QuinStreet Q4 revenue $130.3M, down 11% YoY; GAAP net loss $55.9M

QUINSTREET, INC

2023-FY EPS reported -$1.28 revenue$580,624,000

GAAP net loss $55.9M ($1.03/diluted share); adjusted net loss $0.5M ($0.01/share).
Adjusted EBITDA $1.8M; operating cash flow $18M; cash $73.7M; no bank debt.
Non-insurance client verticals revenue up 26% in FY23 to $367M; expects continued double-digit growth.
FY2024 Q1 revenue guidance $120-125M; adjusted EBITDA approximately break-even.
CEO expects auto insurance spending inflection beginning January 2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.99

QUINSTREET, INC reported the fiscal fourth quarter ended June 30, 2023 results: revenue $130.3 million, net income $(55.9) million, or ($1.03) per diluted share, EPS ($1.03) per diluted share.

Period: the fiscal fourth quarter ended June 30, 2023
Revenue: $130.3 million
Net income: $(55.9) million, or ($1.03) per diluted share
EPS: ($1.03) per diluted share
Result: reported results

Exact text from the filing

For the fiscal fourth quarter, the Company reported revenue of $130.3 million, down 11% year-over-year. GAAP net loss for the fiscal fourth quarter was $(55.9) million, or ($1.03) per diluted share. Adjusted net loss for the fiscal fourth quarter was $(0.5) million, or $(0.01) per diluted share. Adjusted EBITDA for the fiscal fourth quarter was $1.8 million.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.99

QUINSTREET, INC reported full fiscal year 2023 results: revenue $580.6 million, net income $(68.9) million, or ($1.28) per share, EPS ($1.28) per share.

Period: full fiscal year 2023
Revenue: $580.6 million
Net income: $(68.9) million, or ($1.28) per share
EPS: ($1.28) per share
Result: reported results

Exact text from the filing

For full fiscal year 2023, the Company reported revenue of $580.6 million, approximately flat year-over-year. GAAP net loss for fiscal year 2023 was $(68.9) million, or ($1.28) per share. Adjusted net income for fiscal year 2023 was $7.3 million or $0.13 per diluted share. Adjusted EBITDA for fiscal year 2023 was $16.7 million.

View on SEC.gov

Browse all earnings releases →

QUINSTREET, INC filing history →

Source: SEC EDGAR

accession 0000950170-23-040586

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.