Quinstreet (QNST) FY2020 results: revenue $490 million, up 7.7% on the year
Quinstreet, Inc. (QNST) reported revenue of $490 million for fiscal 2020, the year ended 30 June 2020, up 7.7% on the year before. Net income was $18 million, down 71.0%, and diluted earnings per share $0.34. The figures are the company's own, from the 10-K it filed with the SEC on 28 August 2020.
Revenue
$490 million
+7.7% on the year
FY2013FY2020
Operating margin
1.3%
2.4% a year earlier
FY2013FY2020
Net income
$18 million
-71.0% on the year
FY2013FY2020
Diluted EPS
$0.34
-71.2% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
490
455
404
+7.7%
Cost of revenue
438
394
346
+11.3%
Gross profit
52.5
61.6
58.4
-14.9%
Gross margin
10.7%
13.5%
14.4%
Research and development
14.2
12.3
13.8
+15.2%
Operating income
6.2
10.7
15.6
-42.2%
Operating margin
1.3%
2.4%
3.9%
Interest expense
0.7
0.4
0.0
+89.6%
Pre-tax income
18.7
10.7
16.5
+74.3%
Income tax
0.6
-51.8
0.6
Effective tax rate
3.1%
-482.9%
3.5%
Net income
18.1
62.5
15.9
-71.0%
Net margin
3.7%
13.7%
3.9%
Diluted EPS
$0.34
$1.18
$0.32
-71.2%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
47.6
38.0
27.0
+25.4%
Capital expenditure
2.0
2.0
0.6
-0.5%
Free cash flow
45.6
36.0
26.4
+26.8%
Free cash flow margin
9.3%
7.9%
6.5%
Cash from investing
8.9
-37.0
-15.8
Cash from financing
-11.6
-4.1
3.9
Depreciation and amortisation
11.5
9.0
7.8
+27.9%
Share-based compensation
16.7
14.1
10.2
+18.3%
Buybacks
0.0
0.0
0.6
Diluted shares, weighted
53m
53m
50m
+1.2%
Shares outstanding at period end
52m
51m
48m
+3.3%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
256
223
148
+14.9%
Debt
0.0
0.0
0.0
Operating lease liabilities
8.7
0.0
n/a
Other liabilities
93.8
102
72.0
-7.9%
Total liabilities and equity
358
325
220
+10.4%
Fixed assets
5.7
5.4
4.2
+4.6%
Goodwill
80.7
82.5
62.3
-2.3%
Intangible assets
28.2
35.1
8.6
-19.8%
Cash and equivalents
108
62.5
64.7
+72.0%
Receivables
64.5
75.6
68.5
-14.8%
Other assets
71.9
63.4
12.0
+13.5%
Total assets
358
325
220
+10.4%
10-K for the year ended 30 June 2020, filed 28 August 2020: the filing.