Welcome to our dedicated page for Quotient Technology news (Ticker: QUOT), a resource for investors and traders seeking the latest updates and insights on Quotient Technology stock.
Quotient Technology Inc. (NYSE: QUOT), formerly known as Coupons.com Incorporated, stands at the forefront of the digital transformation within the multi-billion dollar promotions industry. By leveraging advanced technology, Quotient reshapes the landscape of shopping and commerce. Initially, the company revolutionized digital promotions by providing print-at-home coupons. Today, Quotient goes beyond this, processing vast amounts of data to predict consumer purchasing trends and deliver highly personalized and relevant offers.
In the previous year alone, Quotient powered over 3.5 billion digital-coupon transactions, enabling consumers to save an impressive $5.4 billion. This scale and reach are unmatched in the industry. Quotient's omnichannel platform is fueled by exclusive consumer spending data, location intelligence, and purchase intent data, reaching millions of shoppers daily and driving measurable, incremental sales.
The company's partnerships with high-profile advertisers, publishers, and retailers such as Clorox, Procter & Gamble, Unilever, CVS, Dollar General, Ahold Delhaize USA, Amazon, and Microsoft, highlight its significant market influence. Quotient is headquartered in Salt Lake City, Utah, with additional offices in the United States, Bangalore, Paris, London, and Tel Aviv, marking its global presence.
Quotient Technology's Recent Developments:
- JERSEY CITY, N.J., Sept. 5, 2023 - Neptune Retail Solutions completed the acquisition of Quotient Technology Inc., integrating their technology, systems, products, and infrastructure.
- SALT LAKE CITY - Quotient continues to drive innovation in digital promotions, leveraging its extensive network to deliver significant savings to consumers and measurable sales to partners.
Quotient (NYSE: QUOT), a leading digital media and promotions technology company, will participate in the 13th Annual Craig-Hallum Alpha Select Conference on November 17. CEO Matt Krepsik and CFO Yuneeb Khan will hold one-on-one and small group meetings with investors. Interested participants can register by contacting sharon.novak@craig-hallum.com. Quotient leverages exclusive data to connect advertisers and retailers with consumers, enhancing sales opportunities across various channels.
Quotient Technology reported a 2% sequential revenue growth for Q3 2022, totaling $70.3 million. Promotions revenue grew by 5%, outperforming the market. Despite a GAAP net loss of $7.2 million, this marks a significant improvement from the previous quarter's loss of $43.4 million. The company achieved an Adjusted EBITDA of $10 million, driven by a focus on high-margin technology solutions. Newly secured non-dilutive financing totaling $105 million will help retire convertible debt. Quotient's outlook for Q4 projects revenue between $76 million and $91 million.
Quotient Technology Inc. (NYSE: QUOT) has secured two significant financing commitments: a $50 million senior secured asset-based revolving credit facility from PNC Bank and a $55 million senior secured term loan facility from Blue Torch Capital. This new capital structure aims to retire maturing convertible note obligations and fund capital expenditures to bolster business growth. CEO Matt Krepsik emphasized that this non-dilutive debt financing enhances Quotient's capital structure and positions the company favorably for industry demands.
NCR Corporation (NYSE: NCR) has appointed Joseph "Joe" Reece to its Board of Directors as of November 4, 2022. A veteran with over 35 years of experience in finance and corporate strategy, Reece is co-founder of SilverBox Capital LLC and has held senior roles at UBS Securities and Credit Suisse. NCR's CEO, Michael D. Hayford, expressed optimism about Reece’s expertise during a critical transition period for NCR. Reece emphasized his intent to enhance shareholder value through strategic guidance.
Quotient (NYSE: QUOT) is set to release its financial results for Q2 2022, ending September 30, 2022, on November 8, 2022, after market closure. A conference call will follow at 5:00 p.m. EDT to discuss the results. Quotient is a leader in digital media and promotions, leveraging exclusive consumer spending data to drive sales for partners like Clorox and Procter & Gamble. Investors can access the earnings materials on Quotient's Investor Relations website.
Quotient (NYSE: QUOT) has launched the Shopmium app in the U.S., a leading grocery savings platform originating from Europe, designed to offer consumers cashback and brand discovery while shopping. The app allows users to photograph receipts for instant cashback through PayPal, with no payout thresholds. Amid inflation, it provides shoppers greater savings control. Brands benefit from consumer insights and increased product trials. Quotient emphasizes that Shopmium will enhance consumer-brand relationships and drive sales in the competitive U.S. market.
Quotient (NYSE: QUOT) has expanded its omnichannel measurement capabilities by integrating promotions, allowing marketers to evaluate the impact of media campaigns effectively. This new feature enables brands to access a comprehensive view of campaign performance and consumer shopping journeys across multiple touchpoints. Quotient's solution offers a deduplicated view of attributable dollars, enhancing planning and budgeting for future campaigns. The addition follows the recent launch of transparent, on-demand reporting for clients, further strengthening Quotient's position in the advertising landscape.
Quotient (NYSE: QUOT) has enhanced its digital out-of-home (DOOH) advertising capabilities within the Quotient Analytics Platform. Advertisers can now access near real-time insights about sales attribution and return on ad spend, which supports the growing trend of DOOH adoption. According to GroupM, OOH ad spending is projected to increase by 12% this year. Quotient's platform allows for granular insights based on various metrics, providing ad buyers with a tool for optimizing their campaigns. This enhancement signifies a key move in linking advertising metrics to real business outcomes.
Quotient Technology reported second quarter 2022 revenue of $69.3 million, a 44% decrease from the previous year. Promotions revenue fell 28% to $42.6 million, while Media revenue plummeted 59% to $26.6 million. Gross profit was $32.0 million, down from $41.7 million, though gross margin improved to 46.2%. The company experienced a net loss of $43.4 million and an adjusted EBITDA loss of $1.3 million. For Q3 2022, it forecasts revenue between $70 million and $80 million.
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