Forrester Research Inc (NAS:FORR)
$ 10.29 +0.11 (+1.08%) Market Cap: 196.16 Mil Enterprise Value: 116.81 Mil PE Ratio: 0 PB Ratio: 1.32 GF Score: 63/100
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Q4 2024 Forrester Research Inc Earnings Call Transcript

Feb 11, 2025 / 09:30 PM GMT
Release Date Price: $15.1 (+0.27%)

Key Points

Positve
  • Forrester Research Inc (FORR) successfully completed the transition to Forrester Decisions, with 80% of contract value now in the FD portfolio.
  • The company launched Izola, a generative AI tool, which has become the third highest destination for clients on the Forrester website.
  • Retention improved by 2 points, and contract value per client increased by 10% from 2023 to 2024.
  • Forrester Research Inc (FORR) introduced a new reprints hub, offering operational efficiencies and cost savings.
  • The company plans to invest in events to drive higher audiences and expanded experiences in 2025.
Negative
  • Forrester Research Inc (FORR) experienced a 9% revenue decline in Q4 and a 10% decline for the full year.
  • The events business faced challenges, with a 42% decline in Q4 revenue compared to the previous year.
  • Bookings attenuated late in the fourth quarter, resulting in a 5% decline in contract value for the full year.
  • The company had to reduce its workforce by 6% to align expenses with expected revenue.
  • Challenges were noted in the smaller high-tech field and government sector, impacting sales performance.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

FORR.OQ - Forrester Research Inc
Q4 2024 Forrester Research Inc Earnings Call
Feb 11, 2025 / 09:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon and thank you for standing by. Welcome to Forester's 4th quarter and full year 2024 conference call.

At this time, all participants are on the listen-only mode.

After the speaker's presentation, there will be a question and answer session.

Please be advised that today's conference is being recorded.

I I like to turn the conference over to the Vice President of corporate Development and Investor Relations, Ed Bryce Morris. Please go ahead.

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Unidentified_2 [2]
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