ComScore (SCOR) this afternoon posted better-than-expected Q1 results.
The Internet research firm reported revenue of $36.1 million and GAAP EPS of a penny a share; the Street had been expecting $35.3 million and a penny. Non-GAAP EPS was 16 cents a share. Adjusted EBITDA was $6.8 million, ahead of the company’s guidance of $5.8 million to $6.6 million. Revenue guidance for the quarter had been $34 million to $36 million.
For Q2, the company sees revenue of $39.1 million to $40.2 million, with adjusted EBITDA of $8.1 million to $8.5 million. The Street has been expecting revenue for the quarter of $38.4 million.
Meanwhile, the company also said it filed a “universal shelf registration” with the SEC covering the offering of up to $100 million of stock, debt or warrants. The company said that when shelf registration is declared effective, certain holders will have the right to sell up to 4.5 million common shares. The company said it has no immediate plans to raised capital under the shelf offering.
In late trading, SCOR is unchanged at $17.01.
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