secwatch.observer — SEC 8-K summary
======================================

Issuer:     QUINSTREET, INC (QNST)
CIK:        0001117297
Form:       8-K
Filed at:   2022-02-08T23:59:59+00:00
Accession:  0001564590-22-004247
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

QuinStreet Q2 revenue $125.3M (-7% YoY); lowers FY22 guidance on insurance volatility
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1117297/000156459022004247/0001564590-22-004247-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1117297/000156459022004247/qnst-8k_20220208.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-004247

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