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Viant(DSP) - 2024 Q1 - Quarterly Results
2024-04-30 20:30
Exhibit 99.1 Viant Technology Announces First Quarter 2024 Financial Results; Board of Directors Authorizes $50 Million Stock Repurchase Program IRVINE, Calif., Apr. 30, 2024 – Viant Technology Inc. (Nasdaq: DSP), a leading advertising technology company, today reported financial results for its first quarter ended March 31, 2024. "We had a strong start to the year as the momentum we saw in the second half of 2023 continued through the first quarter," said Tim Vanderhook, Co-Founder and CEO, Viant. "Our per ...
3 Stocks That Will Shine in the Coming Economic Recovery
InvestorPlace· 2024-04-23 19:56
The economy is recovering after the rate hike’s turbulent effects. Sharp investors are looking for opportunities to profit from this turnaround. In a dynamic macroeconomic environment, several industries and businesses are efficient in adapting and strategically positioning themselves to capitalize on the resurgence of demand. These three businesses, which stand for different industries, are in the construction, digital advertising, and technology distribution sectors.First, with a strategic focus on profit ...
Is Viant Technology (DSP) Stock Outpacing Its Business Services Peers This Year?
Zacks Investment Research· 2024-04-17 14:46
The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Viant Technology (DSP) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Business Services peers, we might be able to answer that question.Viant Technology is a member of the Business Services sector. This group includes 314 individual stocks and currently holds a Zacks Sector Rank of #5. The Zacks Secto ...
Secret Stock Picks: 3 Stealth Companies Poised to Rule the Market by 2030
InvestorPlace· 2024-04-05 18:19
Three underdog businesses have surfaced as strong rivals in the ever-changing stock market, with plans to take the lead in each by 2030. These have placed themselves in a smart position to profit from growing industries and new trends. The first one’s asset base and revenue streams have significantly expanded with the recent acquisition of a multifamily platform. This action demonstrates the company’s dedication to diversifying its portfolio for long-term growth, further improving its position in the real e ...
Buy Before It's Too Late: 3 Disruptive Stocks to Buy Now
InvestorPlace· 2024-03-14 19:41
In an era of fast technological innovation and fluctuating market landscapes, spotting the next big investment opportunity is like traversing a maze of unknowns. Despite the complexity, there are lights of invention that promise to survive the storm and thrive in its midst. Here are three disruptive stocks, pioneering businesses that rewrite the rules of conventional sectors. They are paving the road for exceptional growth and market dominance.These stocks represent the unique industries of advertising tech ...
Viant(DSP) - 2023 Q4 - Earnings Call Transcript
2024-03-05 04:22
Financial Data and Key Metrics - Revenue for Q4 2023 grew 18% YoY to $64 4 million, while contribution ex-TAC grew 28% YoY to $42 6 million [14][58] - Adjusted EBITDA for Q4 2023 increased nearly 400% YoY, with adjusted EBITDA margin reaching 31% [14][107] - Full-year 2023 revenue totaled $222 9 million, up 13% YoY, with contribution ex-TAC at $143 4 million, up 15% YoY [54] - Non-GAAP operating expenses for 2023 decreased by over 13% YoY to $114 3 million, while adjusted EBITDA increased by $35 2 million YoY to $29 1 million [54][79] - The company achieved the Rule of 40 in Q4 2023, with contribution ex-TAC growth of 28% and adjusted EBITDA margins of 31% [92] Business Line Data and Key Metrics - Connected TV (CTV) represented nearly 40% of total ad spend on the platform in Q4 2023, making it the largest channel [38][104] - Over 40% of CTV spend in Q4 2023 was through the Direct Access program, up from over 25% in Q3 2023 [21] - Video formats, including mobile video and CTV, accounted for nearly 60% of total platform spend in Q4 2023 [61] - Streaming audio also showed strong growth, representing nearly 10% of overall spend in Q4 2023 [104] - The Viant Data platform saw early adoption, with 7 out of the top 10 customers using it in 2023 [49] Market Data and Key Metrics - The company is seeing strong momentum in retail, consumer goods, healthcare, travel, and public services verticals [82] - The mid-market segment continues to drive growth, with customers scaling their advertising budgets on the platform [56][80] - The number of percentage spend customers generating at least $500,000 of contribution ex-TAC increased by over 30% YoY in 2023 [60] - Contribution ex-TAC across the top 100 customers grew by over 20% YoY in 2023 [63] Company Strategy and Industry Competition - The company is focused on integrating AI and machine learning into its platform to improve customer experience and drive efficiency [26][27] - Viant's Household ID technology is a key differentiator, with over 90% of CTV ad spend on the platform utilizing it [18][101] - The company is prioritizing larger mid-market customers with significant long-term value over smaller, lower-spending customers [84][85] - Viant is one of only two buy-side-only demand-side platforms in the market, providing a competitive advantage [37][111] - The company is leveraging its Direct Access program to partner with major CTV content owners, offering better pricing and addressability for customers [41][42] Management Commentary on Operating Environment and Future Outlook - Management highlighted the accelerating momentum across the business, driven by the strategic role in the programmatic ad ecosystem [15] - The company expects continued growth in 2024, with Q1 revenue guidance of $49 million to $52 million, representing 21% YoY growth at the midpoint [89] - Adjusted EBITDA for Q1 2024 is expected to be in the range of $2 million to $3 million, a YoY increase of $2 9 million at the midpoint [90] - Management is optimistic about the opportunities in CTV, especially as cookie deprecation drives marketers to re-platform their budgets [6][7] - The company is focused on sustainability, achieving carbon-neutral status in 2023 and launching the Adtricity program to help customers quantify their carbon footprint [24][44] Other Important Information - The company's AI Bid Optimizer product has seen strong adoption, helping customers achieve 35% average savings on CPMs [47] - Viant's AI product suite won the 2024 Innovation Award from the Business Intelligence Group [23] - The company plans to launch the second generation of AI Bid Optimizer in summer 2024, expected to deliver even higher savings [28] - Viant's Household ID technology has lower instances of fraud, higher accuracy, and superior measurement capabilities compared to cookie-based solutions [40][101] Q&A Session Summary Question: How does Viant's Household ID compare to Google's Privacy Sandbox and Trade Desk's UID 2 0? - Viant's Household ID is not limited to the Chrome ecosystem and ties both e-commerce and in-store transactions, offering broader measurement capabilities [99][100] - Over 90% of CTV ad spend on Viant's platform utilizes Household ID, providing significant scale compared to other solutions [101] Question: What is the impact of Direct Access on CPMs? - Direct Access allows marketers to achieve lower CPMs while publishers see higher CPMs, with CTV CPMs increasing by up to 20% [121][122] Question: How is Viant positioned to sustain 20% revenue growth in 2024? - The company is confident in its ability to grow faster than the market, driven by its strong customer pipeline and focus on mid-market customers [148][166] Question: What are the expectations for the second generation of AI Bid Optimizer? - The second generation aims to deliver even higher cost savings for customers and improve automation features, with a focus on customer happiness [154][174] Question: How far can Direct Access grow in CTV? - Direct Access could potentially reach over 80% of CTV spend, driven by customer preference for direct integrations [176][180] Question: What has been the impact of cookie deprecation so far? - The company has seen a mindset shift among marketers, with increased activity and decision-making as cookie deprecation becomes a reality [144][181]
Viant Technology (DSP) Beats Q4 Earnings and Revenue Estimates
Zacks Investment Research· 2024-03-04 23:56
Viant Technology (DSP) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to loss of $0.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 27.27%. A quarter ago, it was expected that this advertising software company would post earnings of $0.07 per share when it actually produced earnings of $0.08, delivering a surprise of 14.29%.Over the last four quart ...
Viant(DSP) - 2023 Q4 - Annual Results
2024-03-03 16:00
[Viant Technology Q4 and Full Year 2023 Financial Results](index=1&type=section&id=Viant%20Technology%20Announces%20Fourth%20Quarter%20and%20Full%20Year%202023%20Financial%20Results) [Financial & Business Highlights](index=1&type=section&id=Fourth%20quarter%20and%20full%20year%202023%20Financial%20Highlights) Viant Technology reported strong Q4 and full-year 2023 results, marked by double-digit revenue growth, a shift to net income, and substantial Adjusted EBITDA improvement Q4 2023 vs Q4 2022 Financial Performance (in thousands) | Metric | Q4 2023 | Q4 2022 | Change (%) | | :--- | :--- | :--- | :--- | | **GAAP Revenue** | $64,406 | $54,509 | 18% | | **GAAP Gross Profit** | $31,752 | $22,458 | 41% | | **GAAP Net Income (Loss)** | $3,308 | $(8,008) | 141% | | **Adjusted EBITDA** | $13,007 | $2,630 | 395% | | **Contribution ex-TAC** | $42,601 | $33,378 | 28% | Full Year 2023 vs Full Year 2022 Financial Performance (in thousands) | Metric | FY 2023 | FY 2022 | Change (%) | | :--- | :--- | :--- | :--- | | **GAAP Revenue** | $222,934 | $197,168 | 13% | | **GAAP Gross Profit** | $102,455 | $80,443 | 27% | | **GAAP Net Loss** | $(9,943) | $(48,089) | 79% | | **Adjusted EBITDA** | $29,101 | $(6,132) | 575% | | **Contribution ex-TAC** | $143,382 | $124,728 | 15% | - The CEO attributes strong performance to the market shift towards cookie-free advertising platforms, highlighting Viant's Household ID technology and new AI product suite as key differentiators[3](index=3&type=chunk) - Business highlights for FY 2023 include a **20% increase in customers** with over **$1 million in contribution ex-TAC** and strong double-digit growth in Connected TV (CTV)[10](index=10&type=chunk) - Viant achieved carbon neutrality for the 2023 calendar year through strategic energy sourcing and the purchase of carbon offsets[10](index=10&type=chunk) [Q1 2024 Business Outlook](index=3&type=section&id=Guidance) Viant anticipates Q1 2024 revenue of $49.0-$52.0 million, with Contribution ex-TAC of $33.0-$35.0 million and Adjusted EBITDA of $2.0-$3.0 million Q1 2024 Guidance (in millions) | Metric | Range | | :--- | :--- | | Revenue | $49.0 - $52.0 | | Contribution ex-TAC | $33.0 - $35.0 | | Non-GAAP operating expenses | $31.0 - $32.0 | | Adjusted EBITDA | $2.0 - $3.0 | - The company stated it is not able to reconcile forward-looking non-GAAP guidance to the closest corresponding GAAP measures without unreasonable effort due to the variability and complexity of excluded charges[6](index=6&type=chunk) [Consolidated Financial Statements](index=5&type=section&id=VIANT%20TECHNOLOGY%20INC.%20CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20OPERATIONS) Viant's FY 2023 consolidated financial statements show increased revenue, reduced net loss, a strong balance sheet, and positive operating cash flow Full Year 2023 Statement of Operations Summary (in thousands) | Line Item | 2023 | 2022 | | :--- | :--- | :--- | | Revenue | $222,934 | $197,168 | | Gross Profit | $102,455 | $80,443 | | Income (loss) from operations | $(18,296) | $(49,260) | | Net loss | $(9,943) | $(48,089) | Balance Sheet Summary (as of Dec 31, in thousands) | Line Item | 2023 | 2022 | | :--- | :--- | :--- | | Cash and cash equivalents | $216,458 | $206,573 | | Total Assets | $404,911 | $377,883 | | Total Liabilities | $130,522 | $112,115 | | Total Equity | $274,389 | $265,768 | Statement of Cash Flows Summary (Full Year, in thousands) | Line Item | 2023 | 2022 | | :--- | :--- | :--- | | Net cash provided by (used in) operating activities | $37,752 | $(3,530) | | Net cash used in investing activities | $(13,476) | $(8,826) | | Net cash used in financing activities | $(14,391) | $(19,551) | | Net increase (decrease) in cash | $9,885 | $(31,907) | [Non-GAAP Financial Measures and Reconciliations](index=9&type=section&id=Non-GAAP%20Financial%20Measures) Viant uses non-GAAP measures like Contribution ex-TAC and Adjusted EBITDA to clarify core operating performance, reconciling FY 2023 GAAP net loss to non-GAAP net income - Contribution ex-TAC is a key profitability measure calculated by adding back other platform operations expenses to gross profit, used to evaluate operating performance across all pricing options[23](index=23&type=chunk) - Adjusted EBITDA is defined as net income (loss) adjusted for interest, taxes, depreciation, amortization, stock-based compensation, and other non-core operational items[25](index=25&type=chunk) Reconciliation of Net Loss to Adjusted EBITDA (Full Year, in thousands) | Line Item | 2023 | 2022 | | :--- | :--- | :--- | | **Net loss** | **$(9,943)** | **$(48,089)** | | Depreciation and amortization | $14,731 | $13,131 | | Stock-based compensation | $32,291 | $28,901 | | Other adjustments | $(8,078) | $ (7) | | **Adjusted EBITDA** | **$29,101** | **$(6,132)** | Reconciliation of Gross Profit to Contribution ex-TAC (Full Year, in thousands) | Line Item | 2023 | 2022 | | :--- | :--- | :--- | | **Gross profit** | **$102,455** | **$80,443** | | Add: Other platform operations | $40,927 | $44,285 | | **Contribution ex-TAC** | **$143,382** | **$124,728** |
Viant(DSP) - 2023 Q4 - Annual Report
2024-03-03 16:00
PART I [Business](index=6&type=section&id=Item%201.%20Business) Viant Technology Inc. provides a cloud-based demand-side platform (DSP) for programmatic advertising, leveraging a proprietary people-based data approach to reduce reliance on third-party cookies - Viant's core product is a cloud-based demand-side platform (DSP) for programmatic ad buying across omnichannel inventory[23](index=23&type=chunk)[24](index=24&type=chunk) - The platform utilizes a proprietary Household ID and identity graph, offering a people-based data approach as an alternative to cookie-based tracking, a strategic advantage given Google's planned cookie deprecation by end of 2024[29](index=29&type=chunk) Key Financial Performance (2021-2023) | Fiscal Year Ended | Revenue (in millions) | Net Loss (in millions) | Adjusted EBITDA (in millions) | | :--- | :--- | :--- | :--- | | Dec 31, 2023 | $222.9 | $(9.9) | $29.1 | | Dec 31, 2022 | $197.2 | $(48.1) | $(6.1) | | Dec 31, 2021 | $224.1 | $(37.6) | $37.1 | - The U.S. programmatic advertising market is projected to grow from **$121.8 billion** in 2022 to **$178.3 billion** in 2025, a **14% CAGR**, indicating strong market tailwinds[30](index=30&type=chunk)[33](index=33&type=chunk) - As of December 31, 2023, the company held **37 issued patents** and **9 pending patent applications** for proprietary products and technologies[48](index=48&type=chunk)[80](index=80&type=chunk) [Risk Factors](index=19&type=section&id=Item%201A.%20Risk%20Factors) The company faces significant risks across business operations, data privacy, intellectual property, and capital structure, including platform enhancement, evolving regulations, and cybersecurity threats - Business and operational risks include dependence on platform enhancement, the evolving market shift away from cookies, intense competition, long sales cycles, and macroeconomic impacts on advertising budgets[86](index=86&type=chunk)[87](index=87&type=chunk)[90](index=90&type=chunk)[92](index=92&type=chunk)[98](index=98&type=chunk) - Data privacy and technology risks stem from stringent, evolving laws (e.g., CCPA, GDPR) and changes by tech giants like Google and Apple, which could significantly impact data availability and platform operations[142](index=142&type=chunk)[163](index=163&type=chunk)[164](index=164&type=chunk) - Cybersecurity risks include potential cyber-attacks on IT systems and data, which could result in operational disruption, litigation, regulatory fines, and reputational damage[168](index=168&type=chunk)[169](index=169&type=chunk) - Capital structure and tax risks involve dependence on distributions from Viant Technology LLC, substantial payments under the Tax Receivable Agreement (TRA), and the implications of its dual-class stock structure and 'controlled company' status[189](index=189&type=chunk)[192](index=192&type=chunk)[217](index=217&type=chunk)[218](index=218&type=chunk) [Unresolved Staff Comments](index=46&type=section&id=Item%201B.%20Unresolved%20Staff%20Comments) The company reports no unresolved staff comments from the Securities and Exchange Commission - There are no unresolved staff comments[241](index=241&type=chunk) [Cybersecurity](index=46&type=section&id=Item%201C.%20Cybersecurity) Viant maintains a cybersecurity risk management program, overseen by the Board's Audit Committee, with no identified material threats to its business - The company has a cybersecurity risk management program based on the CIS Critical Security Controls Version 8 framework to protect critical systems and information[242](index=242&type=chunk)[243](index=243&type=chunk) - Cybersecurity governance is overseen by the Board's Audit Committee, with the Chief Information Officer (CIO) having primary management responsibility[246](index=246&type=chunk)[248](index=248&type=chunk) - As of the report date, no cybersecurity threats have been identified that materially affect or are reasonably likely to materially affect operations, business strategy, or financial condition[245](index=245&type=chunk) [Properties](index=47&type=section&id=Item%202.%20Properties) The company's headquarters are in Irvine, California, leased until May 2031, with 9 additional leased office spaces and no owned real property - The company's headquarters are in Irvine, CA, leased for approximately **56,000 square feet** until May 2031[250](index=250&type=chunk) - Viant leases **9 other office spaces** in the U.S. and does not own any real property[250](index=250&type=chunk) [Legal Proceedings](index=47&type=section&id=Item%203.%20Legal%20Proceedings) The company is involved in ordinary course legal proceedings but is not party to any litigation expected to have a material adverse effect - The company is not currently a party to any litigation expected to have a material adverse effect on its business[251](index=251&type=chunk) [Mine Safety Disclosures](index=47&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - Not applicable[252](index=252&type=chunk) PART II [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=48&type=section&id=Item%205.%20Market%20for%20Registrant's%20Common%20Equity,%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) Viant's Class A common stock trades on Nasdaq under "DSP", with no public market for Class B, and the company has not paid cash dividends - The company's Class A common stock trades on Nasdaq under the symbol **"DSP"**, with no public market for Class B common stock[255](index=255&type=chunk) - Viant has never paid cash dividends and has no current plans to do so[257](index=257&type=chunk) - There were no issuer purchases of equity securities during the reporting period[258](index=258&type=chunk) [Reserved](index=49&type=section&id=Item%206.%20Reserved.) This item is reserved [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=50&type=section&id=Item%207.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) In fiscal 2023, Viant achieved **13.1% revenue growth** to **$222.9 million** and a significant improvement in net loss and Adjusted EBITDA, driven by increased advertiser spend and cost controls, maintaining strong liquidity Financial Highlights (FY 2023 vs. FY 2022) | Metric | FY 2023 (in millions) | FY 2022 (in millions) | Change (%) | | :--- | :--- | :--- | :--- | | Revenue | $222.9 | $197.2 | 13.1% | | Gross Profit | $102.5 | $80.4 | 27.4% | | Contribution ex-TAC | $143.4 | $124.7 | 15.0% | | Net Loss | $(9.9) | $(48.1) | 79.3% improvement | | Adjusted EBITDA | $29.1 | $(6.1) | 574.6% improvement | - Revenue growth in 2023 was primarily driven by a **57% increase** from marketers in the retail and public services industry verticals[294](index=294&type=chunk) - Sales and marketing expenses decreased by **21%** in 2023, primarily due to lower personnel and advertising costs[298](index=298&type=chunk) - The company maintains strong liquidity with **$216.5 million** in cash and cash equivalents and **$231.6 million** in working capital as of December 31, 2023, with no outstanding balance on its **$75.0 million** revolving credit facility[359](index=359&type=chunk)[367](index=367&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=78&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risk is interest rate exposure on its variable-rate credit facility, though no outstanding balance existed as of December 31, 2023 - The company is exposed to interest rate risk through its variable-rate revolving credit facility[401](index=401&type=chunk) - As of December 31, 2023, there was no outstanding balance on the credit facility, eliminating market risk from interest rate changes at that time[401](index=401&type=chunk) [Financial Statements and Supplementary Data](index=79&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) This section presents the company's audited consolidated financial statements for fiscal years 2021-2023, including statements of operations, balance sheets, equity, cash flows, and notes - The financial statements were audited by Deloitte & Touche LLP, which issued an unqualified opinion[405](index=405&type=chunk) Consolidated Statements of Operations Summary (in thousands) | Year Ended Dec 31 | 2023 | 2022 | 2021 | | :--- | :--- | :--- | :--- | | **Revenue** | **$222,934** | **$197,168** | **$224,127** | | Loss from operations | $(18,296) | $(49,260) | $(42,795) | | **Net loss** | **$(9,943)** | **$(48,089)** | **$(37,609)** | | Net loss attributable to Viant | $(3,443) | $(11,913) | $(7,742) | | Loss per share (basic & diluted) | $(0.23) | $(0.84) | $(0.63) | Consolidated Balance Sheets Summary (in thousands) | As of Dec 31 | 2023 | 2022 | | :--- | :--- | :--- | | **Total Assets** | **$404,911** | **$377,883** | | Cash and cash equivalents | $216,458 | $206,573 | | **Total Liabilities** | **$130,522** | **$112,115** | | **Total Equity** | **$274,389** | **$265,768** | [Changes in and Disagreements with Accountants on Accounting and Financial Disclosure](index=103&type=section&id=Item%209.%20Changes%20in%20and%20Disagreements%20with%20Accountants%20on%20Accounting%20and%20Financial%20Disclosure) The company reports no changes in or disagreements with its accountants regarding accounting and financial disclosure - None[559](index=559&type=chunk) [Controls and Procedures](index=103&type=section&id=Item%209A.%20Controls%20and%20Procedures) Management concluded that disclosure controls and internal control over financial reporting were effective as of December 31, 2023, with no material changes reported - Management concluded that the company's disclosure controls and procedures were effective as of December 31, 2023[560](index=560&type=chunk) - Management concluded that the company's internal control over financial reporting was effective as of December 31, 2023, based on the COSO 2013 framework[563](index=563&type=chunk) - The Annual Report omits an auditor's attestation report on internal control over financial reporting due to exemptions for emerging growth companies and non-accelerated filers[564](index=564&type=chunk) [Other Information](index=104&type=section&id=Item%209B.%20Other%20Information) The company reports no other material information and no director or officer adopted or terminated a Rule 10b5-1 trading arrangement in Q4 2023 - No director or officer adopted or terminated a Rule 10b5-1 trading arrangement during the three months ended December 31, 2023[568](index=568&type=chunk) [Disclosure Regarding Foreign Jurisdictions that Prevent Inspections](index=104&type=section&id=Item%209C.%20Disclosure%20Regarding%20Foreign%20Jurisdictions%20that%20Prevent%20Inspections) This item is not applicable to the company - Not applicable[569](index=569&type=chunk) PART III [Directors, Executive Officers and Corporate Governance](index=105&type=section&id=Item%2010.%20Directors,%20Executive%20Officers%20and%20Corporate%20Governance) Information on directors, executive officers, and corporate governance is incorporated by reference from the 2024 Proxy Statement - Required information is incorporated by reference from the definitive Proxy Statement for the 2024 Annual Meeting of Stockholders[572](index=572&type=chunk) [Executive Compensation](index=105&type=section&id=Item%2011.%20Executive%20Compensation) Information regarding executive compensation is incorporated by reference from the 2024 Proxy Statement - Required information is incorporated by reference from the definitive Proxy Statement for the 2024 Annual Meeting of Stockholders[574](index=574&type=chunk) [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](index=105&type=section&id=Item%2012.%20Security%20Ownership%20of%20Certain%20Beneficial%20Owners%20and%20Management%20and%20Related%20Stockholder%20Matters) Information on security ownership by beneficial owners and management is incorporated by reference from the 2024 Proxy Statement - Required information is incorporated by reference from the definitive Proxy Statement for the 2024 Annual Meeting of Stockholders[575](index=575&type=chunk) [Certain Relationships and Related Transactions, and Director Independence](index=105&type=section&id=Item%2013.%20Certain%20Relationships%20and%20Related%20Transactions,%20and%20Director%20Independence) Information on certain relationships, related party transactions, and director independence is incorporated by reference from the 2024 Proxy Statement - Required information is incorporated by reference from the definitive Proxy Statement for the 2024 Annual Meeting of Stockholders[576](index=576&type=chunk) [Principal Accountant Fees and Services](index=105&type=section&id=Item%2014.%20Principal%20Accountant%20Fees%20and%20Services) Information on principal accountant fees and services is incorporated by reference from the 2024 Proxy Statement - Required information is incorporated by reference from the definitive Proxy Statement for the 2024 Annual Meeting of Stockholders[577](index=577&type=chunk) PART IV [Exhibits and Financial Statement Schedules](index=106&type=section&id=Item%2015.%20Exhibits%20and%20Financial%20Statement%20Schedules) This section lists exhibits filed with the Annual Report, with financial statement schedules omitted as information is included elsewhere - Financial statement schedules are omitted as they are not applicable or the information is already included in the financial statements[580](index=580&type=chunk) - The Exhibit Index lists all documents filed, including corporate governance documents, material contracts, and compensatory plans[581](index=581&type=chunk) [Form 10-K Summary](index=108&type=section&id=Item%2016.%20Form%2010-K%20Summary) The company reports that there is no Form 10-K summary - None[583](index=583&type=chunk)
Viant Achieved Carbon Neutrality for Calendar Year 2023
Businesswire· 2024-02-29 14:10
IRVINE, Calif.--(BUSINESS WIRE)--Viant Technology Inc. (NASDAQ: DSP), the leading people-based advertising technology company, today released its first Sustainability Report for the calendar year 2023. The Viant Sustainability Report recaps Viant’s efforts to decarbonize digital advertising last year, fostering better measurement, improved efficiency and facilitating investment in renewable energy. Viant also achieved a significant milestone by attaining carbon neutrality for the calendar year 2023. Vian ...