Montrose Environmental Group Inc

For the period ended Dec 31, 2023. Filed Feb 29, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 29, 2024

ONT$23.59+7.6%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Statements of Operations and Comprehensive Loss

CONSOLIDATED STATEM ENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(In thousands, except per share data)

	Year Ended December 31,
	2023	2022	2021
REVENUES	$624,208	$544,416	$546,413
COST OF REVENUES (exclusive of depreciation and amortization)	383,903	351,882	369,028
SELLING, GENERAL AND ADMINISTRATIVE EXPENSE	222,861	176,295	117,658
FAIR VALUE CHANGES IN BUSINESS ACQUISITION CONTINGENCIES	84	(3,227)	24,372
DEPRECIATION AND AMORTIZATION	45,780	47,479	44,810
LOSS FROM OPERATIONS	(28,420)	(28,013)	(9,455)
OTHER EXPENSE:
Other income (expense)	4,374	3,683	(2,546)
Interest expense—net	(7,793)	(5,239)	(11,615)
Total other expenses—net	(3,419)	(1,556)	(14,161)
LOSS BEFORE (BENEFIT) EXPENSE FROM INCOME TAXES	(31,839)	(29,569)	(23,616)
INCOME TAX (BENEFIT) EXPENSE	(980)	2,250	1,709
NET LOSS	$(30,859)	$(31,819)	$(25,325)
EQUITY ADJUSTMENT FROM FOREIGN CURRENCY TRANSLATION	(231)	(28)	(35)
COMPREHENSIVE LOSS	$(31,090)	$(31,847)	$(25,360)
CONVERTIBLE AND REDEEMABLE SERIES A-2 PREFERRED STOCK DIVIDEND	(16,400)	(16,400)	(16,400)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	$(47,259)	$(48,219)	$(41,725)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING—BASIC AND DILUTED	30,058	29,688	26,724
NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS— BASIC AND DILUTED	$(1.57)	$(1.62)	$(1.56)

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.