Quinstreet (QNST) FY2013 results: revenue $305 million, down 17.6% on the year
Quinstreet, Inc. (QNST) reported revenue of $305 million for fiscal 2013, the year ended 30 June 2013, down 17.6% on the year before. Net income was -$67 million, and diluted earnings per share $-1.57. The figures are the company's own, from the 10-K it filed with the SEC on 20 August 2013.
Revenue
$305 million
-17.6% on the year
FY2010FY2013
Operating margin
-29.1%
7.7% a year earlier
FY2010FY2013
Net income
-$67 million
FY2010FY2013
Diluted EPS
-$1.57
FY2010FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
305
370
403
-17.6%
Cost of revenue
252
283
292
-11.2%
Gross profit
53.5
87.0
111
-38.5%
Gross margin
17.5%
23.5%
27.5%
Research and development
19.0
21.1
24.2
-9.5%
Operating income
-88.8
28.5
49.1
Operating margin
-29.1%
7.7%
12.2%
Interest expense
5.2
4.5
4.2
+16.5%
Pre-tax income
-94.0
24.1
45.1
Income tax
-26.6
11.1
17.9
Effective tax rate
n/a
46.1%
39.7%
Net income
-67.4
13.0
27.2
Net margin
-22.1%
3.5%
6.8%
Diluted EPS
-$1.57
$0.28
$0.55
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
51.9
47.7
78.2
+8.8%
Capital expenditure
1.3
2.3
5.4
-40.9%
Free cash flow
50.6
45.5
72.8
+11.3%
Free cash flow margin
16.6%
12.3%
18.1%
Cash from investing
-7.5
-66.6
-135
Cash from financing
-21.6
-43.4
33.1
Depreciation and amortisation
32.3
31.1
27.3
+3.8%
Share-based compensation
12.0
13.0
13.9
-7.5%
Buybacks
6.2
43.9
n/a
-86.0%
Diluted shares, weighted
43m
47m
49m
-8.6%
Shares outstanding at period end
43m
43m
47m
-0.8%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
279
338
355
-17.6%
Debt
92.7
108
106
-13.9%
Other liabilities
58.0
61.2
63.5
-5.3%
Total liabilities and equity
430
507
525
-15.3%
Fixed assets
9.7
8.8
8.9
+10.9%
Goodwill
150
243
212
-38.1%
Intangible assets
50.5
72.4
65.8
-30.3%
Investments
37.8
36.7
34.9
+3.0%
Cash and equivalents
90.1
68.5
132
+31.5%
Receivables
38.4
52.8
48.2
-27.3%
Other assets
52.5
24.8
22.9
+111.7%
Total assets
430
507
525
-15.3%
10-K for the year ended 30 June 2013, filed 20 August 2013: the filing.