo business revenue was $35.8 million, a decrease of 6.7 million or 15.8% compared to the previous year [20] - Corporate ARPA was $310, down from $317 or 2% in the prior year, remaining stable within the $305 to $320 range [18] - SoHo ARPA was stable at $14.97, with a slight improvement in the cancellation rate to 3.4% sequentially [16][20] Market Data and Key Metrics Changes - The company added approximately 2,700 customers in Q2 2024, demonstrating the effectiveness of its e-commerce and SoHo upsell strategy [9] - The cancellation rate for corporate accounts increased to 2.29%, up 103 basis points year-over-year, primarily driven by new customers at the lower end of the customer continuum [10][18] - The public sector business, particularly the VA rollout, is progressing as planned, with expectations of over $2 million in revenue from the EC Fax program in 2024 [12] Company Strategy and Development Direction - The company aims to eliminate certain costs in the SoHo channel, pursue customer acquisition in the healthcare space, and improve overall cost structure to drive adjusted EBITDA margins [4] - There is a strong focus on cash generation and profitability, with plans to increase marketing spend by approximately $2 million in the second half of 2024 [16][42] - The company is committed to investing in the ongoing development of its cloud fax platform and enhancing its AI offering, Clarity [14] Management's Comments on Operating Environment and Future Outlook - Management noted ongoing economic uncertainty and slow decision-making processes among customers due to limited IT resources [17] - There is no indication of improvement in the availability of IT talent to support more IT projects, which may affect deployment timelines [27] - The healthcare market shows mixed signals, with some hospitals performing well while others are struggling, impacting demand levels [36][37] Other Important Information - The company has repurchased approximately $156 million in debt since launching its bond repurchase program in November 2023 [7][22] - Free cash flow for Q2 2024 was $15.8 million, a 295% increase compared to the prior year [22] Q&A Session Summary Question: Thoughts on healthcare clients reducing friction in deployments - Management indicated no current indicators of clients finding the necessary talent for IT projects [27] Question: Deployment process at the VA and metrics - Management stated that the rollout is on track, with approximately 2,200 sites, but emphasized the complexity of measuring total opportunity [30][32] Question: Demand level from the hospital market - Management noted mixed demand, with some hospitals doing well while others are in distress, impacting overall demand [36][37] Question: Uptake rate of Clarity solutions - There is increased interest in Clarity, particularly in proof-of-concept engagements, but its revenue contribution is not material at this point [40]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from to Commission File Number: 001-40750 Consensus Cloud Solutions, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or o ...

Consensus Cloud Solutions, Inc. Reports Second Quarter 2024 Results Releases Third Quarter 2024 Guidance Raises Full Year 2024 Adjusted EPS Guidance LOS ANGELES -- Consensus Cloud Solutions, Inc. (NASDAQ: CCSI) today reported financial results for the second quarter of 2024. "I am pleased with our Q2 performance. Corporate and SoHo revenues were ahead of expectations, which combined with a full quarter benefit of our cost saving measures, produced a net income margin of 27.3% and a strong Adjusted EBITDA ma ...

LOS ANGELES, June 27, 2024 /PRNewswire/ -- Consensus Cloud Solutions, Inc. (NASDAQ: CCSI), a global leader of digital cloud fax technology and trusted provider of interoperability solutions, has been named a 2024 CSO Award winner from Foundry's CSO. This prestigious honor is bestowed upon a select group of organizations that have implemented security projects and initiatives demonstrating outstanding business value and thought leadership. This award serves as the most recent testament to Consensus' goal of ...

Group Aims to Better Equip Organizations that Depend on Fax Communication with New Interoperability Standard LOS ANGELES, May 29, 2024 /PRNewswire/ -- Consensus Cloud Solutions, Inc. (NASDAQ: CCSI), a global leader of digital cloud fax technology and trusted provider of interoperability solutions, proudly announces that DirectTrust's Interoperable Secure Cloud Fax Consensus Body has elected Consensus Chief Technology Officer, Jeffrey Sullivan, as its Chairperson. Sullivan will steer the efforts of the Conse ...

Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) Q1 2024 Earnings Conference Call May 8, 2024 5:00 PM ET Company Participants Adam Varon - SVP, Finance Scott Turicchi - CEO & Director Johnny Hecker - EVP, Operations & Chief Revenue Officer James Malone - CFO Conference Call Participants Jon Tanwanteng - CJS Securities Jenny Shen - BTIG Anne Samue - JPMorgan Chase & Co. Mark Zhang - Citigroup Operator Good day, ladies and gentlemen, and welcome to consensus Q1 2024 Earnings Call. My name is Paul, and I will be ...

Our research, development and engineering costs consist primarily of personnel-related expenses. Our general and administrative costs consist primarily of personnel-related expenses (inclusive of share-based compensation), professional fees, depreciation and amortization and bad debt expense. The following table represents share-based compensation expense included in cost of revenues and operating expenses in the accompanying Condensed Consolidated Statements of Income for the three months ended March 31, 2 ...

"I am pleased with our Q1 performance. SoHo and Corporate revenues were ahead of expectations, which combined with our cost saving measures, produced a strong EBITDA margin of 54.5%. Our free cash flow was up more than 21% year over year, allowing us to end the quarter with $61.5 million of cash following a spend of $63.5 million on our debt repurchase program. Since the program began in November 2023, we have repurchased $126.0 million of debt and lowered our net debt-to-EBITDA ratio to 3.2, continuing tow ...