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) has reaffirmed and narrowed its Q1 2022 financial results guidance. The revised revenue guidance is $73-$79 million, up from the original $69-$79 million. The non-GAAP gross margin guidance is adjusted to $30-$32 million, while adjusted EBITDA is forecasted at a loss of $8-$6 million. The company plans to release its full financial results on May 4, 2022, and will host a conference call at 5:00 PM EDT. These updates reflect management's confidence in reaching financial targets amid ongoing uncertainties.
Tango Card has appointed Sheila Bijoor as its first Chief Product Officer, bringing significant experience from Quotient Technology and Paypal to enhance product innovation in the digital rewards sector.
Her addition aligns with the company’s growth strategy as it expands into adjacent payment verticals. Tango Card's strong focus on product innovation has led to increased demand for its services, demonstrating its leadership in the rewards industry.
Quotient Technology Inc. (NYSE: QUOT) has announced a leadership transition as
Quotient (NYSE: QUOT) has launched an impression-based multi-touch media measurement platform, designed for comprehensive advertising performance tracking. Following a successful early adopter program in July 2021, the platform offers enhanced transparency and daily data refresh for analyzing on-site and off-site digital media channels. This innovation aims to deliver measurable sales outcomes for clients, enabling them to connect across multiple consumer touchpoints. Quotient partners with major brands, enhancing their advertising strategies through data-driven insights.
Quotient Technology reported its Q4 2021 results with revenue of $146.4M and a GAAP net loss of $7.1M. For the full year, revenue reached $521.5M, with a GAAP net loss of $45.6M. Despite challenges, the company expressed confidence in its transformation and expects improved adjusted EBITDA in Q2 2022. A significant shift from gross to net revenue recognition is anticipated, with a $20M revenue impact forecasted. Guidance for Q1 2022 includes revenue of $69M-$79M and adjusted EBITDA of (8M) to (4M).
Quotient (NYSE: QUOT), a leader in digital media and promotions technology, will announce its financial results for Q4 and the full year ending December 31, 2021, on February 9, 2022, after market close. A press release and Stockholder Letter will be available on the Investor Relations page. Following the announcement, management will conduct a conference call at 5:00 p.m. EDT. Quotient's platform leverages consumer spending data to drive measurable sales for major advertisers and retailers, including Procter & Gamble and Unilever.
Quotient has released its 2022 Promotions Report, analyzing data from over 100,000 promotions across more than 800 brands and 128 product categories. The report identifies five key variables impacting promotion performance: Category, Scale, Offer Value, Effective Discount, and Required Purchase Quantity. Findings reveal that promotions requiring a purchase of three or more items lead to higher redemption rates, particularly for non-perishable goods. Additionally, larger campaigns tend to achieve more consistent results and attract higher activations across specific categories.
Quotient (NYSE: QUOT) has partnered with Redbox (NASDAQ: RDBX) to expand its media network.
Advertisers can access around 40,000 Redbox kiosks and over 2,000 large display screens. This collaboration leverages Quotient's digital-out-of-home (DOOH) platform, enhancing advertising opportunities with an estimated 400 million retail impressions weekly. Advertisers can retarget audiences across various digital platforms, aiming to connect with consumers during high purchase intent moments.
Amify, a turnkey Amazon-as-a-service provider, has announced significant enhancements to its leadership team with the hiring of three executives: Christine McCambridge as senior vice president of delivery, Drew Hall as vice president of sales, and Steve Peele II as vice president of marketing. These appointments aim to bolster Amify's growth and improve customer service experiences. McCambridge brings extensive e-commerce experience, Hall has a successful sales background, and Peele has a record of driving marketing initiatives for tech companies. This strategic growth follows a substantial venture capital investment.
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