Every material Form 8-K QuinStreet filed with the SEC in 2023, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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
QuinStreet reported fiscal fourth-quarter 2023 revenue of $130.3 million, down 11% from a year earlier, and a GAAP net loss of $55.9 million, or $1.03 per diluted share, which includes a $51.9 million tax valuation allowance. Adjusted EBITDA was $1.8 million, versus $5.1 million a year earlier, and the company guided fiscal first-quarter 2024 revenue to $120 million to $125 million.
Q4 revenue $130.3 million, down 11% year over year; full fiscal 2023 revenue $580.6 million, approximately flat
GAAP net loss $55.9 million ($1.03 per diluted share) in Q4 and $68.9 million for fiscal 2023; the Q4 result includes a $51.9 million tax valuation allowance
Adjusted EBITDA $1.8 million in Q4 and $16.7 million for fiscal 2023
Company expects fiscal 2024 revenue and adjusted EBITDA to grow at double-digit rates; fiscal Q1 revenue guidance is $120 million to $125 million, with adjusted EBITDA approximately break-even
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every QuinStreet filing is on SEC EDGAR ↗. 8-K briefs of other companies →