$QNST
QUINSTREET, INC

2020 Q3 Form 10-Q Financial Statement

#000156459020051826 Filed on November 06, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q3
Revenue $139.3M $126.6M
YoY Change 9.99% 12.18%
Cost Of Revenue $122.2M $113.2M
YoY Change 7.96% 16.92%
Gross Profit $17.04M $13.43M
YoY Change 26.91% -16.39%
Gross Profit Margin 12.23% 10.6%
Selling, General & Admin $9.224M $8.188M
YoY Change 12.65% 10.08%
% of Gross Profit 54.14% 60.99%
Research & Development $4.891M $3.556M
YoY Change 37.54% 7.59%
% of Gross Profit 28.71% 26.49%
Depreciation & Amortization $4.130M $2.810M
YoY Change 46.98% 70.3%
% of Gross Profit 24.24% 20.93%
Operating Expenses $14.12M $11.74M
YoY Change 20.19% 9.32%
Operating Profit $2.923M $1.681M
YoY Change 73.88% -68.36%
Interest Expense -$300.0K $212.0K
YoY Change -241.51%
% of Operating Profit -10.26% 12.61%
Other Income/Expense, Net $16.69M -$300.0K
YoY Change -5663.0% 347.76%
Pretax Income $19.30M $1.300M
YoY Change 1384.23% -75.53%
Income Tax $4.600M $200.0K
% Of Pretax Income 23.84% 15.38%
Net Earnings $14.68M $1.132M
YoY Change 1196.91% -78.63%
Net Earnings / Revenue 10.54% 0.89%
Basic Earnings Per Share $0.28 $0.02
Diluted Earnings Per Share $0.27 $0.02
COMMON SHARES
Basic Shares Outstanding 52.49M 50.85M
Diluted Shares Outstanding 54.27M 53.33M

Balance Sheet

Concept 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $102.2M $70.50M
YoY Change 44.96% 0.0%
Cash & Equivalents $102.2M $70.52M
Short-Term Investments
Other Short-Term Assets $13.50M $6.200M
YoY Change 117.74% 16.98%
Inventory
Prepaid Expenses
Receivables $69.10M $74.60M
Other Receivables $0.00 $0.00
Total Short-Term Assets $184.8M $151.3M
YoY Change 22.14% 6.93%
LONG-TERM ASSETS
Property, Plant & Equipment $6.117M $5.400M
YoY Change 13.28% 31.71%
Goodwill $115.9M $82.50M
YoY Change 40.5%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $37.70M $57.70M
YoY Change -34.66% 690.41%
Total Long-Term Assets $232.3M $191.0M
YoY Change 21.62% 134.07%
TOTAL ASSETS
Total Short-Term Assets $184.8M $151.3M
Total Long-Term Assets $232.3M $191.0M
Total Assets $417.1M $342.3M
YoY Change 21.85% 53.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $47.60M $40.00M
YoY Change 19.0% 17.3%
Accrued Expenses $49.90M $41.30M
YoY Change 20.82% 33.23%
Deferred Revenue $338.0K $839.0K
YoY Change -59.71% -4.77%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $104.6M $87.60M
YoY Change 19.41% 32.73%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $39.20M $26.60M
YoY Change 47.37% 565.0%
Total Long-Term Liabilities $39.20M $26.60M
YoY Change 47.37% 565.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $104.6M $87.60M
Total Long-Term Liabilities $39.20M $26.60M
Total Liabilities $143.8M $114.2M
YoY Change 25.92% 63.14%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $273.3M $228.1M
YoY Change
Total Liabilities & Shareholders Equity $417.1M $342.3M
YoY Change 21.85% 53.43%

Cashflow Statement

Concept 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income $14.68M $1.132M
YoY Change 1196.91% -78.63%
Depreciation, Depletion And Amortization $4.130M $2.810M
YoY Change 46.98% 70.3%
Cash From Operating Activities $17.56M $9.541M
YoY Change 84.03% -6.71%
INVESTING ACTIVITIES
Capital Expenditures $437.0K $544.0K
YoY Change -19.67% 62.87%
Acquisitions
YoY Change
Other Investing Activities -$19.57M $0.00
YoY Change -100.0%
Cash From Investing Activities -$20.71M -$1.051M
YoY Change 1870.22% 33.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.055M -531.0K
YoY Change 287.01% -85.7%
NET CHANGE
Cash From Operating Activities 17.56M 9.541M
Cash From Investing Activities -20.71M -1.051M
Cash From Financing Activities -2.055M -531.0K
Net Change In Cash -5.265M 7.995M
YoY Change -165.85% 37.39%
FREE CASH FLOW
Cash From Operating Activities $17.56M $9.541M
Capital Expenditures $437.0K $544.0K
Free Cash Flow $17.12M $8.997M
YoY Change 90.3% -9.06%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2020Q3 us-gaap Restricted Cash Noncurrent Asset Statement Of Financial Position Extensible List
RestrictedCashNoncurrentAssetStatementOfFinancialPositionExtensibleList
us-gaap:OtherAssetsNoncurrent
CY2019Q3 us-gaap Restricted Cash Noncurrent Asset Statement Of Financial Position Extensible List
RestrictedCashNoncurrentAssetStatementOfFinancialPositionExtensibleList
us-gaap:OtherAssetsNoncurrent
CY2019Q3 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
507000
CY2020Q3 qnst Payments To Acquire Businesses Net Of Net Assets Acquired
PaymentsToAcquireBusinessesNetOfNetAssetsAcquired
40304000
CY2020Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
17558000
CY2019Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
9541000
CY2020Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
437000
CY2019Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
544000
CY2020Q3 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
696000
CY2019Q3 qnst Payments To Acquire Businesses Net Of Net Assets Acquired
PaymentsToAcquireBusinessesNetOfNetAssetsAcquired
0
CY2020Q3 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
20730000
CY2019Q3 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
0
CY2020Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-20707000
CY2019Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1051000
CY2020Q3 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1167000
CY2019Q3 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1827000
CY2020Q3 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2874000
CY2019Q3 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2358000
CY2020Q3 us-gaap Payments Of Merger Related Costs Financing Activities
PaymentsOfMergerRelatedCostsFinancingActivities
348000
CY2019Q3 us-gaap Payments Of Merger Related Costs Financing Activities
PaymentsOfMergerRelatedCostsFinancingActivities
0
CY2020Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2055000
CY2019Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-531000
CY2020Q3 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-61000
CY2019Q3 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
36000
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-5265000
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
7995000
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
102244000
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
70517000
CY2020Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
14000
CY2019Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
14000
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
102258000
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
70531000
CY2020Q3 us-gaap Income Taxes Paid
IncomeTaxesPaid
29000
CY2019Q3 us-gaap Income Taxes Paid
IncomeTaxesPaid
32000
CY2020Q3 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
176000
CY2019Q3 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
75000
CY2020Q3 qnst Post Closing Payments For Acquisition Unpaid
PostClosingPaymentsForAcquisitionUnpaid
24776000
CY2019Q3 qnst Post Closing Payments For Acquisition Unpaid
PostClosingPaymentsForAcquisitionUnpaid
0
CY2020Q3 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:2.27%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenue and expenses during the period. On an ongoing basis, management evaluates these estimates, judgments and assumptions, including those related to revenue recognition, stock-based compensation, goodwill, long-lived assets, contingencies, credit losses of accounts receivable, and income taxes. The Company bases these estimates on historical and anticipated results and trends and on various other assumptions that the Company believes are reasonable under the circumstances, including assumptions as to future events. In addition, the Company may engage third-party valuation specialists to assist with the preparation of certain of its valuations. These estimates form the basis for making judgments about the carrying values of assets and liabilities and recorded revenue and expenses that are not readily apparent from other sources. Actual results could differ from those estimates, and such differences could affect the results of operations reported in future periods.</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:2.27%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In addition, the COVID-19 pandemic is a factor which may cause actual results to differ from estimates. COVID-19 is contributing to a general slowdown in the global economy and may affect the Company’s business, results of operations, financial condition, and future strategic plans. At this time, the extent to which the COVID-19 may impact the Company’s financial condition or results of operations is uncertain.</p>
CY2020Q3 qnst Deferred Revenue Recognized From Business Acquisitions
DeferredRevenueRecognizedFromBusinessAcquisitions
200000
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52492000
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50845000
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52492000
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50845000
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54269000
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53326000
CY2020Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
69100000
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
10400000
CY2020Q3 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:2.27%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Concentrations of Credit Risk</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:2.27%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company had one client that accounted for 26% and 18% of net revenue for the three months ended September 30, 2020 and 2019. That same client accounted for <span>17%</span> of net accounts receivable as of September 30, 2020 and June 30, 2020. No other clients accounted for 10% or more of net revenue for the three months ended September 30, 2020 or 2019 or 10% or more of net accounts receivable as of September 30, 2020 or June 30, 2020.</p>
CY2020Q3 qnst Fair Value Liabilities Level3 To Level1 Transfers Amount
FairValueLiabilitiesLevel3ToLevel1TransfersAmount
0
CY2020Q2 qnst Fair Value Liabilities Level3 To Level1 Transfers Amount
FairValueLiabilitiesLevel3ToLevel1TransfersAmount
0
CY2020Q3 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:2.27%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Concentrations of Credit Risk</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:2.27%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company had one client that accounted for 26% and 18% of net revenue for the three months ended September 30, 2020 and 2019. That same client accounted for <span>17%</span> of net accounts receivable as of September 30, 2020 and June 30, 2020. No other clients accounted for 10% or more of net revenue for the three months ended September 30, 2020 or 2019 or 10% or more of net accounts receivable as of September 30, 2020 or June 30, 2020.</p>
CY2020Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2200000
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
14681000
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
1132000
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.02
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.02
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
186000
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
728000
CY2020Q3 qnst Fair Value Assets Level3 To Level1 Transfers Amount
FairValueAssetsLevel3ToLevel1TransfersAmount
0
CY2020Q2 qnst Fair Value Assets Level3 To Level1 Transfers Amount
FairValueAssetsLevel3ToLevel1TransfersAmount
0
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
139269000
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
126614000
CY2020Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
338000
CY2020Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
73000
CY2020Q3 qnst Contract With Customer Prepaid Liability Current
ContractWithCustomerPrepaidLiabilityCurrent
702000
CY2020Q2 qnst Contract With Customer Prepaid Liability Current
ContractWithCustomerPrepaidLiabilityCurrent
700000
CY2020Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1040000
CY2020Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
773000
CY2020Q3 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
2300000
CY2020Q3 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0
CY2020Q2 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0
CY2020Q3 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
0
CY2020Q2 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
0
CY2020Q3 us-gaap Fair Value Liabilities Level1 To Level2 Transfers Amount
FairValueLiabilitiesLevel1ToLevel2TransfersAmount
0
CY2020Q2 us-gaap Fair Value Liabilities Level1 To Level2 Transfers Amount
FairValueLiabilitiesLevel1ToLevel2TransfersAmount
0
CY2020Q3 us-gaap Fair Value Liabilities Level2 To Level1 Transfers Amount
FairValueLiabilitiesLevel2ToLevel1TransfersAmount
0
CY2020Q2 us-gaap Fair Value Liabilities Level2 To Level1 Transfers Amount
FairValueLiabilitiesLevel2ToLevel1TransfersAmount
0
CY2020Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
184551000
CY2020Q2 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
3300000
CY2020Q3 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
38451000
CY2020Q3 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
3212000
CY2020Q3 us-gaap Goodwill
Goodwill
115916000
CY2020Q3 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
20000000.0
CY2020Q1 qnst Purchase Price Of Agreement
PurchasePriceOfAgreement
12900000
CY2020Q1 us-gaap Proceeds From Sale Of Interest In Corporate Unit
ProceedsFromSaleOfInterestInCorporateUnit
10000000.0
CY2020Q2 us-gaap Goodwill
Goodwill
80677000
CY2020Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
125932000
CY2020Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
58619000
CY2020Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
167754000
CY2020Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
139580000
CY2020Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
28174000
CY2020Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3100000
CY2019Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1900000
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
8292000
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
10051000
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
9188000
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
8291000
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
6306000
CY2020Q3 qnst Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
16491000
CY2020Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
58619000
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4600000
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
200000
CY2020Q3 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
5930000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5504000
CY2020Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
1308000
CY2019Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
1004000
CY2020Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
253000
CY2019Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
288000
CY2020Q3 us-gaap Variable Lease Cost
VariableLeaseCost
148000
CY2020Q2 qnst Accrual For Indemnification Provisions
AccrualForIndemnificationProvisions
0
CY2020Q3 qnst Letters Of Credit For Operating Lease
LettersOfCreditForOperatingLease
500000
CY2020Q3 qnst Period Of Cancellation Of Letter Of Credit From Annual Expiration Date
PeriodOfCancellationOfLetterOfCreditFromAnnualExpirationDate
P30D
CY2019Q3 us-gaap Variable Lease Cost
VariableLeaseCost
144000
CY2020Q3 us-gaap Lease Cost
LeaseCost
1709000
CY2019Q3 us-gaap Lease Cost
LeaseCost
1436000
CY2020Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
1494000
CY2019Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
1172000
CY2020Q3 qnst Increase In Operating Lease Liability In Exchange For Right Of Use Asset Obtained
IncreaseInOperatingLeaseLiabilityInExchangeForRightOfUseAssetObtained
6247000
CY2019Q3 qnst Increase In Operating Lease Liability In Exchange For Right Of Use Asset Obtained
IncreaseInOperatingLeaseLiabilityInExchangeForRightOfUseAssetObtained
0
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y4M24D
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y7M6D
CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.050
CY2019Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.045
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
4530000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3450000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
724000
CY2020Q3 qnst Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
33000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
20171000
CY2020Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2436000
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
17735000
CY2020Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5615000
CY2020Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
12120000
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
17735000
CY2020Q3 qnst Future Principal Contractual Obligations For Operating Lease Commitments Undiscounted Lease Liability Excess Amount
FuturePrincipalContractualObligationsForOperatingLeaseCommitmentsUndiscountedLeaseLiabilityExcessAmount
900000
CY2020Q3 qnst Liabilities Related To Indemnification Agreement
LiabilitiesRelatedToIndemnificationAgreement
0
CY2020Q2 qnst Liabilities Related To Indemnification Agreement
LiabilitiesRelatedToIndemnificationAgreement
0
CY2020Q3 qnst Accrual For Indemnification Provisions
AccrualForIndemnificationProvisions
0
CY2020Q3 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
139269000
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
126614000
CY2020Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6117000
CY2020Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5657000
CY2020Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
58619000
CY2020Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
28174000

Files In Submission

Name View Source Status
0001564590-20-051826-index-headers.html Edgar Link pending
0001564590-20-051826-index.html Edgar Link pending
0001564590-20-051826.txt Edgar Link pending
0001564590-20-051826-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
qnst-10q_20200930.htm Edgar Link pending
qnst-10q_20200930_htm.xml Edgar Link completed
qnst-20200930.xsd Edgar Link pending
qnst-20200930_cal.xml Edgar Link unprocessable
qnst-20200930_def.xml Edgar Link unprocessable
qnst-20200930_lab.xml Edgar Link unprocessable
qnst-20200930_pre.xml Edgar Link unprocessable
qnst-ex311_6.htm Edgar Link pending
qnst-ex312_7.htm Edgar Link pending
qnst-ex321_8.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
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