– моментальные уведомления о рынке акций
– моментальные уведомления о рынке акций
Increased Revenue by 43% Year-over-Year to $96.7 Million, a Record for the First Quarter, Driven by Global Growth in Pre-Campaign Activation Across Programmatic, Social and CTV
Activation Revenue Increased 56% to $53.0 Million
Achieved Net Income of $4.6 Million and First Quarter Record Adjusted EBITDA of $24.7 Million
Raised Full Year 2022 Revenue and Adjusted EBITDA Outlook
NEW YORK--(BUSINESS WIRE)--DoubleVerify (“DV”) (NYSE: DV), a leading software platform for digital media measurement, data and analytics, today announced financial results for the first quarter ended March 31, 2022.
“We came out of the gate exceptionally strong in 2022,” said Mark Zagorski, CEO of DoubleVerify. “Our investments in innovation and global scale have delivered record Q1 revenue and growth rates that exceeded our expectations. Revenue and volume on both activation and measurement grew as advertisers continued to embrace and expand their relationship with DV based on our essential, unbiased solutions. Our product innovation success, industry-leading accreditations in fast growing sectors such as programmatic and CTV and broader international footprint have yielded new enterprise client wins and meaningful expansion opportunities within our existing blue-chip customer base. We have raised our full year outlook and remain confident in our ability to sustain strong growth in 2022 and beyond.”
First Quarter 2022 Financial Highlights: (All comparisons are to the first quarter of 2021)
First Quarter and Recent Business Highlights:
“We achieved strong first quarter revenue growth driven by our product success in fast-growth sectors such as Programmatic and CTV and delivered outperformance on adjusted EBITDA margins,” said Nicola Allais, CFO of DoubleVerify. “We continue to fuel our long-term growth trajectory using our strong cash position to continue to strategically invest in our business by hiring and retaining top talent and developing market-leading products. Visibility for the second quarter remains high, giving us the confidence to raise our revenue and adjusted EBITDA outlook for full year 2022.”
Second Quarter and Full-Year 2022 Guidance:
DoubleVerify anticipates Revenue and Adjusted EBITDA to be in the following ranges:
Second Quarter 2022:
Full Year 2022:
With respect to the Company’s expectations under "Second Quarter and Full Year 2022 Guidance" above, the Company has not reconciled the non-GAAP measure Adjusted EBITDA to the GAAP measure net income in this press release because the Company does not provide guidance for stock-based compensation expense, depreciation and amortization expense, acquisition-related costs, interest income, and income taxes on a consistent basis as the Company is unable to quantify these amounts without unreasonable efforts, which would be required to include a reconciliation of Adjusted EBITDA to GAAP net income. In addition, the Company believes such a reconciliation would imply a degree of precision that could be confusing or misleading to investors.
Conference Call, Webcast and Other Information
DoubleVerify will host a conference call and live webcast to discuss its first quarter 2022 financial results at 4:30 p.m. Eastern Time today, May 10, 2022. To access the conference call, dial (877) 841-2987 for the U.S. or Canada, or (215) 268-9878 for international callers. The webcast will be available live on the Investors section of the Company’s website at https://ir.doubleverify.com/. An archived webcast will be available approximately two hours after the conclusion of the live event.
In addition, DoubleVerify plans to post certain additional historical quarterly financial information on the investor relations portion of its website for easy access to investors.
Key Business Terms
Measurement revenue is generated from the verification and measurement of advertising impressions that are directly purchased on digital media properties, including publishers and social media platforms.
Activation revenue is generated from the evaluation, verification and measurement of advertising impressions purchased through programmatic demand-side and social media platforms.
Supply-Side revenue is generated from platforms and publisher partners who use DoubleVerify’s data analytics to evaluate, verify and measure their advertising inventory.
Gross Revenue Retention Rate is the total prior period revenue earned from advertiser customers, less the portion of prior period revenue attributable to lost advertiser customers, divided by the total prior period revenue from advertiser customers.
Media Transactions Measured (MTM) is the volume of media transactions that DoubleVerify’s software platform measures.
Measured Transaction Fee (MTF) is the fixed fee DoubleVerify charges per thousand Media Transactions Measured.
DoubleVerify Holdings, Inc. |
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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) |
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As of |
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As of |
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(in thousands, except per share data) |
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March 31, 2022 |
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December 31, 2021 |
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Assets: |
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Current assets |
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|
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Cash and cash equivalents |
|
$ |
211,600 |
|
|
$ |
221,591 |
|
Trade receivables, net of allowances for doubtful accounts of $7,315 and $6,527 as
|
|
|
134,030 |
|
|
|
122,938 |
|
Prepaid expenses and other current assets |
|
|
24,979 |
|
|
|
23,295 |
|
Total current assets |
|
|
370,609 |
|
|
|
367,824 |
|
Property, plant and equipment, net |
|
|
19,152 |
|
|
|
17,575 |
|
Operating lease right-of-use assets, net |
|
|
76,825 |
|
|
|
— |
|
Goodwill |
|
|
342,666 |
|
|
|
350,560 |
|
Intangible assets, net |
|
|
154,512 |
|
|
|
153,395 |
|
Deferred tax assets |
|
|
60 |
|
|
|
60 |
|
Other non-current assets |
|
|
1,859 |
|
|
|
2,780 |
|
Total assets |
|
$ |
965,683 |
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$ |
892,194 |
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Liabilities and Stockholders' Equity: |
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Current liabilities |
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Trade payables |
|
$ |
3,821 |
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$ |
3,853 |
|
Accrued expense |
|
|
26,190 |
|
|
|
41,456 |
|
Operating lease liabilities, current |
|
|
4,909 |
|
|
|
— |
|
Income tax liabilities |
|
|
996 |
|
|
|
1,321 |
|
Current portion of finance lease obligations |
|
|
2,027 |
|
|
|
1,970 |
|
Contingent considerations, current |
|
|
— |
|
|
|
1,717 |
|
Other current liabilities |
|
|
6,745 |
|
|
|
6,716 |
|
Total current liabilities |
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|
44,688 |
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|
57,033 |
|
Operating lease liabilities, non-current |
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|
74,334 |
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|
|
— |
|
Finance lease obligations |
|
|
2,043 |
|
|
|
2,579 |
|
Deferred tax liabilities |
|
|
28,291 |
|
|
|
30,307 |
|
Other non-current liabilities |
|
|
2,638 |
|
|
|
3,209 |
|
Total liabilities |
|
$ |
151,994 |
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|
$ |
93,128 |
|
Commitments and contingencies (Note 13) |
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Stockholders’ equity |
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Common stock, $0.001 par value, 1,000,000 shares authorized, 163,118 shares issued
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163 |
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162 |
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Additional paid-in capital |
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729,899 |
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717,228 |
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Treasury stock, at cost, 91 shares and 50 shares as of March 31, 2022 and December 31, 2021, respectively |
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(2,860 |
) |
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(1,802 |
) |
Retained earnings |
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88,828 |
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|
84,249 |
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Accumulated other comprehensive loss, net of income taxes |
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(2,341 |
) |
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|
(771 |
) |
Total stockholders’ equity |
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|
813,689 |
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|
|
799,066 |
|
Total liabilities and stockholders' equity |
|
$ |
965,683 |
|
|
$ |
892,194 |
|
DoubleVerify Holdings, Inc. |
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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME |
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(UNAUDITED) |
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Three Months Ended March 31, |
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(in thousands, except per share data) |
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2022 |
|
2021 |
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Revenue |
|
$ |
96,723 |
|
|
$ |
67,586 |
|
Cost of revenue (exclusive of depreciation and amortization shown separately below) |
|
|
16,877 |
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|
|
10,203 |
|
Product development |
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|
21,588 |
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|
14,179 |
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Sales, marketing and customer support |
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|
26,684 |
|
|
|
15,534 |
|
General and administrative |
|
|
19,675 |
|
|
|
11,835 |
|
Depreciation and amortization |
|
|
9,040 |
|
|
|
7,057 |
|
Income from operations |
|
|
2,859 |
|
|
|
8,778 |
|
Interest expense |
|
|
232 |
|
|
|
390 |
|
Other expense (income), net |
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|
46 |
|
|
|
(49 |
) |
Income before income taxes |
|
|
2,581 |
|
|
|
8,437 |
|
Income tax (benefit) expense |
|
|
(1,998 |
) |
|
|
2,793 |
|
Net income |
|
$ |
4,579 |
|
|
$ |
5,644 |
|
Earnings per share: |
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|
|
|
|
|
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Basic |
|
$ |
0.03 |
|
|
$ |
0.05 |
|
Diluted |
|
$ |
0.03 |
|
|
$ |
0.04 |
|
Weighted-average common stock outstanding: |
|
|
|
|
|
|
||
Basic |
|
|
162,612 |
|
|
|
125,112 |
|
Diluted |
|
|
170,439 |
|
|
|
133,578 |
|
Comprehensive income: |
|
|
|
|
|
|
||
Net income |
|
$ |
4,579 |
|
|
$ |
5,644 |
|
Other comprehensive income: |
|
|
|
|
|
|
||
Foreign currency cumulative translation adjustment |
|
|
(1,570 |
) |
|
|
(799 |
) |
Total comprehensive income |
|
$ |
3,009 |
|
|
$ |
4,845 |
|
DoubleVerify Holdings, Inc. |
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CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (UNAUDITED) |
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Accumulated |
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Other |
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Comprehensive |
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Additional |
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Income (Loss) |
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Total |
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|
|
Common Stock |
|
Preferred Stock |
|
Treasury Stock |
|
Paid-in |
|
Retained |
|
Net of |
|
Stockholders’ |
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(in thousands) |
|
Shares |
|
Amount |
|
Shares |
|
Amount |
|
Shares |
|
Amount |
|
Capital |
|
Earnings |
|
Income Taxes |
|
Equity |
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Balance as of January 1, 2022 |
|
162,347 |
|
$ |
162 |
|
— |
|
$ |
— |
|
50 |
|
$ |
(1,802 |
) |
|
$ |
717,228 |
|
$ |
84,249 |
|
$ |
(771 |
) |
|
$ |
799,066 |
|
Foreign currency translation adjustment |
|
— |
|
|
— |
|
— |
|
|
— |
|
— |
|
|
— |
|
|
|
— |
|
|
— |
|
|
(1,570 |
) |
|
|
(1,570 |
) |
Shares repurchased for settlement of employee tax withholdings |
|
— |
|
|
— |
|
— |
|
|
— |
|
41 |
|
|
(1,058 |
) |
|
|
— |
|
|
— |
|
|
— |
|
|
|
(1,058 |
) |
Stock-based compensation expense |
|
— |
|
|
— |
|
— |
|
|
— |
|
— |
|
|
— |
|
|
|
10,994 |
|
|
— |
|
|
— |
|
|
|
10,994 |
|
Common stock issued to non-employees |
|
4 |
|
|
— |
|
— |
|
|
— |
|
— |
|
|
— |
|
|
|
— |
|
|
— |
|
|
— |
|
|
|
— |
|
Common stock issued upon exercise of stock options |
|
572 |
|
|
1 |
|
— |
|
|
— |
|
— |
|
|
— |
|
|
|
1,677 |
|
|
— |
|
|
— |
|
|
|
1,678 |
|
Common stock issued upon vesting of restricted stock units |
|
195 |
|
|
— |
|
— |
|
|
— |
|
— |
|
|
— |
|
|
|
— |
|
|
— |
|
|
— |
|
|
|
— |
|
Net income |
|
— |
|
|
— |
|
— |
|
|
— |
|
— |
|
|
— |
|
|
|
— |
|
|
4,579 |
|
|
— |
|
|
|
4,579 |
|
Balance as of March 31, 2022 |
|
163,118 |
|
$ |
163 |
|
— |
|
$ |
— |
|
91 |
|
$ |
(2,860 |
) |
|
$ |
729,899 |
|
$ |
88,828 |
|
$ |
(2,341 |
) |
|
$ |
813,689 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
Balance as of January 1, 2021 |
|
140,222 |
|
$ |
140 |
|
61,006 |
|
$ |
610 |
|
15,146 |
|
$ |
(260,686 |
) |
|
$ |
620,679 |
|
$ |
54,941 |
|
$ |
1,011 |
|
|
$ |
416,695 |
|
Foreign currency translation adjustment |
|
— |
|
|
— |
|
— |
|
|
— |
|
— |
|
|
— |
|
|
|
— |
|
|
— |
|
|
(799 |
) |
|
|
(799 |
) |
Stock-based compensation expense |
|
— |
|
|
— |
|
— |
|
|
— |
|
— |
|
|
— |
|
|
|
2,538 |
|
|
— |
|
|
— |
|
|
|
2,538 |
|
Common stock issued upon exercise of stock options |
|
180 |
|
|
— |
|
— |
|
|
— |
|
— |
|
|
— |
|
|
|
538 |
|
|
— |
|
|
— |
|
|
|
538 |
|
Net income |
|
— |
|
|
— |
|
— |
|
|
— |
|
— |
|
|
— |
|
|
|
— |
|
|
5,644 |
|
|
— |
|
|
|
5,644 |
|
Balance as of March 31, 2021 |
|
140,402 |
|
$ |
140 |
|
61,006 |
|
$ |
610 |
|
15,146 |
|
$ |
(260,686 |
) |
|
$ |
623,755 |
|
$ |
60,585 |
|
$ |
212 |
|
|
$ |
424,616 |
|
DoubleVerify Holdings, Inc. |
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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) |
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Three Months Ended |
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|
|
March 31, |
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(in thousands) |
|
2022 |
|
2021 |
||||
Operating activities: |
|
|
|
|
|
|
||
Net income |
|
$ |
4,579 |
|
|
$ |
5,644 |
|
Adjustments to reconcile net income to net cash provided by operating activities |
|
|
|
|
|
|
||
Bad debt expense (recovery) |
|
|
1,079 |
|
|
|
(390 |
) |
Depreciation and amortization expense |
|
|
9,040 |
|
|
|
7,057 |
|
Amortization of debt issuance costs |
|
|
74 |
|
|
|
74 |
|
Non-cash lease expense |
|
|
2,002 |
|
|
|
— |
|
Deferred taxes |
|
|
(2,016 |
) |
|
|
(1,328 |
) |
Stock-based compensation expense |
|
|
10,994 |
|
|
|
2,538 |
|
Interest (income) expense |
|
|
(14 |
) |
|
|
66 |
|
Loss on disposal of fixed assets |
|
|
471 |
|
|
|
— |
|
Offering costs |
|
|
— |
|
|
|
3,073 |
|
Other |
|
|
(150 |
) |
|
|
(68 |
) |
Changes in operating assets and liabilities net of effect of business combinations |
|
|
|
|
|
|
||
Trade receivables |
|
|
(12,224 |
) |
|
|
7,803 |
|
Prepaid expenses and other assets |
|
|
(2,332 |
) |
|
|
1,742 |
|
Trade payables |
|
|
2 |
|
|
|
(524 |
) |
Accrued expenses and other liabilities |
|
|
(13,754 |
) |
|
|
(6,223 |
) |
Net cash (used in) provided by operating activities |
|
|
(2,249 |
) |
|
|
19,464 |
|
Investing activities: |
|
|
|
|
|
|
||
Purchase of property, plant and equipment |
|
|
(4,759 |
) |
|
|
(1,915 |
) |
Net cash (used in) investing activities |
|
|
(4,759 |
) |
|
|
(1,915 |
) |
Financing activities: |
|
|
|
|
|
|
||
Payment of contingent consideration related to Zentrick acquisition |
|
|
(3,247 |
) |
|
|
— |
|
Proceeds from common stock issued upon exercise of stock options |
|
|
1,678 |
|
|
|
538 |
|
Payments related to offering costs |
|
|
(6 |
) |
|
|
(1,181 |
) |
Finance lease payments |
|
|
(480 |
) |
|
|
(235 |
) |
Shares repurchased for settlement of employee tax withholdings |
|
|
(1,058 |
) |
|
|
— |
|
Net cash (used in) financing activities |
|
|
(3,113 |
) |
|
|
(878 |
) |
Effect of exchange rate changes on cash and cash equivalents and restricted cash |
|
|
131 |
|
|
|
(209 |
) |
Net (decrease) increase in cash, cash equivalents, and restricted cash |
|
|
(9,990 |
) |
|
|
16,462 |
|
Cash, cash equivalents, and restricted cash - Beginning of period |
|
|
221,725 |
|
|
|
33,395 |
|
Cash, cash equivalents, and restricted cash - End of period |
|
$ |
211,735 |
|
|
$ |
49,857 |
|
|
|
|
|
|
|
|
||
Cash and cash equivalents |
|
|
211,600 |
|
|
|
49,815 |
|
Restricted cash (included in prepaid expenses and other current assets on the Condensed Consolidated Balance Sheets) |
|
|
135 |
|
|
|
42 |
|
Total cash and cash equivalents and restricted cash |
|
$ |
211,735 |
|
|
$ |
49,857 |
|
Supplemental cash flow information: |
|
|
|
|
|
|
||
Cash paid for taxes |
|
|
948 |
|
|
|
1,045 |
|
Cash paid for interest |
|
|
244 |
|
|
|
147 |
|
Non-cash investing and financing activities: |
|
|
|
|
|
|
||
Right-of-use assets obtained in exchange for new operating lease liabilities |
|
|
79,563 |
|
|
|
— |
|
Acquisition of equipment under finance lease |
|
|
— |
|
|
|
1,518 |
|
Offering costs included in accounts payable and accrued expense |
|
|
— |
|
|
1,889 |
||
Comparison of the Three Months Ended March 31, 2022 and March 31, 2021 |
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Revenue |
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|
|
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|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, |
|
Change |
|
Change |
||||||
|
2022 |
|
2021 |
|
$ |
|
% |
||||
|
(In Thousands) |
|
|
|
|
|
|
||||
Revenue by customer type: |
|
|
|
|
|
|
|
|
|
|
|
Measurement (f/k/a Advertiser - direct) |
$ |
33,834 |
|
$ |
27,541 |
|
$ |
6,293 |
|
23 |
% |
Activation (f/k/a Advertiser - programmatic) |
|
53,031 |
|
|
33,912 |
|
|
19,119 |
|
56 |
|
Supply-side customer |
|
9,858 |
|
|
6,133 |
|
|
3,725 |
|
61 |
|
Total revenue |
$ |
96,723 |
|
$ |
67,586 |
|
$ |
29,137 |
|
43 |
% |
Adjusted EBITDA
In addition to our results determined in accordance with GAAP, we believe that certain non-GAAP financial measures, including Adjusted EBITDA and Adjusted EBITDA Margin, are useful in evaluating our business. We calculate Adjusted EBITDA Margin as Adjusted EBITDA divided by total revenue. The following table presents a reconciliation of Adjusted EBITDA, a non-GAAP financial measure, to the most directly comparable financial measure prepared in accordance with GAAP.
|
|
|
|
|
|
||
|
Three Months Ended March 31, |
||||||
|
2022 |
|
2021 |
||||
|
(In Thousands) |
||||||
Net income |
$ |
4,579 |
|
|
$ |
5,644 |
|
Net income margin |
|
5 |
% |
|
|
8 |
% |
Depreciation and amortization |
|
9,040 |
|
|
|
7,057 |
|
Stock-based compensation |
|
10,994 |
|
|
|
2,538 |
|
Interest expense |
|
232 |
|
|
|
390 |
|
Income tax (benefit) expense |
|
(1,998 |
) |
|
|
2,793 |
|
M&A and restructuring costs (recoveries) (a) |
|
653 |
|
|
|
(18 |
) |
Offering, IPO readiness and secondary offering costs (b) |
|
— |
|
|
|
3,261 |
|
Other costs (c) |
|
1,197 |
|
|
|
109 |
|
Other expense (income) (d) |
|
46 |
|
|
|
(49 |
) |
Adjusted EBITDA |
$ |
24,743 |
|
|
$ |
21,725 |
|
Adjusted EBITDA margin |
|
26 |
% |
|
|
32 |
% |
| ________________________ | ||
(a) |
|
M&A and restructuring costs for the three months ended March 31, 2022 consist of transaction costs, integration and restructuring costs related to the acquisition of OpenSlate. M&A recoveries for the three months ended March 31, 2021 consist of reductions to deferred compensation liabilities related to acquisitions. |
(b) |
|
Offering, IPO readiness and secondary offering costs for the three months ended March 31, 2022 and March 31, 2021 consist of third-party costs incurred for our IPO and secondary offering. |
| (c) |
|
Other costs for the three months ended March 31, 2022 consist of costs related to the departures of the Company’s former Chief Operating Officer and Chief Customer Officer, and of costs related to the disposal of furniture for an unoccupied lease office space. For the three months ended March 31, 2021, other costs include reimbursements paid to Providence. |
| (d) |
|
Other expense (income) for the three months ended March 31, 2022 and March 31, 2021 consists of the impact of foreign currency transaction gains and losses associated with monetary assets and liabilities. |
We use Adjusted EBITDA and Adjusted EBITDA Margin as measures of operational efficiency to understand and evaluate our core business operations. We believe that these non-GAAP financial measures are useful to investors for period to period comparisons of our core business and for understanding and evaluating trends in our operating results on a consistent basis by excluding items that we do not believe are indicative of our core operating performance.
These non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation or as substitutes for an analysis of our results as reported under GAAP. Some of the limitations of these measures are:
In addition, other companies in our industry may calculate these non-GAAP financial measures differently than we do, limiting their usefulness as a comparative measure. You should compensate for these limitations by relying primarily on our GAAP results and using the non-GAAP financial measures only supplementally.
Total stock-based compensation expense recorded in the Consolidated Statements of Operations and Comprehensive Income is as follows:
|
|
|
|
|
|
|
|
|
Three Months Ended |
||||
|
|
March 31, |
||||
(in thousands) |
|
2022 |
|
2021 |
||
Product development |
|
$ |
3,366 |
|
$ |
278 |
Sales, marketing and customer support |
|
|
3,829 |
|
|
624 |
General and administrative |
|
|
3,799 |
|
|
1,636 |
Total stock-based compensation |
|
$ |
10,994 |
|
$ |
2,538 |
Forward-Looking Statements
This press release includes “forward-looking statements”. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “plan,” “seek,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe” or “continue” or the negative thereof or variations thereon or similar terminology. Any statements in this press release regarding future revenues, earnings, margins, financial performance or results of operations (including the guidance provided under “Second Quarter and Full-Year 2022 Guidance”), and any other statements that are not historical facts are forward-looking statements. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond our control. We caution you that the forward-looking information presented in this press release is not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking information contained in this press release. These risks, uncertainties, assumptions and other factors include, but are not limited to, the competitiveness of our solutions amid technological developments or evolving industry standards, the competitiveness of our market, system failures, security breaches, cyberattacks or natural disasters, economic downturns and unstable market conditions, our ability to collect payments, data privacy legislation and regulation, public criticism of digital advertising technology, our international operations, our use of “open source” software, our limited operating history and the potential for our revenues and results of operations to fluctuate in the future. Moreover, we operate in a very competitive and rapidly changing environment, and new risks may emerge from time to time. It is not possible for us to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results or outcomes to differ materially from those contained in any forward-looking statements we may make.
Further information on these and additional risks, uncertainties, and other factors that could cause actual outcomes and results to differ materially from those included in or contemplated by the forward-looking statements contained in this press release are included under the caption “Risk Factors” under our Annual Report on Form 10-K filed with the SEC on March 8, 2022 and other filings and reports we make with the SEC from time to time.
We have based our forward-looking statements on our management’s beliefs and assumptions based on information available to our management at the time the statements are made. Any forward-looking information presented herein is made only as of the date of this press release, and, except as required by law, we do not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.
About DoubleVerify
DoubleVerify is a leading software platform for digital media measurement and analytics. Our mission is to make the digital advertising ecosystem stronger, safer and more secure, thereby preserving the fair value exchange between buyers and sellers of digital media. Hundreds of Fortune 500 advertisers employ our unbiased data and analytics to drive campaign quality and effectiveness, and to maximize return on their digital advertising investments – globally.
Выручка увеличилась на 43% в годовом исчислении до 96,7 млн долларов, что является рекордом для Первого квартала, Что обусловлено глобальным ростом активности перед Кампанией в Программных, социальных сетях и CTV
Выручка от активации увеличилась на 56% до 53,0 млн долларов
Достигнутая чистая прибыль составила 4,6 миллиона долларов, а скорректированная EBITDA за первый квартал составила рекордные 24,7 миллиона долларов
Увеличил Выручку за весь 2022 год и Скорректировал прогноз по EBITDA
НЬЮ-ЙОРК -- (BUSINESS WIRE)-- DoubleVerify (“DV”) (NYSE: DV), ведущая программная платформа для измерения цифровых медиа, сбора данных и аналитики, сегодня объявила финансовые результаты за первый квартал, закончившийся 31 марта 2022 года.
“В 2022 году мы вышли из ворот исключительно сильными”, - сказал Марк Загорски, генеральный директор DoubleVerify. “Наши инвестиции в инновации и глобальный масштаб принесли рекордную выручку в первом квартале и темпы роста, которые превзошли наши ожидания. Выручка и объем продаж как при активации, так и при измерении росли по мере того, как рекламодатели продолжали использовать и расширять свои отношения с DV на основе наших основных, непредвзятых решений. Наш успех в области инноваций продуктов, ведущие в отрасли аккредитации в быстрорастущих секторах, таких как programmatic и CTV, а также более широкое международное присутствие привели к новым победам корпоративных клиентов и значимым возможностям расширения нашей существующей клиентской базы "голубых фишек". Мы повысили наш прогноз на весь год и по-прежнему уверены в нашей способности поддерживать высокие темпы роста в 2022 году и далее”.
Основные финансовые показатели Первого квартала 2022 года: (Все сравнения относятся к первому кварталу 2021 года)
Первый квартал и последние события в бизнесе:
“Мы добились значительного роста выручки в первом квартале благодаря успеху нашей продукции в быстрорастущих секторах, таких как Programmatic и CTV, а также превзошли показатели скорректированной рентабельности по EBITDA”, - сказала Никола Алле, финансовый директор DoubleVerify. “Мы продолжаем поддерживать нашу долгосрочную траекторию роста, используя нашу сильную денежную позицию, чтобы продолжать стратегически инвестировать в наш бизнес, нанимая и удерживая лучших специалистов и разрабатывая лидирующие на рынке продукты. Прогноз на второй квартал остается высоким, что дает нам уверенность в повышении нашей выручки и скорректированном прогнозе EBITDA на весь 2022 год”.
Прогноз на второй квартал и весь 2022 год:
DoubleVerify ожидает, что выручка и скорректированная EBITDA будут находиться в следующих диапазонах:
Второй квартал 2022 года:
Полный 2022 год:
Что касается ожиданий Компании в соответствии с "Руководством по второму кварталу и полному 2022 году" выше, Компания не сверила показатель EBITDA, скорректированный не по GAAP, с показателем чистой прибыли по GAAP в этом пресс-релизе, поскольку Компания не предоставляет рекомендаций по компенсационным расходам на основе акций, расходам на износ и амортизацию, затраты, связанные с приобретением, процентный доход и налоги на прибыль на постоянной основе, поскольку Компания не может количественно оценить эти суммы без необоснованных усилий, которые потребовались бы для сверки скорректированной EBITDA с чистой прибылью по GAAP. Кроме того, Компания считает, что такая сверка будет подразумевать определенную степень точности, которая может ввести инвесторов в заблуждение или ввести в заблуждение.
Конференц-связь, Веб-трансляция и Другая информация
DoubleVerify проведет телефонную конференцию и прямую веб-трансляцию, чтобы обсудить свои финансовые результаты за первый квартал 2022 года в 4:30 вечера по восточному времени сегодня, 10 мая 2022 года. Чтобы получить доступ к конференц-связи, наберите (877) 841-2987 для США или Канады или (215) 268-9878 для международных абонентов. Веб-трансляция будет доступна в прямом эфире в разделе "Инвесторы" веб-сайта Компании по адресу https://ir .DoubleVerify.com /. Архивная веб-трансляция будет доступна примерно через два часа после завершения прямого эфира.
Кроме того, DoubleVerify планирует разместить определенную дополнительную историческую ежеквартальную финансовую информацию в разделе по связям с инвесторами своего веб-сайта для легкого доступа инвесторов.
Ключевые Бизнес-Термины
Доход от измерения генерируется за счет проверки и измерения показов рекламы, которые непосредственно приобретаются на цифровых носителях, включая издателей и платформы социальных сетей.
Доход от активации генерируется за счет оценки, проверки и измерения показов рекламы, приобретенных с помощью программных платформ спроса и социальных сетей.
Доход от предложения генерируется платформами и партнерами-издателями, которые используют аналитику данных DoubleVerify для оценки, проверки и измерения своего рекламного инвентаря.
Коэффициент удержания валовой выручки - это общая выручка за предыдущий период, полученная от клиентов рекламодателя, за вычетом части выручки за предыдущий период, приходящейся на потерянных клиентов рекламодателя, деленная на общую выручку за предыдущий период от клиентов рекламодателя.
Измеренные медиа-транзакции (MTM) - это объем медиа-транзакций, который измеряет программная платформа DoubleVerify.
Измеренная комиссия за транзакцию (MTF) - это фиксированная плата, взимаемая DoubleVerify за тысячу измеренных транзакций Мультимедиа.
DoubleVerify Holdings, Inc. |
||||||||
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) |
||||||||
|
|
|
|
|
|
|
||
|
|
As of |
|
As of |
||||
(in thousands, except per share data) |
|
March 31, 2022 |
|
December 31, 2021 |
||||
Assets: |
|
|
|
|
|
|
||
Current assets |
|
|
|
|
|
|
||
Cash and cash equivalents |
|
$ |
211,600 |
|
|
$ |
221,591 |
|
Trade receivables, net of allowances for doubtful accounts of $7,315 and $6,527 as
|
|
|
134,030 |
|
|
|
122,938 |
|
Prepaid expenses and other current assets |
|
|
24,979 |
|
|
|
23,295 |
|
Total current assets |
|
|
370,609 |
|
|
|
367,824 |
|
Property, plant and equipment, net |
|
|
19,152 |
|
|
|
17,575 |
|
Operating lease right-of-use assets, net |
|
|
76,825 |
|
|
|
— |
|
Goodwill |
|
|
342,666 |
|
|
|
350,560 |
|
Intangible assets, net |
|
|
154,512 |
|
|
|
153,395 |
|
Deferred tax assets |
|
|
60 |
|
|
|
60 |
|
Other non-current assets |
|
|
1,859 |
|
|
|
2,780 |
|
Total assets |
|
$ |
965,683 |
|
|
$ |
892,194 |
|
Liabilities and Stockholders' Equity: |
|
|
|
|
|
|
||
Current liabilities |
|
|
|
|
|
|
||
Trade payables |
|
$ |
3,821 |
|
|
$ |
3,853 |
|
Accrued expense |
|
|
26,190 |
|
|
|
41,456 |
|
Operating lease liabilities, current |
|
|
4,909 |
|
|
|
— |
|
Income tax liabilities |
|
|
996 |
|
|
|
1,321 |
|
Current portion of finance lease obligations |
|
|
2,027 |
|
|
|
1,970 |
|
Contingent considerations, current |
|
|
— |
|
|
|
1,717 |
|
Other current liabilities |
|
|
6,745 |
|
|
|
6,716 |
|
Total current liabilities |
|
|
44,688 |
|
|
|
57,033 |
|
Operating lease liabilities, non-current |
|
|
74,334 |
|
|
|
— |
|
Finance lease obligations |
|
|
2,043 |
|
|
|
2,579 |
|
Deferred tax liabilities |
|
|
28,291 |
|
|
|
30,307 |
|
Other non-current liabilities |
|
|
2,638 |
|
|
|
3,209 |
|
Total liabilities |
|
$ |
151,994 |
|
|
$ |
93,128 |
|
Commitments and contingencies (Note 13) |
|
|
|
|
|
|
||
Stockholders’ equity |
|
|
|
|
|
|
||
Common stock, $0.001 par value, 1,000,000 shares authorized, 163,118 shares issued
|
|
|
163 |
|
|
|
162 |
|
Additional paid-in capital |
|
|
729,899 |
|
|
|
717,228 |
|
Treasury stock, at cost, 91 shares and 50 shares as of March 31, 2022 and December 31, 2021, respectively |
|
|
(2,860 |
) |
|
|
(1,802 |
) |
Retained earnings |
|
|
88,828 |
|
|
|
84,249 |
|
Accumulated other comprehensive loss, net of income taxes |
|
|
(2,341 |
) |
|
|
(771 |
) |
Total stockholders’ equity |
|
|
813,689 |
|
|
|
799,066 |
|
Total liabilities and stockholders' equity |
|
$ |
965,683 |
|
|
$ |
892,194 |
|
DoubleVerify Holdings, Inc. |
||||||||
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME |
||||||||
(UNAUDITED) |
||||||||
|
|
|
|
|
|
|
||
|
|
Three Months Ended March 31, |
||||||
(in thousands, except per share data) |
|
2022 |
|
2021 |
||||
Revenue |
|
$ |
96,723 |
|
|
$ |
67,586 |
|
Cost of revenue (exclusive of depreciation and amortization shown separately below) |
|
|
16,877 |
|
|
|
10,203 |
|
Product development |
|
|
21,588 |
|
|
|
14,179 |
|
Sales, marketing and customer support |
|
|
26,684 |
|
|
|
15,534 |
|
General and administrative |
|
|
19,675 |
|
|
|
11,835 |
|
Depreciation and amortization |
|
|
9,040 |
|
|
|
7,057 |
|
Income from operations |
|
|
2,859 |
|
|
|
8,778 |
|
Interest expense |
|
|
232 |
|
|
|
390 |
|
Other expense (income), net |
|
|
46 |
|
|
|
(49 |
) |
Income before income taxes |
|
|
2,581 |
|
|
|
8,437 |
|
Income tax (benefit) expense |
|
|
(1,998 |
) |
|
|
2,793 |
|
Net income |
|
$ |
4,579 |
|
|
$ |
5,644 |
|
Earnings per share: |
|
|
|
|
|
|
||
Basic |
|
$ |
0.03 |
|
|
$ |
0.05 |
|
Diluted |
|
$ |
0.03 |
|
|
$ |
0.04 |
|
Weighted-average common stock outstanding: |
|
|
|
|
|
|
||
Basic |
|
|
162,612 |
|
|
|
125,112 |
|
Diluted |
|
|
170,439 |
|
|
|
133,578 |
|
Comprehensive income: |
|
|
|
|
|
|
||
Net income |
|
$ |
4,579 |
|
|
$ |
5,644 |
|
Other comprehensive income: |
|
|
|
|
|
|
||
Foreign currency cumulative translation adjustment |
|
|
(1,570 |
) |
|
|
(799 |
) |
Total comprehensive income |
|
$ |
3,009 |
|
|
$ |
4,845 |
|
DoubleVerify Holdings, Inc. |
||||||||||||||||||||||||||||||
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (UNAUDITED) |
||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated |
|
|
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other |
|
|
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive |
|
|
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additional |
|
|
|
|
Income (Loss) |
|
Total |
||||||
|
|
Common Stock |
|
Preferred Stock |
|
Treasury Stock |
|
Paid-in |
|
Retained |
|
Net of |
|
Stockholders’ |
||||||||||||||||
(in thousands) |
|
Shares |
|
Amount |
|
Shares |
|
Amount |
|
Shares |
|
Amount |
|
Capital |
|
Earnings |
|
Income Taxes |
|
Equity |
||||||||||
Balance as of January 1, 2022 |
|
162,347 |
|
$ |
162 |
|
— |
|
$ |
— |
|
50 |
|
$ |
(1,802 |
) |
|
$ |
717,228 |
|
$ |
84,249 |
|
$ |
(771 |
) |
|
$ |
799,066 |
|
Foreign currency translation adjustment |
|
— |
|
|
— |
|
— |
|
|
— |
|
— |
|
|
— |
|
|
|
— |
|
|
— |
|
|
(1,570 |
) |
|
|
(1,570 |
) |
Shares repurchased for settlement of employee tax withholdings |
|
— |
|
|
— |
|
— |
|
|
— |
|
41 |
|
|
(1,058 |
) |
|
|
— |
|
|
— |
|
|
— |
|
|
|
(1,058 |
) |
Stock-based compensation expense |
|
— |
|
|
— |
|
— |
|
|
— |
|
— |
|
|
— |
|
|
|
10,994 |
|
|
— |
|
|
— |
|
|
|
10,994 |
|
Common stock issued to non-employees |
|
4 |
|
|
— |
|
— |
|
|
— |
|
— |
|
|
— |
|
|
|
— |
|
|
— |
|
|
— |
|
|
|
— |
|
Common stock issued upon exercise of stock options |
|
572 |
|
|
1 |
|
— |
|
|
— |
|
— |
|
|
— |
|
|
|
1,677 |
|
|
— |
|
|
— |
|
|
|
1,678 |
|
Common stock issued upon vesting of restricted stock units |
|
195 |
|
|
— |
|
— |
|
|
— |
|
— |
|
|
— |
|
|
|
— |
|
|
— |
|
|
— |
|
|
|
— |
|
Net income |
|
— |
|
|
— |
|
— |
|
|
— |
|
— |
|
|
— |
|
|
|
— |
|
|
4,579 |
|
|
— |
|
|
|
4,579 |
|
Balance as of March 31, 2022 |
|
163,118 |
|
$ |
163 |
|
— |
|
$ |
— |
|
91 |
|
$ |
(2,860 |
) |
|
$ |
729,899 |
|
$ |
88,828 |
|
$ |
(2,341 |
) |
|
$ |
813,689 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
Balance as of January 1, 2021 |
|
140,222 |
|
$ |
140 |
|
61,006 |
|
$ |
610 |
|
15,146 |
|
$ |
(260,686 |
) |
|
$ |
620,679 |
|
$ |
54,941 |
|
$ |
1,011 |
|
|
$ |
416,695 |
|
Foreign currency translation adjustment |
|
— |
|
|
— |
|
— |
|
|
— |
|
— |
|
|
— |
|
|
|
— |
|
|
— |
|
|
(799 |
) |
|
|
(799 |
) |
Stock-based compensation expense |
|
— |
|
|
— |
|
— |
|
|
— |
|
— |
|
|
— |
|
|
|
2,538 |
|
|
— |
|
|
— |
|
|
|
2,538 |
|
Common stock issued upon exercise of stock options |
|
180 |
|
|
— |
|
— |
|
|
— |
|
— |
|
|
— |
|
|
|
538 |
|
|
— |
|
|
— |
|
|
|
538 |
|
Net income |
|
— |
|
|
— |
|
— |
|
|
— |
|
— |
|
|
— |
|
|
|
— |
|
|
5,644 |
|
|
— |
|
|
|
5,644 |
|
Balance as of March 31, 2021 |
|
140,402 |
|
$ |
140 |
|
61,006 |
|
$ |
610 |
|
15,146 |
|
$ |
(260,686 |
) |
|
$ |
623,755 |
|
$ |
60,585 |
|
$ |
212 |
|
|
$ |
424,616 |
|
DoubleVerify Holdings, Inc. |
||||||||
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) |
||||||||
|
|
|
|
|
|
|||
|
|
Three Months Ended |
||||||
|
|
March 31, |
||||||
(in thousands) |
|
2022 |
|
2021 |
||||
Operating activities: |
|
|
|
|
|
|
||
Net income |
|
$ |
4,579 |
|
|
$ |
5,644 |
|
Adjustments to reconcile net income to net cash provided by operating activities |
|
|
|
|
|
|
||
Bad debt expense (recovery) |
|
|
1,079 |
|
|
|
(390 |
) |
Depreciation and amortization expense |
|
|
9,040 |
|
|
|
7,057 |
|
Amortization of debt issuance costs |
|
|
74 |
|
|
|
74 |
|
Non-cash lease expense |
|
|
2,002 |
|
|
|
— |
|
Deferred taxes |
|
|
(2,016 |
) |
|
|
(1,328 |
) |
Stock-based compensation expense |
|
|
10,994 |
|
|
|
2,538 |
|
Interest (income) expense |
|
|
(14 |
) |
|
|
66 |
|
Loss on disposal of fixed assets |
|
|
471 |
|
|
|
— |
|
Offering costs |
|
|
— |
|
|
|
3,073 |
|
Other |
|
|
(150 |
) |
|
|
(68 |
) |
Changes in operating assets and liabilities net of effect of business combinations |
|
|
|
|
|
|
||
Trade receivables |
|
|
(12,224 |
) |
|
|
7,803 |
|
Prepaid expenses and other assets |
|
|
(2,332 |
) |
|
|
1,742 |
|
Trade payables |
|
|
2 |
|
|
|
(524 |
) |
Accrued expenses and other liabilities |
|
|
(13,754 |
) |
|
|
(6,223 |
) |
Net cash (used in) provided by operating activities |
|
|
(2,249 |
) |
|
|
19,464 |
|
Investing activities: |
|
|
|
|
|
|
||
Purchase of property, plant and equipment |
|
|
(4,759 |
) |
|
|
(1,915 |
) |
Net cash (used in) investing activities |
|
|
(4,759 |
) |
|
|
(1,915 |
) |
Financing activities: |
|
|
|
|
|
|
||
Payment of contingent consideration related to Zentrick acquisition |
|
|
(3,247 |
) |
|
|
— |
|
Proceeds from common stock issued upon exercise of stock options |
|
|
1,678 |
|
|
|
538 |
|
Payments related to offering costs |
|
|
(6 |
) |
|
|
(1,181 |
) |
Finance lease payments |
|
|
(480 |
) |
|
|
(235 |
) |
Shares repurchased for settlement of employee tax withholdings |
|
|
(1,058 |
) |
|
|
— |
|
Net cash (used in) financing activities |
|
|
(3,113 |
) |
|
|
(878 |
) |
Effect of exchange rate changes on cash and cash equivalents and restricted cash |
|
|
131 |
|
|
|
(209 |
) |
Net (decrease) increase in cash, cash equivalents, and restricted cash |
|
|
(9,990 |
) |
|
|
16,462 |
|
Cash, cash equivalents, and restricted cash - Beginning of period |
|
|
221,725 |
|
|
|
33,395 |
|
Cash, cash equivalents, and restricted cash - End of period |
|
$ |
211,735 |
|
|
$ |
49,857 |
|
|
|
|
|
|
|
|
||
Cash and cash equivalents |
|
|
211,600 |
|
|
|
49,815 |
|
Restricted cash (included in prepaid expenses and other current assets on the Condensed Consolidated Balance Sheets) |
|
|
135 |
|
|
|
42 |
|
Total cash and cash equivalents and restricted cash |
|
$ |
211,735 |
|
|
$ |
49,857 |
|
Supplemental cash flow information: |
|
|
|
|
|
|
||
Cash paid for taxes |
|
|
948 |
|
|
|
1,045 |
|
Cash paid for interest |
|
|
244 |
|
|
|
147 |
|
Non-cash investing and financing activities: |
|
|
|
|
|
|
||
Right-of-use assets obtained in exchange for new operating lease liabilities |
|
|
79,563 |
|
|
|
— |
|
Acquisition of equipment under finance lease |
|
|
— |
|
|
|
1,518 |
|
Offering costs included in accounts payable and accrued expense |
|
|
— |
|
|
1,889 |
||
Comparison of the Three Months Ended March 31, 2022 and March 31, 2021 |
|||||||||||
Revenue |
|||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, |
|
Change |
|
Change |
||||||
|
2022 |
|
2021 |
|
$ |
|
% |
||||
|
(In Thousands) |
|
|
|
|
|
|
||||
Revenue by customer type: |
|
|
|
|
|
|
|
|
|
|
|
Measurement (f/k/a Advertiser - direct) |
$ |
33,834 |
|
$ |
27,541 |
|
$ |
6,293 |
|
23 |
% |
Activation (f/k/a Advertiser - programmatic) |
|
53,031 |
|
|
33,912 |
|
|
19,119 |
|
56 |
|
Supply-side customer |
|
9,858 |
|
|
6,133 |
|
|
3,725 |
|
61 |
|
Total revenue |
$ |
96,723 |
|
$ |
67,586 |
|
$ |
29,137 |
|
43 |
% |
Скорректированный показатель EBITDA
В дополнение к нашим результатам, определенным в соответствии с GAAP, мы считаем, что некоторые финансовые показатели, не относящиеся к GAAP, включая Скорректированную EBITDA и Скорректированную рентабельность по EBITDA, полезны при оценке нашего бизнеса. Мы рассчитываем Скорректированную рентабельность по EBITDA как Скорректированную EBITDA, деленную на общую выручку. В следующей таблице представлена сверка скорректированной EBITDA, финансового показателя, не относящегося к GAAP, с наиболее непосредственно сопоставимым финансовым показателем, подготовленным в соответствии с GAAP.
|
|
|
|
|
|
||
|
Three Months Ended March 31, |
||||||
|
2022 |
|
2021 |
||||
|
(In Thousands) |
||||||
Net income |
$ |
4,579 |
|
|
$ |
5,644 |
|
Net income margin |
|
5 |
% |
|
|
8 |
% |
Depreciation and amortization |
|
9,040 |
|
|
|
7,057 |
|
Stock-based compensation |
|
10,994 |
|
|
|
2,538 |
|
Interest expense |
|
232 |
|
|
|
390 |
|
Income tax (benefit) expense |
|
(1,998 |
) |
|
|
2,793 |
|
M&A and restructuring costs (recoveries) (a) |
|
653 |
|
|
|
(18 |
) |
Offering, IPO readiness and secondary offering costs (b) |
|
— |
|
|
|
3,261 |
|
Other costs (c) |
|
1,197 |
|
|
|
109 |
|
Other expense (income) (d) |
|
46 |
|
|
|
(49 |
) |
Adjusted EBITDA |
$ |
24,743 |
|
|
$ |
21,725 |
|
Adjusted EBITDA margin |
|
26 |
% |
|
|
32 |
% |
| ________________________ | ||
(a) |
|
M&A and restructuring costs for the three months ended March 31, 2022 consist of transaction costs, integration and restructuring costs related to the acquisition of OpenSlate. M&A recoveries for the three months ended March 31, 2021 consist of reductions to deferred compensation liabilities related to acquisitions. |
(b) |
|
Offering, IPO readiness and secondary offering costs for the three months ended March 31, 2022 and March 31, 2021 consist of third-party costs incurred for our IPO and secondary offering. |
| (c) |
|
Other costs for the three months ended March 31, 2022 consist of costs related to the departures of the Company’s former Chief Operating Officer and Chief Customer Officer, and of costs related to the disposal of furniture for an unoccupied lease office space. For the three months ended March 31, 2021, other costs include reimbursements paid to Providence. |
| (d) |
|
Other expense (income) for the three months ended March 31, 2022 and March 31, 2021 consists of the impact of foreign currency transaction gains and losses associated with monetary assets and liabilities. |
Мы используем Скорректированный показатель EBITDA и Скорректированную рентабельность по EBITDA в качестве показателей операционной эффективности для понимания и оценки наших основных бизнес-операций. Мы считаем, что эти финансовые показатели, не относящиеся к GAAP, полезны инвесторам для сравнения нашего основного бизнеса от периода к периоду, а также для понимания и оценки тенденций в наших операционных результатах на постоянной основе путем исключения статей, которые, по нашему мнению, не отражают наши основные операционные показатели.
Эти финансовые показатели, не относящиеся к GAAP, имеют ограничения в качестве аналитических инструментов и не должны рассматриваться изолированно или в качестве замены анализа наших результатов, представленных в соответствии с GAAP. Некоторые из ограничений этих мер заключаются в следующем:
Кроме того, другие компании в нашей отрасли могут рассчитывать эти финансовые показатели, не относящиеся к GAAP, иначе, чем мы, что ограничивает их полезность в качестве сравнительного показателя. Вы должны компенсировать эти ограничения, полагаясь в первую очередь на наши результаты по GAAP и используя финансовые показатели, не относящиеся к GAAP, только в качестве дополнения.
Общая сумма компенсационных расходов на основе акций, отраженных в Консолидированном отчете о прибылях и убытках, представлена следующим образом:
|
|
|
|
|
|
|
|
|
Three Months Ended |
||||
|
|
March 31, |
||||
(in thousands) |
|
2022 |
|
2021 |
||
Product development |
|
$ |
3,366 |
|
$ |
278 |
Sales, marketing and customer support |
|
|
3,829 |
|
|
624 |
General and administrative |
|
|
3,799 |
|
|
1,636 |
Total stock-based compensation |
|
$ |
10,994 |
|
$ |
2,538 |
Прогнозные заявления
Этот пресс-релиз включает в себя “заявления о перспективах”. Прогнозные заявления, как правило, могут быть идентифицированы с помощью прогнозной терминологии, такой как “может”, “планировать”, “стремиться”, “будет”, “ожидать”, “намереваться”, “оценивать”, “предвидеть”, “верить” или “продолжать” или отрицательный его или вариации на него или аналогичную терминологию. Любые заявления в этом пресс-релизе относительно будущих доходов, прибыли, маржи, финансовых показателей или результатов деятельности (включая рекомендации, представленные в разделе “Руководство по второму кварталу и на весь 2022 год”), а также любые другие заявления, которые не являются историческими фактами, являются прогнозными заявлениями. Прогнозные заявления подвержены известным и неизвестным рискам и неопределенностям, многие из которых могут находиться вне нашего контроля. Мы предупреждаем вас, что прогнозная информация, представленная в этом пресс-релизе, не является гарантией будущих событий и что фактические события могут существенно отличаться от тех, которые указаны или предполагаются прогнозной информацией, содержащейся в этом пресс-релизе. Эти риски, неопределенности, допущения и другие факторы включают, но не ограничиваются ими, конкурентоспособность наших решений на фоне технологических разработок или меняющихся отраслевых стандартов, конкурентоспособность нашего рынка, системные сбои, нарушения безопасности, кибератаки или стихийные бедствия, экономические спады и нестабильные рыночные условия, наша способность собирать платежи, законодательство и регулирование в области конфиденциальности данных, общественная критика технологии цифровой рекламы, наши международные операции, использование нами программного обеспечения с открытым исходным кодом, наша ограниченная история работы и возможность изменения наших доходов и результатов деятельности в будущем. Кроме того, мы работаем в очень конкурентной и быстро меняющейся среде, и время от времени могут возникать новые риски. Мы не можем предсказать все риски, а также оценить влияние всех факторов на наш бизнес или степень, в которой какой-либо фактор или комбинация факторов могут привести к тому, что фактические результаты или результаты будут существенно отличаться от тех, которые содержатся в любых прогнозных заявлениях, которые мы можем сделать.
Дополнительная информация об этих и дополнительных рисках, неопределенностях и других факторах, которые могут привести к тому, что фактические результаты и результаты будут существенно отличаться от тех, которые включены или предполагаются в прогнозных заявлениях, содержащихся в этом пресс-релизе, включена в заголовок “Факторы риска” нашего Годового отчета по форме 10-K, поданного в SEC от 8 марта 2022 года и другие заявки и отчеты, которые мы время от времени направляем в SEC.
Мы основывали наши прогнозные заявления на убеждениях и предположениях нашего руководства, основанных на информации, доступной нашему руководству на момент составления заявлений. Любая прогнозная информация, представленная здесь, предоставляется только на дату настоящего пресс-релиза, и, за исключением случаев, предусмотренных законом, мы не берем на себя никаких обязательств по обновлению или пересмотру любой прогнозной информации, чтобы отразить изменения в предположениях, возникновение непредвиденных событий или иным образом.
Об DoubleVerify
DoubleVerify - ведущая программная платформа для измерения и анализа цифровых медиа. Наша миссия состоит в том, чтобы сделать экосистему цифровой рекламы сильнее, безопаснее и безопаснее, тем самым сохраняя справедливый обмен ценностями между покупателями и продавцами цифровых медиа. Сотни рекламодателей из списка Fortune 500 используют наши объективные данные и аналитику для повышения качества и эффективности кампаний, а также для максимальной отдачи от своих инвестиций в цифровую рекламу – по всему миру.
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