ACCESSWIRE
03 Aug 2022, 01:49 GMT+10
NEW YORK, NY / ACCESSWIRE / August 2, 2022 / Headquartered in Boston Massachusetts, Duck Creek Technologies, Inc. ('Duck Creek Technologies,' or the 'Company') is a Software-as-a-service (SaaS) company that develops industry-specific software that helps insurance carriers to deploy and manage their products and services. Specifically, the company provides core systems to the property and casualty (P&C) insurance industry through its cloud offering, Duck Creek OnDemand. The Company was founded in Boston, Massachusetts in 2000 and became a Delaware corporation in November 2019. On August 14, 2020, the Company went through its initial public offering at a public offering price of $27.00 per share for net proceeds of $429.2 million. As of today, the price of the Company's common share is at $13.99, only about half of the public offering price.
On June 30, 2022, the Company reported its quarterly report on Form 10-Q with the SEC, reporting its financial results for the quarter ended May 31, 2022 (the 'Quarterly Report'). The Quarterly Report reported that the adjusted income from operates dropped from $4.8 million a year ago to $1.8 million; the adjusted earnings per share dropped from $0.03 in the third quarter of 2021 to $0.01; the adjusted EBITDA dropped to $2.41 million, a 56.5% decline compared to a year ago. On this news, the Company's shares fell nearly 3.3% to $14.36 the next day.
If you suffered loss in Duck Creek Technologies and wish to participate, learn more, or discuss the issues surrounding the investigation, please click here, or contact our attorneys at (914) 733-7256 or via email at investigations@lowey.com.
Contact
Lowey Dannenberg P.C.
44 South Broadway, Suite 1100
White Plains, NY 10601
Tel: (914) 733-7256
Email: investigations@lowey.com
SOURCE: Lowey Dannenberg
Get a daily dose of Raleigh Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Raleigh Times.
More InformationSYDNEY, NSW, Australia - Stocks in Asia were mixed on Monday, but gains and losses were modest.There is concern the ...
CANBERRA, Australia: Australia's new government has announced plans to ban the development of a coal mine located near the Great ...
WASHINGTON D.C.: The U.S. Transportation Department said it could require airlines to offer passengers a refund if their flight schedules ...
LONDON, England: In 2023, America's Major League Baseball is set to return to London for the first time since 2019, ...
NEW YORK CITY, New York: A New York Federal Reserve report released this week indicated that Americans are struggling to ...
NEW YORK CITY, New York: The Department of Financial Services of New York State said it has fined the crypto ...
WASHINGTON D.C.: In July, a Florida man was killed by exploding Takata airbag inflators, possibly becoming the 20th death in ...
Max Muncy blasted a three-run homer in the fifth inning and the Los Angeles Dodgers added two unearned runs in ...
All-Star Ty France hit a two-run homer and rookie George Kirby pitched six strong innings as the Seattle Mariners defeated ...
Washington [US], August 6 (ANI): Judith Durham, an Australian folk music legend whose band, The Seekers, had several international hits ...
Taylor Ward's 10th-inning sacrifice fly brought home the go-ahead run as the Los Angeles Angels defeated the Seattle Mariners 4-3 ...
Washington [US], August 3 (ANI): Antibiotic resistance is a matter of common knowledge. And the same phenomenon also occurs with ...