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Outbrain (OB)

Company profile

Ticker
OB
Exchange
CEO
Yaron Galai
Employees
Incorporated
Location
SEC CIK
Subsidiaries
Outbrain Israel Ltd. • Outbrain UK Limited • Outbrain Italy SRL • Outbrain Spain S.L. • Outbrain Germany GmbH • Outbrain India Private Limited • Outbrain Services Monetizacao de Conteudo LTDA • Outbrain Australia PTY Ltd • Outbrain New Zealand Limited • Outbrain Singapore Pte. Ltd. ...

OB stock data

Analyst ratings and price targets

Last 3 months
Current price
Average target
$7.50
Low target
$7.00
High target
$8.00
Needham
Maintains
Buy
$7.00
1 Jul 22
Jefferies
Maintains
Buy
$8.00
16 Jun 22

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

12 Aug 22
16 Aug 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 391.59M 391.59M 391.59M 391.59M 391.59M 391.59M
Cash burn (monthly) 6.49M (no burn) 2.89M 4.28M (no burn) (no burn)
Cash used (since last report) 10.19M n/a 4.53M 6.72M n/a n/a
Cash remaining 381.4M n/a 387.06M 384.86M n/a n/a
Runway (months of cash) 58.7 n/a 134.1 89.8 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
10 Aug 22 Ori Lahav Common Stock Sell Dispose S No Yes 6.7293 7,700 51.82K 881,186
9 Aug 22 Ori Lahav Common Stock Sell Dispose S No Yes 6.4584 1,632 10.54K 888,886
8 Aug 22 Ori Lahav Common Stock Sell Dispose S No Yes 6.4115 3,439 22.05K 890,518
5 Aug 22 Ori Lahav Common Stock Sell Dispose S No Yes 6.1667 600 3.7K 893,957
4 Aug 22 Ori Lahav Common Stock Sell Dispose S No Yes 6.0973 2,832 17.27K 894,557
3 Aug 22 Ori Lahav Common Stock Sell Dispose S No Yes 6.0354 4,192 25.3K 897,389
24 Jul 22 Jason Kiviat Common Stock Grant Acquire A No No 0 100,000 0 136,553
62.6% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 78 4 +1850.0%
Opened positions 74 4 +1750.0%
Closed positions 0 45 EXIT
Increased positions 0 0
Reduced positions 0 0
13F shares Current Prev Q Change
Total value 357.51M 118.31M +202.2%
Total shares 36.13M 21.1M +71.2%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Viola Ventures III 6.35M $0 0.0%
Eggers Barry 6.31M $0 0.0%
Gemini Israel IV Limited Partnership 4.85M $67.87M 0.0%
Bertelsmann SE & Co. KGaA 3.6M $50.45M 0.0%
PXGPE Phoenix 1.71M $18.38M NEW
Menora Mivtachim 1.56M $16.71M NEW
BLK Blackrock 1.32M $14.14M NEW
Ensign Peak Advisors 1.08M $11.54M NEW
Vanguard 1.03M $11.05M NEW
FHI Federated Hermes 1M $10.73M NEW
Largest transactions Shares Bought/sold Change
PXGPE Phoenix 1.71M +1.71M NEW
Menora Mivtachim 1.56M +1.56M NEW
BLK Blackrock 1.32M +1.32M NEW
Ensign Peak Advisors 1.08M +1.08M NEW
Vanguard 1.03M +1.03M NEW
FHI Federated Hermes 1M +1M NEW
Susquehanna International 981.54K +981.54K NEW
Baupost 792K +792K NEW
Jacobs Levy Equity Management 546.06K +546.06K NEW
FMR 519.4K +519.4K NEW

Financial report summary

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Risks
  • The continued growth in our business may place demands on our infrastructure and our operational, managerial, administrative, and financial resources.
  • Our research and development efforts may not meet the demands of a rapidly evolving technology market resulting in a loss of customers, revenue, and/or market share.
  • Loss of large media partners could have a significant impact on our revenue and results of operations.
  • Our revenue growth and future prospects will be adversely affected if we fail to expand our advertiser relationships.
  • The failure of our recommendation engine to accurately predict user engagement may adversely affect our business, results of operations, and financial condition.
  • If the quality of our recommendations deteriorates, or if we fail to present interesting content to our users, we may experience a decline in user engagement, which could result in the loss of media partners.
  • The content of advertisements could damage our reputation and brand, or harm our ability to expand our base of users, advertisers and media partners, and negatively impact our business, results of operations, and financial condition.
  • Conditions in Israel could materially and adversely affect our business.
  • The digital advertising industry is intensely competitive, and if we do not effectively compete against current and future competitors, our business, results of operations, and financial condition could be adversely affected.
  • Our current business model depends on media partners maintaining open access digital properties, monetizing through advertising and attracting users to their digital properties, and could be impacted by continued pressure on the publishing industry.
  • Our results of operations may fluctuate significantly from period to period and may not meet our expectations or those of securities analysts and investors.
  • Our profitability may be adversely impacted, or may fluctuate on a quarterly basis, due to guarantees that we have provided to some of our media partners.
  • Seasonal fluctuations in advertising activity and large cyclical events could have a material impact on our revenue, cash flow and operating results.
  • User growth and engagement depends upon effective interoperation with devices, platforms and standards set by third parties that we do not control.
  • If we fail to detect and prevent click fraud or other invalid engagements with the advertisements we serve, we could lose the confidence of our advertisers, which would cause our business to suffer and negatively impact our financial results.
  • Our business depends on our ability to maintain and scale our technology platform. Real or perceived errors or disruptions in our platform could adversely affect our operating results and growth prospects.
  • Failures or loss of the hardware, software and infrastructure on which we rely, or security breaches, could adversely affect our business.
  • We cannot predict the extent to which the ongoing and evolving COVID-19 pandemic, including the resulting global economic uncertainty, and measures taken in response to the pandemic, could adversely affect our business, results of operations, and financial condition.
  • We depend on highly skilled personnel to grow and operate our business, and if we are unable to hire, retain and motivate our personnel, we may not be able to grow effectively.
  • Our corporate culture has contributed to our success, and if we cannot maintain it as we grow, we could lose the innovation, creativity, and teamwork fostered by our culture, and our business may be harmed.
  • If currency exchange rates fluctuate substantially in the future, our results of operations, which are reported in U.S. dollars, could be adversely affected.
  • Our credit facility subjects us to operating restrictions and financial covenants that impose risk of default and may restrict our business and financing activities.
  • We may engage in strategic transactions, which may not yield a positive financial outcome. Further, such activity may result in the company operating in businesses beyond its current core business with risk factors beyond those which are identified here.
  • Our business is subject to political and regulatory risks in the various markets in which we operate; compliance with differing and changing regulatory requirements poses compliance challenges.
  • We are subject to laws and regulations related to data privacy, data protection, and information security, and consumer protection across different markets where we conduct our business, including in the United States and Europe. Such laws, regulations, and industry requirements are constantly evolving and changing and could potentially impact data collection and data usage for advertising and recommendations. Our actual or perceived failure to comply with such obligations could have an adverse effect on our business, results of operations, and financial condition.
  • If media partners, advertisers, and data providers do not obtain necessary and requisite consents from consumers for us to process their personal data, we could be subject to fines and liability.
  • Rulings from the Court of Justice of the European Union invalidated the EU-U.S. Privacy Shield as a lawful means for transferring personal data from the EEA or the UK to the United States; this introduces increased uncertainty and may require us to change our EEA/UK data practices and/or rely on an alternative legally sufficient compliance measure.
  • If the security of the confidential information or personal data of our media partners and the users of our media partner properties stored in our systems is breached or otherwise subjected to unauthorized access, our reputation may be harmed and we may be exposed to liability.
  • Any governmental investigations, legal proceedings, or claims against us could result in liability, harm our reputation and could be costly and time-consuming to defend.
  • We may be unable to obtain, maintain and protect our intellectual property rights and proprietary information or prevent third parties from making unauthorized use of our intellectual property.
  • We may be subject to intellectual property rights claims by third parties, which are costly to defend and could require us to pay significant damages and could limit our ability to use technology or intellectual property.
  • Our platform relies on third-party open source software components. Failure to comply with the terms of the underlying open source software licenses could expose us to liabilities, and the combination of open source software with code that we develop could compromise the proprietary nature of our platform.
  • Our tax liabilities may be greater than anticipated.
  • The trading price of the shares of our common stock is likely to be volatile, and purchasers of our common stock could incur substantial losses.
  • If securities or industry analysts do not publish research or publish unfavorable research about our business, our stock price and trading volume could decline.
  • We have broad discretion in the use of proceeds from our IPO and may invest or spend the proceeds in ways with which investors do not agree and in ways that may not yield a return.
  • Failure to design, implement and maintain effective internal controls may adversely affect investor confidence in our company and, as a result, the value of our common stock.
  • We are an emerging growth company subject to reduced disclosure requirements, and there is a risk that availing ourselves of such reduced disclosure requirements will make our common stock less attractive to investors.
  • Our management team has limited experience managing a public company and we will incur significantly increased costs and devote substantial management time as a result of operating as a public company.
  • The requirements of being a public company may strain our resources, divert management’s attention and affect our ability to attract and retain executive management and qualified board members.
  • We do not intend to pay dividends on our common stock, so any returns will be limited to the value of our common stock.
  • We may need to raise additional funds to pursue our strategy, and we may be unable to raise capital when needed or on acceptable terms.
  • Anti-takeover provisions in our charter documents and under Delaware law could make an acquisition of our company, which may be beneficial to our stockholders, more difficult and may prevent attempts by our stockholders to replace or remove our current management.

Content analysis

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