earnings
confidence high
sentiment negative
materiality 0.80
QuinStreet Q2 revenue $125.3M (-7% YoY); lowers FY22 guidance on insurance volatility
QUINSTREET, INC
2022-Q2 EPS reported
-$0.05
revenue$284,939,000
- GAAP net loss $5.6M ($0.10 loss per diluted share); adjusted net income $3.2M ($0.06 EPS).
- Non-insurance revenue grew 36% YoY; insurance client spending down due to rising claim costs.
- Adjusted EBITDA for Q2 was $5.6M; operating cash flow $13.9M, cash $115.0M.
- FY22 revenue guidance reduced to $600-620M; adjusted EBITDA $40-45M.
- Q3 FY22 revenue expected $155-160M; adjusted EBITDA $8-10M.