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Outbrain Inc. (OB)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19
   10-K10-K10-K10-K
Revenue  992.11,015.6767.1687.3
            Revenue growth  -2.3%32.4%11.6% 
Cost of revenue:      
Traffic acquisition costs  757.3743.6572.8517.0
Other cost of revenue  42.131.829.328.5
    Total cost of revenue  799.4775.4602.1545.5
    Gross profit  192.7240.3165.1141.8
            Gross margin  19.4%23.7%21.5%20.6%
   
Operating expenses:      
Research and development  40.339.229.026.4
Sales and marketing  108.895.877.678.9
General and administrative  57.170.748.451.0
    Total operating expenses  206.2205.7154.9156.4
    Loss from operations  -13.534.610.2-14.6
            Operating margin  -1.4%3.4%1.3%-2.1%
   
Other income (expense), net:      
Interest Expense  -7.6-4.0-0.8-0.6
   
Interest income and other income (expense), net      
    Total other income (expense), net  -5.0-49.1-2.5-0.4
    Income (loss) before provision for income taxes  -18.6-14.57.7-15.0
Provision for income taxes  6.0-25.53.35.5
    Net income (loss)  -24.611.04.4-20.5
   
Weighted average shares outstanding:      
Basic (in shares)  55.635.216.815.3
Diluted (in shares)  55.653.920.215.3
   
Net income (loss) per common share:      
Basic (in usd per share)  ($0.44)$0.31$0.10($1.34)
Diluted (in usd per share)  ($0.44)$0.20$0.08($1.34)

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