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comScore(SCOR) - 2023 Q2 - Quarterly Report
2023-08-08 23:45
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________ FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-33520 _____________________________________________ COMSCORE, IN ...
comScore(SCOR) - 2023 Q1 - Earnings Call Transcript
2023-05-13 21:44
comScore, Inc. (NASDAQ:SCOR) Q1 2023 Results Conference Call May 9, 2023 5:00 PM ET Company Participants John Tinker - Vice President of Investor Relations Jon Carpenter - Chief Executive Officer Mary Margaret - CFO Steve Bagdasarian - EVP, Growth Conference Call Participants Cal Bartyzal - Craig-Hallum Capital Group Surinder Thind - Jefferies Laura Martin - Needham Operator Good day, and thank you for standing by. Welcome to the Comscore First Quarter 2023 Financial Results Conference Call [Operator Instru ...
comScore(SCOR) - 2023 Q1 - Quarterly Report
2023-05-09 23:02
_____________________________________________ FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-33520 _____________________________________________ COMSCORE, I ...
comScore(SCOR) - 2022 Q4 - Earnings Call Transcript
2023-03-03 20:47
comScore, Inc. (NASDAQ:SCOR) Q4 2022 Results Conference Call February 28, 2023 5:00 PM ET Company Participants John Tinker - Vice President of Investor Relations Jon Carpenter - Chief Executive Officer Greg Dale - Chief Operating Officer Mary Margaret Curry - Chief Financial Officer Steve Bagdasarian - Lead Growth and Business Development Conference Call Participants Laura Martin - Needham & Company Jason Kreyer - Craig-Hallum Matthew Thornton - Truist Logan Schuh - Jefferies Operator Good day, and thank yo ...
comScore(SCOR) - 2022 Q4 - Annual Report
2023-03-02 01:04
Financial Performance - Total revenues for 2022 were $376,423 thousand, an increase of 2% from $367,013 thousand in 2021 [353]. - The net loss for 2022 was $66,561 thousand, compared to a net loss of $50,037 thousand in 2021, reflecting a 33% increase in losses [353]. - The total comprehensive loss for 2022 was $70,403 thousand, compared to $55,105 thousand in 2021, reflecting an increase of 28% [353]. - The company reported a loss per common share of $0.89 for 2022, compared to a loss of $0.78 per share in 2021 [353]. - The company’s accumulated deficit increased to $1,300,789 thousand in 2022 from $1,218,715 thousand in 2021, indicating a worsening financial position [352]. - Total stockholders' equity decreased significantly to $144,162 thousand in 2022 from $223,176 thousand in 2021, a drop of approximately 35% [352]. Cash and Liquidity - The company has $20.4 million in cash and cash equivalents, with $10.6 million held by foreign subsidiaries, potentially subject to a 5% to 15% income tax withholding if repatriated [325]. - Cash and cash equivalents decreased to $20,044 thousand in 2022 from $21,854 thousand in 2021, a decline of about 8% [352]. - The company reported net cash provided by operating activities of $34,937 thousand in 2022, an increase from $9,856 thousand in 2021 [358]. - The total cash, cash equivalents, and restricted cash at the end of 2022 was $20,442 thousand, compared to $22,279 thousand in 2021 [358]. Goodwill and Impairment - The company recorded a non-cash goodwill impairment charge of $46.3 million during the three months ended September 30, 2022, due to the estimated fair value of its reporting unit being less than its carrying value [343]. - Goodwill impairment recorded in 2022 amounted to $46,300 thousand, while there was no impairment in 2021 [353]. - The Company recognized an impairment of goodwill amounting to $46,300 thousand in 2022, while there were no impairments recorded in 2021 and 2020 [358]. Revenue Recognition - The company’s revenue recognition involves complex contracts with multiple performance obligations, requiring significant management judgment [336]. - The Company recognizes revenue based on the transfer of control to customers, reflecting the consideration expected to be entitled [421]. - The Company recognizes revenue for subscription-based products on a straight-line basis over the access period specified in the contract [427]. - Revenue recognition for impression-based products is typically based on time elapsed or volume of impressions processed during a discrete period [427]. - Contract liabilities relate to amounts billed in advance under non-cancelable contracts, with the portion to be recognized in the succeeding twelve-month period presented separately within current liabilities [432]. Foreign Currency and Market Risks - A 10% decrease in foreign currency values would decrease the company's net loss by approximately $9.6 million, while a 10% increase would increase the net loss by approximately $5.2 million for the year ended December 31, 2022 [324]. - The company has not engaged in any transactions to hedge foreign currency exchange rate risk, exposing it to adverse changes in exchange rates [323]. - As of December 31, 2022, the company had outstanding warrants with a liability of $0.7 million, which are subject to market risk based on the price of its Common Stock [320]. Debt and Credit Facilities - The company’s borrowings under the Revolving Credit Agreement bore interest at a variable rate, which increased from Daily SOFR plus 2.50% to Daily SOFR plus 3.50% as of February 24, 2023 [318]. - The Revolving Credit Agreement was amended in February 2022 to expand borrowing capacity from $25.0 million to $40.0 million [510]. - The Company is required to maintain a minimum Consolidated EBITDA of not less than $20.0 million for the most recent four fiscal quarters as of December 31, 2022 [511]. Stock and Equity - The Company issued 27,509,203 shares of Preferred Stock to Charter, Qurate, and Pine for a total of $204.0 million in March 2021 [472]. - The Company recognized $15.5 million in dividends paid to holders of Preferred Stock for the year ended December 31, 2022 [456]. - The holders of Preferred Stock are entitled to a cumulative dividend at a rate of 7.5% per annum, payable annually in arrears [479]. - The maximum number of shares available for future issuance under the 2018 Equity and Incentive Compensation Plan as of December 31, 2022, is 5,693,104 [496]. Acquisitions - The Company acquired Shareablee for a total consideration of $31.4 million, including $5.6 million for contingent consideration based on future performance [388]. - The goodwill recorded from the Shareablee acquisition was $19.2 million, reflecting expected cost synergies and the value of the acquired workforce [460]. - Shareablee contributed revenues of $0.4 million and a loss before income tax provision of $1.4 million for the year ended December 31, 2021 [464].
comScore(SCOR) - 2022 Q3 - Earnings Call Transcript
2022-11-09 02:30
comScore, Inc. (NASDAQ:SCOR) Q3 2022 Earnings Conference Call November 8, 2022 5:00 PM ET Company Participants John Tinker – Vice President of Investor Relations Jon Carpenter – Chief Executive Officer Mary Margaret – Chief Financial Officer Conference Call Participants Laura Martin – Needham Operator Please keep in mind this conference is being recorded. I would now like to hand the conference over to your speaker, John Tinker, Vice President of Investor Relations. Please go ahead. John Tinker Thank you, o ...
comScore(SCOR) - 2022 Q3 - Quarterly Report
2022-11-09 02:01
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q _____________________________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification Number) Delaware 54-195555 ...
comScore(SCOR) - 2022 Q3 - Earnings Call Presentation
2022-11-08 23:07
| --- | --- | --- | --- | |---------------------------------------------------------|---------------------------------------------------------------|---------------------------------------------------------------|-------| | | | | | | | | | | | Jon Carpenter C H I E F E X E C U T I V E O F F I C E R | Third Quarter 2022 Earnings Call N O V E M B E R 8 , 2 0 2 2 | Mary Margaret Curry C H I E F F I N A N C I A L O F F I C E R | | | | | | | Cautionary Note Regarding Forward-Looking Statements This presentation ...
comScore(SCOR) - 2022 Q2 - Earnings Call Transcript
2022-08-13 18:58
comScore, Inc. (NASDAQ:SCOR) Q2 2022 Results Conference Call August 9, 2022 5:00 PM ET Company Participants John Tinker - Investor Relations Jon Carpenter - Chief Executive Officer Mary Margaret Curry - Chief Financial Officer Carol Hinnant - Chief Revenue Officer Tania Yuki - Chief Marketing Officer & EVP of Digital David Algranati - Chief Product Officer Greg Dale - Chief Operating Officer Conference Call Participants Surinder Thind - Jefferies Operator Good day, and thank you for standing by. Welcome to ...
comScore(SCOR) - 2022 Q2 - Quarterly Report
2022-08-09 21:03
For the transition period from to Commission file number: 001-33520 _____________________________________________ COMSCORE, INC. Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________ FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 19 ...