TechTarget, Inc. ( (TTGT) ) has released a notification of late filing.
TechTarget, Inc. has announced a delay in filing its Form 10-K (Yearly Report) for the fiscal year ending December 31, 2024. The delay is primarily due to the complexities arising from the recent merger with Informa Tech Digital Businesses, completed on December 2, 2024, and the need to align financial reporting between US GAAP and IFRS. The company anticipates filing the report by April 15, 2025, within the allowed extension period. Preliminary financial assessments indicate a significant pre-tax non-cash goodwill impairment charge between $70 million to $110 million, impacting the net loss for the year. TechTarget is actively working on resolving technical accounting matters and evaluating internal controls to ensure compliance. The notification was signed by Daniel T. Noreck, the Chief Financial Officer and Treasurer.
More about TechTarget, Inc.
YTD Price Performance: -26.29%
Average Trading Volume: 221,972
Current Market Cap: $1.02B
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