Consensus Cloud Solutions, Inc. - CCSI STOCK NEWS

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.

Consensus Cloud Solutions, Inc. (NASDAQ: CCSI) will host a live audio Webcast for its Q3 earnings call on November 10, 2022, at 5:00 PM ET. The event will feature CEO Scott Turicchi, COO John Nebergall, and CFO Jim Malone discussing financial results and business updates, followed by a Q&A session. Interested parties can join the call via Webcast or dial in at (833) 492-0037 for U.S. participants and +1(973) 528-0159 for international attendees. Questions can be submitted via email to investor@consensus.com.

Consensus Cloud Solutions, Inc. (NASDAQ: CCSI) announced the pricing of an underwritten offering of 500,000 shares of its common stock owned by Ziff Davis at $46.00 per share. Consensus will not receive proceeds from this offering, which is anticipated to close on September 19, 2022. The shares are part of a debt-for-equity exchange involving Citicorp North America, Inc. Citigroup Global Markets Inc. is the sole underwriter for this offering. The company continues to focus on secure digital document solutions and has filed a shelf registration statement with the SEC.

Consensus Cloud Solutions (NASDAQ: CCSI) announced its participation in the Wells Fargo Leveraged Finance Conference on September 8, 2022. The conference will take place at the Gaylord Opryland Hotel & Convention Center, with a presentation scheduled for 9:25 am ET. The event will be accessible via webcast. Consensus is known for its secure digital technology solutions that include services like eFax Corporate and Consensus Signal.

Consensus Cloud Solutions, Inc. (NASDAQ: CCSI) reported Q2 2022 revenues of $93.2 million, up 6.1% from $87.8 million in Q2 2021, driven by a 17% increase in corporate business. However, net income fell to $22.3 million from $38.9 million year-over-year, with diluted earnings per share declining to $1.11 from $2.04. Adjusted EBITDA remained stable at $50.3 million. The company reaffirmed its 2022 guidance, estimating revenues of $375 million to $385 million and adjusted EBITDA of $201 million to $207 million. CCSI ended Q2 with $76.3 million in cash after significant cash outlays.

Consensus Cloud Solutions, Inc. (NASDAQ: CCSI) will participate in the Oppenheimer 25th Annual Technology Internet & Communications Conference on August 10, 2022. The virtual presentation is scheduled for 2:55-3:35 PM ET.

Consensus, a leader in digital cloud transmission and interoperability, offers various solutions, including eFax Corporate and Consensus Signal, aimed at enhancing healthcare communications. For more details, visit consensus.com.

Consensus Cloud Solutions, Inc. (NASDAQ: CCSI) announced a live audio Webcast for its first investor call on August 9, 2022, at 5:00 p.m. ET. Key executives, including CEO Scott Turicchi, COO John Nebergall, and CFO Jim Malone, will present Q2 2022 financial results and discuss business updates. Investors can join the call via a dedicated link or phone. The session will include a live Q&A. For more details and archived materials post-event, visit consensus.com.

Consensus Cloud Solutions, Inc. (NASDAQ: CCSI) announced the pricing of an underwritten offering of 2,000,000 shares of common stock previously owned by Ziff Davis at $41.00 per share. Consensus will not sell any shares or receive proceeds from the offering. Ziff Davis is expected to exchange these shares for its indebtedness, with an additional option for 300,000 more shares. The offering is anticipated to close on June 14, 2022. J.P. Morgan Securities LLC, Evercore Group, and Citigroup Global Markets are managing the offering.