Quinstreet (QNST) FY2019 results: revenue $455 million, up 12.6% on the year
Quinstreet, Inc. (QNST) reported revenue of $455 million for fiscal 2019, the year ended 30 June 2019, up 12.6% on the year before. Net income was $62 million, up 292.2%, and diluted earnings per share $1.18. The figures are the company's own, from the 10-K it filed with the SEC on 29 August 2019.
Revenue
$455 million
+12.6% on the year
FY2012FY2019
Operating margin
2.4%
3.9% a year earlier
FY2012FY2019
Net income
$62 million
+292.2% on the year
FY2012FY2019
Diluted EPS
$1.18
+268.7% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
455
404
300
+12.6%
Cost of revenue
394
346
269
+13.7%
Gross profit
61.6
58.4
30.4
+5.5%
Gross margin
13.5%
14.4%
10.1%
Research and development
12.3
13.8
13.5
-10.7%
Operating income
10.7
15.6
-10.7
-31.4%
Operating margin
2.4%
3.9%
-3.6%
Interest expense
0.4
0.0
0.3
Pre-tax income
10.7
16.5
-13.3
-35.1%
Income tax
-51.8
0.6
-1.1
Effective tax rate
-482.9%
3.5%
n/a
Net income
62.5
15.9
-12.2
+292.2%
Net margin
13.7%
3.9%
-4.1%
Diluted EPS
$1.18
$0.32
-$0.27
+268.7%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
38.0
27.0
18.5
+40.7%
Capital expenditure
2.0
0.6
1.2
+223.3%
Free cash flow
36.0
26.4
17.4
+36.5%
Free cash flow margin
7.9%
6.5%
5.8%
Cash from investing
-37.0
-15.8
-3.4
Cash from financing
-4.1
3.9
-18.5
Depreciation and amortisation
9.0
7.8
11.4
+15.6%
Share-based compensation
14.1
10.2
8.9
+38.8%
Buybacks
0.0
0.6
2.5
Diluted shares, weighted
53m
50m
46m
+5.8%
Shares outstanding at period end
51m
48m
45m
+4.9%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
223
148
118
+50.2%
Debt
0.0
0.0
0.0
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
102
72.0
56.2
+41.4%
Total liabilities and equity
325
220
174
+47.4%
Fixed assets
5.4
4.2
5.6
+28.5%
Goodwill
82.5
62.3
56.1
+32.5%
Intangible assets
35.1
8.6
4.1
+309.6%
Cash and equivalents
62.5
64.7
49.6
-3.4%
Receivables
75.6
68.5
44.1
+10.4%
Other assets
63.4
12.0
14.8
+426.6%
Total assets
325
220
174
+47.4%
10-K for the year ended 30 June 2019, filed 29 August 2019: the filing.