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IRVINE, Calif. (BUSINESS WIRE) May 7, 2021
CoreLogic (NYSE: CLGX), a leading global provider of property information, insight, analytics and data-enabled solutions, today reported financial results for the first quarter ended March 31, 2021.
âCapitalizing on momentum from record 2020 performance, CoreLogic delivered strong double-digit revenue and profit growth and expanded profit margins during the first three months of 2021. Free cash flow conversion rates enabled the return of $24 million in capital to our stockholders and paydown of $100 million in debt,â said Frank Martell, President and Chief Executive Officer. âLooking ahead, share gains, pricing and the launch of new innovative solutions in insurance, geospatial and core mortgage should position us well to continue to accelerate our positive operating and financial trends well into the future. CoreLogic is firing on all cylinders and we have started 2021 with strong momentum and believe we are well positione
Share:
Q4 revenue of $189.7 million, up 9% year-over-year, and up 18% sequentially
Q4 subscription-based platform revenue of $163.5 million, up 14% year-over-year and up 15% sequentially, equating to 86% of Q4 total revenue
Q4 net income of $21.4 million, resulting in diluted net income of $0.14 per share
Q4 Non-GAAP net income of $30.8 million, resulting in Non-GAAP diluted net income of $0.21 per share, up 40% year-over-year, and up 31% sequentially
Q4 Adjusted EBITDA of $68.1 million, up 18% year-over-year, and up 16% sequentially
Q4 Adjusted EBITDA margin of 35.9%, up 270 basis points year-over-year
Q4 new sales ACV
Full Year 2020 Highlights
Full year subscription-based platform revenue of $585.1 million, up 10% year-over-year
Full year net income of $22.6 million, resulting in diluted net income of $0.15 per share, up 200% year-over-year
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