comScore reports lower Q3 net loss, provides outlook for Q4

comScore, Inc., a provider of on-demand digital analytics solutions, has reported that net loss for the third quarter ended September 30, 2012 was $3.12 million, or $0.09 loss per share, compared to net loss of $3.94 million, or $0.12 loss per share, for the same quarter ended September 30, 2011. The company expects revenue to be in the range of $64 million to $69 million for the fourth quarter of 2012.

Revenues for the third quarter ended September 30, 2012 were $64.27 million, compared to $58.76 million for the same quarter ended September 30, 2011.

Net loss for the nine months ended September 30, 2012 was $10.18 million, or $0.31 loss per share, compared to net loss of $12.5 million, or $0.39 loss per share, for the same period ended September 30, 2011.

Revenues for the nine months ended September 30, 2012 were $186.84 million, compared to $169.8 million for the same period ended September 30, 2011.

For 2012, the company expects revenue to be in the range of $250.9 million to $255.9 million.

Dr Magid Abraham, comScore's president and CEO said, "We are pleased that our revenue and adjusted EBITDA results were above our guidance range for the third quarter, largely due to strength of our core product offerings and contributions from newer products such as validated Campaign Essentials (vCE) and Digital Analytix (DAx). We added 45 net new customers in the third quarter, bringing total customer count to 2,114, and our overall renewal rate continued to exceed 90% on a constant dollar basis."