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Quotient Technology Inc. (QUOT) SEC Filing 10-Q Quarterly report for the period ending Tuesday, March 31, 2020

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Quotient Technology Inc.

CIK: 1115128 Ticker: QUOT
Exhibit 99.1

Quotient Technology Inc. Reports First Quarter 2020 Financial Results

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--May 5, 2020--Quotient Technology Inc. (NYSE: QUOT), the leading digital promotions, media and analytics company for CPG and retail marketing, today reported financial results for the first quarter ended March 31, 2020.

  • Last two weeks of the quarter impacted by COVID-19
  • Revenue was $98.8M
  • GAAP net loss was $16.7M
  • Adjusted EBITDA was $5.1M, above guidance

Q1 2020 Summary

  • During March quick and dramatic shifts in consumer shopping behaviors took effect as shoppers stocked pantries, cooked more in home, opted for eCommerce grocery delivery, and prepared for shelter-in-place mandates. These unexpected behaviors created short-term challenges for consumer packaged goods manufacturers (“CPGs”) and retailers, bringing emptied store shelves and stressed supply chains. As a result, in mid-March many marketing campaigns were paused or delayed in order to align inventory levels to new shopper demands.
  • COVID-19 impacts Q1 2020 revenue. January and February delivered revenue as expected. Impacts from the effects of COVID-19 started in mid-March as brands and retailers paused or delayed marketing campaigns, primarily in media. We expect to see continued impact from the effects of COVID-19 in the second quarter, as brands and retailers adjust marketing schedules and campaigns in light of the current environment. We are now seeing many brands rebook campaigns for the end of Q2 and beginning of Q3 2020.
  • Adjusted EBITDA was $5.1 million, above the top end of our range. Q1 Adjusted EBITDA benefited from a higher proportion of promotions revenue coupled with a focus on cost controls within the quarter that lowered total operating expenses.

“We are grateful to be able to serve our CPGs, retail partners and shoppers during this difficult time. Grocery and household products are an essential component of any household, and Quotient is putting savings in the hands of shoppers when they need it most,” said Steven Boal, CEO. “Brands and retailers continue to re-align marketing campaigns, adjusting for changing shopper behaviors, growth in eCommerce and short-term supply chain challenges. However, we believe these events will accelerate the shift to digital. Consumers have choices when it comes to which brands they purchase and where they shop, making promotions and advertising a priority to maintain and grow market share.”


The following information was filed by Quotient Technology Inc. (QUOT) on Tuesday, May 5, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Quotient Technology Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2020 10-K Annual Report includes:

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Inside Quotient Technology Inc.'s 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets (Unaudited)
Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical)
Condensed Consolidated Statements Of Cash Flows (Unaudited)
Condensed Consolidated Statements Of Comprehensive Loss (Unaudited)
Condensed Consolidated Statements Of Operations (Unaudited)
Condensed Consolidated Statements Of Stockholders' Equity (Unaudited)
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Acquisitions (Tables)
Acquisitions - Additional Information (Details)
Acquisitions - Component Of Identifiable Intangible Assets (Details)
Acquisitions - Summary Of Preliminary Acquisition Consideration And The Related Fair Values Of Assets Acquired And Liabilities Assumed (Details)
Allowance For Credit Losses
Allowance For Credit Losses (Tables)
Allowance For Credit Losses - Summary Of Activity In Allowance For Credit Losses (Details)
Balance Sheet Components
Balance Sheet Components (Tables)
Balance Sheet Components - Accrued Compensation And Benefits (Details)
Balance Sheet Components - Additional Information (Details)
Balance Sheet Components - Other Current Liabilities (Details)
Balance Sheet Components - Property And Equipment, Net (Details)
Commitments And Contingencies
Commitments And Contingencies - Additional Information (Details)
Common Stock Repurchase Programs
Common Stock Repurchase Programs - Additional Information (Details)
Debt Obligations
Debt Obligations (Tables)
Debt Obligations - Additional Information (Details)
Debt Obligations - Schedule Of Interest Expense (Details)
Debt Obligations - Schedule Of Net Carrying Amount Of Liability Component (Details)
Description Of Business
Employee Benefit Plan
Employee Benefit Plan - Additional Information (Details)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Additional Information (Details)
Fair Value Measurements - Financial Assets And Liabilities Measured At Fair Value On Recurring Basis (Details)
Fair Value Measurements - Summary Of Changes In Contingent Consideration (Details)
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Intangible Assets - Summary Of Gross Carrying Amount And Accumulated Amortization For Intangible Assets Intangible Assets (Details)
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Leases - Additional Information (Details)
Leases - Maturities Of Operating Lease Liabilities (Details)
Leases - Supplemental Balance Sheet Information Related To Operating Leases (Details)
Leases - Supplemental Cash Flow Information Related To Operating Leases (Details)
Net Loss Per Share
Net Loss Per Share (Tables)
Net Loss Per Share - Schedule Of Computation Of Basic And Diluted Net Loss Per Share (Details)
Net Loss Per Share - Schedule Of Outstanding Common Equivalent Shares Excluded From Computation Of Diluted Net Loss Per Share (Details)
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Stock-Based Compensation - Additional Information (Details)
Stock-Based Compensation - Schedule Of Stock Based Compensation Expense (Details)
Stock-Based Compensation - Summary Of Assumptions Used To Estimate The Fair Value Of Stock Options And Employee Stock Purchase Plan (Details)
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Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - Additional Information (Details)
Summary Of Significant Accounting Policies - Summary Of Revenues Disaggregated By Type Of Services (Details)

Material Contracts, Statements, Certifications & more

Quotient Technology Inc. provided additional information to their SEC Filing as exhibits

Ticker: QUOT
CIK: 1115128
Form Type: 10-Q Quarterly Report
Accession Number: 0001564590-20-021374
Submitted to the SEC: Tue May 05 2020 6:02:14 PM EST
Accepted by the SEC: Wed May 06 2020
Period: Tuesday, March 31, 2020
Industry: Advertising

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