Quotient Technology (QUOT) Misses Q1 EPS by 10c, Revenues Beat; Offers 2Q & FY19 Revenue Mid-Point Guidance Above Consensus

Quotient Technology (NYSE: QUOT) reported Q1 EPS of ($0.14), $0.10 worse than the analyst estimate of ($0.04). Revenue for the quarter came in at $98.01 million versus the consensus estimate of $96.07 million.

• Financial results beat top end of guidance
• Media grew 50% over Q1 2018 fueled by Retail Performance Media (RPM) and social influencer marketing
• Existing customers continue to spend more; 120% annual dollar-based net retention rate
• Launched Quotient Audience Cloud with over 2000 consumer segments reaching ~100% of U.S. households
• Generated $9.7 million in cash from operations

“We had a great start to the year. We delivered financial results above our guidance range, fueled by RPM and social influencer marketing. This quarter we also added new retailers on RPM, and sponsored search capabilities for brands and retailers to drive sales through retailers’ ecommerce platform,” said Mir Aamir, President and CEO of Quotient. “We operate in a massive market, where CPGs spend about $225 billion dollars in promotions and marketing. We believe we have a broad and powerful technology platform that spans across digital promotions and media – fully integrated to allow for personalized marketing to consumers at scale, with measurement. This gives us a solid foundation and a sustainable competitive advantage to drive revenue for years to come.”

GUIDANCE:

Quotient Technology sees Q2 2019 revenue of $102-106 million, versus the consensus of $103.61 million.

Quotient Technology sees FY2019 revenue of $460-470 million, versus the consensus of $463.5 million.

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

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