By Josh Beckerman
Shares of TechTarget were down after the company received a Nasdaq non-compliance notice because of its late 10-Q.
The stock was down 9.5% to $7.32 Monday and is down 63% this year.
TechTarget has had accounting delays stemming from its combination with Informa Tech's digital businesses. Its operations include technology research business Omdia, data and marketing platforms, events and Industry Dive publications.
The company's 10-K for 2024 was delayed as its auditor worked on technical accounting issues related to the combination of a company reporting under U.S. generally accepted accounting principles and a carve-out from a U.K.-listed company reporting under International Financial Reporting Standards.
The 10-K was filed last week and TechTarget said it will file the 10-Q as soon as practicably possible. If Nasdaq accepts the company's plan to regain compliance, it may grant the company until Oct. 13 to file the 10-Q.
TechTarget said in April said it expects broadly flat 2025 revenue. The company said a "subdued" environment wasn't helped by recent financial market volatility.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
June 02, 2025 15:19 ET (19:19 GMT)
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