Comscore Files Q3 2024 10-Q
Ticker: SCOR · Form: 10-Q · Filed: Nov 12, 2024 · CIK: 1158172
| Field | Detail |
|---|---|
| Company | Comscore, Inc. (SCOR) |
| Form Type | 10-Q |
| Filed Date | Nov 12, 2024 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
Comscore's Q3 2024 10-Q is in: financials and operations updated.
AI Summary
Comscore, Inc. filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the third quarter of 2024. Key financial figures and business segment information are presented, reflecting the company's ongoing activities and strategic positioning in the market.
Why It Matters
This filing provides investors and analysts with the latest financial health and operational performance of Comscore, Inc., crucial for understanding its market position and future prospects.
Risk Assessment
Risk Level: medium — The filing is a standard quarterly report, but the company operates in a dynamic and competitive market, which inherently carries risks.
Key Numbers
- 2024 Q3 — Reporting Period (Third quarter of 2024 financial performance)
- 2024-09-30 — As of Date (End of the reporting period)
Key Players & Entities
- COMSCORE, INC. (company) — Filer
- 20240930 (date) — Reporting Period End Date
- 20241112 (date) — Filing Date
- RESTON, VA (location) — Business Address
FAQ
What were Comscore's total revenues for the nine months ended September 30, 2024?
The filing indicates financial data for the period 2024-01-01 to 2024-09-30, but specific revenue figures are not detailed in the provided text snippet.
What is the company's primary business segment as indicated in the filing?
The filing mentions 'scor:segment' and 'scor:office_space' as potential segments, but a definitive primary segment is not explicitly stated in the provided text.
When was Comscore, Inc. formerly known as Comscore Networks Inc?
The date of the name change from Comscore Networks Inc. to Comscore, Inc. was 20010827.
What is the SEC file number for Comscore, Inc.?
The SEC file number for Comscore, Inc. is 001-33520.
What is the fiscal year end for Comscore, Inc.?
The fiscal year end for Comscore, Inc. is December 31 (1231).
Filing Stats: 4,771 words · 19 min read · ~16 pages · Grade level 20 · Accepted 2024-11-12 17:11:50
Key Financial Figures
- $0.001 — ich Registered Common Stock, par value $0.001 per share SCOR NASDAQ Global Select Mar
Filing Documents
- scor-20240930.htm (10-Q) — 1584KB
- exhibit105-creditagreement.htm (EX-10.5) — 1428KB
- 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-20240930_g1.jpg (GRAPHIC) — 44KB
- 0001158172-24-000111.txt ( ) — 8963KB
- scor-20240930.xsd (EX-101.SCH) — 43KB
- scor-20240930_cal.xml (EX-101.CAL) — 67KB
- scor-20240930_def.xml (EX-101.DEF) — 213KB
- scor-20240930_lab.xml (EX-101.LAB) — 593KB
- scor-20240930_pre.xml (EX-101.PRE) — 424KB
- scor-20240930_htm.xml (XML) — 910KB
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 20
Quantitative and Qualitative Disclosures about Market Risk
Item 3. Quantitative and Qualitative Disclosures about Market Risk 29
Controls and Procedures
Item 4. Controls and Procedures 30
OTHER INFORMATION
PART II. OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 31
Risk Factors
Item 1A. Risk Factors 31
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 31
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 32
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 32
Other Information
Item 5. Other Information 32
Exhibits
Item 6. Exhibits 33 SIGNATURE 35 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 September 30, 2024 December 31, 2023 (In thousands, except share and per share data) (Unaudited) Assets Current assets: Cash and cash equivalents $ 19,996 $ 22,750 Restricted cash 189 186 Accounts receivable, net of allowances of $ 445 and $ 614 , respectively ($ 931 and $ 786 of accounts receivable attributable to related parties, respectively) 55,165 63,826 Prepaid expenses and other current assets 9,583 11,228 Total current assets 84,933 97,990 Property and equipment, net 48,856 41,574 Operating right-of-use assets 14,070 18,628 Deferred tax assets 3,484 2,588 Intangible assets, net 5,750 8,115 Goodwill 247,460 310,360 Other non-current assets 7,909 12,040 Total assets $ 412,462 $ 491,295 Liabilities, Convertible Redeemable Preferred Stock and Stockholders' Equity (Deficit) Current liabilities: Accounts payable ($ 17,862 and $ 11,996 attributable to related parties, respectively) $ 34,277 $ 30,551 Accrued expenses ($ 5,439 and $ 3,781 attributable to related parties, respectively) 28,501 34,422 Contract liabilities ($ 754 and $ 1,784 attributable to related parties, respectively) 45,500 48,912 Revolving line of credit 10,000 16,000 Accrued dividends (related parties) 4,424 24,132 Customer advances 8,034 11,076 Current operating lease liabilities 8,417 7,982 Contingent consideration 1,191 4,806 Other current liabilities 3,815 4,680 Total current liabilities 144,159 182,561 Non-current operating lease liabilities 16,605 23,003 Non-current portion of accrued data costs ($ 24,756 and $ 21,908 attributable to related parties, respectively) 36,258 32,833 Deferred tax liabilities — 1,321 Other non-current liabilities 10,706 7,589 Total liabilities 207,728 247,307 Commitments and contingencies Convertible redeemable preferred stock, $ 0.001 par value; 100,000,000 shares authorized as of September 30, 2024 and December 31, 2023; 95,784