Q2 Holdings Q1 revenue $134.1M (+15% YoY), beats guidance; raises FY2022 outlook

Q2 Holdings, Inc.

2022-Q1 EPS reported -$0.41 revenue$134,071,000

Q1 revenue $134.1M (+15% YoY), above high end of guidance; GAAP net loss $23.6M vs $25.7M prior-year quarter.
Adjusted EBITDA $8.1M; non-GAAP gross margin 51.4%; both down slightly YoY.
Raises FY2022 non-GAAP revenue guidance to $577.5-581.5M (+15-16%) and adjusted EBITDA to $41.4-44.4M.
Signed two enterprise and three Tier 1 digital banking contracts; registered users 19.7M (+8% YoY).
Launched Helix-powered bitcoin savings program with NYDIG; Innovation Studio fintech partners grew 25%.

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