QuinStreet Q1 revenue $124M, net loss $10.6M; expects auto insurance inflection in Jan

QUINSTREET, INC

2024-Q1 EPS reported -$0.19 revenue$123,923,000

Revenue $123.9M, down 14% YoY; GAAP net loss $10.6M ($0.19 per diluted share).
Adjusted net loss $1.4M ($0.03 per share); adjusted EBITDA $1.0M.
Non-insurance verticals grew 18% YoY, now 79% of total revenue.
Full-year guidance: revenue growth 5-15% YoY; adjusted EBITDA to grow faster than revenue.
Q2 guidance: revenue $113-118M, adjusted EBITDA $(0.5)-$0.5M.

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 0.9

QUINSTREET, INC reported fiscal first quarter ended September 30, 2023 results: revenue $123.9 million, net income $(10.6) million, or $(0.19) per diluted share, EPS $(0.19) per diluted share.

Period: fiscal first quarter ended September 30, 2023
Revenue: $123.9 million
Net income: $(10.6) million, or $(0.19) per diluted share
EPS: $(0.19) per diluted share
Result: reported results

Exact text from the filing

For the fiscal first quarter, the Company reported revenue of $123.9 million, down 14% year-over-year. GAAP net loss for the fiscal first quarter was $(10.6) million, or $(0.19) per diluted share.

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Source: SEC EDGAR

accession 0000950170-23-057455

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