QuinStreet, Inc. Provides Earnings Guidance for the Third Quarter Ended March 2013; Reports Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended December 31, 2012
January 30, 2013 at 03:30 am IST
Share
QuinStreet, Inc. provided earnings guidance for the third quarter ended March 2013. For the quarter, the company expects adjusted EBITDA margin to be in the mid-teens. The company's expectation for revenue in the March quarter is in the $75 million to $80 million range.
The company reported unaudited consolidated financial results for the second quarter and six months ended December 31, 2012. For the quarter, the company reported net revenue of $71,751,000 compared to net revenue of $90,523,000 last year. Operating loss was $1,979,000 compared to operating income of $8,492,000 last year. Loss before income taxes was $3,309,000 compared to income before income taxes of $7,320,000 last year. Net income was $376,000 or $0.01 per basic and diluted share compared to $4,433,000 or $0.09 per basic and diluted share last year. Net cash provided by operating activities was $11,268,000 compared to $14,268,000 last year. Capital expenditures were $530,000 compared to $631,000 last year. Adjusted net income was $5,612,000 or $0.13 per diluted share compared to $10,852,000 or $0.23 per diluted share last year. Adjusted EBITDA was $11,229,000 compared to $19,530,000 last year. Free cash flow was $10,132,000 compared to $13,114,000 last year. Normalized free cash flow was $12,827,000 compared to $14,881,000 last year.
For the six months, the company reported net revenue of $150,377,000 compared to net revenue of $191,747,000 last year. Operating loss was $1,053,000 compared to operating income of $18,643,000 last year. Loss before income taxes was $3,321,000 compared to income before income taxes of $16,395,000 last year. Net income was $239,000 or $0.01 per basic and diluted share compared to $9,927,000 or $0.20 per diluted share last year. Net cash provided by operating activities was $21,639,000 compared to $24,945,000 last year. Capital expenditures were $821,000 compared to $1,384,000 last year. Adjusted net income was $11,837,000 or $0.27 per diluted share compared to $22,482,000 or $0.46 per diluted share last year. Adjusted EBITDA was $23,204,000 compared to $40,163,000 last year. Free cash flow was $19,561,000 compared to $22,479,000 last year. Normalized free cash flow was $22,556,000 compared to $29,824,000 last year.
QuinStreet, Inc. is engaged in providing performance marketplaces and technologies for the financial services and home services industries. The Company allows clients to engage intent digital media or traffic from a range of device types, in multiple formats or types of media, and in a range of cost-per-action (CPA) forms. Its primary products include qualified clicks, leads, calls, applications and customers. The Company specializes in customer acquisition for clients in high value, information-intensive markets, or verticals. Its media sources include owned-and-operated organic or search engine optimization websites, targeted search engine marketing (SEM) or pay-per-click (PPC) campaigns, social media and mobile programs, internal email databases, call center operations, partnerships with large and small online media companies, and more. It owns or accesses targeted media through business arrangements; runs advertisements or other forms of marketing messages and programs, and others.
QuinStreet, Inc. Provides Earnings Guidance for the Third Quarter Ended March 2013; Reports Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended December 31, 2012
QUINSTREET, INC. 
