Clarivate Plc

Clarivate Plc engages in the provision of global information, analytics and workflow solutions. It operates through the Science and Intellectual Property segments. The Science segment is composed of the academia and government, and life science and healthcare product lines. The Intellectual Property segment includes the patent, trademark, domain, and IP management product lines. The company was founded in 1864 and is headquartered in London, the United Kingdom.

Earnings data Q1 2023

Earnings data Q2 2023

Clarivate Plc engages in the provision of global information, analytics, and workflow solutions. It operates through the following segments: Academia and Government (A&G), Life Sciences and Healthcare (LS&H), and Intellectual Property (IP). The A&G segment consists of products and services to organizations that plan, fund, implement, and utilize education and research at a global, national, institutional, and individual level. The LS&H segment comprises of products and solutions that provide insight and foresight across the drug and device lifecycle, empowering life science and healthcare organizations. The IP segment refers to patent intelligence, brand IP Intelligence, and IP Lifecycle Management product groups, which enables customers to establish, protect, and manage their intellectual property and form critical business decision while also mitigating risk and improving efficiencies. The company was founded in 1864 and is headquartered in London, the United Kingdom.

LONDON , March 13, 2023 /PRNewswire/ -- Clarivate Plc (NYSE: CLVT), a global leader in connecting people and organizations to intelligence they can trust, announced today that Jonathan Collins, Executive Vice President and Chief Financial Officer, will present at the BofA Securities 2023 Information & Business Services Conference on Thursday, March 16, 2023 at 9:45 am Eastern Time. The live webcast can be accessed at https://bofa.veracast.com/webcasts/bofa/infoservices2023/idso9130.cfm and will be available for replay.

Clarivate to Present at the BofA Securities 2023 Information & Business Services Conference on March 16

Clarivate PLC (NYSE:CLVT ) Q4 2022 Earnings Conference Call March 1, 2023 9:00 AM ET Company Participants Mark Donohue - Head, IR Jonathan Gear - CEO & Director Jonathan Collins - EVP & CFO Conference Call Participants George Tong - Goldman Sachs Group Toni Kaplan - Morgan Stanley Seth Weber - Wells Fargo Securities John Mazzoni - RBC Capital Markets Stephanie Moore - Jefferies Adam Parrington - Stifel, Nicolaus & Company Peter Christiansen - Citigroup Operator Hello, and welcome to today's Clarivate Q4 and Full Year Earnings Conference Call. My name is Bailey, and I'll be the moderator for today's call.

Clarivate PLC (CLVT) Q4 2022 Earnings Call Transcript

Clarivate PLC (CLVT) delivered earnings and revenue surprises of 29.41% and 3.67%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Clarivate PLC (CLVT) Q4 Earnings and Revenues Top Estimates

— Provides 2023 Outlook — LONDON , March 1, 2023 /PRNewswire/ -- Clarivate Plc - (NYSE: CLVT) (the "Company" or "Clarivate"), a global leader in connecting people and organizations to intelligence they can trust, today reported results for the fourth quarter and full year ended December 31, 2022. Fourth  Quarter 2022 Financial Highlights Revenues of $675.3 million increased 20.4%, and 25.2% at constant currency(1), driven primarily by the acquisition of ProQuest Organic revenues(1) increased 0.5% as increases in subscription revenues of 2.5% and re-occurring revenues of 2.5% were partially offset by a decline in transactional and other revenues of 5.9% Net income attributable to ordinary shares was $304.3 million compared to Net loss attributable to ordinary shares of $130.4 million in the prior year quarter driven by the gain from the MarkMonitor divestiture; Net income per diluted share of $0.44 increased by $0.64 Adjusted Net Income(1) of $164.0 million increased 0.5%; Adjusted Income per diluted share(1) of $0.22 decreased 4.3% or $0.01 Adjusted EBITDA(1) of $304.4 million increased 18.6% driven by earnings contributions from acquisitions, organic growth and cost savings from integration programs; Adjusted EBITDA Margin(1) of 45.1% decreased 70 basis points Full Year 2022 Financial Highlights Revenues of $2,659.8 million increased 41.7%, and 46.9% at constant currency(1), driven primarily by the acquisition of ProQuest Organic revenues(1) increased 2.6% as increases in subscription revenues of 3.4% and re-occurring revenues of 5.2% were partially offset by a decline in transactional and other revenues of 2.7% Net loss attributable to ordinary shares of $4,035.6 million increased $3,723.6 million due to the $4,449.1 million non-cash impairment of goodwill; Net loss per diluted share of $6.24 increased by $5.63 Adjusted Net Income(1) of $628.0 million increased 30.4%; Adjusted Income per diluted share(1) of $0.85 increased 18.1% or $0.13 Adjusted EBITDA(1) of $1,112.7 million increased 39.0% and Adjusted EBITDA Margin(1) of 41.8% decreased 80 basis points Cash Flows from Operations increased $185.5 million to $509.3 million; Adjusted Free Cash Flow(1) increased $62.4 million to $521.8 million "2022 was a pivotal year for Clarivate as we made progress on many fronts and transitioned the company for future achievements," said Jonathan Gear, Chief Executive Officer.

Clarivate Reports Fourth Quarter and Full Year 2022 Results

—Clarivate will ring the opening bell at the New York Stock Exchange on March 6 — LONDON , Feb. 23, 2023 /PRNewswire/ -- Clarivate Plc (NYSE:CLVT), a global leader in connecting people and organizations to intelligence they can trust, announced today details for its upcoming Investor Day conference on Thursday, March 9, 2023 in New York. Due to limited capacity, in-person attendance is by invitation only.

Clarivate Announces Details of its Investor Day on March 9, 2023

Providing key insights for building a sustainable industry ecosystem LONDON , Feb. 22, 2023 /PRNewswire/ -- Clarivate Plc (NYSE:CLVT), a global leader in connecting people and organizations to intelligence they can trust to transform the world, and the KAIST Innovation Strategy and Policy Institute (ISPI), a top research institution in South Korea today launched a collaborative report on the global innovation landscape of the artificial intelligence (AI) chip industry. The report suggests it is crucial to build an innovation ecosystem to stimulate mutual-cooperation among universities, enterprises and government-funded research institutes.

Clarivate and KAIST Innovation Strategy and Policy Institute Release Report on the Global AI Chip Innovation Landscape

New report identifies consistent above-the-bar innovation performance, and reveals top 50 most cited research organizations from the Top 100 by blending insights on inventive activity and scientific discovery LONDON , Feb. 16, 2023 /PRNewswire/ -- Clarivate Plc (NYSE: CLVT), a global leader in connecting people and organizations to intelligence they can trust to transform their world, today revealed its 2023 list of Top 100 Global Innovators™ – companies and organizations which sit at the very top of the global innovation ecosystem, with the most consistent above-the-bar innovation performance. New this year: The report marries insights from Clarivate on inventive activity and scientific discovery to better track the flow of modern innovation - to identify the 50 research organizations most often cited by the Top 100 Global Innovators 2023.

Clarivate Names Top 100 Global Innovators 2023

Clarivate PLC (CLVT) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Clarivate PLC (CLVT) Upgraded to Strong Buy: Here's What You Should Know

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Helping researchers more easily access preprints within trusted platform to advance scientific progress LONDON , Feb. 9, 2023 /PRNewswire/ -- Clarivate Plc (NYSE:CLVT), a global leader in connecting people and organizations to intelligence they can trust to transform their world, has added the Preprint Citation Index™ to the Web of Science™ platform. Researchers can now locate and link to preprints alongside other trusted content in the database, to streamline the research process and help make meaningful connections faster.

Clarivate Adds Preprint Citation Index to the Web of Science

Here is how Clarivate PLC (CLVT) and Lyft (LYFT) have performed compared to their sector so far this year.

Is Clarivate (CLVT) Outperforming Other Computer and Technology Stocks This Year?

LONDON , Feb. 7, 2023 /PRNewswire/ -- Clarivate Plc (NYSE: CLVT), a global leader in connecting people and organizations to intelligence they can trust to transform their world, announced today it will report its financial results for the fourth quarter and full year 2022 before the market opens on Wednesday, March 1. The press release and earnings supplement, with accompanying financial information, will be posted on the Clarivate investor website at https://ir.clarivate.com.

Clarivate to Report Fourth Quarter and Full Year 2022 Results on March 1, 2023

In-depth analysis of obesity highlights latest advances in weight loss drugs, the search for biological fitness mediators and the pros and cons of weight as a proxy for health LONDON , Feb. 6, 2023 /PRNewswire/ -- BioWorld™ published by Clarivate Plc (NYSE:CLVT), a global leader in connecting people and organizations to intelligence they can trust to transform their world, explores how difficult scientific detachment can be for health topics that have large cultural components- such as obesity. After many years of research and development, drug-induced weight loss has matured into a viable therapeutic option.

BioWorld by Clarivate Rethinks Obesity in New Special Investigation, Finding Fitness May Be More Linked to Health than Weight

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Clarivate has a very attractive business model in an industry with positive trends. CLVT should be able to continue exerting its pricing power to drive organic growth.

Clarivate: Attractive Business Model With Improving Organic Growth

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The mean of analysts' price targets for Clarivate PLC (CLVT) points to a 39.2% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

How Much Upside is Left in Clarivate PLC (CLVT)? Wall Street Analysts Think 39.2%

Report highlights personalized medicines ensuring greater efficacy for rare diseases and previously untreatable conditions Promising therapeutic developments for HIV, Parkinson's disease, Crohn's disease, alopecia, multiple myeloma and breast cancer on horizon LONDON , Jan. 10, 2023 /PRNewswire/ -- Clarivate Plc (NYSE:CLVT), a global leader in providing trusted information and insights to accelerate the pace of innovation, today announced the release of its annual Drugs to Watch™ report. In its 10th year, the Drugs to Watch report provides in-depth predictive analysis of drugs with the potential to transform treatment paradigms and serve unmet patient needs.

Clarivate Identifies Fifteen Potential Blockbuster Drugs in Annual Drugs to Watch Report

Selecting significant research specialties in sciences and social sciences LONDON , Jan. 3, 2023 /PRNewswire/ -- Clarivate Plc (NYSE: CLVT), a global leader in providing trusted information and insights to accelerate the pace of innovation, and the Chinese Academy of Sciences (CAS) today released  Research Fronts 2022 , their ninth annual collaborative report. The report identifies significant areas in the world of sciences and social sciences as to where the scientific community is focusing its attention, including several COVID-related fronts and areas mirrored by the research fields of Noble Prize in recent years.

Clarivate and the Chinese Academy of Sciences Release Annual Joint Report to Identify 165 Research Fronts

LONDON , Dec. 22, 2022 /PRNewswire/ -- ClarivatePlc (NYSE: CLVT) today announced that its Board of Directors adopted a tax benefits preservation plan (the "Tax Benefits Preservation Plan") designed to protect the availability of Clarivate's U.S. net operating loss carryforwards ("NOLs") and certain other U.S. tax attributes, which can be utilized in certain circumstances to offset future U.S. tax liabilities. As of September 30, 2022, Clarivate estimates that it had U.S. federal net operating loss and interest carryforwards in excess of $1.0 billion.

CLARIVATE ADOPTS TAX BENEFITS PRESERVATION PLAN TO PROTECT AVAILABILITY OF NET OPERATING LOSSES

LONDON , Dec. 20, 2022 /PRNewswire/ -- Clarivate Plc (NYSE: CLVT) today announced that, to further enhance the Company's governance profile, it has decreased the size of its Board of Directors from 14 to 11 members. Three directors, Balakrishnan S.

CLARIVATE REDUCES BOARD SIZE, ENHANCING CORPORATE GOVERNANCE

LONDON , Dec. 6, 2022 /PRNewswire/ -- Clarivate Plc (NYSE: CLVT), a global leader in providing trusted information and insights to accelerate the pace of innovation, today announced the inclusion of linked specialty pharmacy claims data within real world data solutions. The new U.S. dataset will expand the real world data and analytics offerings from Clarivate.

Clarivate Expands Real World Data and Analytics Solutions with Addition of U.S. Specialty Pharmacy Data

LONDON , Dec. 1, 2022 /PRNewswire/ -- Clarivate Plc (NYSE: CLVT), a global leader in providing trusted information and insights to accelerate the pace of innovation, announced today that Jonathan Gear, Chief Executive Officer, and Jonathan Collins, Executive Vice President and Chief Financial Officer, will present at the Barclays Global Technology, Media and Telecommunications Conference on Wednesday, December 7, 2022 at 10:25 am Pacific Time (1:25 pm Eastern Time). The live webcast can be accessed at https://event.webcasts.com/starthere.jsp?ei=1585417&tp_key=08649f5cce&tp_special=8 and will be available for replay.

Clarivate to Present at the Barclays Global Technology, Media and Telecommunications Conference on December 7

LONDON , Nov. 17, 2022 /PRNewswire/ -- Clarivate Plc (NYSE:CLVT), a global leader in providing trusted information and insights to accelerate the pace of innovation, today launched its annual report which examines the research performance of each of the members of the G20 with a visual comparative snapshot for each. The report, The Annual G20 Scorecard – Research Performance 2022 , has been created by the Institute for Scientific Information™ at Clarivate to coincide with this year's G20 Summit hosted by Bali.

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