Quinstreet (QNST) FY2014 results: revenue $283 million, down 7.4% on the year
Quinstreet, Inc. (QNST) reported revenue of $283 million for fiscal 2014, the year ended 30 June 2014, down 7.4% on the year before. Net income was -$146 million, and diluted earnings per share $-3.36. The figures are the company's own, from the 10-K it filed with the SEC on 12 September 2014.
Revenue
$283 million
-7.4% on the year
FY2010FY2014
Operating margin
-38.2%
-29.1% a year earlier
FY2010FY2014
Net income
-$146 million
FY2010FY2014
Diluted EPS
-$3.36
FY2010FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
283
305
370
-7.4%
Cost of revenue
242
252
283
-3.8%
Gross profit
40.6
53.5
87.0
-24.0%
Gross margin
14.4%
17.5%
23.5%
Research and development
19.5
19.0
21.1
+2.6%
Operating income
-108
-88.8
28.5
Operating margin
-38.2%
-29.1%
7.7%
Interest expense
3.8
5.2
4.5
-26.4%
Pre-tax income
-110
-94.0
24.1
Income tax
36.2
-26.6
11.1
Effective tax rate
n/a
n/a
46.1%
Net income
-146
-67.4
13.0
Net margin
-51.8%
-22.1%
3.5%
Diluted EPS
-$3.36
-$1.57
$0.28
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
18.4
51.9
47.7
-64.6%
Capital expenditure
5.5
1.3
2.3
+306.8%
Free cash flow
12.9
50.6
45.5
-74.4%
Free cash flow margin
4.6%
16.6%
12.3%
Cash from investing
-10.7
-7.5
-66.6
Cash from financing
n/a
-21.6
-43.4
Depreciation and amortisation
26.1
32.3
31.1
-19.3%
Share-based compensation
10.4
12.0
13.0
-13.2%
Buybacks
n/a
6.2
43.9
Diluted shares, weighted
44m
43m
47m
+1.7%
Shares outstanding at period end
44m
43m
43m
+2.7%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
145
279
338
-48.0%
Debt
77.3
92.7
108
-16.6%
Other liabilities
54.4
58.0
61.2
-6.1%
Total liabilities and equity
277
430
507
-35.6%
Fixed assets
11.1
9.7
8.8
+14.6%
Goodwill
55.5
150
243
-63.1%
Intangible assets
31.4
50.5
72.4
-37.7%
Investments
38.6
37.8
36.7
+2.1%
Cash and equivalents
84.2
90.1
68.5
-6.6%
Receivables
42.0
38.4
52.8
+9.3%
Other assets
14.0
52.5
24.8
-73.3%
Total assets
277
430
507
-35.6%
10-K for the year ended 30 June 2014, filed 12 September 2014: the filing.