Quotient Technology Inc. (QUOT) stock was falling in the intraday session following the release of second-quarter 2021 financial results. QUOT stock price saw a downtrend of 25.21% to drop at $8.13 a share as of this writing. Quotient Technology Inc is the digital media and promotions technology stock that empowers brands via integrated digital media and promotions programs.
Second Quarter 2021 Financial Results:
- QUOT stock suffered a quarterly loss of $0.18 per share, higher than Zacks Consensus Estimate of a loss of $0.10. This means -80% quarterly earnings surprise for the Quotient stock. It is the fourth consecutive quarter for which QUOT stock has not surpassed the consensus EPS estimate.
- QUOT stock generated $123.9 million revenue in Q2 2021 which is 48% higher as compared to revenue in the same quarter last. This revenue has surpassed the Zacks Consensus Estimate by 3.95%.
- The gross margin for the Quotient stock in the reported quarter was $41.72 million as compared to $32.7 million in Q2 2020.
- Total operating expenses increased from $48.5 million in Q2 2020 to $55.1 million in Q2 2021.
- QUOT stock reported a GAAP net loss of $17.2 million in the second quarter of 2021.
- The adjusted EBITDA of the stock in the reported quarter was $4.3 million.
QUOT stock’s 3rd Quarter and Full Year 2021 Outlook:
Quotient Technology expects its third-quarter revenue between $126.0 million to $133.0 million. The stock projects its adjusted EBITDA in the range of $2.0 million to $12.0 million. The stock expects to record operating cash flow between $7.0 million to $12.0 million.
For the full fiscal year 2021, the revenue estimate of Quotient stock is between $505.0 million to $522.0 million. Adjusted EBITDA will be in the range of $50.0 million to $65.0 million.
Previous Development of QUOT stock:
QUOT stock on July 15 launched multi-touch, impression-based attribution measurements that possess self-serve capabilities. This new methodology within the Quotient Analytics Platform will make advertisers, agencies, and retailers able to measure the performance of their omnichannel campaigns. These campaigns will run on the Quotient Analytics platform.
Wrap Up:
Investors are responding negatively to the release of second-quarter 2021 financial results. The stock lost 16.60% year to date and 740,256 average trading volume. Investors eyeing Quotient stock need to do deep research before adding this to their portfolio.
