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National Research (NRC) - 2024 Q4 - Annual Results

Financial Performance - Revenue for Q4 2024 was approximately $36.9 million, a decrease of 2.9% compared to approximately $38.0 million in Q4 2023[3] - Earnings per diluted share for Q4 2024 were $0.28, down from $0.36 in Q4 2023, representing a decline of 22.2%[3] - Net income for Q4 2024 was $6.6 million, a decrease of 25.8% from $8.9 million in Q4 2023[8] - Total operating expenses for Q4 2024 were approximately $27.3 million, an increase of 3.9% compared to $26.3 million in Q4 2023[8] Shareholder Returns - The company returned approximately $10.1 million to shareholders through dividends and stock repurchases during the quarter[4] - The company repurchased approximately 393,000 shares for about $7.3 million and paid a regular quarterly dividend of $0.12 per share, totaling approximately $2.8 million[4] Contract Value and Debt - Total recurring contract value (TRCV) was approximately $133.2 million as of December 31, 2024[3] - The company's net indebtedness was approximately $58.5 million as of December 31, 2024[3] Assets and Equity - Total assets increased to $132.5 million as of December 31, 2024, compared to $122.4 million in 2023[10] - Shareholders' equity decreased to $31.3 million as of December 31, 2024, down from $49.0 million in 2023[10]