Comscore, Inc. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>Comscore, Inc. filed its Q1 2024 10-Q report detailing financial performance and balance sheet information.</b>

AI Summary

COMSCORE, INC. (SCOR) filed a Quarterly Report (10-Q) with the SEC on May 10, 2024. Comscore, Inc. reported its Q1 2024 results on May 10, 2024. The filing covers the period from January 1, 2024, to March 31, 2024. Financial data for the first quarter of 2024 and comparative periods are included. Balance sheet information as of March 31, 2024, and prior periods is presented. Details on common stock, additional paid-in capital, and retained earnings are provided.

Why It Matters

For investors and stakeholders tracking COMSCORE, INC., this filing contains several important signals. This 10-Q filing provides investors with the latest quarterly financial snapshot of Comscore, Inc., crucial for understanding recent performance and financial health. The detailed financial statements and balance sheet data allow stakeholders to assess the company's operational efficiency, profitability, and overall financial position.

Risk Assessment

Risk Level: medium — COMSCORE, INC. shows moderate risk based on this filing. The filing is a standard quarterly report (10-Q), which typically contains routine financial information. However, the absence of specific financial performance metrics like revenue or net income in the provided snippet prevents a deeper risk assessment.

Analyst Insight

Review the full 10-Q filing for detailed financial statements, including revenue, expenses, and profitability, to assess Comscore's current financial health and operational trends.

Key Numbers

• 2024-03-31 — Period End Date (Quarterly report period)
• 2024-05-10 — Filing Date (Date the report was filed)
• 001-33520 — SEC File Number (Comscore's SEC file number)

Key Players & Entities

• COMSCORE, INC. (company) — Filer name
• 0001158172 (company) — Central Index Key
• 703-438-2000 (company) — Business phone number
• 2024-03-31 (date) — Period of report
• 2024-05-10 (date) — Filing date

FAQ

Risk Factors

• Regulatory Compliance [medium — regulatory]: The company must comply with various SEC regulations and reporting requirements for its filings.
• Market Competition [high — market]: Comscore operates in a competitive market for media measurement and analytics, facing pressure from established and emerging players.
• Technological Changes [medium — operational]: Rapid technological advancements in the digital media landscape require continuous adaptation and innovation.

Industry Context

Comscore operates in the data analytics and media measurement industry, providing insights into audience behavior and advertising effectiveness.

Regulatory Implications

The company is subject to SEC regulations governing public company disclosures, including the timely filing of quarterly reports (10-Q).

What Investors Should Do

1. Analyze the full financial statements within the 10-Q for revenue, net income, and expense details.
2. Examine the balance sheet for changes in assets, liabilities, and equity compared to prior periods.
3. Review any Management's Discussion and Analysis (MD&A) section for insights into business performance and outlook.

Key Dates

• 2024-03-31: Quarter End — End of the reporting period for the 10-Q filing.
• 2024-05-10: Filing Date — Date Comscore, Inc. submitted its 10-Q filing.

Year-Over-Year Comparison

This filing represents the first quarterly report of 2024, providing updated financial information compared to the previous year's filings.

Key Financial Figures

• $0.001 — ich Registered Common Stock, par value $0.001 per share SCOR NASDAQ Global Select Mar

Filing Documents

• scor-20240331.htm (10-Q) — 1122KB
• exhibit101-bagdasarianchan.htm (EX-10.1) — 87KB
• exhibit102-bagdasarianseve.htm (EX-10.2) — 86KB
• exhibit311-certificationof.htm (EX-31.1) — 8KB
• exhibit312-certificationof.htm (EX-31.2) — 8KB
• exhibit321-certificationof.htm (EX-32.1) — 4KB
• exhibit322-certificationof.htm (EX-32.2) — 4KB
• scor-20240331_g1.jpg (GRAPHIC) — 44KB
• 0001158172-24-000039.txt (&nbsp;) — 6223KB
• scor-20240331.xsd (EX-101.SCH) — 40KB
• scor-20240331_cal.xml (EX-101.CAL) — 66KB
• scor-20240331_def.xml (EX-101.DEF) — 206KB
• scor-20240331_lab.xml (EX-101.LAB) — 553KB
• scor-20240331_pre.xml (EX-101.PRE) — 393KB
• scor-20240331_htm.xml (XML) — 694KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements 1

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 15

Quantitative and Qualitative Disclosures about Market Risk

Item 3. Quantitative and Qualitative Disclosures about Market Risk 22

Controls and Procedures

Item 4. Controls and Procedures 23

OTHER INFORMATION

PART II. OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 24

Risk Factors

Item 1A. Risk Factors 24

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 24

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 24

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 25

Other Information

Item 5. Other Information 25

Exhibits

Item 6. Exhibits 26 SIGNATURE 27 Table of Contents CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS We may make certain statements, including in this Quarterly Report on Form 10-Q, or 10-Q, including the information contained in Item 2 , "Management's Discussion and Analysis of Financial Condition and Results of Operations", and the information incorporated by reference in this 10-Q, that constitute forward-looking statements within the meaning of federal and state securities laws. Forward-looking statements are all statements other than statements of historical fact. We attempt to identify these forward-looking statements by words such as "may," "will," "should," "could," "might," "expect," "plan," "anticipate," "believe," "estimate," "target," "goal," "predict," "intend," "potential," "continue," "seek" and other comparable words. Similarly, statements that describe our business strategy, goals, prospects, opportunities, outlook, objectives, plans or intentions are also forward-looking statements. These statements may relate to, but are not limited to, expectations of future operating results or financial performance; expectations regarding our restructuring activities and cost-reduction initiatives; macroeconomic trends that we expect may influence our business, including declines in discretionary advertising spending; plans for financing and capital expenditures; expectations regarding liquidity, customer payments and compliance with debt and financing covenants, dividend requirements and other payment obligations; expectations regarding our commercial relationships and the development and introduction of new products; potential limitations on our net operating loss carryforwards and other tax assets; regulatory compliance and expected changes in the regulatory, industry or privacy landscape affecting our business; expected impact of contractual disputes, litigation and regulatory proceedings; and plans for growth and future operations, as well as a

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS COMSCORE, INC. CONDENSED CONSOLIDATED BALANCE SHEETS As of As of March 31, 2024 December 31, 2023 (In thousands, except share and per share data) (Unaudited) Assets Current assets: Cash and cash equivalents $ 18,730 $ 22,750 Restricted cash 187 186 Accounts receivable, net of allowances of $ 488 and $ 614 , respectively ($ 1,876 and $ 786 of accounts receivable attributable to related parties, respectively) 55,724 63,826 Prepaid expenses and other current assets 13,010 11,228 Total current assets 87,651 97,990 Property and equipment, net 41,431 41,574 Operating right-of-use assets 17,293 18,628 Deferred tax assets 2,453 2,588 Intangible assets, net 7,314 8,115 Goodwill 309,751 310,360 Other non-current assets 11,782 12,040 Total assets $ 477,675 $ 491,295 Liabilities, Convertible Redeemable Preferred Stock and Stockholders' Equity Current liabilities: Accounts payable ($ 13,898 and $ 11,996 attributable to related parties, respectively) $ 28,508 $ 30,551 Accrued expenses ($ 5,484 and $ 3,781 attributable to related parties, respectively) 32,855 34,422 Contract liabilities ($ 1,698 and $ 1,784 attributable to related parties, respectively) 50,097 48,912 Revolving line of credit 16,000 16,000 Accrued dividends (related parties) 28,372 24,132 Customer advances 8,798 11,076 Current operating lease liabilities 8,424 7,982 Current portion of contingent consideration 1,202 4,806 Other current liabilities 3,044 4,680 Total current liabilities 177,300 182,561 Non-current operating lease liabilities 19,849 23,003 Non-current portion of accrued data costs ($ 23,049 and $ 21,908 attributable to related parties, respectively) 34,156 32,833 Deferred tax liabilities 1,232 1,321 Other non-current liabilities 5,901 7,589 Total liabilities 238,438 247,307 Commitments and contingencies Convertible redeemable preferred stock, $ 0.001 par value; 100,000,000 shares authorized and 82,527,609 shares issued and outsta

View Full Filing

View this 10-Q filing on SEC EDGAR