secwatch.observer — SEC 8-K summary
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Issuer:     FORRESTER RESEARCH, INC. (FORR)
CIK:        0001023313
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001193125-24-125080
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Forrester Q1 revenue down 12% to $100.1M; net loss widens; board adds $25M buyback
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- Q1 revenue $100.1M (-12% YoY); GAAP net loss $6.7M ($0.35 loss per share) vs $4.1M loss a year ago.
- Adjusted net income $2.8M ($0.14 per share) vs $5.1M ($0.27) in Q1 2023; CV fell 4% to $323.1M.
- CEO cites 'challenging environment' with consulting headwinds; 70% of CV now on Forrester Decisions platform.
- Board increased stock repurchase authorization by $25M to $89M total available.
- 2024 guidance reaffirmed: revenue $430-450M, adjusted EPS $1.50-$1.70.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023313/000119312524125080/0001193125-24-125080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023313/000119312524125080/d810346d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-125080

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer