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QNST - QuinStreet, Inc.

NASDAQ -> Communication Services -> Advertising Agencies
Foster City, United States
Type: Equity

QNST price evolution
QNST
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jul 2023 31 Mar 2023
Current assets
Cash $45.52 $56.3 $73.68 $62.96
Short term investments
Net receivables $74.73 $67.68 $67.75 $105.61
Inventory
Total current assets $128.08 $132.68 $151.2 $177.3
Long term investments
Property, plant & equipment $32.51 $25.31 $20.29 $19.16
Goodwill & intangible assets $154.69 $157.26 $159.84 $162.5
Total noncurrent assets $192.84 $188.29 $185.95 $235.18
Total investments
Total assets $320.92 $320.96 $337.15 $412.48
Current liabilities
Accounts payable $33.78 $34.29 $37.93 $41.28
Deferred revenue $0.01
Short long term debt
Total current liabilities $85.03 $83.26 $89.82 $112.79
Long term debt $9.06 $4.05 $1.26 $1.29
Total noncurrent liabilities $20.63 $15.37 $17.53 $15.16
Total debt $9.06 $4.05 $1.26 $1.29
Total liabilities $105.66 $98.63 $107.35 $127.95
Shareholders' equity
Retained earnings -$121.2 -$109.64 -$99.08 -$43.19
Other shareholder equity -$0.27 -$0.27 -$0.27 -$0.27
Total shareholder equity $215.25 $222.34 $229.8 $284.53
(in millions $) 31 Dec 2023 30 Jul 2022 31 Dec 2021 31 Dec 2020
Current assets
Cash $73.68 $96.44 $110.32 $107.51
Short term investments
Net receivables $67.75 $81.43 $87.93 $64.47
Inventory
Total current assets $151.2 $182.79 $206.18 $185.57
Long term investments
Property, plant & equipment $20.29 $16.11 $17.83 $14.78
Goodwill & intangible assets $159.84 $170.84 $177.01 $108.85
Total noncurrent assets $185.95 $237.12 $243.34 $172.84
Total investments
Total assets $337.15 $419.91 $449.51 $358.41
Current liabilities
Accounts payable $37.93 $42.41 $45.23 $36.76
Deferred revenue $0.01 $0.34 $0.03 $0.07
Short long term debt
Total current liabilities $89.82 $109.58 $115.61 $85.84
Long term debt $1.26 $3.86 $8.54 $8.69
Total noncurrent liabilities $17.53 $24.33 $38.76 $16.63
Total debt $1.26 $3.86 $8.54 $8.69
Total liabilities $107.35 $133.91 $154.37 $102.46
Shareholders' equity
Retained earnings -$99.08 -$30.21 -$24.97 -$48.52
Other shareholder equity -$0.27 -$0.26 -$0.26 -$0.24
Total shareholder equity $229.8 $286 $295.15 $255.94
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Revenue
Total revenue $122.68 $123.92 $130.31 $172.67
Cost of revenue $115.83 $116.27 $119.71 $155.63
Gross Profit $6.85 $7.65 $10.6 $17.04
Operating activities
Research & development $7.27 $7.64 $7.06 $7.83
Selling, general & administrative $10.98 $9.91 $8.88 $10.62
Total operating expenses $18.21 $17.52 $15.95 $18.46
Operating income -$11.36 -$9.87 -$5.35 -$1.42
Income from continuing operations
EBIT -$11.19 -$9.7 -$5.12 -$1.38
Income tax expense $0.25 $0.75 $50.61 -$1.08
Interest expense $0.11 $0.11 $0.16 $0.19
Net income
Net income -$11.55 -$10.56 -$55.89 -$0.48
Income (for common shares) -$11.55 -$10.56 -$55.89 -$0.48
(in millions $) 31 Dec 2023 30 Jul 2022 31 Dec 2021 31 Dec 2020
Revenue
Total revenue $580.62 $582.1 $578.49 $490.34
Cost of revenue $532.1 $507.96 $437.86
Gross Profit $48.52 $53.73 $70.53 $52.48
Operating activities
Research & development $28.89 $19.34 $14.21
Selling, general & administrative $40.45 $37.26 $32.06
Total operating expenses $69.39 $58.45 $39.95 $33.32
Operating income -$20.87 $30.59 $19.15
Income from continuing operations
EBIT -$20.57 $30.63 $19.38
Income tax expense $47.5 -$0.51 $5.77 $0.58
Interest expense $0.79 -$1.06 $1.3 $0.7
Net income
Net income -$68.87 -$5.25 $23.55 $18.1
Income (for common shares) -$68.87 $23.55 $18.1
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Net income -$11.55 -$10.56 -$55.89 -$0.48
Operating activities
Depreciation $5.36 $5.08 $4.89 $4.69
Business acquisitions & disposals
Stock-based compensation $6.07 $5.28 $2.73 $5.31
Total cash flows from operations -$3.65 -$4.97 $17.97 -$9.33
Investing activities
Capital expenditures -$1.34 -$1.62 -$1.02 -$0.48
Investments
Total cash flows from investing -$4.28 -$5.09 -$4.47 -$3.52
Financing activities
Dividends paid
Sale and purchase of stock -$0.74 $0.15 -$0.9 $1.41
Net borrowings
Total cash flows from financing -$2.85 -$7.31 -$2.78 -$3.29
Effect of exchange rate $0.01 $0.01 -$0 -$0
Change in cash and equivalents -$10.79 -$17.37 $10.71 -$16.14
(in millions $) 31 Dec 2023 30 Jul 2022 31 Dec 2021 31 Dec 2020
Net income -$68.87 $23.55 $18.1
Operating activities
Depreciation $18.07 $15.38 $11.73
Business acquisitions & disposals -$27.36 $13.1
Stock-based compensation $18.79 $19.63 $16.72
Total cash flows from operations $11.84 $50.62 $47.61
Investing activities
Capital expenditures -$3.06 -$1.97 -$1.96
Investments -$4
Total cash flows from investing -$15.13 -$9.22 -$36.46 $8.87
Financing activities
Dividends paid
Sale and purchase of stock -$2.43 $4.36 $4.09
Net borrowings
Total cash flows from financing -$19.46 -$33.31 -$11.31 -$11.63
Effect of exchange rate -$0.01 -$0.01 -$0.04 $0.14
Change in cash and equivalents -$22.76 -$13.88 $2.81 $44.99
Fundamentals
Market cap $952.30M
Enterprise value $915.83M
Shares outstanding 54.89M
Revenue $549.59M
EBITDA -$7.36M
EBIT -$27.39M
Net Income -$78.49M
Revenue Q/Q -8.48%
Revenue Y/Y N/A
P/E ratio -12.13
EV/Sales 1.67
EV/EBITDA -124.43
EV/EBIT -33.44
P/S ratio 1.73
P/B ratio 4.42
Book/Share 3.93
Cash/Share 0.83
EPS -$1.43
ROA -22.56%
ROE -32.98%
Debt/Equity 0.47
Net debt/EBITDA -8.17
Current ratio 1.51
Quick ratio 1.51