Last 7 days
-6.2%
Last 30 days
-20.2%
Last 90 days
10.9%
Trailing 12 Months
-64.1%
Income Statement (Last 12 Months) | (In Thousands) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Revenue | -3.1% | 992,082 | 1,023,785 | 1,045,552 | 1,041,822 | 1,015,630 |
Gross Profit | -9.1% | 192,653 | 212,024 | 230,379 | 240,722 | 240,260 |
Operating Expenses | -3.1% | 206,201 | 212,865 | 230,563 | 220,872 | 205,704 |
S&GA Expenses | -2.0% | 108,816 | 111,054 | 110,249 | 103,313 | 95,786 |
R&D Expenses | -5.1% | 40,320 | 42,466 | 43,214 | 41,169 | 39,169 |
EBITDA | 118.2% | 6,841 | -37,650 | -15,806 | - | - |
EBITDA Margin | 118.6% | 0.01* | -0.04* | -0.02* | - | - |
Earnings Before Taxes | -63.7% | -18,573 | -11,348 | -54,453 | -29,770 | -14,535 |
EBT Margin | 78.7% | -0.01* | -0.05* | -0.03* | - | - |
Interest Expenses | -0.9% | 7,625 | 7,697 | 7,429 | 5,665 | 3,964 |
Net Income | -211.1% | -24,581 | 22,122 | -27,160 | -1,641 | 10,995 |
Net Income Margin | 183.2% | 0.02* | -0.03* | 0.00* | - | - |
Free Cahsflow | -402.1% | -34,291 | 11,349 | 36,402 | - | - |
Balance Sheet | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Assets | 3.7% | 781 | 753 | 794 | 804 | 796 |
Current Assets | 3.8% | 501 | 482 | 603 | 616 | 676 |
Cash Equivalents | -23.3% | 106 | 138 | 391 | 411 | 455 |
Net PPE | 5.7% | 30.00 | 28.00 | - | - | - |
Goodwill | 0% | 63.00 | 63.00 | 63.00 | 63.00 | 33.00 |
Liabilities | 6.7% | 563 | 528 | 548 | 543 | 539 |
Current Liabilities | 12.9% | 300 | 266 | 284 | 277 | 288 |
Long Term Debt | 0% | 236 | 236 | 236 | 236 | 236 |
Shareholder's Equity | -3.2% | 218 | 225 | 247 | 262 | 257 |
Retained Earnings | -2.8% | -179 | -174 | -169 | -159 | -157 |
Additional Paid-In Capital | 0.7% | 456 | 453 | 449 | 444 | 435 |
Accumulated Depreciation | 4.0% | 77.00 | 74.00 | - | - | - |
Shares Outstanding | -2.5% | 52.00 | 54.00 | 57.00 | 58.00 | 57.00 |
Cashflow (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Cashflow From Operations | 121.7% | 4.00 | -17.58 | 31.00 | 49.00 | 57.00 |
Share Based Compensation | -14.9% | 12.00 | 14.00 | 29.00 | 28.00 | 26.00 |
Cashflow From Investing | -12.2% | -317 | -283 | -65.61 | -58.08 | -20.10 |
Cashflow From Financing | 18.0% | -31.70 | -38.68 | 319 | 326 | 326 |
Buy Backs | -34.9% | 33.00 | 50.00 | 29.00 | 14.00 | - |
90.9%
76.1%
69.3%
Y-axis is the maximum loss one would have experienced if Outbrain was unfortunately bought at previous high price.
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-02-28 | Voya Investment Management LLC | reduced | -2.67 | -2,573 | 54,427 | -% |
2023-02-15 | Jasper Ridge Partners, L.P. | unchanged | - | -318 | 64,682 | -% |
2023-02-15 | MetLife Investment Management, LLC | new | - | 80,610 | 80,610 | -% |
2023-02-15 | Metropolitan Life Insurance Co/NY | new | - | 9,506 | 9,506 | -% |
2023-02-15 | JANE STREET GROUP, LLC | new | - | 132,155 | 132,155 | -% |
2023-02-15 | Virtu Financial LLC | new | - | 92,000 | 92,000 | 0.01% |
2023-02-15 | ALLIANCEBERNSTEIN L.P. | new | - | 41,992 | 41,992 | -% |
2023-02-15 | CI Private Wealth, LLC | new | - | 50,329 | 50,329 | -% |
2023-02-15 | Altshuler Shaham Ltd | sold off | -100 | -596,000 | - | -% |
2023-02-14 | Graham Capital Management, L.P. | sold off | -100 | -170,000 | - | -% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Feb 14, 2023 | eggers barry | 0% | 0 | SC 13G/A | |
Feb 13, 2023 | baupost group llc/ma | 15.47% | 9,593,231 | SC 13G/A | |
May 31, 2022 | bertelsmann se & co. kgaa | 6.30% | 3,603,179 | SC 13G | |
Feb 14, 2022 | viola ventures iii, l.p. | 11.4% | 6,345,789 | SC 13G | |
Feb 14, 2022 | eggers barry | 11.4% | 6,306,314 | SC 13G | |
Feb 07, 2022 | gemini israel iv limited partnership | 7.0% | 3,897,152 | SC 13G |
Date Filed | Form Type | Document | |
---|---|---|---|
Mar 15, 2023 | 10-K | Annual Report | |
Mar 15, 2023 | S-8 | Employee Benefits Plan | |
Mar 09, 2023 | 4 | Insider Trading | |
Mar 09, 2023 | 4 | Insider Trading | |
Mar 09, 2023 | 4 | Insider Trading | |
Mar 09, 2023 | 4 | Insider Trading | |
Mar 08, 2023 | 3 | Insider Trading | |
Mar 03, 2023 | 3/A | Insider Trading | |
Mar 03, 2023 | 3/A | Insider Trading | |
Mar 02, 2023 | 8-K | Current Report |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-03-07 | Galai Yaron | sold (taxes) | -6,802 | 4.77 | -1,426 | co-founder and co-ceo |
2023-03-07 | Kostman David | sold (taxes) | -10,193 | 4.77 | -2,137 | co-chief executive officer |
2023-03-07 | Bradshaw Wenkai | sold (taxes) | -2,654 | 4.77414 | -556 | cao & vp corporate controller |
2023-03-07 | Kiviat Jason | sold (taxes) | -13,561 | 4.77 | -2,843 | chief financial officer |
2023-01-06 | Galai Yaron | sold (taxes) | -6,822 | 4.03 | -1,693 | co-founder and co-ceo |
2023-01-06 | Kostman David | sold (taxes) | -10,232 | 4.03 | -2,539 | co-chief executive officer |
2023-01-06 | Kiviat Jason | sold (taxes) | -1,857 | 4.03 | -461 | chief financial officer |
2023-01-06 | Bradshaw Wenkai | sold (taxes) | -1,857 | 4.03 | -461 | cao & vp corporate controller |
2022-12-07 | Bradshaw Wenkai | sold (taxes) | -1,993 | 3.58518 | -556 | cao & vp corporate controller |
2022-12-07 | Kiviat Jason | sold (taxes) | -10,292 | 3.61 | -2,851 | chief financial officer |
Consolidated Statements of Operations - USD ($) $ in Thousands | 12 Months Ended | ||
---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Income Statement [Abstract] | |||
Revenue | $ 992,082 | $ 1,015,630 | $ 767,142 |
Cost of revenue: | |||
Traffic acquisition costs | 757,321 | 743,579 | 572,802 |
Other cost of revenue | 42,108 | 31,791 | 29,278 |
Total cost of revenue | 799,429 | 775,370 | 602,080 |
Gross profit | 192,653 | 240,260 | 165,062 |
Operating expenses: | |||
Research and development | 40,320 | 39,169 | 28,961 |
Sales and marketing | 108,816 | 95,786 | 77,570 |
General and administrative | 57,065 | 70,749 | 48,354 |
Total operating expenses | 206,201 | 205,704 | 154,885 |
(Loss) income from operations | (13,548) | 34,556 | 10,177 |
Other expense, net: | |||
Charges related to exchange of senior notes upon IPO | 0 | (42,049) | 0 |
Interest expense | (7,625) | (3,964) | (832) |
Interest income and other (expense) income, net | 2,600 | (3,078) | (1,695) |
Total other expense, net | (5,025) | (49,091) | (2,527) |
(Loss) income before provision (benefit) for income taxes | (18,573) | (14,535) | 7,650 |
Provision (benefit) for income taxes | 6,008 | (25,530) | 3,293 |
Net (loss) income | $ (24,581) | $ 10,995 | $ 4,357 |
Weighted average shares outstanding: | |||
Basic (in shares) | 55,615,385 | 35,159,757 | 16,816,178 |
Diluted (in shares) | 55,615,385 | 53,894,347 | 20,186,802 |
Net (loss) income per common share: | |||
Basic (in usd per share) | $ (0.44) | $ 0.31 | $ 0.10 |
Diluted (in usd per share) | $ (0.44) | $ 0.20 | $ 0.08 |
Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
---|---|---|
Current assets: | ||
Cash and cash equivalents | $ 105,580 | $ 455,397 |
Short-term investments in marketable securities | 166,905 | 0 |
Accounts receivable, net of allowances | 181,258 | 192,814 |
Prepaid expenses and other current assets | 46,761 | 27,873 |
Total current assets | 500,504 | 676,084 |
Non-current assets: | ||
Long-term investments in marketable securities | 78,761 | 0 |
Total property, equipment and capitalized software, net | 39,890 | 28,008 |
Operating lease right-of-use assets, net | 11,065 | 0 |
Intangible assets, net | 24,574 | 5,719 |
Goodwill | 63,063 | 32,881 |
Deferred tax assets | 35,735 | 32,867 |
Other assets | 27,556 | 20,331 |
TOTAL ASSETS | 781,148 | 795,890 |
Current Liabilities: | ||
Accounts payable | 147,653 | 160,790 |
Accrued compensation and benefits | 19,662 | 23,331 |
Accrued and other current liabilities | 126,092 | 99,590 |
Deferred revenue | 6,698 | 4,784 |
Total current liabilities | 300,105 | 288,495 |
Non-current liabilities: | ||
Long-term debt | 236,000 | 236,000 |
Operating lease liabilities, non-current | 8,445 | 0 |
Other liabilities | 18,812 | 14,620 |
TOTAL LIABILITIES | 563,362 | 539,115 |
Commitments and Contingencies (Note 9) | ||
STOCKHOLDERS’ EQUITY: | ||
Common stock, par value of $0.001 per share − 1,000,000,000 shares authorized, 60,175,020 shares issued and 52,226,745 shares outstanding as of December 31, 2022; 1,000,000,000 shares authorized, 58,015,075 share issued and 56,701,394 shares outstanding as of December 31, 2021. | 60 | 58 |
Preferred stock, par value of $0.001 per share − 100,000,000 shares authorized, none issued and outstanding as of December 31, 2022 and December 31, 2021 | 0 | 0 |
Additional paid-in capital | 455,831 | 434,945 |
Treasury stock, at cost − 7,948,275 shares as of December 31, 2022 and 1,313,681 shares as of December 31, 2021 | (49,168) | (16,504) |
Accumulated other comprehensive loss | (9,913) | (4,474) |
Accumulated deficit | (179,024) | (157,250) |
TOTAL STOCKHOLDERS’ EQUITY | 217,786 | 256,775 |
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ 781,148 | $ 795,890 |