Gregory A. Fink
both in excited Bill Thanks, this operating company. help important financial and be model Brian. I'm welcome, industry-leading Hello, CFO comScore and recreate to transition and everyone. adds an to the our
the know, with we filing and NASDAQ. our SEC applied completed on you As March have relisting XX-K in the for XXXX of
top performance priority accomplished we As I said year-over-year. in soon. that a March, is had and relisting hope have an management at solid million increase We a QX from $XXX.X X% of to revenue
was consumers which is digital Bill of flat million. mostly measurement As the audience revenue revenue our from year-over-year noted, digital $XX.X at
mobile well products to the growth market, our market, our video market and ongoing and In to adoption advertising QX, mobile over and average premium as mobile been discussed our in drive data have in we in revenue related sources to media deal services offsetting both meaningfully companies video advertising shifts invested our products our area an showed While past. the this publishers. programmatic well technical offset custom publishers video has as premium to recently challenges from the enhancements in size legacy as limited our use the long as revenue among who increases, with legacy we their declines tail demand in that we end, from inventory syndicated as increased in from solutions have declines who moved To from expect new time. products encouraging
invest from to from expanding in $XX.X customers current brand growth as new greatest growth, We agencies in consumers increased our their year-over-year believe we X% intend customers. to safe to demand existing and to Our solid valuable cross $XX.X activation driven year-over-year and million, platform companies and solutions revenue advertisers, increase revenue continue well as cross by in we area opportunity XX% as experienced the relevant our environment. products solutions reach but that within TV in our Advertising TV this quarter, represents future which penetration. largely most new for market in revenue increased platform our interest million helps and media to
of our our portion total products and these products year-over-year, by in represent of position customers. We revenue smaller small while Movies legacy offset increased continue declines XX% these build some opportunities emerging to even a in revenue.
focused accounting revenue are $XXX,XXX. had in in growing increase XXX this will expanding global approximately as we our we read implemented this on standard, the Under We and important market. ASC And first XX-Q in you of an quarter.
deferred commission and approximately short, $XXX,XXX QX. In capitalized of impact costs. making for adopting film XXX also immaterial We ASC into the was
on revenue remainder evaluating of but We XXXX, material. still impact be believe the unlikely are it is full for the to
net audit-related first million operating value restructuring the Moving GAAP of compensation, in expenses, equity loss expenses GAAP for $XX.X associated quarter our to for on model. includes with changes quarter and investigation instruments. loss the a in in net and $X.X $X.X costs million. other derivatives in fair in million reported We of stock-based $X.X $XX.X million the in million
$X.XX net fourth Adjusted over a quarter year. was these share. end first Excluding $X.X EBITDA significant increase taken loss marks for promising of reductions to last non-core compensation our stock-based and This the at to expenses, the actions was the the non-GAAP or million. XXXX, primarily $XX.X million of per quarter related and cost improvement prior compared year
year-over-year gross today press website. basis, in a ago reported QX panel was on depreciation. non-GAAP discuss filed and or to and quarter I the mobile. significant XXXX reconciled This for of in businesses by will that's data XX% and release This excluding operating on compensation period. stock-based costs platform $XX.X TV profit That's of Hereafter, results was for margin a our in cross our XXXX Relations Investor more a million and as year our available decrease in well sales. increase increase as as offset XX% the compared cost in reflects Gross
As have you associated acquired recently TV we costs. high fixed mobile we data properties, and know, additional which
was $XX.X can gain we the While leverage Selling offset to in XX% The costs. sales, to at associated down for count place first cost reduction as was for quarter last decreased related over we the we of last same XX% XX% of in expense $XX.X product the the or one or sales expect expense which and to our year. expect quarter R&D and to sales, increase put we from in year to new compared efforts to million ago. continue marketing XX% the end decrease million time, head believe period of sales year. fixed costs these from meaningfully increase of
realigned employees overall product developments, initiatives, new in cost. new professional investment around our reducing fees thereby continued we we While product and
for percentage from totaled unchanged professional certain sales, by the in capitalized was million Certain quarter. costs million offset cost XX% same costs, of reductions fee the period. incremental also $XX.X R&D administrative or which the the G&A were We year. $X.X last quarter in expense
to in focus adjusting To items compensation was in summarize these $X.X million. We the stock-based going our to continuing forward. QX first quarter, are efforts reduce costs expense
the As quarter, granting new we we since discussed in would in March the result in In the In incur and issues, our related directors second we've grants significantly audit incremental for which these costs detailed shares Total to and equity XX-K, issue to investigation to in year, XXXX. approximately employees, remainder been we million. others, $XX.X to $XX expect unable an early levels. million. expense were but of QX of anticipate we with and them at reduced and restructuring will costs QX the associated be
our closed cash, balance equivalents million cash we and restricted of $XX.X of the $XX.X to year-end. Turning over an represents cash sheet increase This for million. QX, quarter with
adjusted for adjustments expenses. Our made positive $X.X compensation with was stock-based for and QX million non-core EBITDA
source Our with million. primary of convertible in was the proceeds debt the of issuance $XX.X quarter of net cash
Our the approximately costs primary use and of million. was audit as as cash restructuring expenses totaled in well that related $XX quarter investigation
additional the of liquidity. our as financing other financing We to evaluate investments. may We forward rights consider alternatives explore continue a capital going arrangements meet for we to offering provide future to timing
estimated is Our QX $XX.X for count for million. share EPS purposes
I our with as completed earlier, our the conjunction quarter under quarter. our in shares as with second in We discussed well share in settlements connection in second legal grants be anticipated expect the equity new increase to as to plan count expected the additional issue
opportunity. market excited Looking are about beyond long-term we our QX, very
positioned an poised comScore around win. to is industry have We and us
outlook late-May. changes over he With call for their Bryan to from turn will in brief expected committing the a given specific that, takes not time, at in remarks. are I strategy to Bryan closing We as back this
