Quotient Technology (QUOT) Misses Q2 EPS by 11c, Beats on Revenues; Raises FY Guidance

Quotient Technology (NYSE: QUOT) reported Q2 EPS of ($0.06), $0.11 worse than the analyst estimate of $0.05. Revenue for the quarter came in at $74.5 million versus the consensus estimate of $73.72 million.

Business Outlook

As of today, Quotient is providing the following business outlook. For the third quarter 2017, total revenue is expected to be in the range of $81.0 million to $84.0 million. Adjusted EBITDA for the third quarter 2017 is expected to be in the range of $10.0 million to $12.0 million.

Quotient is increasing its full year 2017 outlook. Total revenue is expected to be in the range of $317.0 million to $323.0 million, or approximately 16% growth over full year 2016. Adjusted EBITDA for the full year 2017 is expected to be in the range of $45.0 million to $48.0 million.

A reconciliation of Adjusted EBITDA, a non-GAAP guidance measure, to a corresponding GAAP measure is not available on a forward-looking basis without unreasonable efforts due to the high variability and low visibility of certain income and expenses items that are excluded in calculating Adjusted EBITDA.

Highlights

• Q2 2017 revenue $74.5 million; Retailer iQ revenue grew 69% over Q2 2016
• Raises full-year guidance
• 793 million transactions, up 48% over Q2 2016
• Shoppers registered on programs powered by Retailer iQ reaches ~40% of U.S. households
• Company appoints David Oppenheimer to Board of Directors

GUIDANCE:

Quotient Technology sees FY2017 revenue of $317-323 million, versus the consensus of $313.27 million.

For earnings history and earnings-related data on Quotient Technology (QUOT) click here.

You May Also Be Interested In

• Sandisk targets mid-to-high teens revenue growth through FY2030
• Aebi Schmidt Holding AG (AEBI) Reports Q2 results; offers guidance
• Range Impact, Inc. (RNGE) Reports Q2 Loss of $0.02