Quotient Technology Inc. - QUOT STOCK NEWS

Nominations for the inaugural DOOH-E Awards are now open, recognizing excellence in digital out-of-home (DOOH) media. The awards, powered by Quotient, highlight campaigns that showcase innovative ad-tech and creative strategies. Categories include Best Purpose Driven Campaign, Most Creative Campaign, and Best Use of Programmatic Tech Innovation. Submissions are due by June 30, 2022, with public voting starting on July 15, 2022. Winners will be announced at the DPAA Global Summit on October 11, 2022, in New York City.

Quotient (NYSE: QUOT) is set to co-host the 2nd Digital Out-of-Home (DOOH) CPG Event on June 9 at 1 pm ET. The event, in collaboration with DPAA, aims to highlight the increasing significance of DOOH in consumer packaged goods marketing. Attendees can expect presentations from industry leaders, discussions on engaging CPG consumers, and innovations in DOOH for improved marketing outcomes. Registration is open, reflecting high demand from previous events.

Quotient Technology Inc. (NYSE: QUOT) has appointed Kimberly Anstett to its Board of Directors effective June 4, 2022. Anstett replaces Steve Horowitz, who stepped down for personal health reasons. Anstett brings over 25 years of technology leadership experience, previously serving as CTO at Iron Mountain. The company also announced Matt Krepsik as the new CEO, succeeding Steven Boal, who will remain with the company until the 2022 Annual Meeting.

Quotient Technology Inc. (NYSE: QUOT) announced the appointment of Matthew O’Grady and Joseph Reece to its Board of Directors as part of a cooperation agreement with Engaged Capital. O’Grady will serve as Lead Independent Director. The Board seeks shareholder approval for declassifying its structure at the upcoming 2022 Annual Meeting, expected on June 29, 2022. The new board slate will include O’Grady, Matthew Krepsik, and Robert McDonald. Krepsik is set to become CEO following Steven Boal's retirement. The agreement aims to enhance shareholder value through effective governance and management collaboration.

Quotient (NYSE: QUOT) has announced a strategic technology partnership with Rapport, a global out-of-home media buying agency. This collaboration aims to enhance Rapport's digital out-of-home (DOOH) services through Quotient’s advanced programmatic capabilities. Key features include real-time data integration, dynamic message targeting, and extensive inventory access. The partnership is expected to drive significant programmatic growth and deliver more relevant consumer messages, utilizing Mediabrands' proprietary audience data.

Quotient (NYSE: QUOT), a leader in digital media and promotions technology, announces key presentations at upcoming conferences. CEO Designee Matt Krepsik and President Scott Raskin will present at Needham’s 17th Annual Technology & Media Conference on May 17, 2022, at 8 AM ET. Additionally, Krepsik will present at BMO’s Global Farm to Market Conference on May 18, 2022, at 3:30 PM ET. Investors can access the webcasts on Quotient's Investor Relations site. The company partners with major advertisers and retailers to drive measurable sales through its advanced omnichannel platform.

Quotient Technology reported Q1 2022 revenue of $78.5 million with a GAAP net loss of $26.3 million and an adjusted EBITDA of ($7.1 million). The company is shifting its business model towards scalable solutions after fully exiting its partnership with Albertsons. This transition is expected to result in a revenue reduction of approximately $13 million. For Q2 2022, Quotient forecasts revenue between $68 million to $76 million and adjusted EBITDA of ($2 million) to $2 million. Full-year revenue guidance is set at $330 million to $345 million.

Quotient (NYSE: QUOT) announced a successful integrated promotion campaign for Eucerin, driven by strategic digital methods. The campaign leveraged insights about shifting brand loyalty and inflation impacts, achieving remarkable results: the same product volume sold in half the time (7 days vs. 16) compared to last year, with a $1.95 return on promotion spend. Notably, 77% of consumers tried Eucerin, with 83% showing increased shopping behavior. This initiative illustrates Quotient's capability to enhance consumer value in a changing marketplace.

Quotient Technology Inc. (NYSE: QUOT) has appointed Yuneeb Khan as Chief Financial Officer, Principal Accounting Officer, and Treasurer, effective July 2022. Mr. Khan brings over 25 years of financial and industry expertise, having held executive roles at NielsenIQ, where he contributed to substantial growth and operational successes. His leadership is expected to enhance Quotient's financial operations and strategic direction as the company seeks to leverage opportunities in the digital landscape. Interim CFO John Kellerman will serve until Khan's arrival.