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TechTarget Inc [TTGT] reports annual net loss of $4,461.0

By USInMinutes - Feb 29, 2024, 05:40 AM ET
Last Updated - Feb 29, 2024, 05:40 AM EST
TechTarget Inc [TTGT] reports annual net loss of $4,461.0

Company Reports Revenue of $230.0 thousand

TechTarget Inc [TTGT] has reported a net loss of $4,461.0 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 $230.0 thousand

Based in NEWTON, Massachusetts, TechTarget Inc operates in the TRANSPORT sector.

In the annual report for the 12 months ended December 31, 2023, compared to the same period in the previous year:

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Revenues were $229.96 million in 2023, decreased from $297.49 million in 2022 and $263.43 million in 2021.

Cost of revenues amounted to $72.78 million in 2023, slightly lower than $75.74 million in 2022 and $68.15 million in 2021.

Gross profit was $154.43 million in 2023, showing a decline from $219 million in 2022 and $192.22 million in 2021.

Operating income was a loss of $2.27 million in 2023, significantly lower compared to an income of $56.69 million in 2022 and $34.35 million in 2021.

Net income for the period stood at $4.46 million in 2023, a decrease from $41.61 million in 2022 and $0.95 million in 2021.

Earnings per share for basic and diluted were $0.16 in 2023, falling from $1.41 in 2022 and $0.03 in 2021.

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