Consensus Cloud Solutions Inc
For the period ended Jun 30, 2024. Filed Aug 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 9, 2024
CCSI$43.05+0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Income (unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(Unaudited, in thousands except share and per share data)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues | $87,500 | $92,792 | $175,646 | $184,246 |
| Cost of revenues (1) | 17,122 | 17,246 | 34,170 | 34,754 |
| Gross profit | 70,378 | 75,546 | 141,476 | 149,492 |
| Operating expenses: | ||||
| Sales and marketing (1) | 11,718 | 17,507 | 24,276 | 34,400 |
| Research, development and engineering (1) | 1,643 | 1,765 | 3,548 | 3,669 |
| General and administrative (1) | 17,136 | 17,432 | 36,104 | 38,584 |
| Total operating expenses | 30,497 | 36,704 | 63,928 | 76,653 |
| Income from operations | 39,881 | 38,842 | 77,548 | 72,839 |
| Interest expense | (8,657) | (12,817) | (14,856) | (25,383) |
| Interest income | 593 | 661 | 1,516 | 665 |
| Other income (expense), net | 663 | 568 | 4,565 | (280) |
| Income before income taxes | 32,480 | 27,254 | 68,773 | 47,841 |
| Income tax expense | 8,606 | 6,196 | 18,529 | 11,325 |
| Net income | $23,874 | $21,058 | $50,244 | $36,516 |
| Net income per common share: | ||||
| Basic | $1.24 | $1.07 | $2.61 | $1.85 |
| Diluted | $1.24 | $1.07 | $2.61 | $1.85 |
| Weighted average shares outstanding: | ||||
| Basic | 19,249,116 | 19,654,922 | 19,234,728 | 19,750,570 |
| Diluted | 19,287,479 | 19,662,201 | 19,260,608 | 19,772,898 |
| (1) Includes share-based compensation expense as follows: | ||||
|---|---|---|---|---|
| Cost of revenues | $481 | $334 | $984 | $630 |
| Sales and marketing | 585 | 387 | 1,264 | 759 |
| Research, development and engineering | 70 | 52 | 165 | 92 |
| General and administrative | 2,602 | 3,890 | 5,775 | 8,322 |
| Total | $3,738 | $4,663 | $8,188 | $9,803 |
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