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AI brief of an SEC Form 8-K · QuinStreet (QNST)

QuinStreet Q1 revenue falls 14% to $123.9 million as net loss widens to $10.6 million

Negative Impact 3 of 5 earnings Written later

QuinStreet reported fiscal first-quarter 2024 results for the quarter ended September 30, 2023. Revenue fell 14% year over year to $123.9 million, and the GAAP net loss grew to $10.6 million, or $(0.19) per diluted share, from $4.5 million a year earlier. The company expects full fiscal 2024 revenue to grow 5% to 15%, but guided fiscal second-quarter revenue to $113 million to $118 million.

Key points

  • Q1 revenue was $123.9 million, down 14% from $143.6 million a year earlier; non-insurance client verticals grew 18% and made up 79% of revenue
  • GAAP net loss was $(10.6) million, or $(0.19) per diluted share, versus $(4.5) million, or $(0.08) per share, in the prior-year quarter
  • Adjusted EBITDA was $1.0 million, compared with $4.8 million a year earlier; cash and cash equivalents were $56.3 million with no bank debt
  • Outlook: full fiscal 2024 revenue expected to grow 5% to 15%; fiscal Q2 revenue expected at $113 million to $118 million and adjusted EBITDA at $(0.5) million to $0.5 million

The filing

CompanyQuinStreet (QNST)
Form8-K, current report
Filed with the SECNov 1, 2023, 4:15 PM ET
Accession number0000950170-23-057455

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:59 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 01, 2023.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.