Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
MARKET INFORMATION
Our Common Stock trades on The Nasdaq Global Select Market under the symbol "SCOR".
HOLDERS
As of March 8, 2021, there were 97 stockholders of record of our Common Stock, although we believe that there are a significantly larger number of beneficial owners of our Common Stock. We derived the number of stockholders by reviewing the listing of outstanding Common Stock recorded by our transfer agent as of March 8, 2021.
STOCK PERFORMANCE GRAPH
The following graph compares the cumulative total stockholder return on our Common Stock between December 31, 2015 and December 31, 2020 to the cumulative total returns of the Nasdaq Composite Index, the S&P MidCap 400 Index and the Nasdaq Computer Index over the same period. This graph assumes the investment of $100 at the closing price of the markets on December 31, 2015 in our Common Stock, the Nasdaq Composite Index, the S&P MidCap 400 Index and the Nasdaq Computer Index, and assumes the reinvestment of dividends, if any. The comparisons shown in the following graph are based upon historical data. We caution that the stock price performance shown in the graph below is not necessarily indicative of, nor is it intended to forecast, the potential future performance of our Common Stock.
COMPARISON OF CUMULATIVE TOTAL RETURN*
among comScore, Inc., The Nasdaq Composite Index, The S&P MidCap 400 Index
and The Nasdaq Computer Index
_________________
* $100 invested upon market close of The Nasdaq Global Select Market on December 31, 2015, including reinvestment of dividends.
The preceding Stock Performance Graph is not deemed filed with the SEC and shall not be incorporated by reference in any of our filings under the Securities Act of 1933, as amended, or the Exchange Act, as amended whether made before or after the date hereof and irrespective of any general incorporation language in any such securities filing, except to the extent that we specifically incorporate it by reference.
32
Table of Conte nt s
SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS
The information relating to our equity compensation plans required by Item 5 is incorporated by reference to such information as set forth in Part III, Item 12 , "Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters."
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
The information required by Item 701 of Regulation S-K was previously included in the Current Report on Form 8-K filed on October 1, 2020.
PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS
None.
33
Table of Conte nt s
ITEM 6. SELECTED FINANCIAL DATA
The selected Consolidated Statements of Operations and Comprehensive Loss data and Consolidated Balance Sheets data displayed below is derived from our audited Consolidated Financial Statements for the five-year period ended December 31, 2020.
The selected financial data set forth below is not necessarily indicative of results of future operations, and should be read in conjunction with Item 7 , Management's Discussion and Analysis of Financial Condition and Results of Operations , and the Consolidated Financial Statements and related notes thereto included in this 10-K under the caption Item 8 , Financial Statements and Supplementary Data .
Year ended December 31,
(In thousands, except share and per share data) 2020 2019 2018 2017 2016 (1)
Consolidated Statement of Operations and Comprehensive Loss Data :
Revenues (2)
$ 356,036 $ 388,645 $ 419,482 $ 403,549 $ 399,460
Total expenses from operations 377,311 699,112 558,418 699,052 531,302
Loss from operations (21,275) (310,467) (138,936) (295,503) (131,842)
Non-operating (expenses) income, net (25,741) (29,536) (16,626) 11,393 10,662
Income tax (provision) benefit (902) 1,007 (3,706) 2,717 4,007
Net loss $ (47,918) $ (338,996) $ (159,268) $ (281,393) $ (117,173)
Net loss per common share:
Basic and diluted $ (0.67) $ (5.33) $ (2.76) $ (4.90) $ (2.10)
Weighted-average number of shares used in per share calculations - Common Stock:
Basic and diluted 71,181,496 63,590,882 57,700,603 57,485,755 55,728,090
(1) Due to the Rentrak merger in January 2016, 2016 results include 11 months of Rentrak activity as compared to full-year results in the subsequent years.
(2) As discussed in Footnote 2 , Summary of Significant Accounting Policies, in our 2018 10-K , revenue for the years ended December 31, 2017 and 2016 is not comparable to revenue for the years ended December 31, 2020, 2019 and 2018 due to our adoption of Accounting Standards Codification 606, Revenue from Contracts with Customers ("ASC 606" or "Topic 606").
As of December 31,
(In thousands) 2020 2019 2018 2017 2016
Consolidated Balance Sheets Data :
Cash, cash equivalents, restricted cash and marketable securities $ 50,741 $ 66,773 $ 50,198 $ 45,125 $ 116,753
Total current assets 137,030 153,983 145,779 179,554 232,433
Total assets 677,970 723,695 954,143 1,022,439 1,120,792
Capital lease obligations and software license arrangements, current and non-current (1) (2)
567 950 5,417 13,162 28,578
Finance lease liabilities, current and non-current (2)
3,133 4,250 — — —
Operating lease liabilities, current and non-current (2)
43,151 49,261 — — —
Senior secured convertible notes (3)
192,895 184,075 177,342 — —
Financing derivatives (3)
11,300 21,587 26,100 — —
Secured term note, current and non-current (4)
12,644 12,463 — — —
Warrants liability (5)
2,831 7,725 — — —
Total liabilities 448,980 464,721 402,576 365,947 215,939
Stockholders' equity 228,990 258,974 551,567 656,492 904,853
(1) Amounts for December 31, 2020, 2019, 2018, 2017, and 2016 include software license obligations in the amount of $0.6 million, $0.6 million, $1.8 million, $4.8 million, and $7.7 million, respectively.
(2) As discussed in Footnote 2 , Summary of Significant Accounting Policies, we adopted Accounting Standards Codification 842, Leases ("ASC 842") as of January 1, 2019.
(3) We entered into financing arrangements and issued senior secured convertible notes in 2018. Refer to Footnote 4 , Debt, for additional details.
(4) We issued a secured term note in December 2019. Refer to Footnote 4 , Debt, for additional details.
(5) We issued four series of liability-classified warrants in June 2019. Refer to Footnote 5 , Stockholders' Equity, for additional details.
34
Table of Conte nt s