FORRESTER RESEARCH, INC. FORR Income Statement

Forrester research, inc. (FORR)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenues:
Total revenues
106,345	124,269	108,596	128,183	100,649	98,583	84,890	96,353	77,749	90,377	80,369	89,733	77,194	83,446	77,427	87,821	77,401	80,975	74,753	82,811	75,187	80,681	75,363	82,947	73,071	77,521	69,815	78,953	71,361	74,905	68,773	79,093	70,260	74,369	69,774	73,450	65,742	59,777	64,653
Operating expenses:
Selling and marketing
40,273	45,210	41,605	44,017	42,033	35,053	31,051	32,709	33,011	33,562	29,225	30,508	30,622	29,408	27,751	29,335	30,404	30,509	27,460	28,481	29,631	29,563	27,677	28,630	29,883	27,456	25,771	26,789	27,057	25,681	24,309	26,267	25,133	25,067	24,927	26,009	25,465	20,228	20,720
General and administrative
12,005	13,098	13,533	13,221	13,190	11,049	11,192	10,940	10,739	11,234	10,083	10,419	10,170	10,220	10,086	10,300	9,973	10,477	9,530	9,276	9,758	9,219	10,023	9,815	9,527	11,063	9,310	8,420	9,487	9,890	8,720	8,645	9,611	8,108	7,928	8,330	8,918	9,489	7,720
Depreciation
2,406	2,262	2,121	2,166	2,023	1,899	1,965	2,095	1,996	1,873	1,607	1,489	1,679	1,830	1,941	2,076	1,965	1,941	2,048	2,096	2,107	2,089	2,174	2,289	2,773	2,314	2,292	2,302	2,360	2,411	2,262	2,255	1,993	2,024	1,420	945	970	943	879
Amortization of intangible assets
4,712	5,656	5,654	5,099	6,210	392	402	182	186	199	197	194	191	204	208	210	209	222	224	224	221	566	530	536	539	560	557	554	559	666	579	586	614	664	679	526	693	905	905
Acquisition and integration costs
2,875	1,100	2,394	2,487	2,967	-	977	329	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reorganization costs
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	11	1,015	0	928	81	3,424	0	-71	1,039	849	0	0	314	1,591	-10	37	51	1,343	-	-	0	-	-	-
Total operating expenses
105,624	117,442	110,236	123,561	111,533	89,839	79,948	85,326	80,037	82,926	73,620	79,520	74,058	74,408	69,875	76,349	74,689	76,867	69,412	72,718	75,902	74,493	70,438	75,867	73,051	73,057	65,514	69,165	68,081	67,364	61,643	67,632	65,632	61,216	60,025	63,834	61,544	53,964	54,524
Income (loss) from operations
721	6,827	-1,640	4,622	-10,884	8,744	4,942	11,027	-2,288	7,451	6,749	10,213	3,136	9,038	7,552	11,472	2,712	4,108	5,341	10,093	-715	6,188	4,925	7,080	20	4,464	4,301	9,788	3,280	7,541	7,130	11,461	4,628	13,153	9,749	9,616	4,198	5,813	10,129
Interest expense
1,538	1,713	1,904	2,085	2,352	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income (expense), net
310	-286	127	-86	-270	202	319	271	-118	53	146	93	9	366	229	473	-328	169	159	-99	282	217	232	79	-64	32	-71	255	376	404	357	130	409	357	378	4	-109	-945	1,148
Losses on investments, net
13	106	-17	-8	-36	488	-17	-20	-25	518	-772	-22	-203	-	-1,085	-54	-	-254	245	10	-19	-263	-105	43	37	-2,349	18	98	-200	-804	755	84	59	-1,047	8	58	582	1,377	27
Loss before income taxes
-494	4,934	-3,434	2,443	-13,542	9,434	5,244	11,278	-2,431	8,022	6,123	10,284	2,942	9,738	6,696	11,891	2,384	4,023	5,745	10,004	-452	6,142	5,052	7,202	-7	2,147	4,248	10,141	3,456	7,141	8,242	11,675	5,096	12,463	10,135	9,678	4,671	6,245	11,304
Income tax expense (benefit)
19	44	-735	888	-226	4,059	1,294	3,490	-698	5,929	2,170	4,220	-88	3,948	3,584	4,431	1,095	2,003	1,295	4,254	-228	2,543	2,009	2,913	59	-14	1,739	3,956	1,287	2,505	-2,468	3,906	1,915	13,391	-4,403	4,208	1,760	2,541	4,402
Net loss
-513	4,890	-2,699	1,555	-13,316	5,375	3,950	7,788	-1,733	2,093	3,953	6,064	3,030	5,790	3,112	7,460	1,289	2,020	4,450	5,750	-224	3,599	3,043	4,289	-66	2,161	2,509	6,185	2,169	4,636	10,710	7,769	3,181	7,878	5,732	5,470	2,911	3,704	6,902
Basic loss per common share
-0.03	0.28	-0.15	0.08	-0.73	0.30	0.22	0.43	-0.10	0.11	0.22	0.34	0.17	0.32	0.17	0.42	0.07	0.11	0.25	0.32	-0.01	-	0.17	0.23	-	0.11	0.12	0.29	0.10	0.21	0.48	0.34	0.14	0.35	0.25	0.24	0.13	0.16	0.31
Diluted loss per common share
-0.03	0.28	-0.15	0.08	-0.73	0.30	0.21	0.43	-0.10	0.11	0.22	0.34	0.16	0.32	0.17	0.41	0.07	0.11	0.25	0.31	-0.01	-	0.16	0.23	-	0.11	0.12	0.28	0.10	0.20	0.47	0.34	0.14	0.33	0.25	0.24	0.13	0.16	0.30
Basic weighted average common shares outstanding
18,705	18,624	18,546	18,435	18,363	18,275	18,088	17,965	18,036	17,984	17,747	17,715	18,230	18,249	18,062	17,863	17,762	17,751	17,892	18,007	18,058	18,195	18,287	18,757	19,613	19,765	20,117	21,256	22,306	22,281	22,398	22,583	22,738	22,647	22,620	22,684	22,713	22,462	22,517
Diluted weighted average common shares outstanding
18,705	18,279	18,546	18,780	18,363	18,761	18,433	18,290	18,036	18,323	18,051	18,050	18,536	18,571	18,435	18,145	17,925	18,181	18,065	18,268	18,058	18,822	18,549	19,044	19,613	20,342	20,665	21,747	22,658	22,662	22,858	23,023	23,173	23,119	23,082	23,203	23,252	23,107	23,135
Cash dividends declared per common share
-	-	-	-	-	-	0.20	0.20	0.20	-	0.19	0.19	0.19	-	0.18	0.18	0.18	-	0.17	0.17	0.17	-	0.16	0.16	0.16	-	0.15	0.15	0.15	-	0.14	0.14	0.14	-	0.00	0.00	-	-	-
Research Services [Member]
Total revenues
72,796	79,299	74,548	76,279	68,609	62,067	56,332	58,300	51,700	55,918	54,235	54,575	51,743	54,218	52,727	55,023	53,248	53,601	52,205	52,604	51,858	53,780	50,622	52,322	50,793	51,398	49,855	51,312	50,278	51,750	50,509	51,072	49,760	50,365	49,242	47,341	44,547	42,895	40,752
Advisory Services and Events [Member]
Total revenues
33,549	44,970	34,048	51,904	32,040	36,516	28,558	38,053	26,049	34,459	26,134	35,158	25,451	29,228	24,700	32,798	24,153	27,374	22,548	30,207	23,329	26,901	24,741	30,625	22,278	26,123	19,960	27,641	21,083	23,155	18,264	28,021	20,500	24,004	20,532	26,109	21,195	16,882	23,901
Cost of Services and Fulfillment [Member]
Cost of services and fulfillment
43,353	50,116	44,929	56,571	45,110	38,965	34,361	39,071	34,105	36,058	32,508	36,910	31,396	32,746	29,889	34,417	31,123	33,718	29,222	32,560	30,761	33,056	30,105	33,558	29,480	31,664	27,584	30,786	27,027	28,726	25,736	29,828	26,938	24,978	25,071	28,024	25,498	22,399	24,300