Outbrain Inc
For the period ended Mar 31, 2024. Filed May 9, 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 9, 2024
TEAD$0.19-0.6%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
(In thousands, except for share and per share data)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenue | $216,964 | $231,774 |
| Cost of revenue: | ||
| Traffic acquisition costs | 164,810 | 179,576 |
| Other cost of revenue | 10,559 | 11,043 |
| Total cost of revenue | 175,369 | 190,619 |
| Gross profit | 41,595 | 41,155 |
| Operating expenses: | ||
| Research and development | 9,193 | 9,311 |
| Sales and marketing | 23,784 | 25,748 |
| General and administrative | 15,215 | 15,406 |
| Total operating expenses | 48,192 | 50,465 |
| Loss from operations | (6,597) | (9,310) |
| Other income (expense), net: | ||
| Interest expense | (937) | (1,867) |
| Interest income and other income, net | 1,405 | 3,860 |
| Total other income, net | 468 | 1,993 |
| Loss before benefit from income taxes | (6,129) | (7,317) |
| Benefit from income taxes | (1,088) | (1,712) |
| Net loss | $(5,041) | $(5,605) |
| Weighted average shares outstanding: | ||
| Basic | 49,265,012 | 51,435,289 |
| Diluted | 49,265,012 | 51,435,289 |
| Net loss per common share: | ||
| Basic | $(0.10) | $(0.11) |
| Diluted | $(0.10) | $(0.11) |
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