- Online marketer QuinStreet (NASDAQ:QNST) is up 5.1% in after-hours trading following a fiscal Q3 report where it grew revenues 5% and showed some promising momentum in key verticals.
- Adjusted EBITDA of $4.27M was 6% of revenue and beat an expected $2.5M. The company posted a GAAP net loss of $3.2M, but a non-GAAP result of $0.03 after excluding stock-based comp expense and amortization of intangibles.
- CEO Doug Valenti said revenue in the next quarter is estimated to grow about 5% (The company reported $67.6M in revenues a year ago). Auto insurance business revenue was up 25%, and Valenti said on the firm's earnings call that he expects the same next quarter.
- New products in the Education vertical offset declines in products for U.S. for-profit colleges, leading Education revenue to be flat (best performance in more than three years).
- Free cash flow was $2.4M; Cash and equivalents at quarter's end were $114M ($50M in net cash).
- Conference call replay
- Press Release