comScore(SCOR) - 2024 Q4 - Annual Results

Revenue Performance - Q4 2024 revenue was $94.9 million, a slight decrease of 0.2% from $95.1 million in Q4 2023[4] - Full year 2024 revenue totaled $356.0 million, down 4.1% compared to $371.3 million in 2023[7] - Total revenues for 2024 were $356,047, a decrease of 4.3% from $371,343 in 2023[30] - Revenues from Syndicated Audience for the year ended December 31, 2024, were $260,654, representing 73.2% of total revenue[37] - Cross-Platform revenue increased by 19.7% year-over-year, reaching $40,470 for the year ended December 31, 2024[37] - Cross-platform revenue grew 21.7% in Q4 2024 compared to Q4 2023, indicating strong demand for cross-platform products[4] Net Income and Loss - Net income for Q4 2024 was $3.1 million, a significant improvement from a net loss of $28.4 million in Q4 2023[6] - Full year net loss for 2024 was $60.2 million, compared to a net loss of $79.4 million in 2023[12] - Net loss for 2024 was $60,248, compared to a net loss of $79,361 in 2023, representing a 24.1% improvement[30] - The company reported a basic and diluted net loss per common share of $15.53 for 2024, compared to $19.88 in 2023[30] - GAAP net loss for Q4 2024 was $3,144 compared to a net loss of $28,399 in Q4 2023, showing a significant improvement[35] - Total comprehensive loss for 2024 was $64,206, compared to $77,531 in 2023, reflecting a 17.1% improvement[30] - The net loss margin improved to 3.3% in Q4 2024 from (29.9)% in Q4 2023[36] EBITDA and Margins - Adjusted EBITDA for Q4 2024 was $17.2 million, up from $16.4 million in Q4 2023, resulting in an adjusted EBITDA margin of 18.1%[9] - Non-GAAP adjusted EBITDA for Q4 2024 was $17,171, compared to $16,444 in Q4 2023, indicating a positive trend[36] - Adjusted EBITDA margin for 2025 is anticipated to be between 12% and 15%[18] - Non-GAAP FX adjusted EBITDA for Q4 2024 was $14,246, down from $18,724 in Q4 2023[36] Cash and Assets - Cash, cash equivalents, and restricted cash as of December 31, 2024, totaled $33.5 million, an increase from $22.9 million at the end of 2023[7] - Cash and cash equivalents rose to $29,937 in 2024, up from $22,750 in 2023, marking a 31.8% increase[32] - Total current assets increased to $108,057 in 2024 from $97,990 in 2023, reflecting an increase of 10.9%[28] Liabilities and Equity - Total liabilities decreased to $231,040 in 2024 from $247,307 in 2023, a reduction of 6.6%[28] - Total stockholders' equity shifted from a surplus of $56,103 in 2023 to a deficit of $8,263 in 2024[28] Operational Expenses - Total expenses from operations decreased to $91,035 in Q4 2024 from $119,563 in Q4 2023[35] - Net cash provided by operating activities was $18,104 in 2024, down from $28,926 in 2023, a decline of 37.2%[32] Financing and Future Outlook - The company expects full year 2025 revenue to be between $360 million and $370 million, driven by growth in Content & Ad Measurement revenue[18] - The company entered a senior secured financing agreement providing a borrowing capacity of $60.0 million to strengthen its cash position for future growth[15] Goodwill and Impairment - Impairment of goodwill was recorded at $63,000 in 2024, down from $78,200 in 2023, indicating a 19.3% decrease[30] Stock-Based Compensation - Stock-based compensation expense for Q4 2024 was $924, up from $716 in Q4 2023[35]