Advantage Solutions Inc
For the period ended Mar 31, 2024. Filed May 10, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 10, 2024
ADV$32.29-2.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations and Comprehensive Loss
| Three Months Ended March 31, | ||
|---|---|---|
| (in thousands, except share and per share data) | 2024 | 2023 |
| Revenues | $879,003 | $944,382 |
| Cost of revenues (exclusive of depreciation and amortization shown separately below) | 763,872 | 826,855 |
| Selling, general, and administrative expenses | 89,664 | 56,289 |
| Depreciation and amortization | 51,540 | 54,494 |
| Income from unconsolidated investments | 689 | — |
| Total operating expenses | 905,765 | 937,638 |
| Operating (loss) income from continuing operations | (26,762) | 6,744 |
| Other expenses (income): | ||
| Change in fair value of warrant liability | 287 | (73) |
| Interest expense, net | 35,761 | 47,165 |
| Total other expenses | 36,048 | 47,092 |
| Loss from continuing operations before income taxes | (62,810) | (40,348) |
| Benefit from income taxes for continuing operations | (13,703) | (5,978) |
| Net loss from continuing operations | (49,107) | (34,370) |
| Net income (loss) from discontinued operations, net of tax | 45,992 | (13,308) |
| Net loss | (3,115) | (47,678) |
| Less: net income (loss) from discontinued operations attributable to noncontrolling interest | 2,192 | (91) |
| Net loss attributable to stockholders of Advantage Solutions Inc. | $(5,307) | $(47,587) |
| Net loss per common share: | ||
| Basic net loss per common share from continuing operations | $(0.15) | $(0.11) |
| Basic net income (loss) per common share from discontinued operations | $0.14 | $(0.04) |
| Basic net loss per common share attributable to stockholders of Advantage Solutions Inc. | $(0.02) | $(0.15) |
| Diluted net loss per share: | ||
| Diluted net loss per common share from continuing operations | $(0.15) | $(0.11) |
| Diluted net income (loss) per common share from discontinued operations | $0.14 | $(0.04) |
| Diluted net loss per common share attributable to stockholders of Advantage Solutions Inc. | $(0.02) | $(0.15) |
| Weighted-average number of common shares: | ||
| Basic | 321,458,155 | 321,135,117 |
| Diluted | 321,458,155 | 321,135,117 |
| Comprehensive (Loss) Income: | ||
| Net loss attributable to stockholders of Advantage Solutions Inc. | $(5,307) | $(47,587) |
| Other comprehensive loss, net of tax: | ||
| Foreign currency translation adjustments | (2,717) | 1,524 |
| Total comprehensive loss attributable to stockholders of Advantage Solutions Inc. | $(8,024) | $(46,063) |
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