TechTarget(TTGT)

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TechTarget(TTGT) - 2023 Q3 - Quarterly Report
2023-11-07 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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, 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: 1-33472 TECHTARGET, INC. (Exact name of registrant as specified in its charter) Delaware 04-3483216 (State or other jurisdiction ...
TechTarget(TTGT) - 2023 Q2 - Earnings Call Transcript
2023-08-09 02:22
Thank you. Thank you, Charlie. We are pleased that we hit our Q2 2023 forecast despite the continued macro weakness in the technology market during the quarter. While it's too early to say that we are seeing a recovery, we believe the environment feels like it is stabilizing. We are maintaining our previous guidance for 2023. While nobody wishes for a downturn, historically, we've taken advantage of these down cycles by using our market leadership and strong balance sheet to reinvest and optimize the busine ...
TechTarget(TTGT) - 2023 Q2 - Quarterly Report
2023-08-07 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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: 1-33472 TECHTARGET, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organ ...
TechTarget(TTGT) - 2023 Q1 - Earnings Call Transcript
2023-05-13 17:15
Financial Data and Key Metrics Changes - GAAP revenue was approximately $57.1 million, a decrease of 16% [54] - Adjusted EBITDA was approximately $17.6 million, which is 31% of revenues [54] - Free cash flow was $14.7 million, representing 26% of growth [54] - The company is assuming about 30% EBITDA margin for the year [42] Business Line Data and Key Metrics Changes - The technology market continues to face weak demand, widespread layoffs, and budget cuts, impacting overall performance [55] - The company has seen a consistent performance in its content enablement business, which is a strong opportunity for growth [70] Market Data and Key Metrics Changes - The collapse of Silicon Valley Bank has increased negative sentiment among customers, particularly affecting VC-backed firms [40][61] - The enterprise B2B tech market is viewed as a long-term strong sector, despite current challenges [63] Company Strategy and Development Direction - The company is focusing on strategic investments in the Priority Engine platform, enhancing integrations and tracking ROI [18][19] - Investments are being made in AI capabilities to leverage first-party purchase intent data, which is expected to provide a competitive advantage [66][70] - The company aims to modernize sales and marketing departments to improve effectiveness and long-term growth margin expansion [15] Management's Comments on Operating Environment and Future Outlook - The management acknowledges the challenging macro environment and the impact of layoffs and budget cuts on customer spending [40][55] - There is a cautious outlook for the second half of the year, with visibility into current bookings but uncertainty about future improvements [6][8] - The management believes that the enterprise B2B tech market will eventually recover, allowing the company to capture upside opportunities [64] Other Important Information - The company is making concentrated investments in content and content enablement services to attract technology buyers who prefer relevant content over direct sales interactions [19][20] - The management emphasizes the importance of maintaining high-quality, relevant content to retain a competitive edge in the market [24][35] Q&A Session Summary Question: Can you comment on the macro assumptions embedded in the outlook? - The management is considering current customer behavior and market dynamics while providing guidance, acknowledging the uncertainty in the tech market [6][8] Question: What are the new product capabilities for Priority Engine? - The company is focusing on tech-enabled integrations and enhanced workflow tools to improve customer engagement and data access [9][10][11] Question: How is the company leveraging AI in its offerings? - The company has been using AI for several years and sees it as a way to enhance customer engagement and content strategy [29][66] Question: What is the impact of Silicon Valley Bank's collapse on customer confidence? - The management noted that many customers are VC-backed and are currently facing uncertainty, leading to cautious spending [61][62] Question: How does the company view the long-term prospects of the enterprise B2B tech market? - The management believes that the long-term outlook for the enterprise B2B tech sector remains strong despite current challenges [63]
TechTarget(TTGT) - 2023 Q1 - Quarterly Report
2023-05-08 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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 March 31, 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: 1-33472 TECHTARGET, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or orga ...
TechTarget(TTGT) - 2022 Q4 - Annual Report
2023-02-27 16:00
[PART I](index=3&type=section&id=PART%20I) [Business](index=3&type=section&id=Item%201.%20Business) TechTarget provides purchase intent-driven marketing and sales data to B2B technology companies, facing macroeconomic headwinds and implementing strategic growth initiatives [Business Overview](index=3&type=section&id=Business%20Overview) TechTarget delivers purchase intent-driven marketing and sales data to B2B tech companies, leveraging a content network and strategic acquisitions for growth - The company is a global data, software, and analytics leader for B2B companies, offering solutions to identify, reach, and influence enterprise technology decision-makers[12](index=12&type=chunk) - As of December 31, 2022, the company had approximately **30.2 million** registered members and users, an increase from **29.1 million** in 2021[14](index=14&type=chunk) - In 2022, the company delivered marketing and sales services to over **3,400** customers[15](index=15&type=chunk) - Recent strategic acquisitions include Xtelligent Healthcare Media (2021), BrightTALK (2020), The Enterprise Strategy Group (2020), and Data Science Central (2020) to enhance its purchase intent data capabilities[13](index=13&type=chunk) [Business and Industry Trends](index=4&type=section&id=Business%20and%20Industry%20Trends) The company's business, impacted by 2022 tech industry downturns and layoffs, anticipates long-term growth from sales/marketing modernization and privacy trends - The enterprise technology market materially worsened in 2022, with over **1,000** tech companies announcing layoffs, leading to a challenging selling environment with elongated sales cycles and budget freezes[18](index=18&type=chunk) - In December 2022, the company announced a headcount reduction of approximately **5%** of its workforce, expected to result in about **$7 million** in annual savings[18](index=18&type=chunk)[69](index=69&type=chunk) - Long-term growth is expected to be supported by trends including the modernization of sales/marketing with automation and first-party purchase intent data, growing privacy regulations, and younger buyers' preference for self-service research[19](index=19&type=chunk) [Our Solutions and Strategy](index=6&type=section&id=Our%20Solutions%20and%20Strategy) TechTarget offers IT Deal Alert and BrightTALK platforms, with a strategy focused on data-enabled innovation, long-term contracts, and international expansion - Key solutions include IT Deal Alert™ (data/software suite), Demand Solutions (content marketing), Brand Solutions (targeted advertising), Custom Content Creation, and the BrightTALK platform (webinars/virtual events)[29](index=29&type=chunk)[30](index=30&type=chunk) - The company's strategy is to enhance its position as a leader in purchase intent-driven marketing by innovating data-enabled services, expanding long-term contracts, growing into new sectors, expanding internationally, and pursuing strategic acquisitions[35](index=35&type=chunk)[36](index=36&type=chunk)[37](index=37&type=chunk) - Planned product improvements for 2023 include enhancements to the Salesforce interface, ROI dashboard, and sales alerts functions[36](index=36&type=chunk) [Platform, Content, and Customers](index=9&type=section&id=Platform%2C%20Content%2C%20and%20Customers) The company's platform, organized by specialized content categories, serves over 3,400 B2B tech customers, with no single customer dominating revenue - The content platform is organized into key market categories such as Security, Networking, Storage, Compute/IT Ops/DevOps, CIO/IT Strategy, Business Applications, Analytics & AI, Application Architecture, Channel, ESG, and Healthcare Technology[44](index=44&type=chunk)[45](index=45&type=chunk)[46](index=46&type=chunk) - The company served over **3,400** customers in 2022, with no single customer representing **10%** or more of total revenues for 2022, 2021, or 2020[50](index=50&type=chunk) [Competition, Regulation, and Human Capital](index=18&type=section&id=Competition%2C%20Regulation%2C%20and%20Human%20Capital) TechTarget navigates competition from diverse tech and media firms, adheres to evolving data privacy regulations, and recently restructured its global workforce - Key competitors include media companies (Ziff Davis, Foundry), data/analytics providers (6sense, Bombora, ZoomInfo), and webinar providers (ON24, LogMeIn)[57](index=57&type=chunk) - The company is subject to numerous data privacy and consumer protection laws, including the CAN-SPAM Act, TCPA, GDPR, and CCPA, which regulate its marketing and data collection activities[61](index=61&type=chunk)[62](index=62&type=chunk)[63](index=63&type=chunk)[64](index=64&type=chunk) - As of December 31, 2022, the company had approximately **1,000** full-time employees. A restructuring plan in December 2022 involved eliminating approximately **60** positions (**5%** of the workforce)[67](index=67&type=chunk)[69](index=69&type=chunk) - Revenue is seasonal, influenced by customer budget cycles, new product introductions, and a historical decrease in marketing activity during summer months[70](index=70&type=chunk) [Risk Factors](index=24&type=section&id=Item%201A.%20Risk%20Factors) The company faces risks from advertising dependence, short-term contracts, user retention, acquisition integration, evolving data privacy laws, cybersecurity threats, and significant indebtedness [Risks Related to Business and Operations](index=24&type=section&id=Risks%20Related%20to%20Business%20and%20Operations) Business risks include reliance on cyclical advertising, short-term contracts, search engine visibility, international operations, and intense competition - The primary source of revenue is purchase intent-driven advertising, which fluctuates with economic conditions, budgetary constraints, and the cyclical nature of advertising spending[77](index=77&type=chunk) - Business success is closely linked to the health of the enterprise technology industry, which is characterized by volatility, short product cycles, and rapid technological change[80](index=80&type=chunk) - A majority of customer contracts are short-term (typically six months or less) and can be terminated with minimal notice, creating revenue instability[82](index=82&type=chunk) - A significant portion of website traffic comes from internet search engines, making the business vulnerable to changes in search algorithms that could reduce visibility and traffic[86](index=86&type=chunk) [Risks Related to Acquisitions](index=29&type=section&id=Risks%20Related%20to%20Acquisitions) Acquisition risks involve integration challenges, business disruption, and failure to realize expected synergies, potentially increasing expenses and reducing growth - Acquisitions involve numerous risks, including difficulty assimilating operations and personnel, disruption of ongoing business, and potential failure to achieve expected synergies or cross-marketing benefits[98](index=98&type=chunk) - The ability to realize anticipated benefits from acquisitions depends on effective integration, which is a complex, costly, and time-consuming process that may disrupt business if implemented ineffectively[99](index=99&type=chunk) [Risks Related to Data Privacy, Security and Intellectual Property](index=30&type=section&id=Risks%20Related%20to%20Data%20Privacy%2C%20Security%20and%20Intellectual%20Property) Risks include IP infringement, third-party content liability, evolving data privacy laws, cybersecurity breaches, and dependence on unimpeded internet access - The company faces risks from evolving laws and standards related to marketing, data collection, and user privacy, such as GDPR, CCPA, and ePrivacy regulations, which could impose significant compliance costs and decrease revenue[106](index=106&type=chunk)[110](index=110&type=chunk)[113](index=113&type=chunk) - Cybersecurity breaches pose a significant threat, potentially resulting in the loss of confidential information, service disruptions, and significant legal and financial liability[126](index=126&type=chunk)[130](index=130&type=chunk) - The business is vulnerable to system failures, natural disasters, and other disruptions at its third-party data centers and cloud infrastructure providers, which could reduce traffic and negatively impact revenue[133](index=133&type=chunk) [Risks Related to Financial Matters](index=37&type=section&id=Risks%20Related%20to%20Financial%20Matters) Financial risks include goodwill impairment, stock price volatility, significant convertible note indebtedness, and substantial influence by a few major stockholders - As of December 31, 2022, the company had **$192.2 million** of goodwill and **$95.5 million** of net intangible assets, which are subject to impairment risk that could negatively impact earnings[139](index=139&type=chunk) - The company has significant indebtedness, with **$51 million** of 0.125% convertible senior notes due 2025 and **$414 million** of 0.0% convertible senior notes due 2026 outstanding as of December 31, 2022[144](index=144&type=chunk) - As of December 31, 2022, directors, executive officers, and significant stockholders beneficially own approximately **50%** of the outstanding common stock, giving them significant influence over stockholder matters[152](index=152&type=chunk) [Unresolved Staff Comments](index=40&type=section&id=Item%201B.%20Unresolved%20Staff%20Comments) The company confirms no unresolved staff comments from the SEC - None[153](index=153&type=chunk) [Properties](index=40&type=section&id=Item%202.%20Properties) The company leases its 68,000 sq ft global headquarters in Newton, MA, until 2029, alongside other international offices - The company's global headquarters is in a leased **68,000 square foot** office space in Newton, Massachusetts, with the lease term running through December 31, 2029[154](index=154&type=chunk) [Legal Proceedings](index=40&type=section&id=Item%203.%20Legal%20Proceedings) The company is not involved in any material legal proceedings, nor is it aware of any threatened litigation - The company is not currently a party to any material legal proceedings[155](index=155&type=chunk) [PART II](index=41&type=section&id=PART%20II) [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=41&type=section&id=Item%205.%20Market%20for%20Registrant%27s%20Common%20Equity%2C%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) The company's common stock trades on Nasdaq (TTGT), does not pay dividends, and repurchased **$33.8 million** in shares during Q4 2022 - The company's common stock is listed on the Nasdaq Global Market under the symbol "**TTGT**"[157](index=157&type=chunk) - The company has not paid cash dividends in the last three fiscal years and does not anticipate paying them in the foreseeable future, intending to retain earnings for business development[159](index=159&type=chunk) Issuer Purchases of Equity Securities (Q4 2022) | Period | Total Number of Shares Purchased | Average Price Paid Per Share | | :--- | :--- | :--- | | Oct 2022 | 80,760 | $63.15 | | Nov 2022 | 298,138 | $53.04 | | Dec 2022 | 297,848 | $43.39 | | **Total Q4** | **676,746** | **$50.00** | - In November 2022, the Board approved a new repurchase program authorizing up to **$200.0 million** in purchases of common stock or convertible senior notes. As of December 31, 2022, **$185.1 million** remained available under this program[165](index=165&type=chunk)[247](index=247&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=44&type=section&id=Item%207.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) FY2022 revenues grew **13%** to **$297.5 million**, with improved gross margin and operating income, and net income significantly increased due to non-recurring prior-year expenses [Overview and Business Trends](index=44&type=section&id=Overview%20and%20Business%20Trends) FY2022 revenues grew **13%** to **$297.5 million** amid macroeconomic challenges, with non-legacy customer growth and increased longer-term contracts Revenue and Adjusted Revenue (Non-GAAP) | Metric | 2022 | 2021 | % Change | | :--- | :--- | :--- | :--- | | Revenue (GAAP) | $297.5M | $263.4M | 13% | | Adjusted Revenue (Non-GAAP) | $299.2M | $274.9M | 9% | - The enterprise technology market materially worsened in 2022, leading to elongated sales cycles and budget freezes. In response, the company reduced its workforce by approximately **5%** in December 2022[178](index=178&type=chunk) - Revenues from legacy global customers (a cohort of 10 historically largest hardware companies) decreased by **2%** in 2022, while revenues from all other customers increased by **11%**[178](index=178&type=chunk) - Longer-term contracts accounted for **41%** of revenue in 2022, an increase from **40%** in 2021[175](index=175&type=chunk) [Results of Operations (2022 vs 2021)](index=51&type=section&id=Results%20of%20Operations%20(2022%20vs%202021)) FY2022 revenues grew **13%** to **$297.5 million**, gross profit increased **14%** to **$219.0 million**, and net income surged to **$41.6 million** due to the absence of a prior-year inducement expense - Revenue increased by **$34.1 million** (**13%**) in fiscal 2022, with **$25.6 million** from new customers and **$8.5 million** from existing customers[206](index=206&type=chunk) Key Financial Metrics (2022 vs 2021) | Metric | 2022 | 2021 | % Change | | :--- | :--- | :--- | :--- | | Total Revenues | $297.5M | $263.4M | 13% | | Gross Profit | $219.0M | $192.2M | 14% | | Gross Margin | 74% | 73% | +1 ppt | | Operating Income | $56.7M | $34.4M | 65% | | Net Income | $41.6M | $0.9M | 4284% | - Total operating expenses increased by **$4.4 million** (**3%**), which includes a new **$4.4 million** restructuring cost for a reduction in force, partially offset by a **$4.2 million** decrease in amortization expense[208](index=208&type=chunk) - Interest and other expense (income), net, changed by **$24.1 million**, from a **$23.3 million** expense in 2021 to a **$0.9 million** income in 2022, primarily due to the absence of the **$21.2 million** Inducement Expense incurred in 2021[213](index=213&type=chunk) [Results of Operations (2021 vs 2020)](index=53&type=section&id=Results%20of%20Operations%20(2021%20vs%202020)) FY2021 revenues surged **78%** to **$263.4 million**, driven by acquisitions and customer growth, but net income sharply declined to **$0.9 million** due to a **$21.2 million** inducement expense - Revenue increased by **$115.1 million** (**78%**) in fiscal 2021, driven by **$50.0 million** from the BrightTALK acquisition, a **$37 million** increase from existing customers, and a **$28 million** increase from new customers[215](index=215&type=chunk)[216](index=216&type=chunk) Key Financial Metrics (2021 vs 2020) | Metric | 2021 | 2020 | % Change | | :--- | :--- | :--- | :--- | | Total Revenues | $263.4M | $148.4M | 78% | | Gross Profit | $192.2M | $111.0M | 73% | | Gross Margin | 73% | 75% | -2 ppt | | Operating Income | $34.4M | $22.8M | 51% | | Net Income | $0.9M | $17.1M | -95% | - Gross profit margin decreased from **75%** to **73%**, primarily due to purchase accounting adjustments on acquired deferred revenue from recent acquisitions[218](index=218&type=chunk) - Interest and other expense, net, increased by **$23.0 million**, primarily due to a **$21.2 million** inducement expense incurred in connection with the retirement of a portion of the 2025 Notes[222](index=222&type=chunk) [Liquidity and Capital Resources](index=55&type=section&id=Liquidity%20and%20Capital%20Resources) The company ended 2022 with **$364.7 million** in cash and investments, strong operating cash flow, and **$465 million** in convertible notes, while DSO increased to **76 days** Cash Flow Summary (in thousands) | Activity | 2022 | 2021 | 2020 | | :--- | :--- | :--- | :--- | | Net cash provided by operating activities | $90,702 | $81,699 | $52,453 | | Net cash used in investing activities | $(14,450) | $(56,984) | $(175,747) | | Net cash provided by (used in) financing activities | $(92,958) | $254,459 | $153,366 | - Cash and investments totaled **$364.7 million** at year-end 2022, a decrease of **$17.0 million** from 2021, primarily due to cash used for stock buybacks[227](index=227&type=chunk)[228](index=228&type=chunk) - Days Sales Outstanding (DSO) increased to **76 days** at Dec 31, 2022, compared to **60 days** at Dec 31, 2021, attributed to the timing of customer payments[230](index=230&type=chunk) - In 2022, the company used **$79 million** for share repurchases under its stock buyback programs[241](index=241&type=chunk) - The company has a **$75 million** revolving credit facility which was undrawn as of December 31, 2022[259](index=259&type=chunk) [Critical Accounting Policies](index=48&type=section&id=Critical%20Accounting%20Policies) Critical accounting policies involve significant judgments in revenue recognition, goodwill impairment testing, business combinations, and stock-based compensation valuation - Revenue Recognition: The company uses stand-alone selling price (SSP) to allocate transaction prices among performance obligations in bundled contracts, requiring judgment based on historical pricing and market conditions[191](index=191&type=chunk) - Goodwill and Long-Lived Assets: Goodwill is tested for impairment annually at the entity level. As of December 31, 2022, no impairment was indicated[195](index=195&type=chunk) - Stock-Based Compensation: The fair value of stock option awards is determined using the Black-Scholes model, with key assumptions for expected volatility (**44%** in 2022) and expected term (**6 years**)[199](index=199&type=chunk) - Internal-Use Software and Website Development Costs: The company capitalized **$12.9 million** in costs for internal-use software and website development in 2022, up from **$11.5 million** in 2021[201](index=201&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=59&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) Primary market risks are foreign currency and interest rates, with a **10%** adverse currency movement having an immaterial impact on operating income - Foreign Currency Risk: Approximately **25%** of 2022 revenues were from customers with billing addresses outside the U.S. A **10%** unfavorable movement in foreign exchange rates would have decreased operating income by less than **$450 thousand**[263](index=263&type=chunk) - Interest Rate Risk: The company's convertible notes bear a fixed interest rate. The undrawn line of credit has a variable rate. Due to the short-term nature of its **$364.7 million** in cash and investments, exposure to changes in fair value from interest rate changes is considered immaterial[265](index=265&type=chunk) [Financial Statements and Supplementary Data](index=60&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) This section presents audited consolidated financial statements for 2020-2022, including balance sheets, income statements, and cash flows, with an unqualified auditor's opinion [Consolidated Financial Statements](index=63&type=section&id=Consolidated%20Financial%20Statements) The consolidated financial statements show **$764.7 million** in total assets, **$297.5 million** in revenues, and **$41.6 million** in net income for 2022 Consolidated Balance Sheet Highlights (As of Dec 31, 2022) | Account | Amount (in thousands) | | :--- | :--- | | Cash and cash equivalents | $344,523 | | Total Assets | $764,717 | | Convertible senior notes | $455,694 | | Total Liabilities | $547,243 | | Total Stockholders' Equity | $217,474 | Consolidated Statement of Income Highlights (Year Ended Dec 31, 2022) | Account | Amount (in thousands) | | :--- | :--- | | Total Revenues | $297,488 | | Gross Profit | $219,000 | | Operating Income | $56,693 | | Net Income | $41,609 | | Diluted EPS | $1.30 | [Notes to Consolidated Financial Statements](index=68&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) Notes detail accounting policies, revenue disaggregation, acquisition impacts, debt terms for **$414 million** and **$51 million** convertible notes, and stock-based compensation - In 2022, North American revenue was **$189.9 million** and International revenue was **$107.6 million**. Revenue from longer-term contracts was **$123.4 million**[328](index=328&type=chunk)[330](index=330&type=chunk) - The company has two outstanding convertible senior notes: **$51.4 million** principal of 0.125% notes due 2025 and **$414 million** principal of 0.00% notes due 2026[350](index=350&type=chunk) - As of December 31, 2022, there was **$82.4 million** of total unrecognized compensation expense related to stock options and restricted stock units, expected to be recognized over a weighted average period of **1.9 years**[377](index=377&type=chunk) - The company's effective tax rate for 2022 was **27.7%**, compared to **91.0%** in 2021, primarily due to the non-recurrence of a large non-deductible inducement expense from 2021[214](index=214&type=chunk)[388](index=388&type=chunk) [Controls, Procedures and Other Information](index=95&type=section&id=Item%209.%20Changes%20in%20and%20Disagreements%20with%20Accountants%20on%20Accounting%20and%20Financial%20Disclosure) The company reports no changes or disagreements with accountants, and management concluded disclosure controls and internal controls were effective as of December 31, 2022 - The CEO and CFO concluded that the company's disclosure controls and procedures were effective as of December 31, 2022[401](index=401&type=chunk) - Management concluded that as of December 31, 2022, the company's internal control over financial reporting was effective[406](index=406&type=chunk) - There were no changes in internal control over financial reporting during the fourth quarter of 2022 that have materially affected, or are reasonably likely to materially affect, internal controls[402](index=402&type=chunk) [PART III](index=96&type=section&id=PART%20III) [Directors, Executive Compensation, and Corporate Governance](index=96&type=section&id=Items%2010-14) Information for Items 10-14, covering directors, executive compensation, and corporate governance, is incorporated by reference from the 2023 Proxy Statement - Information regarding Directors, Executive Officers, Corporate Governance, Executive Compensation, Security Ownership, and Principal Accountant Fees and Services is incorporated by reference from the company's 2023 Proxy Statement[410](index=410&type=chunk)[412](index=412&type=chunk)[413](index=413&type=chunk)[414](index=414&type=chunk)[415](index=415&type=chunk) - The company has a Code of Business Conduct and Ethics applicable to all employees, officers, and directors, which is available on its investor relations website[411](index=411&type=chunk) [PART IV](index=97&type=section&id=PART%20IV) [Exhibits and Financial Statement Schedules](index=97&type=section&id=Item%2015.%20Exhibits%2C%20Financial%20Statement%20Schedules) This section lists Form 10-K exhibits, including consolidated financial statements, with schedules omitted as not required - The consolidated financial statements are included in Item 8. Financial statement schedules have been omitted as they are not required or the information is provided elsewhere[417](index=417&type=chunk) [Form 10-K Summary](index=102&type=section&id=Item%2016.%20Form%2010-K%20Summary) The company has not provided a summary for Form 10-K - None[424](index=424&type=chunk)
TechTarget(TTGT) - 2022 Q4 - Earnings Call Transcript
2023-02-09 17:48
Our next question is from Joshua Reilly from Needham. Our next question is from Bryan Bergin from Cowen. Charles Rennick - VP, General Counsel & Corporate Secretary Justin Patterson - KeyBanc Capital Markets Bhavin Shah - Deutsche Bank Zack Ajzenman - Cowen and Company Thank you, Lauren, and good morning. Joining me today are Greg Strakosch, our Executive Chairman; Mike Cotoia, our CEO; and Dan Noreck, our CFO. Forward-looking statements involve a number of risks and uncertainties, including those discussed ...
TechTarget(TTGT) - 2022 Q3 - Earnings Call Transcript
2022-11-10 02:33
TechTarget Inc. (NASDAQ:TTGT) Q3 2022 Results Conference Call November 9, 2022 5:00 PM ET Company Participants Charles Rennick - VP, General Counsel and Corporate Secretary Greg Strakosch - Co-Founder and Executive Chairman Mike Cotoia - CEO and Director Daniel Noreck - CFO and Treasurer Conference Call Participants Justin Patterson - KeyBanc Aaron Kessler - Raymond James Bhavin Shah - Deutsche Bank Max Michaelis - Lake Street Capital Greg Burns - Sidoti & Co Operator Good afternoon, and thank you for atten ...
TechTarget(TTGT) - 2022 Q3 - Quarterly Report
2022-11-08 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☐ 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: 1-33472 TECHTARGET, INC. (Exact name of registrant as specified in its charter) Delaware 04-3483216 (State or other jurisdiction of incorporation or organization) WASHINGTON, DC 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 p ...
TechTarget(TTGT) - 2022 Q2 - Earnings Call Transcript
2022-08-07 08:56
TechTarget, Inc. (NASDAQ:TTGT) Q2 2022 Earnings Conference Call August 4, 2022 9:00 AM ET Company Participants Charlie Rennick - General Counsel Greg Strakosch - Executive Chairman Mike Cotoia - CEO Dan Noreck – CFO Conference Call Participants Justin Patterson - KeyBanc Aaron Kessler - Raymond James Jason Kreyer - Craig-Hallum Joshua Reilly - Needham & Co. Zach Ajzenman - Cowen Eric Martinuzzi - Lake Street Operator Good morning, and welcome to today's TechTarget Reports Second Quarter 2022 Conference Call ...