Quotient Technology Inc. - QUOT STOCK NEWS

Quotient (NYSE: QUOT) partners with Place Exchange to launch the largest digital in-store audio messaging network in the U.S., reaching over 100 million shoppers weekly across 16,000 stores including major grocery and pharmacy chains. This integration allows clients to effectively target consumers at the point of purchase, enhancing advertising effectiveness with real-time digital audio messages. Quotient aims to optimize its omnichannel offering by leveraging exclusive consumer data, aiming to drive measurable sales uplift for brands.

Quotient (NYSE: QUOT) announced a tax benefits preservation plan aimed at safeguarding its net operating loss carryforwards (NOLs) of approximately $285 million to $290 million. The plan, requiring stockholder approval by November 11, 2022, will issue preferred share purchase rights to stockholders to limit ownership changes that could restrict the use of these tax assets. This move is intended to maintain the potential for significant federal tax reductions and is similar to strategies employed by other companies with substantial NOLs.

Quotient (NYSE: QUOT) reported a Q3 2021 revenue of $135.9M, a 12% increase year-over-year, despite a GAAP net loss of $7.8M. The company achieved Adjusted EBITDA of $17.3M with a 13% margin. Quotient is renewing its partnership with Dollar General while winding down with Albertsons, implementing cost-cutting measures to enhance profitability. For Q4 2021, expected revenue is between $114M-$124M, reflecting a $20M reduction due to changes in accounting. The company anticipates improving long-term profitability through these strategic shifts.

Quotient (NYSE: QUOT) will report its financial results for Q3 2021 on November 3, 2021, after market close. Following this, a conference call is scheduled for 5:00 p.m. EDT where management will discuss the results. Investors can access the call via registration and will find a replay available post-event on Quotient's Investor Relations website. Quotient is a prominent digital media and promotions technology company, providing services to major brands and retailers, leveraging consumer spending and location intelligence data.

Quotient (NYSE: QUOT) will participate in the Path to Purchase Institute’s Retail Media In Action event alongside Hy-Vee and Mondelēz International. The sessions on October 12 will focus on innovations in retail media and omnichannel marketing, showcasing how these companies leverage technology to enhance shopper engagement. Key speakers will include executives from Quotient, Hy-Vee, and Mondelēz, who will share insights on bridging physical and digital shopping experiences and the importance of measurement in marketing strategies.

Quotient (NYSE: QUOT) announced a partnership with Figg to offer digital, product-level promotions to over 100 million cardholders. This initiative allows grocery offers from Quotient’s 2,000+ brand partners, including Clorox and Unilever, to be accessed seamlessly via enrolled cards.

Quotient's platform enhances promotional reach for consumer packaged goods (CPG) brands and retailers, integrating offers with Figg’s existing portfolio while ensuring personalized savings for consumers through digital rebates.

Quotient (NYSE: QUOT), a leading digital media and promotions technology company, announced that CEO Steven Boal will speak on Quotient and digital advertising during an investor call hosted by UBS Research Analysts on August 17, 2021, at 2:00 p.m. ET.

A webcast of the presentation will be accessible on the company's Investor Relations webpage. Quotient specializes in using exclusive consumer data and insights to enhance advertising effectiveness and sales for prestigious clients like Procter & Gamble and Clorox.

Quotient (NYSE: QUOT) reported strong Q2 2021 financial results, showcasing revenue between $126 million and $133 million for Q3 and total 2021 revenue projected at $505 million to $522 million. Notably, a new accounting change will reduce revenue estimates by $5-$6 million per quarter. The company appointed Alison Hawkins to its Board while Michelle McKenna stepped down. Quotient continues to innovate in digital promotions, enhancing brand performance beyond traditional marketing methods. Adjusted EBITDA guidance is set between $50 million and $65 million for the full year.