earnings
confidence high
sentiment negative
materiality 0.70
QuinStreet Q3 FY2022 revenue $150.7M (-2% YoY); non-insurance up 35%; board okays $40M buyback
QUINSTREET, INC
2022-Q3 EPS reported
-$0.01
revenue$435,597,000
- GAAP net income $2.2M ($0.04 diluted EPS); adjusted net income $4.9M ($0.09 diluted EPS).
- Non-insurance client revenue was 50% of total, growing 35% YoY; insurance revenue appears near bottom.
- Adjusted EBITDA $6.9M; operating cash flow $1.3M; normalized cash flow $3.6M; cash $109.5M.
- FYQ4 guidance: revenue $138-142M, adjusted EBITDA $4.5-5M.
- Board authorized $40M share repurchase program, reflecting confidence in long-term outlook.