After two years of investigating its financial practices — and releasing declining financial reports late on Friday — comScore stock is down sharply on Monday.
The media measurement company has seen its stock drop 6% to $24.50 in mid-morning Monday trading. Year-to-date comScore is down 13%.
On Friday, comScore said it had a 2017 net loss of $281.4 million -- more than double the year before, at $117.2 million. The company posted a 2015 net loss of $78.2 million.
Revenue in 2017 was up slightly -- $403.6 million from $399.5 million in 2016.
As part of the announcement, the company said its board chair Susan Riley is stepping down effective immediately. Riley will serve as a consultant through the end of 2018.
Two years ago, in February 2016, comScore’s board of directors' audit committee started an internal investigation into the company's “practices, disclosures, internal controls, corporate culture and certain employment practices.”
In February 2017, comScore was de-listed on Nasdaq; the company has begun the process to be re-list on the exchange.