secwatch.observer — SEC 8-K summary
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Issuer:     QUINSTREET, INC (QNST)
CIK:        0001117297
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0000950170-23-040586
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1117297/000095017023040586/0000950170-23-040586-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1117297/000095017023040586/qnst-20230809.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-040586

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer