Criteo S.A. Form 8-K Summary
Business Context and Reporting Period
Criteo S.A., a French company incorporated in France, filed this Current Report on Form 8-K on February 16, 2016. The filing relates to the period ending December 31, 2015, following the announcement of fourth-quarter and full-year results on February 10, 2016.
Key Financial Metrics
This filing does not contain specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. Instead, it serves as a conduit for additional unaudited historical financial information regarding revenue and revenue excluding traffic acquisition costs (Revenue ex-TAC) by region for all quarterly periods in 2014 and 2015. These details are contained in Exhibit 99.1.
Material Changes
The filing notes that the Company previously furnished unaudited historical financial information on January 21, 2016. This current report furnishes additional unaudited historical information to supplement the prior disclosure. No specific material changes in financial condition or operations are quantified within the text of this report.
Guidance, Outlook, and Risks
The filing references non-GAAP financial measures (Revenue ex-TAC) and states that a reconciliation to the most comparable GAAP measures is included in Exhibit 99.1. The report explicitly states that the information furnished is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and is not subject to the liabilities of that section, nor is it incorporated by reference into other filings except as expressly set forth.
Investor Verification Checklist
- Review Exhibit 99.1 for the specific quarterly revenue and Revenue ex-TAC figures for 2014 and 2015 by region.
- Verify the reconciliation of non-GAAP measures (Revenue ex-TAC) to GAAP measures provided in Exhibit 99.1.
- Confirm the full-year and fourth-quarter 2015 results announced on February 10, 2016, which this filing supplements.
- Note that the data in this filing is unaudited and prepared in accordance with U.S. GAAP.