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National Research (NRC) - 2025 Q1 - Quarterly Results
NRCNational Research (NRC)2025-04-28 21:12

Financial Performance - Revenue for Q1 2025 was 33,551,000,adecreaseof4.9933,551,000, a decrease of 4.99% from 35,313,000 in Q1 2024[9] - Operating expenses declined to 24,955,000,down6.0224,955,000, down 6.02% from 26,553,000 in the previous year[9] - Net income for Q1 2025 was 5,787,000,adecreaseof9.005,787,000, a decrease of 9.00% compared to 6,359,000 in Q1 2024[9] Dividends and Share Repurchase - The Board declared a quarterly cash dividend of 0.12pershare,payableonJuly11,2025[5]−Anewsharerepurchaseprogramwasapprovedtobuybackuptoonemillionadditionalshares[6]AssetsandEquity−Cashandcashequivalentsdecreasedto0.12 per share, payable on July 11, 2025[5] - A new share repurchase program was approved to buy back up to one million additional shares[6] Assets and Equity - Cash and cash equivalents decreased to 2,502,000 from 4,233,000attheendof2024[11]−Totalassetsincreasedto4,233,000 at the end of 2024[11] - Total assets increased to 135,175,000 from 132,539,000attheendof2024[11]−Shareholders′equitydecreasedto132,539,000 at the end of 2024[11] - Shareholders' equity decreased to 29,672,000 from $31,284,000 at the end of 2024[11] Growth and Expansion - Total recurring contract value increased sequentially for the second consecutive quarter, indicating revenue growth momentum[3] - The company is accelerating its sales force expansion to leverage broader product offerings[3]