8-K
filed February 28, 2023, 6:59 PM ET
ticker SCOR
CIK 0001158172
earnings
confidence high
sentiment neutral
materiality 0.70
Comscore reports FY 2022 revenue $376.4M (+2.6%), adjusted EBITDA $37M (+16.1%); net loss widens to $66.6M
COMSCORE, INC.
2022-FY EPS reported
-$0.89
revenue$376,423,000
- Q4 revenue $98.2M (+1.8% YoY); net income $0.1M vs $2.9M; adjusted EBITDA $12.0M vs $12.4M.
- FY revenue $376.4M (+2.6%); net loss $66.6M vs $50.0M including $46.3M goodwill impairment; adjusted EBITDA $37.0M (+16.1%).
- Credit agreement amended: higher EBITDA and asset coverage covenants, minimum liquidity covenant, SOFR loan rate increased to 3.50%.
- Board reduces director compensation by 26% annualized, including >30% cut in equity awards, effective March 1, 2023.
- 2023 outlook: low-to-mid single-digit revenue growth over 2022; double-digit adjusted EBITDA margin expected.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
COMSCORE, INC. reported the fourth quarter and full year ended December 31, 2022 results: revenue $98.2 million, net income $0.1 million, EPS $(0.04). Guidance reaffirmed.
- Period
- the fourth quarter and full year ended December 31, 2022
- Revenue
- $98.2 million
- Net income
- $0.1 million
- EPS
- $(0.04)
- Guidance
- reaffirmed
- Result
- reported results
Exact text from the filing
2021 • Cash, cash equivalents and restricted cash of $20.4 million versus $22.3 million as of December 31, 2021 Q4 2022 Financial Highlights • Revenue for the fourth quarter was $98.2 million compared to $96.5 million in Q4 2021 • Net income of $0.1 million compared to $2.9 million in Q4 2021 • Adjusted EBITDA of $12.0 million compared to $12.4 million in Q4 2021 2023
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
COMSCORE, INC. reported full year ended December 31, 2022 results: revenue $376.4 million, net income $66.6 million, EPS $(0.89). Guidance reaffirmed.
- Period
- full year ended December 31, 2022
- Revenue
- $376.4 million
- Net income
- $66.6 million
- EPS
- $(0.89)
- Guidance
- reaffirmed
- Result
- reported results
Exact text from the filing
of any general incorporation language in such filing. --- EX-99.1 (EX-99.1) --- FOR IMMEDIATE RELEASE Comscore Reports Fourth Quarter and Full Year 2022 Results FY Revenue of $376.4 million, up 2.6% from 2021 FY Net Loss of $66.6 million versus $50.0 million in 2021 FY Adjusted EBITDA of $37.0 million, up 16.1% from 2021 RESTON, Va., February 28, 2023 - Comscore,
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
COMSCORE, INC. updated its guidance (reaffirmed).
- Guidance
- reaffirmed
- Result
- guidance update
Exact text from the filing
Adjusted EBITDA margin expected to be in the double digits for 2023
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
COMSCORE, INC. amended Amendment with Bank of America, N.A. (effective 2023-02-24).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A.
- Effective
- 2023-02-24
Exact text from the filing
On February 24, 2023, comScore, Inc. (the "Company") entered into an amendment (the "Amendment") to its senior secured revolving credit agreement dated May 5, 2021 (the "Credit Agreement") among the Company, as borrower, the Company's subsidiaries from time to time party thereto, as guarantors, Bank of America, N.A., as administrative agent, and the lenders from time to time party thereto.
View on SEC.gov
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