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National Research (NRC) - 2024 Q3 - Quarterly Results
NRCNational Research (NRC)2024-10-25 21:04

Financial Performance - Revenue for Q3 2024 was approximately 35.8million,adecreaseof5.535.8 million, a decrease of 5.5% compared to 37.9 million in Q3 2023[2] - Earnings per diluted share were 0.24,downfrom0.24, down from 0.32 in the same quarter last year, representing a decline of 25%[2] - Net income for Q3 2024 was 5.7million,comparedto5.7 million, compared to 7.9 million in Q3 2023, reflecting a decrease of 27.7%[6] - Total operating expenses for Q3 2024 were approximately 27.8million,slightlydownfrom27.8 million, slightly down from 28.0 million in Q3 2023[6] Shareholder Returns - The company returned approximately 11.5milliontoshareholdersthroughdividendsandstockrepurchasesduringthequarter[3]Theregularquarterlydividendof11.5 million to shareholders through dividends and stock repurchases during the quarter[3] - The regular quarterly dividend of 0.12 per share was declared, amounting to approximately 2.9million[3]ContractValueandDebtTotalrecurringcontractvalue(TRCV)reachedapproximately2.9 million[3] Contract Value and Debt - Total recurring contract value (TRCV) reached approximately 131.6 million as of September 30, 2024[2] - The company's net indebtedness was approximately 50.2millionasofSeptember30,2024[2]AssetsandEquityTotalassetsincreasedto50.2 million as of September 30, 2024[2] Assets and Equity - Total assets increased to 131.8 million from 122.4millionattheendof2023[7]Shareholdersequitydecreasedto122.4 million at the end of 2023[7] - Shareholders' equity decreased to 34.6 million from $49.0 million at the end of 2023[7]