Quotient Technology Inc. Reports Third Quarter 2018 Financial Results
Summary
MOUNTAIN VIEW, Calif.--( BUSINESS WIRE )--Quotient Technology Inc. (NYSE: QUOT), the leading data-driven digital promotions and media company, today reported financial results for the third quarter ended September 30, 2018.“Our business is accelerating, driven by strong growth from our Retailer iQ and Media solutions, coupled with a verified buyer audience base of over 100 million, built from the largest source of online and offline grocery shopper data,” said Mir Aamir, President and CEO of Quotient.Accordingly, Quotient believes that Adjusted EBITDA provides useful information to investors and others in understanding and evaluating Quotient’s operating results in the same manner as Quotient’s management and Board of Directors.Although depreciation and amortization are non-cash expenses, the assets being depreciated and amortized may have to be replaced in the future, and Adjusted EBITDA does not reflect capital expenditure requirements for such replacements or for new capital expenditure requirements; and Adjusted EBITDA does not reflect: (i) changes in, or cash requirements for, working capital needs; (ii) interest and tax payments that may represent a reduction in cash available to Quotient; (iii) the effects of stock-based compensation, amortization of acquired intangible assets, interest expense, other income (expense) net, provision for (benefit from) income taxes, change in fair value of escrowed shares and contingent consideration, net, charges related to ERP software implementation costs, certain acquisition related costs, and restructuring charges; and (iv) other companies, including companies in its industry, may calculate Adjusted EBITDA or similarly titled measures differently, which reduces its usefulness as a comparative measure.2018201720182017 Cost of revenues $ 571 $ 521 $ 1,690 $ 1,457 Sales and marketing 1,689 1,832 5,024 4,858 Research and development 1,908 1,894 5,597 5,890 General and administrative 4,252 4,233 12,144 12,097 Total stock-based compensation $ 8,420 $ 8,480 $ 24,455 $ 24,302 QUOTIENT TECHNOLOGY INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited, in thousands)Nine Months EndedSeptember 30,