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Momentive (NASDAQ: MNTV), the company behind SurveyMonkey, is set to report its first quarter financial results for the period ending March 31, 2023, on May 4, 2023. This announcement comes amidst a pending acquisition by an investment consortium led by Symphony Technology Group, revealed on March 13, 2023. Due to this acquisition, Momentive will not conduct a conference call or live webcast to discuss these financial results, which may limit investor insights into the company's performance. The company emphasizes its commitment to providing AI-powered insights to over 330,000 organizations globally.
Momentive (Nasdaq: MNTV), the maker of SurveyMonkey, has entered a definitive agreement for an all-cash acquisition by Symphony Technology Group (STG) valued at approximately $1.5 billion. Shareholders will receive $9.46 per share, representing a 28% premium to the stock's average closing price for the 10 trading days ending March 13, 2023. The deal is expected to close in Q2 or Q3 2023, pending approval by shareholders and regulatory bodies. Momentive will continue to operate under its existing brands post-acquisition. This decision follows a thorough review by Momentive's Board of Directors, who believe it offers attractive value for shareholders.
Momentive (NASDAQ: MNTV) announced its Q4 and full year 2022 results, reporting total revenue of $122.4 million for Q4, up 4% year-over-year. Key highlights include a 23% increase in sales-assisted revenue and flat self-serve revenue at $299.6 million for the year. However, the company plans a 14% workforce reduction to enhance operating margins, incurring estimated charges of $7 million to $9 million. For Q1 2023, revenue growth is expected between 0% to 2%, with a non-GAAP operating margin forecast of 6% to 8%. Momentive remains cautious, not offering full-year guidance due to the macroeconomic environment.
Momentive (NASDAQ: MNTV) will announce its fourth quarter and full year financial results for 2022 after the market closes on February 16, 2023. A conference call will be held at 2 p.m. PT (5 p.m. ET) to discuss these results. The telephonic replay will be available until February 23, 2023. Momentive, known for its products like SurveyMonkey and GetFeedback, supports over 345,000 organizations worldwide by providing insights that facilitate quicker decision-making.
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