$QNST
QUINSTREET, INC

2023 Q4 Form 10-Q Financial Statement

#000095017023058687 Filed on November 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q3
Revenue $122.7M $123.9M $143.6M
YoY Change -8.48% -13.7% -10.03%
Cost Of Revenue $115.8M $116.3M $131.2M
YoY Change -7.71% -11.41% -7.25%
Gross Profit $6.853M $7.649M $12.35M
YoY Change -19.74% -38.05% -31.79%
Gross Profit Margin 5.59% 6.17% 8.6%
Selling, General & Admin $10.98M $9.911M $10.42M
YoY Change 4.18% -4.88% 9.21%
% of Gross Profit 160.16% 129.57% 84.38%
Research & Development $7.272M $7.637M $6.826M
YoY Change 1.37% 11.88% 47.59%
% of Gross Profit 106.11% 99.84% 55.28%
Depreciation & Amortization $5.713M $5.338M $4.362M
YoY Change 22.33% 22.38% 3.86%
% of Gross Profit 83.36% 69.79% 35.33%
Operating Expenses $18.25M $17.55M $17.25M
YoY Change 3.04% 1.76% 21.74%
Operating Profit -$11.40M -$9.899M -$4.897M
YoY Change 24.24% 102.14% -224.35%
Interest Expense $111.0K $111.0K $226.0K
YoY Change -47.89% -50.88% -17.22%
% of Operating Profit
Other Income/Expense, Net $38.00K $29.00K -$23.00K
YoY Change -522.22% -226.09% -675.0%
Pretax Income -$11.30M -$9.815M -$5.139M
YoY Change 20.46% 90.99% -240.07%
Income Tax $300.0K $800.0K -$600.0K
% Of Pretax Income
Net Earnings -$11.55M -$10.57M -$4.517M
YoY Change 44.81% 133.89% -246.04%
Net Earnings / Revenue -9.42% -8.53% -3.15%
Basic Earnings Per Share -$0.21 -$0.19 -$0.08
Diluted Earnings Per Share -$0.21 -$0.19 -$0.08
COMMON SHARES
Basic Shares Outstanding 54.58M 54.59M 53.38M
Diluted Shares Outstanding 54.76M 54.47M 53.35M

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $45.52M $56.31M $88.38M
YoY Change -42.46% -36.29% -16.56%
Cash & Equivalents $45.52M $56.31M $88.38M
Short-Term Investments
Other Short-Term Assets $7.832M $8.690M $5.212M
YoY Change 50.21% 66.73% -38.44%
Inventory
Prepaid Expenses
Receivables $74.73M $67.68M $75.49M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $128.1M $132.7M $169.1M
YoY Change -17.76% -21.53% -16.63%
LONG-TERM ASSETS
Property, Plant & Equipment $20.60M $19.50M $11.23M
YoY Change 57.66% 73.69% 53.13%
Goodwill $121.1M $121.1M $121.1M
YoY Change 0.0% 0.0% 2.8%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.640M $5.713M $6.087M
YoY Change -9.77% -6.14% -87.32%
Total Long-Term Assets $192.8M $188.3M $236.4M
YoY Change -18.35% -20.37% -1.12%
TOTAL ASSETS
Total Short-Term Assets $128.1M $132.7M $169.1M
Total Long-Term Assets $192.8M $188.3M $236.4M
Total Assets $320.9M $321.0M $405.5M
YoY Change -18.11% -20.85% -8.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $33.78M $34.29M $40.92M
YoY Change -10.72% -16.2% -15.38%
Accrued Expenses $44.54M $41.32M $51.05M
YoY Change -4.93% -19.06% 4.41%
Deferred Revenue $0.00 $0.00 $48.00K
YoY Change -100.0% -100.0%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $85.04M $83.26M $104.4M
YoY Change -11.58% -20.23% -5.5%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $11.57M $11.33M $15.00M
YoY Change -18.4% -24.52% -52.79%
Total Long-Term Liabilities $11.57M $11.33M $15.00M
YoY Change -18.4% -24.52% -52.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $85.04M $83.26M $104.4M
Total Long-Term Liabilities $11.57M $11.33M $15.00M
Total Liabilities $105.7M $98.63M $122.3M
YoY Change -5.74% -19.34% -14.04%
SHAREHOLDERS EQUITY
Retained Earnings -$121.2M -$109.6M -$34.73M
YoY Change 183.77% 215.7%
Common Stock $336.7M $332.2M $318.3M
YoY Change 4.32% 4.4%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $215.3M $222.3M $283.3M
YoY Change
Total Liabilities & Shareholders Equity $320.9M $321.0M $405.5M
YoY Change -18.11% -20.85% -8.24%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q3
OPERATING ACTIVITIES
Net Income -$11.55M -$10.57M -$4.517M
YoY Change 44.81% 133.89% -246.04%
Depreciation, Depletion And Amortization $5.713M $5.338M $4.362M
YoY Change 22.33% 22.38% 3.86%
Cash From Operating Activities -$3.654M -$4.973M $5.665M
YoY Change 48.24% -187.78% -1.53%
INVESTING ACTIVITIES
Capital Expenditures $4.283M $1.624M $476.0K
YoY Change 7.59% 241.18% 16.38%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$4.283M -$5.094M -$3.037M
YoY Change 4.44% 67.73% 121.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.854M -7.311M -10.68M
YoY Change 5.59% -31.55% 21.87%
NET CHANGE
Cash From Operating Activities -3.654M -4.973M 5.665M
Cash From Investing Activities -4.283M -5.094M -3.037M
Cash From Financing Activities -2.854M -7.311M -10.68M
Net Change In Cash -10.79M -17.37M -8.057M
YoY Change 16.42% 115.61% 83.53%
FREE CASH FLOW
Cash From Operating Activities -$3.654M -$4.973M $5.665M
Capital Expenditures $4.283M $1.624M $476.0K
Free Cash Flow -$7.937M -$6.597M $5.189M
YoY Change 23.13% -227.13% -2.9%

Facts In Submission

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<p style="text-indent:0;font-size:10pt;margin-top:18pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">1. The Company</span></p><p style="text-indent:2.267%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">QuinStreet, Inc. (the “Company”) is a leader in performance marketplaces and technologies for the financial services and home services industries. The Company was incorporated in California in April 1999 and reincorporated in Delaware in December 2009. The Company specializes in customer acquisition for clients in high value, information-intensive markets or “verticals,” including financial services and home services. The corporate headquarters are located in Foster City, California, with additional offices throughout the United States and India. The majority of the Company’s operations and revenue are in North America.</span></p>
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R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
qnst-20230930_cal.xml Edgar Link unprocessable
qnst-20230930_def.xml Edgar Link unprocessable