Comscore Files Q2 2024 10-Q

TL;DR

Comscore dropped its Q2 10-Q. Check financials.

AI Summary

Comscore, Inc. filed its 10-Q for the period ending June 30, 2024. The filing details financial performance and operational updates for the second quarter of 2024. Specific financial figures and operational highlights are presented within the report.

Why It Matters

This filing provides investors and stakeholders with the latest financial health and strategic direction of Comscore, Inc. as of the end of Q2 2024.

Risk Assessment

Risk Level: medium — 10-Q filings are standard disclosures, but the specific financial performance and any disclosed risks within the report can influence the company's risk profile.

Key Numbers

• 2024 Q2 — Reporting Period (The second quarter of 2024 financial performance is detailed.)
• 12/31 — Fiscal Year End (Indicates the company's fiscal year concludes on December 31st.)

Key Players & Entities

• COMSCORE, INC. (company) — Filer of the 10-Q report
• 20240630 (date) — End of the reporting period
• 20240809 (date) — Filing date of the report
• RESTON, VA (location) — Company's business and mailing address

FAQ

Key Financial Figures

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

Filing Documents

• scor-20240630.htm (10-Q) — 1495KB
• exhibit102fourthamendmentt.htm (EX-10.2) — 11KB
• exhibit104cashincentivepla.htm (EX-10.4) — 31KB
• 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-20240630_g1.jpg (GRAPHIC) — 44KB
• 0001158172-24-000101.txt ( ) — 6992KB
• scor-20240630.xsd (EX-101.SCH) — 41KB
• scor-20240630_cal.xml (EX-101.CAL) — 66KB
• scor-20240630_def.xml (EX-101.DEF) — 197KB
• scor-20240630_lab.xml (EX-101.LAB) — 580KB
• scor-20240630_pre.xml (EX-101.PRE) — 402KB
• scor-20240630_htm.xml (XML) — 865KB

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 17

Quantitative and Qualitative Disclosures about Market Risk

Item 3. Quantitative and Qualitative Disclosures about Market Risk 25

Controls and Procedures

Item 4. Controls and Procedures 26

OTHER INFORMATION

PART II. OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 27

Risk Factors

Item 1A. Risk Factors 27

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 28

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 28

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 28

Other Information

Item 5. Other Information 28

Exhibits

Item 6. Exhibits 29 SIGNATURE 31 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 June 30, 2024 December 31, 2023 (In thousands, except share and per share data) (Unaudited) Assets Current assets: Cash and cash equivalents $ 14,655 $ 22,750 Restricted cash 188 186 Accounts receivable, net of allowances of $ 441 and $ 614 , respectively ($ 626 and $ 786 of accounts receivable attributable to related parties, respectively) 53,904 63,826 Prepaid expenses and other current assets 12,019 11,228 Total current assets 80,766 97,990 Property and equipment, net 49,162 41,574 Operating right-of-use assets 15,920 18,628 Deferred tax assets 2,424 2,588 Intangible assets, net 6,514 8,115 Goodwill 309,649 310,360 Other non-current assets 9,707 12,040 Total assets $ 474,142 $ 491,295 Liabilities, Convertible Redeemable Preferred Stock and Stockholders' Equity Current liabilities: Accounts payable ($ 15,217 and $ 11,996 attributable to related parties, respectively) $ 32,088 $ 30,551 Accrued expenses ($ 6,102 and $ 3,781 attributable to related parties, respectively) 30,696 34,422 Contract liabilities ($ 1,669 and $ 1,784 attributable to related parties, respectively) 47,758 48,912 Revolving line of credit 10,000 16,000 Accrued dividends (related parties) 32,616 24,132 Customer advances 7,953 11,076 Current operating lease liabilities 8,299 7,982 Contingent consideration 1,191 4,806 Other current liabilities 4,168 4,680 Total current liabilities 174,769 182,561 Non-current operating lease liabilities 17,948 23,003 Non-current portion of accrued data costs ($ 23,903 and $ 21,908 attributable to related parties, respectively) 35,190 32,833 Deferred tax liabilities 970 1,321 Other non-current liabilities 11,543 7,589 Total liabilities 240,420 247,307 Commitments and contingencies Convertible redeemable preferred stock, $ 0.001 par value; 100,000,000 shares authorized and 82,527,609 shares issued and outstanding as of June 30, 202

View Full Filing

View this 10-Q filing on SEC EDGAR