Dilok Klaisataporn My investment rating for Q2 Holdings, Inc. (NYSE:QTWO) stock is a Hold now. QTWO's second quarter earnings came in above expectations, and the company raised its FY 2024 EBITDA guidance. But I have chosen to downgrade my rating for Q2 Holdings to a Hold, as the stock's current valuations are fair based on peer and growth comparisons. QTWO's "outlook for the intermediate term and long run" was the subject of my earlier March 13, 2024 update. I assess Q2 Holdings' second quarter results and ...

Q2 Holdings (QTWO) came out with quarterly earnings of $0.26 per share, missing the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.07 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -23.53%. A quarter ago, it was expected that this provider of online banking software would post earnings of $0.29 per share when it actually produced earnings of $0.31, delivering a surprise of 6.90%. Over the last f ...

Q2 Holdings' stock appreciated on continued optimism surrounding the demand for cloud-based digital banking solutions. QTWO has a reputation as a top digital banking provider, offering unified retail, small business and commercial solutions. These solutions help financial institutions boost their deposits. This provider of online banking software is expected to post quarterly earnings of $0.34 per share in its upcoming report, which represents a year-over-year change of +385.7%. Revenues are expected to be ...

. Life Benefit is a pioneering micro life insurance solution that provides bank customers with up to $20,000 of free life insurance coverage, based on their deposit account balances. The integration with Q2's Digital Banking Platform enables financial institutions to effortlessly embed Life Benefit into their digital banking experience, empowering them to attract new customers, grow deposits, and enhance customer financial security and protection. Compliance support to ensure marketing and operational pract ...

Vancouver, British Columbia--(Newsfile Corp. - May 24, 2024) - Q2 Metals Corp. (TSXV: QTWO) (OTCQB: QUEXF) (FSE: 458) ("Q2" or the "Company") announces that subject to acceptance by the TSX Venture Exchange (the "TSXV"), the Company intends to amend the exercise price of an aggregate of 12,908,333 outstanding common share purchase warrants of the Company that were issued as part of the Company's private placement that closed on February 23, 2023 (the "Warrants"). The Warrants had an original exercise price ...

Unless otherwise indicated, all financial measures discussed in this presentation are presented on a non-GAAP basis. Revenue $165,508 8% $153,124 | --- | --- | --- | --- | --- | |-------|--------------|----------------|------------|----------------| | | | 1Q'24 \nTotals | Y/Y Change | 1Q'23 \nTotals | | | Revenue | $165,508 | 8% | $153,008 | | GAAP | Gross Profit | $82,252 | 12% | $73,297 | | | Net Loss | ($13,843) | N/A | ($516) | And as we continue to execute on our profitable growth strategy, we believe ...

Financial Data and Key Metrics Changes - The company generated total non-GAAP revenue of $165.5 million in Q1 2024, exceeding the high-end of guidance and representing an 8% year-over-year increase [3][123] - Adjusted EBITDA reached a record $25.2 million, up from $16.5 million in the prior year period, indicating strong profitability improvement [30][121] - Free cash flow for the first quarter was positive at $6 million, marking a significant improvement from historical patterns of negative cash flow [14][121] Business Line Data and Key Metrics Changes - Subscription-based revenues grew 13% year-over-year, driven by new customer go-lives and strong expansion sales [123] - Total annualized recurring revenue (ARR) increased to $761 million, up 13% year-over-year, with subscription ARR growing to $615.1 million, an 18% increase [126] - The backlog reached approximately $1.9 billion, a 25% year-over-year increase, the largest dollar increase in company history [127] Market Data and Key Metrics Changes - The company signed four Tier 1 digital banking deals in the quarter, including two net new and two significant expansions, highlighting strong demand across various asset tiers [12][16] - The company has approximately 1,400 total customers, with significant expansion potential within its Tier 1 customer base [10] Company Strategy and Development Direction - The company aims to deepen existing customer relationships through its single-platform value proposition, which facilitates vendor consolidation and operational efficiency [9][132] - The focus on digital transformation and enhancing user experience is critical, with ongoing investments in AI and partnerships with FinTech companies to drive innovation [48][70] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the demand environment and pipeline strength, anticipating continued expansion dynamics to play a key role in bookings performance [5][16] - The company expects to achieve its three-year financial targets shared in February, supported by strong growth in subscription ARR and revenue [17][31] Other Important Information - The company anticipates second quarter non-GAAP revenue in the range of $169 million to $172 million, with full-year revenue growth projected at 10% to 11% [31] - The company is hosting its annual conference, Q2 Connect, which is expected to impact sales and marketing expenses by approximately $1.5 million [13] Q&A Session Summary Question: What is driving the Tier 2 resurgence? - Management noted that Tier 2 and Tier 3 financial institutions are increasingly recognizing the competitive advantages of using the company's technology, leading to a resurgence in demand [79][81] Question: Can you provide an update on the visibility of getting booked ARR live? - Management indicated that the percentage of booked ARR not live has decreased from 18% to 15%, providing better visibility for future revenue recognition [20][22] Question: How does the company view the expansion opportunities within its existing customer base? - Management highlighted that many Tier 1 customers are only utilizing one component of the platform, presenting significant cross-sell opportunities [59][61] Question: What is the company's strategy regarding AI and Innovation Studio? - The company is focusing on enhancing user experience and operational efficiency through AI, with a strong emphasis on partnerships to deliver innovative solutions [48][70] Question: How does the company plan to manage headcount in relation to growth opportunities? - Management acknowledged the need to add resources to capture growth opportunities while also exploring efficiencies through partner utilization [56][58]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 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 Number 001-36350 (833) 444-3469 Registrant's Telephone Number, Including Area Code Not Applicable ...

Exhibit 99.1 FOR IMMEDIATE RELEASE Q2 Holdings, Inc. Announces First Quarter 2024 Financial Results AUSTIN, Texas (May 1, 2024)—Q2 Holdings, Inc. (NYSE:QTWO), a leading provider of digital transformation solutions for financial services, today announced results for its first quarter ending March 31, 2024. GAAP Results for the First Quarter 2024 Non-GAAP Results for the First Quarter 2024 For a reconciliation of our GAAP to non-GAAP results, please see the tables below. "We had a strong start to the year wit ...

Q2 Holdings, Inc. (NYSE:QTWO) Q4 2023 Earnings Conference Call February 21, 2024 5:00 PM ET Company Participants Josh Yankovich - IR Matt Flake - CEO David Mehok - CFO Jonathan Price - EVP, Strategy & Emerging Businesses Kirk Coleman - President Conference Call Participants Pete Heckmann - DA Davidson Terry Tillman - Truist Securities Alex Sklar - Raymond James Adam Hotchkiss - Goldman Sachs James Faucette - Morgan Stanley Joseph Vafi - Canaccord Genuity Adib Choudhury - William Blair Matthew Kikkert - Stif ...