Forrester Research (FORR) Financials

$777.8 M

FORR Mkt cap, 22-Jun-2018

Forrester Research Revenue Q1, 2018

Forrester Research Gross profit (Q1, 2018)43.6 M

Forrester Research Gross profit margin (Q1, 2018), %56.1%

Forrester Research Net income (Q1, 2018)-1.7 M

Forrester Research EBIT (Q1, 2018)-2.3 M

Forrester Research Cash, 31-Mar-201882.1 M

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Forrester Research revenue breakdown by business segment: 16.1% from Project Consultng, 13.3% from Research and 70.6% from Product

USD	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Revenue	312.1 m	313.7 m	326.1 m	337.7 m
Revenue growth, %	5%	1%	4%	4%
Cost of goods sold	126.2 m	126.3 m	128.2 m	136.9 m
Gross profit	185.9 m	187.5 m	197.9 m	200.8 m
Gross profit Margin, %	60%	60%	61%	59%
Sales and marketing expense	115.8 m	116.1 m	116.9 m	123.9 m
General and administrative expense	38.6 m	39 m	40.6 m	41.9 m
Operating expense total	167.7 m	294.9 m	167.1 m	310.1 m
Depreciation and amortization	11.5 m	9.1 m	8.6 m	781 k
EBIT	18.2 m	18.8 m	30.8 m	27.5 m
EBIT margin, %	6%	6%	9%	8%
Pre tax profit	18.4 m	19.3 m	30.7 m	27.4 m
Income tax expense	7.5 m	7.3 m	13.1 m	12.2 m
Net Income	10.9 m	12 m	17.7 m	15.1 m

USD	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018
Revenue	75.2 m	82.8 m	74.8 m	77.4 m	87.8 m	77.4 m	77.2 m	89.7 m	80.4 m	77.7 m
Cost of goods sold	30.8 m	32.6 m	29.2 m	31.1 m	34.4 m	29.9 m	31.4 m	36.9 m	32.5 m	34.1 m
Gross profit	44.4 m	50.3 m	45.5 m	46.3 m	53.4 m	47.5 m	45.8 m	52.8 m	47.9 m	43.6 m
Gross profit Margin, %	59%	61%	61%	60%	61%	61%	59%	59%	60%	56%
Sales and marketing expense	29.6 m	28.5 m	27.5 m	30.4 m	29.3 m	27.8 m	30.6 m	30.5 m	29.2 m	33 m
General and administrative expense	9.8 m	9.3 m	9.5 m	10 m	10.3 m	10.1 m	10.2 m	10.4 m	10.1 m	10.7 m
Operating expense total	45.1 m	40.2 m	40.2 m	74.7 m	41.9 m	40 m	42.7 m	42.6 m	41.1 m	80 m
Depreciation and amortization	2.3 m	2.3 m	2.3 m	2.2 m	2.3 m	2.1 m	1.9 m	1.7 m	1.8 m	186 k
EBIT	(715 k)	10.1 m	5.3 m	2.7 m	11.5 m	7.6 m	3.1 m	10.2 m	6.7 m	(2.3 m)
EBIT margin, %	(1%)	12%	7%	4%	13%	10%	4%	11%	8%	(3%)
Pre tax profit	(452 k)	10 m	5.7 m	2.4 m	11.9 m	6.7 m	2.9 m	10.8 m	6.1 m	(2.4 m)
Income tax expense	(228 k)	4.3 m	1.3 m	1.1 m	4.4 m	3.6 m	(88 k)	4.2 m	2.2 m	(698 k)
Net Income	(224 k)	5.8 m	4.5 m	1.3 m	7.5 m	3.1 m	3 m	6.1 m	4 m	(1.7 m)

USD	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Cash	49.7 m	53.3 m	77 m	79.8 m
Accounts Receivable	67.4 m	67.4 m	58.8 m	70 m
Prepaid Expenses	22.3 m	15.7 m	14.5 m	18.9 m
Current Assets	208 m	197.7 m	223.4 m	236.8 m
PP&E	32.2 m	27.6 m	23.9 m	25.2 m
Goodwill	76.7 m	74.1 m	73.2 m	76.2 m
Total Assets	332.7 m	319 m	335.8 m	345.2 m
Accounts Payable	912 k	525 k	1.8 m	217 k
Current Liabilities	181.7 m	182.5 m	177.5 m	195.1 m
Non-Current Liabilities	9.4 m	9.2 m	8.3 m	9 m
Total Liabilities	191.1 m	191.7 m	185.7 m	204 m
Common Stock	209 k	211 k	217 k	224 k
Additional Paid-in Capital	124.9 m	135 m	157.6 m	181.9 m
Retained Earnings	117.3 m	117.1 m	121.8 m	123 m
Total Equity	141.6 m	127.3 m	150 m	141.2 m
EPS	0.6	0.7	1	0.8
Financial Leverage	2.3 x	2.5 x	2.2 x	2.4 x

USD	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018
Cash	50.2 m	50.2 m	45.6 m	78.7 m	68.9 m	70.1 m	74.2 m	67.1 m	80 m	82.1 m
Accounts Receivable	50 m	42.7 m	37.4 m	49.4 m	42.7 m	36 m	55 m	51 m	39.5 m	62.2 m
Prepaid Expenses	27.5 m	22.3 m	21.2 m	18.7 m	14.2 m	12.6 m	14.3 m	13.2 m	15.8 m	18.6 m
Current Assets	201.5 m	186.8 m	172 m	201.4 m	195 m	191.5 m	216.2 m	200 m	198.4 m	231.8 m
PP&E	30.6 m	29.3 m	27.8 m	26.9 m	25.8 m	24.8 m	23.4 m	24.4 m	26.1 m	24.5 m
Goodwill	74 m	74.5 m	74.8 m	75 m	74.4 m	74.6 m	73.6 m	75 m	75.8 m	76.9 m
Total Assets	321.1 m	307.4 m	292.7 m	322.9 m	316.1 m	309.6 m	327.8 m	314.2 m	314.4 m	340.7 m
Accounts Payable	857 k	698 k	595 k	1.3 m	694 k	634 k	328 k	1.1 m	613 k	353 k
Current Liabilities	178.4 m	166.1 m	154.4 m	183.5 m	169.9 m	156.5 m	186.4 m	178.8 m	170.4 m	191 m
Non-Current Liabilities	9.4 m	9.3 m	9.3 m	9.3 m	9.4 m	10.3 m	8.2 m	8 m	8.8 m	8.4 m
Total Liabilities	187.8 m	175.4 m	163.7 m	192.7 m	179.4 m	166.7 m	194.6 m	186.8 m	179.2 m	199.4 m
Common Stock	209 k	210 k	210 k	211 k	213 k	215 k	218 k	219 k	223 k	225 k
Additional Paid-in Capital	128.5 m	129.6 m	132.2 m	138.2 m	141.9 m	148.4 m	162.2 m	166 m	175.2 m	186.3 m
Retained Earnings	114 m	116.7 m	118.1 m	115.2 m	119.5 m	119.3 m	121.1 m	123.8 m	124.3 m	121.5 m
Total Equity	133.2 m	132 m	129 m	130.2 m	136.7 m	142.9 m	133.3 m	127.4 m	135.2 m	141.3 m
EPS	(0 )	0.3	0.3	0.1	0.4	0.2	0.2	0.3	0.2	(0.1 )
Financial Leverage	2.4 x	2.3 x	2.3 x	2.5 x	2.3 x	2.2 x	2.5 x	2.5 x	2.3 x	2.4 x

USD	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Net Income	10.9 m	12 m	17.7 m	15.1 m
Depreciation and Amortization	11.5 m	9.2 m	8.6 m	7.4 m
Accounts Receivable	9.1 m	(718 k)	8 m	(10.3 m)
Accounts Payable	(82 k)	(357 k)	1.3 m	(1.6 m)
Cash From Operating Activities	28.8 m	32.5 m	41.9 m	37.5 m
Purchases of PP&E	(1.5 m)	(3.9 m)	(4.1 m)	(7.9 m)
Cash From Investing Activities	24.8 m	2.8 m	(17.9 m)	(970 k)
Dividends Paid	(12 m)	(12.2 m)	(13 m)	(13.6 m)
Cash From Financing Activities	(75.9 m)	(29.7 m)	2.5 m	(37.6 m)
Net Change in Cash	(24.5 m)	3.7 m	23.6 m	2.8 m
Income Taxes Paid	14.2 m	6.4 m	8.5 m	10.4 m

USD	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018
Net Income	(224 k)	5.5 m	10 m	1.3 m	8.7 m	11.9 m	3 m	9.1 m	13 m	(1.7 m)
Depreciation and Amortization	2.3 m	4.6 m	7.1 m	2.2 m	4.5 m	6.6 m	1.9 m	3.6 m	5.4 m	2.2 m
Accounts Receivable	16.8 m	24.4 m	29.5 m	18.1 m	24.4 m	31.1 m	3.8 m	8.5 m	20.1 m	7.9 m
Accounts Payable	(13 k)	(195 k)	(284 k)	763 k	189 k	133 k	(1.5 m)	(730 k)	(1.2 m)	133 k
Cash From Operating Activities	16.3 m	24.8 m	28.2 m	21.5 m	30.6 m	35.9 m	19.5 m	26.9 m	36.9 m	7.8 m
Purchases of PP&E	(948 k)	(1.7 m)	(2.3 m)	(1.1 m)	(2.3 m)	(3.3 m)	(1.5 m)	(3.2 m)	(5.8 m)	(1.3 m)
Cash From Investing Activities	(6.7 m)	(7.5 m)	(6.2 m)	5.3 m	(12.2 m)	(18.9 m)	(659 k)	(89 k)	1.4 m	(1.4 m)
Dividends Paid	(3.1 m)	(6.1 m)	(9.2 m)	(3.2 m)	(6.4 m)	(9.7 m)	(3.5 m)	(6.8 m)	(10.2 m)	(3.6 m)
Cash From Financing Activities	(7.4 m)	(16 m)	(24.9 m)	(2 m)	(2.2 m)	636 k	(22.2 m)	(38.9 m)	(38.8 m)	(5.5 m)
Net Change in Cash	518 k	513 k	(4.1 m)	25.3 m	15.5 m	16.8 m	(2.8 m)	(9.9 m)	3 m	2.3 m

USD	Y, 2018
Financial Leverage	2.4 x
P/E Ratio	(432.5 )

Report incorrect company information

Forrester Research's Enterprise Customers was reported to be 2.3 k in Q1, 2018.

	FY, 2014	Q1, 2015	Q2, 2015	Q3, 2015	FY, 2015	Q1, 2016	Q2, 2016	FY, 2016	Q1, 2017	Jun, 2017	Q2, 2017	Q3, 2017	FY, 2017	Q1, 2018
Enterprise Customers	2.43 k	2.46 k	2.48 k	2.48 k	2.47 k	2.48 k	2.48 k	2.43 k	2.43 k		2.42 k	2.39 k	2.41 k	2.35 k
Countries	60				60			56					60
Survey Responses	400 k				400 k			500 k		675 k			675 k
Events	15	2	5	4	15		7	14			6	3	14
Brands					950			900					700