COMSCORE INC
For the period ended Dec 31, 2024. Filed Mar 6, 2025.
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FY2024 · Filed Mar 6, 2025
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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
| Years Ended December 31, | |||
|---|---|---|---|
| (In thousands, except share and per share data) | 2024 | 2023 | 2022 |
| Revenues (1) | $356,047 | $371,343 | $376,423 |
| Cost of revenues (1) (2) (3) | 208,708 | 205,580 | 205,294 |
| Selling and marketing (2) (3) | 57,622 | 63,322 | 68,453 |
| Research and development (2) (3) | 33,066 | 33,701 | 36,987 |
| General and administrative (2) (3) | 47,679 | 51,192 | 61,200 |
| Amortization of intangible assets | 3,057 | 5,213 | 27,096 |
| Impairment of goodwill | 63,000 | 78,200 | 46,300 |
| Impairment of right-of-use and long-lived assets | 1,397 | 1,502 | 156 |
| Restructuring | 1,027 | 6,234 | 5,810 |
| Total expenses from operations | 415,556 | 444,944 | 451,296 |
| Loss from operations | (59,509) | (73,601) | (74,873) |
| Interest expense, net | (1,883) | (1,445) | (915) |
| Other income, net | 651 | 42 | 9,785 |
| Gain (loss) from foreign currency transactions | 1,417 | (2,824) | 1,166 |
| Loss before income taxes | (59,324) | (77,828) | (64,837) |
| Income tax provision | (924) | (1,533) | (1,724) |
| Net loss | $(60,248) | $(79,361) | $(66,561) |
| Net loss available to common stockholders: | |||
| Net loss | $(60,248) | $(79,361) | $(66,561) |
| Convertible redeemable preferred stock dividends (1) | (17,600) | (16,270) | (15,513) |
| Total net loss available to common stockholders | $(77,848) | $(95,631) | $(82,074) |
| Net loss per common share (4): | |||
| Basic and diluted | $(15.53) | $(19.88) | $(17.71) |
| Weighted-average number of shares used in per share calculation - Common Stock (4): | |||
| Basic and diluted | 5,014,049 | 4,811,233 | 4,634,178 |
| Comprehensive loss: | |||
| Net loss | $(60,248) | $(79,361) | $(66,561) |
| Other comprehensive loss: | |||
| Foreign currency cumulative translation adjustment | (3,958) | 1,830 | (3,842) |
| Total comprehensive loss | $(64,206) | $(77,531) | $(70,403) |
(1) Transactions with related parties are included in the line items above as follows (refer to Footnote 13, Related Party Transactions, for further information):
| Years Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenues | $10,217 | $11,420 | $14,934 |
| Cost of revenues | 30,450 | 29,265 | 26,971 |
| Convertible redeemable preferred stock dividends | (17,600) | (16,270) | (15,513) |
(2) Excludes amortization of intangible assets, which is presented separately in the Consolidated Statements of Operations and Comprehensive Loss.
(3) Stock-based compensation expense is included in the line items above as follows:
| Years Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cost of revenues | $221 | $533 | $1,144 |
| Selling and marketing | 126 | 380 | 1,021 |
| Research and development | 161 | 411 | 827 |
| General and administrative | 2,683 | 3,211 | 5,186 |
| Total stock-based compensation expense | $3,191 | $4,535 | $8,178 |
(4)Adjusted retroactively for the Reverse Stock Split, refer to Footnote 2, Summary of Significant Accounting Policies.
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