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Quotient Technology's (QUOT) CFO Ceran to Depart; Expects to Meet or Exceed Q2 and FY Guidance

July 18, 2016 4:13 PM EDT

Quotient Technology Inc. (NYSE: QUOT) today announced that its Chief Financial Officer, Jennifer Ceran, has resigned from such position effective August 9th to pursue other opportunities.

Mir Aamir, Quotient's former CFO and its current Chief Operating Officer and President, will serve as interim CFO until the Company identifies a new CFO. The Company has initiated a search for a new CFO.

The Company expects to meet or exceed its Q2 guidance, which it provided in its first quarter press release issued on May 3, 2016, based on preliminary results for the quarter, and expects to affirm or increase its full-year 2016 financial guidance. Quotient will report final financial results for the second quarter 2016 and update its financial guidance for full-year 2016 in its regular quarterly earnings report, which is expected to be released Tuesday, August 2, 2016, after the market closes, followed by a conference call hosted by management at 4:30 p.m. EDT/1:30 p.m. PDT.

"I want to thank Jenny for her contributions to Quotient, and I wish her the best," said Steven Boal, CEO of Quotient. "We are pleased with the momentum we're seeing in the business, and I look forward to sharing more during our scheduled earnings call."

The Q2 operating results are preliminary, and, therefore, remain subject to the Company's management completing the customary quarterly closing and review procedures. As noted above, Quotient is scheduled to release its final second quarter results and to provide guidance for the third quarter of 2016 and full-year 2016, on Tuesday August 2, 2016, after the market closes.



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