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Dec 31, 2024
Forrester Q4 2024 Earnings Report
Forrester Research reported a decline in revenue and net income for the fourth quarter of 2024, with a net loss for the full year.
Key Takeaways
Forrester Research experienced challenges in Q4 2024, with total revenues decreasing to $108.0 million from $118.1 million in the comparable prior-year quarter. The company reported a GAAP net income of $0.4 million for the quarter, a slight improvement from a net loss in the prior year, but a full-year GAAP net loss of $5.7 million. Adjusted net income for Q4 was $6.8 million.
Total revenues for Q4 2024 were $108.0 million, a decrease from $118.1 million in Q4 2023.
GAAP net income for Q4 2024 was $0.4 million, or $0.02 per diluted share, compared to a net loss of $0.7 million in Q4 2023.
Adjusted net income for Q4 2024 was $6.8 million, or $0.36 per diluted share.
Full-year 2024 GAAP net loss was $5.7 million, or $0.30 per diluted share, compared to a net income of $3.1 million in 2023.
Revenue by Segment
Forward Guidance
Forrester expects full-year 2025 total revenues to be between $400.0 million and $415.0 million, representing a decline of 7.5% to 4.0% versus the prior year. GAAP operating margin is projected to be between 1.8% and 2.8%. Adjusted diluted earnings per share are expected to be between $1.20 and $1.35.
Positive Outlook
- Focus on increasing retention rates.
- Driving growth across both existing and new accounts.
- Supercharging events to make them a more effective platform for CV growth.
- Transition to operating the new Forrester model, moving past the three-year product transition.
- Anticipated steady improvements across all three lines of business.
Challenges Ahead
- Projected decline in total revenues for 2025 compared to 2024.
- Restructuring announced in January 2025 to improve cost efficiency.
- Impact of revenue and CV declines on 2025 guidance.
Revenue & Expenses
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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