Forrester Research reported a decrease in revenue to $118.1 million compared to $136.9 million in Q4 2022. The company experienced a net loss of $0.7 million, or $0.03 per diluted share, compared to a net loss of $1.6 million, or $0.09 per diluted share, in the same period last year. Adjusted net income was $4.8 million, or $0.25 per diluted share, compared to $8.5 million, or $0.45 per diluted share, for the same period in 2022. Contract value (CV) decreased by 4%, totaling $332.1 million.
Q4 revenue decreased to $118.1 million from $136.9 million year-over-year.
Net loss was $0.7 million, or $0.03 per diluted share, improved from a net loss of $1.6 million, or $0.09 per diluted share, in Q4 2022.
Adjusted net income was $4.8 million, or $0.25 per diluted share, down from $8.5 million, or $0.45 per diluted share, in the prior year.
Contract value decreased by 4% to $332.1 million.
Forrester is providing full-year 2024 financial guidance. Total revenues of approximately $430.0 million to $450.0 million, Diluted earnings per share of approximately $0.33 to $0.53. Adjusted diluted earnings per share of approximately $1.50 to $1.70
Visualization of income flow from segment revenue to net income
Analyze how earnings announcements historically affect stock price performance