QuinStreet Reports Second Quarter Fiscal Year 2020 Financial Results
QuinStreet, Inc. (QNST)
Last quinstreet, inc. earnings: 2/5 04:15 pm
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US:NASDAQ Investor Relations:
investor.quinstreet.com/company-overview
Company Research
Source: PR Newswire
FOSTER CITY, Calif., Feb. 5, 2020 /PRNewswire/ -- QuinStreet, Inc. (Nasdaq: QNST), a leader in performance marketplace products and technologies, today announced financial results for the second quarter ended December 31, 2019. For the second quarter, the Company reported revenue of $118.1 million, an increase of 13% year-over-year, and GAAP net income of $1.5 million, or $0.03 per diluted share. Adjusted net income for the second quarter was $6.3 million, or $0.12 per diluted share. Adjusted EBITDA for the second quarter was $9.1 million, or 8% of revenue.During the second quarter, the Company generated $9.9 million in operating cash flow and closed the quarter with $76.1 million in cash and equivalents. "Fiscal second quarter results were in line with our outlook for full year revenue and EBITDA," commented Doug Valenti, CEO of QuinStreet. "We delivered record fiscal second quarter revenue. There continues to be good and accelerating momentum and opportunity in the business, particu
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