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Income Statement (USD)
Q1 '24 | QoQ | |
---|---|---|
Revenue | 169M | 37.4% |
Gross Profit | 14M | 108.8% |
Cost of Revenue | 154M | 33.2% |
Operating expense | 22M | 7.2% |
Net Income | -7M | 39% |
EBITDA | -1.1M | 79.4% |
Balance Sheet (USD)
Q1 '24 | QoQ | |
---|---|---|
Total Assets | 349M | 8.8% |
Total Liabilities | 134M | 27.1% |
Total Equity | 215M | 0.1% |
Shares Outstanding | 55M | 0.7% |
Cash Flow (USD)
Q1 '24 | QoQ | |
---|---|---|
Cash from operations | 4.1M | 212.5% |
Cash from investing | -9.7M | 126.7% |
Cash from financing | -320,000 | 88.8% |
EPS
Financial Highlights for QuinStreet in Q1 '24
QuinStreet reported a revenue of 169M, which is a 37.4% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 14M, marking a 108.8% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 154M, a 33.2% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 22M, showing a 7.2% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -7M, showing a 39% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -1.1M, showing a 79.4% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for QuinStreet with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.