secwatch.observer — SEC 8-K summary
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Issuer:     QUINSTREET, INC (QNST)
CIK:        0001117297
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0001564590-22-017869
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

QuinStreet Q3 FY2022 revenue $150.7M (-2% YoY); non-insurance up 35%; board okays $40M buyback
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1117297/000156459022017869/0001564590-22-017869-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1117297/000156459022017869/qnst-8k_20220504.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-017869

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