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

TL;DR

<b>Viant Technology Inc. has filed its quarterly report (10-Q) for the period ending March 31, 2024, detailing its financial performance and operational status.</b>

AI Summary

Viant Technology Inc. (DSP) filed a Quarterly Report (10-Q) with the SEC on April 30, 2024. Viant Technology Inc. filed a 10-Q for the quarterly period ended March 31, 2024. The filing covers the period from January 1, 2024, to March 31, 2024. The company's principal executive offices are located at 2722 Michelson Drive, Suite 100, Irvine, CA 92612. Viant Technology Inc. is incorporated in Delaware. The filing was submitted on April 30, 2024.

Why It Matters

For investors and stakeholders tracking Viant Technology Inc., this filing contains several important signals. This 10-Q filing provides investors and analysts with the latest financial data for Viant Technology Inc., crucial for assessing the company's performance in the first quarter of 2024. The detailed financial information within the report allows for a comparison against previous periods and industry benchmarks, aiding in investment decisions and strategic analysis.

Risk Assessment

Risk Level: low — Viant Technology Inc. shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain any immediate red flags or significant new disclosures that would suggest a high-risk event.

Analyst Insight

Monitor future filings for detailed financial results and management commentary to understand the company's trajectory in the programmatic advertising market.

Key Numbers

• 2024-03-31 — Period End Date (Quarterly period)
• 2024-01-01 — Period Start Date (Quarterly period)
• 2023-03-31 — Prior Year Period End Date (Comparative period)
• 2024-04-30 — Filing Date (Date of submission)

Key Players & Entities

• Viant Technology Inc. (company) — Filer name
• 2024-03-31 (date) — Period of report
• 2024-04-30 (date) — Filed as of date
• 2722 Michelson Drive, Suite 100, Irvine, CA 92612 (address) — Business address
• DE (state) — State of incorporation
• 10-Q (form_type) — Filing type
• DSP (ticker) — Ticker symbol

FAQ

Industry Context

Viant Technology Inc. operates in the digital advertising technology sector, specifically as a demand-side platform (DSP) enabling programmatic advertising.

Regulatory Implications

The company is subject to SEC regulations for public companies, including the requirement to file quarterly reports (10-Q) under the Securities Exchange Act of 1934.

What Investors Should Do

1. Review the full 10-Q filing for detailed financial statements and Management's Discussion and Analysis.
2. Analyze revenue trends and profitability metrics for the first quarter of 2024.
3. Assess any disclosed risks or forward-looking statements for potential impacts on future performance.

Key Dates

• 2024-03-31: Quarterly Period End — End of the reporting period for the 10-Q filing.
• 2024-04-30: Filing Date — Date the 10-Q was officially submitted to the SEC.

Year-Over-Year Comparison

This filing is the 10-Q for the first quarter of 2024, following the 10-K annual report filed previously.

Key Financial Figures

• $0.001 — stered Class A common stock, par value $0.001 per share DSP The Nasdaq Stock Market L
• $1.235 billion — g growth company" is one with less than $1.235 billion in annual gross revenues, has issued le
• $1 billion — al gross revenues, has issued less than $1 billion of non-convertible debt over a three-ye

Filing Documents

• dsp-20240331.htm (10-Q) — 1341KB
• dsp-20240331xexx101.htm (EX-10.1) — 19KB
• dsp-20240331xexx311.htm (EX-31.1) — 8KB
• dsp-20240331xexx312.htm (EX-31.2) — 8KB
• dsp-20240331xexx321.htm (EX-32.1) — 5KB
• dsp-20240331xexx322.htm (EX-32.2) — 5KB
• dsp-20240331_g1.jpg (GRAPHIC) — 7KB
• 0001828791-24-000024.txt (&nbsp;) — 5698KB
• dsp-20240331.xsd (EX-101.SCH) — 44KB
• dsp-20240331_cal.xml (EX-101.CAL) — 62KB
• dsp-20240331_def.xml (EX-101.DEF) — 252KB
• dsp-20240331_lab.xml (EX-101.LAB) — 518KB
• dsp-20240331_pre.xml (EX-101.PRE) — 373KB
• dsp-20240331_htm.xml (XML) — 535KB

Financial Statements

Financial Statements 4 A. Condensed Consolidated Statements of Operations 4 B. Condensed Consolidated Balance Sheets 5 C. Condensed Consolidated Statements of Equity 6 D. Condensed Consolidated Statements of Cash Flows 7 E. Notes to the Condensed Consolidated Financial Statements 8 Item 2.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 20 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 37 Item 4.

Controls and Procedures

Controls and Procedures 38 PART II. OTHER INFORMATION 39 Item 1.

Legal Proceedings

Legal Proceedings 39 Item 1A.

Risk Factors

Risk Factors 39 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 65 Item 3. Defaults Upon Senior Securities 66 Item 4. Mine Safety Disclosures 66 Item 5. Other Information 66 Item 6. Exhibits 66

Signatures

Signatures 67 2 Special Note Regarding Forward-Looking Statements This Quarterly Report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the " Securities Act " ), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), which statements involve substantial risks and uncertainties. In some cases, you can identify forward-looking statements by words such as "may," "will," "should," "could," "intend," "consider," "expect," "plan," "anticipate," "believe," "estimate," "predict" or "continue" or the negative or plural of these words or other similar terms or expressions. All statements other than statements of historical fact are forward-looking statements, which speak only as of the date they are made, and are not guarantees of future performance. Forward-looking statements contained in this Quarterly Report include, but are not limited to, statements about: our future financial performance, including our revenue, cost of revenue, gross profit, contribution excluding traffic acquisition costs ("contribution ex-TAC"), adjusted EBITDA, and operating expenses; trends in our key business measures; the sufficiency of our cash and cash equivalents and cash provided by sales of our products and services to meet our liquidity needs; market trends; our market position and opportunity; our growth strategy and business aspirations for our demand side platform in enabling the programmatic purchase of advertising in the digital advertising industry; our product strategy; our efforts to enhance the security and privacy of our platform; the impact of information and data privacy trends and regulations on our business and competitors; the potential impacts of macroeconomic and geopolitical events on our business and the business of our customers, suppliers and channel partners, and the economy; our ability to attract new customers and retain existing customers; our ability to successf

— FINANCIAL INFORMATION

PART I — FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements VIANT TECHNOLOGY INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited; in thousands, except per share data) Three Months Ended March 31, 2024 2023 Revenue $ 53,393 $ 41,720 Operating expenses: Platform operations 29,880 23,337 Sales and marketing 12,899 12,169 Technology and development 5,232 5,894 General and administrative 11,074 11,428 Total operating expenses 59,085 52,828 Loss from operations ( 5,692 ) ( 11,108 ) Other expense (income), net: Interest income, net ( 2,381 ) ( 1,819 ) Other expense, net 2 87 Total other expense (income), net ( 2,379 ) ( 1,732 ) Loss before income taxes ( 3,313 ) ( 9,376 ) Benefit from income taxes ( 99 ) — Net loss ( 3,214 ) ( 9,376 ) Less: Net loss attributable to noncontrolling interests ( 2,267 ) ( 6,896 ) Net loss attributable to Viant Technology Inc. $ ( 947 ) $ ( 2,480 ) Earnings (loss) per share of Class A common stock: Basic $ ( 0.06 ) $ ( 0.17 ) Diluted $ ( 0.06 ) $ ( 0.17 ) Weighted-average shares of Class A common stock outstanding: Basic 15,949 14,748 Diluted 15,949 14,748 The accompanying notes are an integral part of these unaudited condensed consolidated financial statements. 4 VIANT TECHNOLOGY INC. CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited; in thousands, except share and per share data) As of March 31, As of December 31, 2024 2023 Assets Current assets: Cash and cash equivalents $ 206,057 $ 216,458 Accounts receivable, net of allowances 113,508 117,473 Prepaid expenses and other current assets 7,978 6,486 Total current assets 327,543 340,417 Property, equipment, and software, net 29,356 28,261 Operating lease assets 24,898 22,995 Intangible assets, net 153 201 Goodwill 12,422 12,422 Other assets 669 615 Total assets $ 395,041 $ 404,911 Liabilities and stockholders' equity Liabilities Current liabilities: Accounts payable $ 51,972 $ 47,342 Accrued liabilities 35,988 39,263 Accrued compensation 7,124 10,925 Curre