QUOTIENT TECHNOLOGY Reports Q2 FY2023 Earnings Results
August 11, 2023
🌥️Earnings Overview
For the quarter ended June 30 2023, QUOTIENT TECHNOLOGY ($NYSE:QUOT) reported total revenue of USD 65.7 million, a 5.1% decrease from the same period last year. Net income for the quarter was USD -15.9 million, a significant improvement from the -43.4 million reported in Q2 of FY2022.
Market Price
On Tuesday, QUOTIENT TECHNOLOGY reported their earnings results for the second quarter of FY2023. The stock opened at $4.0 and closed at the same price. Despite this, there was a slight decline of 0.3% from the previous closing price of $4.0. This increased revenue was attributed to their strategic acquisitions and investments in new technologies.
This increase was due to efficient management of their capital resources and investments in new projects. The company also mentioned that they would continue to invest in new technologies and processes to improve their products and services. With their focus on innovation and expansion, QUOTIENT TECHNOLOGY is confident that these investments will help them achieve greater growth and success in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Quotient Technology. More…
| Total Revenues | Net Income | Net Margin |
| 266.03 | -40.42 | -15.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Quotient Technology. More…
| Operations | Investing | Financing |
| 5.39 | -21.06 | -154.48 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Quotient Technology. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 326.24 | 170.6 | 1.58 |
Key Ratios Snapshot
Some of the financial key ratios for Quotient Technology are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -13.8% | – | -13.0% |
| FCF Margin | ROE | ROA |
| -5.9% | -13.4% | -6.6% |
Analysis
At GoodWhale, we have conducted an analysis of QUOTIENT TECHNOLOGY‘s fundamentals. According to our Star Chart, QUOTIENT TECHNOLOGY is classified as an ‘elephant’ company, which implies that it is rich in assets after deducting liabilities. This type of company may be appealing to investors looking for a long-term, secure investment. QUOTIENT TECHNOLOGY’s strengths lie in asset and debt management, while it is medium in dividend, growth, and profitability. Based on our assessment of its cashflows and debt, QUOTIENT TECHNOLOGY has an intermediate health score of 6/10 which indicates it is likely to pay off debt and fund future operations. More…
Peers
The company competes with Townsquare Media Inc, Direct Digital Holdings Inc, and Engage:BDR Ltd.
– Townsquare Media Inc ($NYSE:TSQ)
Townsquare Media Inc is a media and entertainment company that owns and operates radio stations and other media properties in the United States. The company has a market cap of 132.77M as of 2022 and a Return on Equity of 80.99%. Townsquare Media Inc is headquartered in Greenwich, Connecticut.
– Direct Digital Holdings Inc ($NASDAQ:DRCT)
Digital Direct Holdings Inc is a publicly traded company with a market capitalization of $7.5 million as of 2022. The company has a return on equity of 49.62%. Digital Direct Holdings Inc is a provider of digital marketing and advertising solutions. The company offers a suite of online marketing tools and services including website design and development, search engine optimization, social media marketing, and email marketing.
Summary
Investors in Quotient Technology should be pleased with the company’s second quarter of FY2023. Revenue decreased by 5.1%, however, net income improved significantly from a loss of -43.4 million in the same period last year, to -15.9 million. This marks a major turnaround and indicates that management has been successful in stabilizing the company’s finances. Despite the lower revenue, investors should be encouraged by this improvement in profitability, which should lead to better returns in the future.
Related Posts
Recent Posts
