TSQ — what changed in the latest 10-Q
A section-by-section comparison of TSQ's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-11-04 vs the prior 10-Q · 2026-08-06
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +37 | −28 | ~23 | 28 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 2 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 0 |
| Risk factors | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Market risk (Item 3)
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-11-04
•Net revenue increased $4.2 million, or 3.9%, primarily driven by a $5.1 million increase in our Digital Advertising net revenue, a $0.5 million increase in Other net revenue and a $0.2 million increase in our Broadcast Advertising net revenue. These increases were partially offset by a $1.6 million…
•Operating income decreased $0.4 million to $5.5 million for the three months ended September 30, 2026. The decrease was primarily driven by a $5.0 million increase in non-cash impairment charges, a $3.5 million increase in direct operating expenses and a $1.6 million decrease in net gain on sale an…
•Digital Advertising reported operating income of $7.7 million for the three months ended September 30, 2026, an increase of $2.9 million, as compared to the same period in 2025, primarily due to a non-cash goodwill impairment charge of $3.0 million that was incurred in 2025. Subscription Digital Ma…
The decrease is primarily due to incremental non-cash impairment charges of $8.0 million and a $1.6 million decrease in net gain on sales and retirements of assets, partially offset by a $1.2 million increase in segment profit.
Certain key financial developments in our business for the nine months ended September 30, 2026, as compared to the same period in 2025 are summarized below:
Text removed vs the prior filing · source: 10-Q · 2026-08-06
•Net revenue decreased $0.1 million, or 0.1%, primarily driven by a $2.7 million decrease in our Broadcast Advertising net revenue and a $1.6 million decrease in Subscription Digital Marketing Solutions net revenue, largely offset by a $4.7 million increase in our Digital Advertising net revenue.
•Operating income decreased $33.3 million to an operating loss of $12.3 million for the three months ended June 30, 2026. The decrease was primarily due to a $25.1 million increase in non-cash impairment charges, a $6.0 million decrease in net gain on sales and retirements of assets and a $1.7 milli…
•Broadcast Advertising reported an operating loss of $15.9 million for the three months ended June 30, 2026, which represents a decrease of $32.4 million, as compared to operating income of $16.5 million for the same period in 2025. The decrease is primarily due to incremental non-cash impairment ch…
Certain key financial developments in our business for the six months ended June 30, 2026, as compared to the same period in 2025 are summarized below:
•Net revenue for the six months ended June 30, 2026 as compared to the same period in 2025 decreased $2.0 million, or 0.9%, primarily driven by a $5.4 million decrease in Broadcast Advertising net revenue and a $3.1 million decrease in our Subscription Digital Marketing Solutions net revenue, partia…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice