Forrester Q3 revenue falls 11% YoY to $113.4M; GAAP EPS $0.13 vs $0.28

FORRESTER RESEARCH, INC.

2023-Q3 EPS reported $0.19 revenue$362,690,000

Total revenues of $113.4M, down from $127.7M in Q3 2022; CV flat at $349.4M.
GAAP net income $2.5M ($0.13 diluted EPS) vs $5.4M ($0.28) a year ago.
Adjusted net income $8.6M ($0.44 diluted EPS) vs $10.9M ($0.57), excluding stock comp and intangibles.
FY 2023 guidance: GAAP revenue $475-485M, GAAP EPS $0.10-0.30, adjusted EPS $1.80-2.00.
CEO cites $200M CV on Forrester Decisions platform; developing Izola generative AI system.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

FORRESTER RESEARCH, INC. reported the third quarter ended September 30, 2023 results: revenue $113.4 million, net income $2.5 million, or $0.13 per diluted share.

Period: the third quarter ended September 30, 2023
Revenue: $113.4 million
Net income: $2.5 million, or $0.13 per diluted share
Result: reported results

Exact text from the filing

growing CV and accelerating the ongoing journey to create a high-performance sales culture.” Third-Quarter Consolidated Results Total revenues for the third quarter of 2023 were $113.4 million, compared with $127.7 million for the comparable quarter in 2022. On a GAAP basis, net income was $2.5 million, or $0.13 per diluted share, for the third quarter of 2023,

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Source: SEC EDGAR

accession 0001193125-23-264079

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