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Quotient Technology Inc.

quotient.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2023 10-Q, filed Aug 9, 2023. Its latest SEC filing is a 15-12G from Sep 19, 2023.

The sections below describe the company as of the FY2022 annual report.

What Did They Do?

Provides digital promotions and media campaigns for consumer-goods brands and retailers to reach shoppers.

How Did They Make Money?

Advertisers and retailers pay for digital promotions and media: promotion fees are tied to consumer clicks or a fixed campaign period, while media fees are tied to ad impressions, clicks or acquisitions.

FY2022 revenue

Who Were Their Customers?

Consumer-packaged goods companies, their brand marketers and advertising agencies buy campaigns; retailers use Quotient’s platform to market to shoppers, and publisher partners carry campaigns across their properties.

Did Revenues Turn Into Profits?

No. It lost $76.5M in FY2022.

Operating income, FY2022
−25% of revenue
▲ +169% (Loss) vs FY2021 (−$26.6M, −5%)
Net income, FY2022
−26% of revenue
▲ +68% (Loss) vs FY2021 (−$45.6M, −9%)
Free cash flow, FY2022
−7% of revenue
▼ Now a loss vs FY2021 ($11.3M, 2%)

How Were They Changing?

Since the FY2022 annual report
Latest quarter: Q2 FY2023, the three months to Jun 30, 2023
Revenue
▼ −5%
vs $69.3M in Q2 FY2022
Net income
▼ −63% (Loss)
vs −$43.4M in Q2 FY2022
  • Sep 5, 2023 Quotient completed its merger. Common shares converted into a right to receive $4.00 in cash per share.

Shrank. Revenue fell 25% in 4 years, from $387M in FY2018 to $288.8M in FY2022, about 7% a year.

Promotion pricing The older model tied promotion fees to activation or redemption; the newer offering also charges a fixed fee for advertiser access to the platform during a campaign period.

Who Did They Compete With?

Competes with iBotta, Fetch Rewards, Valassis Communications, Catalina Marketing, Inmar/You Technology, Neptune Retail Solutions, Albertsons, Kroger, Meta Platforms, Alphabet, Pinterest, Amazon.com, Adobe, The Trade Desk, Oracle, Criteo, Microsoft, and Publicis Groupe

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