Quinstreet (QNST) FY2018 results: revenue $404 million, up 34.9% on the year
Quinstreet, Inc. (QNST) reported revenue of $404 million for fiscal 2018, the year ended 30 June 2018, up 34.9% on the year before. Net income was $16 million, and diluted earnings per share $0.32. The figures are the company's own, from the 10-K it filed with the SEC on 12 September 2018.
Revenue
$404 million
+34.9% on the year
FY2011FY2018
Operating margin
3.9%
-3.6% a year earlier
FY2011FY2018
Net income
$16 million
FY2011FY2018
Diluted EPS
$0.32
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
404
300
298
+34.9%
Cost of revenue
346
269
271
+28.4%
Gross profit
58.4
30.4
26.7
+92.3%
Gross margin
14.4%
10.1%
9.0%
Research and development
13.8
13.5
16.4
+2.4%
Operating income
15.6
-10.7
-18.9
Operating margin
3.9%
-3.6%
-6.3%
Interest expense
0.0
0.3
0.6
Pre-tax income
16.5
-13.3
-19.3
Income tax
0.6
-1.1
0.1
Effective tax rate
3.5%
n/a
n/a
Net income
15.9
-12.2
-19.4
Net margin
3.9%
-4.1%
-6.5%
Diluted EPS
$0.32
-$0.27
-$0.43
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
27.0
18.5
1.0
+45.5%
Capital expenditure
0.6
1.2
1.9
-47.4%
Free cash flow
26.4
17.4
-0.8
+51.8%
Free cash flow margin
6.5%
5.8%
-0.3%
Cash from investing
-15.8
-3.4
-5.2
Cash from financing
3.9
-18.5
-2.5
Depreciation and amortisation
7.8
11.4
15.1
-31.7%
Share-based compensation
10.2
8.9
11.0
+14.4%
Buybacks
0.6
2.5
0.0
-74.0%
Diluted shares, weighted
50m
46m
45m
+9.4%
Shares outstanding at period end
48m
45m
46m
+6.0%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
148
118
125
+25.6%
Debt
0.0
0.0
15.0
Other liabilities
72.0
56.2
53.4
+28.0%
Total liabilities and equity
220
174
193
+26.4%
Fixed assets
4.2
5.6
7.7
-25.0%
Goodwill
62.3
56.1
56.1
+11.0%
Intangible assets
8.6
4.1
10.1
+108.8%
Cash and equivalents
64.7
49.6
53.7
+30.5%
Receivables
68.5
44.1
47.2
+55.5%
Other assets
12.0
14.8
18.3
-18.9%
Total assets
220
174
193
+26.4%
10-K for the year ended 30 June 2018, filed 12 September 2018: the filing.