Revenue Performance - For the three months ended September 30, 2024, total revenue was $58.472 million, a 2.4% increase from $57.128 million for the same period in 2023[30] - For the nine months ended September 30, 2024, total revenue was $169.022 million, a decrease of 2.0% compared to $172.671 million for the same period in 2023[30] - Revenue from North America for the three months ended September 30, 2024, was $41.544 million, up 4.3% from $38.891 million in the same period of 2023[30] - International revenue for the three months ended September 30, 2024, was $16.928 million, down 7.2% from $18.237 million in the same period of 2023[30] - Net sales for the three months ended September 30, 2024, were $58.5 million, compared to $57.1 million for the same period in 2023, representing a 2.4% increase[77] - Approximately 30% of the Company's revenue for the nine months ended September 30, 2024, was derived from customers with billing addresses outside of the United States[155] Financial Position - Cash and cash equivalents totaled $278.5 million as of September 30, 2024, compared to $226.7 million as of December 31, 2023[38] - The balance of contract liabilities was $17.354 million as of September 30, 2024, compared to $14.721 million at December 31, 2023[31] - The fair value of short-term investments was $77.310 million as of September 30, 2024[36] - Total short-term investments as of September 30, 2024, amounted to $77.310 million, with a gross unrealized gain of $1.678 million[39] - The fair value of convertible senior notes as of September 30, 2024, is $407.117 million, compared to $347.087 million as of December 31, 2023[55] - As of September 30, 2024, the net carrying amount of the 2026 Notes is $409.139 million and the 2025 Notes is $3.015 million[52] Net Loss and Earnings - The company reported a net loss of $1.716 million for the three months ended September 30, 2024, compared to a net income of $1.742 million for the same period in 2023[46] - Basic net loss per common share for the three months ended September 30, 2024, was $(0.06), while it was $0.06 for the same period in 2023[46] - The Company recorded income tax expense of $3.5 million for the three months ended September 30, 2024, a decrease of approximately $3.1 million compared to the same period in 2023[75] Intangible Assets and Amortization - Total intangible assets as of September 30, 2024, were valued at $84.755 million, with accumulated amortization of $44.973 million[41] - The company expects amortization expense of intangible assets to total $84.755 million over the remaining useful lives[44] - Amortization expense for intangible assets was $6.6 million for both the nine months ended September 30, 2024, and 2023[41] - The company did not have any indications of impairment for goodwill or intangible assets as of September 30, 2024[40] Stock and Equity - The weighted average shares of common stock outstanding for the three months ended September 30, 2024, were 28,867,873[46] - As of September 30, 2024, the Company has reserved 2,613,628 shares of common stock for various stock options and restricted stock units[74] - There are 20,000 shares of common stock remaining subject to outstanding stock grants under the 2007 Stock Option and Incentive Plan as of September 30, 2024[64] - A total of 1,675,300 shares of common stock remain subject to outstanding stock-based grants under the 2017 Plan as of September 30, 2024[66] - As of September 30, 2024, the Company has 523,653 shares of common stock remaining available for issuance under the Employee Stock Purchase Plan (ESPP) after reserving 600,000 shares[67] - The total unrecognized compensation expense related to stock options and restricted stock units is $48.1 million, expected to be recognized over a weighted average period of 2.0 years[72] - For the nine months ended September 30, 2024, the Company granted 725,585 restricted stock units with a total grant-date fair value of $19.8 million[71] - The aggregate intrinsic value of options outstanding at September 30, 2024, is $495,575, calculated based on the fair value of the Company's common stock[70] Debt and Liabilities - As of September 30, 2024, approximately $3 million of the 2025 convertible notes remain outstanding after a repurchase of $48.3 million in August 2023[47] - The Company issued $201.3 million in 0.125% convertible senior notes due December 15, 2025, and $414 million in 0.0% convertible senior notes due December 15, 2026[47] - Total future minimum lease payments as of September 30, 2024, amount to $19.675 million, with current operating lease liabilities of $3.556 million and non-current liabilities of $13.933 million[59] - The total lease cost for the nine months ended September 30, 2024, is $3.114 million, compared to $3.175 million for the same period in 2023[60] - The weighted-average remaining lease term for operating leases is 3.0 years, with a weighted-average discount rate of 3.4%[61] Legal Matters - The Company is facing litigation related to the Merger Agreement, with two lawsuits filed claiming the Definitive Proxy Statement is materially incomplete and misleading[62] - The Company has determined to voluntarily supplement the Definitive Proxy Statement to eliminate the burden and expense of litigation[63] Accounting and Standards - The company is currently evaluating the impact of adopting new accounting standards effective after December 15, 2024[27] - The company maintains an allowance for credit losses based on historical collectability and current market conditions, which may impact future periods[24] - The expected volatility for the ESPP purchase rights is 42.27% as of September 30, 2024[72]

Group 1 - TechTarget (TTGT) shares increased by 10.6% to close at $27.83, with trading volume significantly higher than usual, compared to a 4.2% gain over the past four weeks [1] - The stock's appreciation is driven by optimism regarding demand for TechTarget's solutions and services, including a collaboration with G2 to launch G2 Techblend, which combines peer reviews and expert editorial content [2] - The upcoming quarterly earnings report is expected to show earnings of $0.33 per share, reflecting a year-over-year decline of 23.3%, while revenues are projected to be $58.03 million, an increase of 1.6% from the previous year [3] Group 2 - Trends in earnings estimate revisions are strongly correlated with near-term stock price movements, indicating that earnings growth expectations can signal potential stock strength [4] - The consensus EPS estimate for TechTarget has remained unchanged over the last 30 days, suggesting that the recent stock price increase may not be sustainable without changes in earnings estimates [5] - TechTarget is part of the Zacks Internet - Content industry, where another company, Airbnb, Inc. (ABNB), experienced a 1.1% decline in its stock price, despite a 14.7% return over the past month [5]

TechTarget, Inc. (NASDAQ:TTGT) Q2 2024 Results Conference Call August 8, 2024 5:00 PM ET Company Participants Charlie Rennick - VP, General Counsel and Corporate Secretary Greg Strakosch - Executive Chairman Mike Cotoia - CEO Dan Noreck - CFO Conference Call Participants Justin Patterson - KeyBanc Capital Markets Joshua Reilly - Needham Bruce Goldfarb - Lake Street Capital Markets Bhavin Shah - Deutsche Bank Operator Good afternoon. Thank you for attending today's TechTarget Reports Second Quarter 2024 Conf ...

分组1 - TechTarget reported quarterly earnings of $0.42 per share, exceeding the Zacks Consensus Estimate of $0.38 per share, but down from $0.45 per share a year ago, representing an earnings surprise of 10.53% [1] - The company posted revenues of $58.91 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 1.64% and showing an increase from $58.43 million year-over-year [2] - TechTarget has consistently surpassed consensus EPS and revenue estimates over the last four quarters [2] 分组2 - The stock has underperformed, losing about 17.2% since the beginning of the year, while the S&P 500 has gained 9% [3] - The current consensus EPS estimate for the upcoming quarter is $0.47 on revenues of $59.68 million, and for the current fiscal year, it is $1.75 on revenues of $233.6 million [7] - The Zacks Industry Rank for Internet - Content is in the bottom 20% of over 250 Zacks industries, indicating potential challenges for stock performance [8]

TechTarget's stock appreciated on continued optimism surrounding the demand for its solutions and services. The company is strengthening its services by teaming up with other companies. Earlier this year, it collaborated with G2 to introduce G2 Techblend. The new solution combines G2's software market peer reviews and TTGT's expert editorial to provide contextually relevant content experiences for researchers and users. TechTarget is part of the Zacks Internet - Content industry. Airbnb, Inc. (ABNB) , anoth ...

Company Participants Conference Call Participants Operator Charles Rennick The corresponding webcast as well as a replay of this conference call will be made available on the Investor Relations section of our website. Following Greg's introductory remarks, the management team will be available to answer questions. Any statements made today by TechTarget that are not factual, including during the Q&A, may be considered forward-looking statements. These forward-looking statements, which are subject to risks a ...

TechTarget (TTGT) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.41 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.33%. A quarter ago, it was expected that this operator of websites for information technology vendors would post earnings of $0.38 per share when it actually produced earnings of $0.42, delivering a surprise of 10.53% ...

NEWTON, Mass.--(BUSINESS WIRE)--Purchase intent-driven marketing and sales services company TechTarget, Inc. (Nasdaq: TTGT) today announced financial results for the three (3) months ended March 31, 2024 by posting them to our website. Please visit the Investor Relations section of our website at https://investor.techtarget.com to view our Letter to Shareholders with supplemental financial information.Conference Call and WebcastTechTarget will discuss these financial results in a conference call at 5:00 p.m ...

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, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Registrant's telephone number, including area code: (617) 431-9200 Former name, former address and formal fiscal year, if changed since last report: Not appl ...

We've achieved this growth by leveraging our leadership position and strong balance sheet during downturns to invest in the business to position us for the next recovery. To that end, we've continued to invest in high-quality content to serve the needs of enterprise technology teams who are researching software and SaaS solutions to meet their business requirements. Our content strategy continues to be validated by our Google organic search performance. Our organic traffic grew by 8% in the quarter, which w ...