Quotient Technology (QUOT) Misses Q4 EPS by 12c, Revenues Miss; Offers Q1 & FY19 Revenue Guidance Below Consensus

Quotient Technology (NYSE: QUOT) reported Q4 EPS of ($0.05), $0.12 worse than the analyst estimate of $0.07. Revenue for the quarter came in at $107.1 million versus the consensus estimate of $108.65 million.

“2018 was an exciting year. We delivered accelerated revenue growth, up 20% and grew Adjusted EBITDA by 22% over last year. In the fourth quarter, revenue grew 15% year over year, despite softer than anticipated CPG promotion spend in the fourth quarter,” said Mir Aamir, President and CEO of Quotient.

“Brands continue to shift more marketing dollars to digital platforms, with data and measurement at the forefront of this transformation. Our integrated digital marketing platform brings promotions, media and data together, and gives brands the ability to drive sales with greater insights and efficiencies. We enter 2019 on solid footing and are excited about continuing to grow the business at a strong pace, with several new solutions expected to roll out throughout the year.”

Fourth Quarter 2018 Financial Results

• Total revenue was $107.1 million in Q4 2018, an increase of 15% over Q4 2017.
• Revenues from promotions and media were $57.5 million and $49.6 million, respectively, compared to Q4 2017 revenues of $63.4 million and $29.7 million, respectively.
• GAAP net loss for Q4 2018 was $4.5 million, compared to net profit of $4.2 million in Q4 2017.
• Adjusted EBITDA was $16.5 million in Q4 2018, compared to $13.9 million in Q4 2017.
• Transactions totaled 869 million in Q4 2018, down 11% over Q4 2017.

GUIDANCE:

Quotient Technology sees Q1 2019 revenue of $94-98 million, versus the consensus of $105.42 million.

Quotient Technology sees FY2019 revenue of $460-470 million, versus the consensus of $482.94 million.

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

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