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Q2 Holdings Inc. (symbol: QTWO) is at the forefront of providing innovative, cloud-based virtual banking solutions tailored for regional financial institutions. The company's core offerings empower retail and commercial end-users with the convenience of banking anytime, anywhere, and on any device, which is a growing need in today's digital-first world.
Q2's robust platform integrates various banking channels, including online, voice, mobile, and tablet, into a single, unified interface. This seamless experience not only enhances user engagement but also helps financial institutions compete effectively with larger, more established banks. With a focus on security and regulatory compliance, Q2 ensures that all transactions are secure and meet industry standards.
The company generates the majority of its revenue from subscription-based software services, predominantly within the United States. Q2's technologies are designed to provide a comprehensive view of account holder activities, thereby enabling financial institutions to offer personalized and efficient services to their customers.
Recent achievements include significant partnerships and integrations that enhance the capability of Q2's platform to support multi-factor authentication and open vendor integration with third-party applications. These advancements ensure that Q2 remains a competitive and valuable partner for financial institutions looking to modernize their banking services.
As digital banking continues to evolve, Q2 Holdings Inc. is well-positioned to lead the charge with its comprehensive, user-friendly solutions that meet the dynamic needs of today's banking environment.
Q2 Holdings (QTWO) reported strong Q1 2021 results with revenue of $116.5 million, marking a 26% year-over-year increase. The company achieved a GAAP gross margin of 45.7% and a net loss of $25.7 million, an improvement from previous quarters. Non-GAAP revenue reached $117.0 million with a gross margin of 52.6%. Adjusted EBITDA was $9.9 million. The company secured significant contracts with Tier 1 banks and reported over 18.3 million registered users on its platform. Q2 Holdings has raised its full-year revenue guidance, reflecting a positive outlook.
Q2 Holdings, Inc. (NYSE: QTWO) is scheduled to participate in several investor conferences in Q2 2021, including: the ScotiaBank Technology Leaders Summit on May 13, JP Morgan Technology, Media & Communications Conference on May 24, William Blair Annual Growth Stock Conference on June 2, Stifel Virtual Cross Sector Insight Conference on June 10, and KeyBanc’s Cloud and Open Banking Spotlight Day on June 14. Live webcasts and replays will be available on their Investor Relations page.
Q2 Holdings, Inc. (NYSE: QTWO) announced the appointment of Lynn Antipas Tyson to its board of directors, effective immediately. With over 30 years of experience in treasury and corporate finance at companies like Ford, PepsiCo, and Dell, Ms. Tyson will also serve on the Audit and Nominating & Corporate Governance committees. She currently oversees investor relations at Ford, contributing to value creation and risk management. CEO Matt Flake highlighted Ms. Tyson's expertise in navigating industry transformations as a significant asset for Q2's growth strategy.
Q2 Holdings, Inc. (NYSE:QTWO) will release its financial results for Q1 2021 after market close on May 5, 2021. A conference call will be held on May 6, 2021, at 8:30 a.m. EDT, led by CEO Matt Flake and CFO David Mehok. Participants must register to obtain the dial-in information, and the call will be accessible via a live webcast on the Q2 investor relations website. Q2 focuses on providing digital banking and lending solutions worldwide, aiming to enhance financial experiences for banks and fintech companies.
ALTR announced strong customer momentum following the launch of its ALTR Cloud Integration for Snowflake. This integration provides advanced data security and governance solutions for sensitive data on Snowflake’s platform. Key customers, such as HumanN, The Zebra, and Q2 Holdings, are leveraging ALTR to enhance data protection and manage credentialed threats. ALTR's unique technology focuses on securing data through role-based controls, aligning with their vision of unified data governance across enterprises.
Q2 Holdings, Inc. (NYSE:QTWO) has acquired ClickSWITCH, a digital account switching SaaS solution, enhancing its ability to help financial institutions attract and retain primary account holders. ClickSWITCH simplifies the onboarding process, streamlining direct deposits and automatic payments with over 450 clients benefiting from improved deposit capture and reduced acquisition costs. The acquisition aims to bolster Q2’s portfolio, providing comprehensive digital solutions that enhance customer experiences and drive profitability for financial institutions.
Q2 Holdings (NYSE:QTWO) reported Q4 2020 revenue of $109 million, a 26% year-over-year increase. Full-year revenue rose to $402.8 million, up 28% from 2019. Despite revenue growth, Q4 GAAP net loss widened to $37.8 million, compared to $15.7 million a year prior. GAAP gross margin fell to 40.8%, down from 48.4% in Q4 2019. The company signed multiple significant contracts and increased registered users by 22% to approximately 17.8 million.
Q2 Holdings, Inc. (NYSE: QTWO) will participate in two key conferences in Q1 2021: Wells Fargo’s Bank and Tech Pop Up Virtual Conference on March 5 and Truist Technology, Internet and Services Conference on March 9. Live webcasts and replays will be available on Q2's Investor Relations page. Q2 is committed to enhancing financial experiences by offering digital banking and lending solutions to various financial institutions globally. Headquartered in Austin, Texas, Q2 aims to empower its partners with secure, cohesive, and data-driven services.
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