QuinStreet Inc. (QNST) Financial Statements (2024 and earlier)

Company Profile

Business Address 950 TOWER LANE, 6TH FLOOR
FOSTER CITY, CA 94404
State of Incorp.
Fiscal Year End June 30
Industry (SIC) 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
Q2
9/30/2023
Q1
6/30/2023
Q4
3/31/2023
Q3
12/31/2022
Q2
9/30/2022
Q1
6/30/2022
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments56,30573,67762,96279,10488,38296,439
Cash and cash equivalents56,30573,67762,96279,10488,38296,439
Receivables67,68467,868105,60671,41275,48781,560
Prepaid expense  8,241   4,195
Other current assets  1,418   598
Other undisclosed current assets8,690 8,7295,2145,212 
Total current assets:132,679151,204177,297155,730169,081182,792
Noncurrent Assets
Operating lease, right-of-use asset5,8063,5364,0204,9896,0736,801
Property, plant and equipment19,50416,74915,14313,06911,2299,311
Intangible assets, net (including goodwill)157,263159,841162,503165,311168,015170,837
Goodwill121,141121,141121,141121,141121,141121,141
Intangible assets, net (excluding goodwill)36,12238,70041,36244,17046,87449,696
Deferred income tax assets   47,54746,54345,04244,220
Other noncurrent assets5,7135,8255,9696,2516,0875,948
Total noncurrent assets:188,286185,951235,182236,163236,446237,117
TOTAL ASSETS:320,965337,155412,479391,893405,527419,909
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities75,60881,936104,17184,68691,97096,869
Accounts payable34,28637,92641,27937,84040,91642,410
Accrued liabilities41,32244,01062,89246,84651,05454,459
Deferred revenue  9 1048341
Other liabilities7,6497,8758,62211,47812,35912,369
Total current liabilities:83,25789,820112,79396,174104,377109,579
Noncurrent Liabilities
Long-term debt and lease obligation:     2,8913,858
Liabilities, other than long-term debt15,37217,53415,15915,92315,00320,472
Other liabilities11,32516,27313,86814,18215,00320,472
Operating lease, liability4,0471,2611,2911,7412,8913,858
Total noncurrent liabilities:15,37217,53415,15915,92317,89424,330
Total liabilities:98,629107,354127,952112,097122,271133,909
Equity
Equity, attributable to parent222,336229,801284,527279,796283,256286,000
Common stock555454545453
Additional paid in capital332,194329,093327,929322,720318,199316,422
Accumulated other comprehensive loss(268)(266)(267)(268)(266)(261)
Accumulated deficit(109,645)(99,080)(43,189)(42,710)(34,731)(30,214)
Total equity:222,336229,801284,527279,796283,256286,000
TOTAL LIABILITIES AND EQUITY:320,965337,155412,479391,893405,527419,909

Income Statement (P&L) ($ in thousands)

12/31/2023
Q2
9/30/2023
Q1
6/30/2023
Q4
3/31/2023
Q3
12/31/2022
Q2
9/30/2022
Q1
6/30/2022
Q4
Revenues123,923130,312172,671134,048143,593146,502
Cost of revenue(116,274)(119,713)(155,633)(125,510)(131,245)(134,742)
Gross profit:7,64910,59917,0388,53812,34811,760
Operating expenses(17,548)(15,937)(18,447)(17,710)(17,245)(13,923)
Operating loss:(9,899)(5,338)(1,409)(9,172)(4,897)(2,163)
Nonoperating income (expense)195223343(16)(27)
Investment income, nonoperating166231461273
Other nonoperating income (expense)29(8)(12)(9)(23)(30)
Interest and debt expense(111)(164)(187)(213)(226)(258)
Loss from continuing operations before income taxes:(9,815)(5,279)(1,562)(9,382)(5,139)(2,448)
Income tax expense (benefit)(750)(50,612)1,0831,403622(2,495)
Loss from continuing operations:(10,565)(55,891)(479)(7,979)(4,517)(4,943)
Loss before gain (loss) on sale of properties:(4,517)(4,943)
Net loss available to common stockholders, diluted:(10,565)(55,891)(479)(7,979)(4,517)(4,943)

Comprehensive Income ($ in thousands)

12/31/2023
Q2
9/30/2023
Q1
6/30/2023
Q4
3/31/2023
Q3
12/31/2022
Q2
9/30/2022
Q1
6/30/2022
Q4
Net loss:(10,565)(55,891)(479)(7,979)(4,517)(4,943)
Other comprehensive income (loss) (2)11(2)(5)(5)
Comprehensive loss, net of tax, attributable to parent:(10,567)(55,890)(478)(7,981)(4,522)(4,948)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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