QuinStreet, Inc. has recently released its 10-K report, providing an in-depth look at its financial performance and operations. The company, incorporated in 1999 and headquartered in Foster City, California, specializes in providing customer acquisition services for clients in the financial and home services industries. QuinStreet offers online marketing services, such as qualified clicks, leads, calls, applications, and customers through its websites or third-party publishers, primarily in North America.
In the 10-K report, QuinStreet's management discusses the company's financial condition and results of operations. The company's primary financial objective is to achieve revenue growth from sustainable sources at target levels of profitability. It aims to deliver measurable and cost-effective marketing results to clients, typically in the form of qualified inquiries. QuinStreet's net revenue primarily comes from fees earned through the delivery of qualified inquiries such as clicks, leads, calls, applications, or customers, with the majority of its revenue generated from sales to clients in the United States.
The report also highlights various trends affecting QuinStreet's business, including challenges in the financial services client vertical due to factors such as limited availability of high-quality media and changes in search engine algorithms. The company has made strategic acquisitions, such as the acquisition of Modernize, to broaden its customer and media relationships in the home services client vertical.
QuinStreet's financial results are subject to significant fluctuation due to seasonality, with quarters ending December 31 typically characterized by seasonal weakness. Additionally, the company's revenue is impacted by federal, state, and industry-based regulations, as well as changes in regulatory standards.
The 10-K report provides a detailed breakdown of QuinStreet's consolidated statements of operations for the fiscal years ended June 30, 2024, 2023, and 2022. In fiscal year 2024, the company reported net revenue of $613,514 thousand, with a gross profit of $46,246 thousand. Cost of revenue amounted to $567,268 thousand, resulting in an operating profit of $46,246 thousand.
Following these announcements, the company's shares moved 1.0%, and are now trading at a price of $17.45. For the full picture, make sure to review QuinStreet's 10-K report.
