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![TransUnion [TRU] reports annual net loss of $190,800,000.0](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FTRU.png&w=1200&q=75)
TransUnion [TRU] has reported a net loss of $190,800,000.0 for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $3.8 billion
Based in CHICAGO, Illinois, TransUnion operates in the SERVICES sector.
In the Consolidated Statements of Income for TransUnion, the 12-month period ending December 31, 2023, showed the following key financial figures compared to the same period in the previous years:
1. Revenue for the current period was $3,831.2 million, slightly up from $3,709.9 million in the previous year and a significant increase from $2,960.2 million in the year before that.
2. Cost of services (exclusive of depreciation and amortization) amounted to $1,517.3 million in the current period, compared to $1,385.1 million and $1,022.3 million in the two preceding years, respectively.
3. Operating income for the period was $128.5 million, a substantial decrease from $626.3 million in the previous year and slightly lower than $651.9 million in the year before that.
4. Net loss for the current period was reported at $190.8 million, down from a net income of $281.5 million in the previous year and significantly lower than the net income of $1,405.4 million in the year before that.
5. Basic (loss) earnings per common share from (loss) income from continuing operations attributable to TransUnion was ($1.06) for the current period, compared to $1.29 and $1.87 in the previous years, respectively.
6. Diluted (loss) earnings per common share from (loss) income from continuing operations attributable to TransUnion was also ($1.06) in the current period, compared to $1.29 and $1.86 in the previous years, respectively.
The financial results reflect a mixed performance for TransUnion, with a decrease in operating income and a net loss in the current period compared to the previous years. This could be attributed to various factors impacting the company's financial performance during the period.
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