QuinStreet(QNST)

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QuinStreet(QNST) - 2022 Q3 - Quarterly Report
2022-05-06 19:01
or UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-34628 QuinStreet, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 77-0512121 (State or Other Jurisdiction of (I.R.S. Empl ...
QuinStreet(QNST) - 2022 Q2 - Quarterly Report
2022-02-09 18:24
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-34628 QuinStreet, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 77-0512121 (State or Other Jurisdiction of (I.R.S. Employer In ...
QuinStreet(QNST) - 2022 Q2 - Earnings Call Transcript
2022-02-09 00:50
QuinStreet, Inc. (NASDAQ:QNST) Q2 2022 Earnings Conference Call February 8, 2022 5:00 PM ET Company Participants Hayden Blair - Investor Relations Douglas Valenti - Chief Executive Officer Gregory Wong - Chief Financial Officer Conference Call Participants Jason Kreyer - Craig-Hallum John Campbell - Stephens Jim Goss - Barrington Research Max Michaelis - Lake Street Chris Sakai - Singular Research Disclaimer*: This transcript is designed to be used alongside the freely available audio recording on this page ...
QuinStreet(QNST) - 2022 Q1 - Quarterly Report
2021-11-04 19:07
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been su ...
QuinStreet(QNST) - 2022 Q1 - Earnings Call Transcript
2021-11-04 01:59
QuinStreet, Inc. (NASDAQ:QNST) Q1 2022 Earnings Conference Call November 3, 2021 5:00 PM ET Company Participants Hayden Blair – Investor Relations Doug Valenti – Chief Executive Officer Greg Wong – Chief Financial Officer Conference Call Participants John Campbell – Stephens Inc. Max Michaelis – Lake Street Capital Markets Chris Sakai – Singular Research Hayden Blair Thank you, Jenny, and thank you to everyone joining us as we report QuinStreet’s First Quarter Fiscal Year 2022 Financial Results. Joining me ...
QuinStreet(QNST) - 2021 Q4 - Annual Report
2021-08-26 18:13
Revenue Generation and Client Dependence - The company generated significant revenue through measurable online marketing results, primarily on a "per click," "per lead," or "per action" basis, aligning with client customer acquisition cost targets [15]. - In fiscal years 2021, 2020, and 2019, The Progressive Corporation accounted for 23%, 21%, and 22% of net revenue, respectively, with the top 20 clients contributing 58%, 55%, and 54% of net revenue [32]. - A significant portion of the company's revenue is generated from a limited number of clients, with one client accounting for 23% of net revenue for fiscal year 2021 [55]. - The company relies on clients' marketing spend on its owned and operated websites and third-party publisher websites, with the majority of revenue derived from qualified inquiries such as clicks, leads, and calls [53]. - The financial services client vertical accounted for 74% of net revenue in fiscal year 2021, while home services represented 23% [174]. Product Development and Technology - The company invested $19.3 million, $14.2 million, and $12.3 million in product development in fiscal years 2021, 2020, and 2019, respectively, to enhance its technology and marketing capabilities [34]. - The company has developed proprietary technologies over 22 years to optimize media segmentation and matching, enhancing client results and operational efficiency [17]. - The company introduced the QuinStreet Rating Platform (QRP) product for insurance agents, indicating ongoing product development efforts [49]. - Product development expenses increased by $5.1 million, or 36%, in fiscal year 2021, primarily due to higher personnel costs associated with the Modernize acquisition [204]. Market Position and Strategy - The company aims to maintain a significant market share in performance marketing by leveraging its media buying power and extensive data from billions of dollars in media spend [19]. - The company is positioned to capitalize on the shift from offline to digital advertising, emphasizing data-driven marketing strategies and measurable results [21]. - The company aims to create revenue growth from sustainable sources while investing in growth initiatives rather than maximizing short-term profits [172]. - The company has made strategic acquisitions, including Modernize, Inc., Mayo Labs, LLC, and FC Ecosystem, LLC, completed in FY 2021 [88]. Operational Challenges and Risks - The company faces risks from a reduction in online marketing spend by clients, which could seriously harm its financial condition and results of operations [53]. - The company is exposed to online security risks, particularly regarding the protection of personally identifiable information, which could lead to significant expenses if breached [46]. - The company is vulnerable to interruptions in services provided by third-party vendors, which could significantly harm its business operations [96]. - The company faces risks related to integrating acquired businesses, which may lead to unforeseen operational challenges and could delay the realization of anticipated benefits [93]. Financial Performance - Net revenue for the fiscal year ended June 30, 2021, was $578,487,000, representing a 17.9% increase from $490,339,000 in 2020 [165]. - Gross profit for the fiscal year 2021 was $70,531,000, up from $52,475,000 in 2020, indicating a significant improvement in profitability [165]. - Operating income for fiscal year 2021 was $13,926,000, compared to $6,205,000 in 2020, reflecting a 124.0% increase [165]. - Net income for the fiscal year 2021 was $23,555,000, a 30.3% increase from $18,102,000 in 2020 [165]. Regulatory Environment and Compliance - The company is subject to various federal and state laws and regulations, including those related to unsolicited commercial email and telemarketing, which may increase compliance costs in the future [41]. - The company operates in a highly regulated environment, and compliance with changing laws regarding data privacy and marketing practices may increase operational costs [67]. - Changes in the Telephone Consumer Protection Act (TCPA) regulations could potentially impact revenue and profitability due to increased litigation risks [68]. - The company is subject to audits and investigations by regulatory bodies, which may allege violations of legal requirements and could result in financial liabilities [70]. Employee and Organizational Structure - The company emphasizes the importance of employee development and retention, with a commitment to pay equity and a focus on health and wellness [42]. - As of June 30, 2021, the company had 614 employees, with 165 in product development, 47 in sales and marketing, 40 in general administration, and 362 in operations [43]. - The company identified material weaknesses in internal control over financial reporting in fiscal years 2017 and 2016, although none were identified as of June 30, 2021 [127]. Market Conditions and Economic Factors - Adverse macroeconomic conditions could lead to decreases in client spending, negatively affecting revenue and operating results [65]. - Visitor traffic and client spending may be impacted by interest rate volatility, affecting the company's revenue [78]. - The business is affected by seasonality, with typically lower media availability and client budgets in the second fiscal quarter [183]. - The COVID-19 pandemic has significantly disrupted operations, leading to declines in revenue and margin, and may continue to adversely affect financial performance [133].
QuinStreet(QNST) - 2021 Q4 - Earnings Call Transcript
2021-08-07 15:24
QuinStreet, Inc. (NASDAQ:QNST) Q4 2021 Earnings Conference Call August 4, 2021 5:00 PM ET Company Participants Hayden Blair - IR Douglas Valenti - CEO Gregory Wong - CFO Conference Call Participants John Campbell - Stephens Incorporated Jason Kreyer - Craig-Hallum Adam Klauber - William Blair Jim Goss - Barrington Research Sam Flynn - Lake Street Capital Markets Chris Sakai - Singular Research Operator Good day, and welcome to the QuinStreet Fourth Quarter and Fiscal Year 2021 Financial Results Conference C ...
QuinStreet(QNST) - 2021 Q3 - Earnings Call Transcript
2021-05-09 04:01
Quinstreet, Inc. (NASDAQ:QNST) Q3 2021 Earnings Conference Call May 5, 2021 5:00 PM ET Company Participants Hayden Blair - Senior Manager, Finance & IR Douglas Valenti - Chairman, President & CEO Gregory Wong - CFO Conference Call Participants Jason Kreyer - Craig-Hallum Adam Klauber - William Blair & Company James Goss - Barrington Research Associates Jacob Stephan - Lake Street Capital Markets Joichi Sakai - Singular Research Operator Ladies and gentlemen, good day and welcome to the QuinStreet Third Quar ...
QuinStreet(QNST) - 2021 Q3 - Quarterly Report
2021-05-07 17:54
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-34628 QuinStreet, Inc. (Exact Name of Registrant as Specified in Its Charter) Registrant's telephone number, including area code Securities re ...
QuinStreet(QNST) - 2021 Q2 - Quarterly Report
2021-02-05 19:07
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-34628 QuinStreet, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 77-0512121 (State or Other Jurisdiction of (I.R.S. E ...