Fri, Dec 20, 9:17 PM (28 days ago)
ZoomInfo Technologies Inc. (NASDAQ: ZI) filed Amendment No. 1 to its Form 10-K for the fiscal year ended December 31, 2023, primarily to correct an omission regarding the effectiveness of its disclosure controls and procedures. The amendment confirms that the principal executive officer and principal financial officer concluded these controls were effective as of year-end. While no financial statements were included, the original filing indicated strong financial performance, with significant revenue and net income growth. Operating expenses were managed effectively, contributing to improved earnings per share. The company's market position remained robust, supported by strategic initiatives aimed at expanding its service offerings. The amendment does not modify any financial data or reflect subsequent events. It emphasizes the company's commitment to maintaining effective internal controls, although it acknowledges inherent limitations in such systems. Overall, ZoomInfo's financial condition appears solid, with a market value of approximately $8.7 billion as of June 30, 2023, positioning it favorably for future growth despite potential risks associated with market fluctuations and operational challenges.