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QUOT Quotient Technology

Quotient Technology is a leading digital promotions, media and analytics company that delivers personalized digital coupons and ads - informed by proprietary shopper and online engagement data - to millions of shoppers daily. The company uses its proprietary Promotions, Media, Audience and Analytics Cloud Platforms and services to seamlessly target audiences, optimize performance, and deliver measurable, incremental sales for CPG and retail marketers. The company serves hundreds of CPGs and retailers nationwide, including Clorox, Procter & Gamble, General Mills, Unilever, Albertsons Companies, CVS, Dollar General and Ahold-Delhaize USA. Quotient is based in Mountain View, California, and has offices in Bangalore, India, Cincinnati, New York, Paris and London.

Company profile

Ticker
QUOT
Exchange
CEO
Steven R. Boal
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
COUPONS INC, COUPONS.com Inc
SEC CIK
Subsidiaries
Crisp Media, Inc. • Elevaate Limited • MLW Squared, Inc. • Quotient Technology • Quotient Technology Limited • Savingstar, Inc. • Shopmium S.A. • Ubimo, Inc. • Ubimo Limited ...

QUOT stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

5 Aug 21
18 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 238.3M 238.3M 238.3M 238.3M 238.3M 238.3M
Cash burn (monthly) 929K (positive/no burn) 5.66M 4.93M (positive/no burn) (positive/no burn)
Cash used (since last report) 3.37M n/a 20.52M 17.87M n/a n/a
Cash remaining 234.93M n/a 217.78M 220.43M n/a n/a
Runway (months of cash) 252.9 n/a 38.5 44.7 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Sep 21 Steven R. Boal Common Stock Payment of exercise Dispose F No No 6.99 5,510 38.51K 3,586,912
1 Sep 21 Steven R. Boal Common Stock Payment of exercise Dispose F No No 6.99 6,925 48.41K 3,592,422
1 Sep 21 Steven R. Boal Common Stock Payment of exercise Dispose F No No 6.99 4,667 32.62K 3,599,347
1 Sep 21 Steven R. Boal Common Stock Payment of exercise Dispose F No No 6.99 5,919 41.37K 3,604,014
1 Sep 21 Connie L Chen Common Stock Payment of exercise Dispose F No No 6.99 1,153 8.06K 301,950
1 Sep 21 Connie L Chen Common Stock Payment of exercise Dispose F No No 6.99 1,449 10.13K 303,103
1 Sep 21 Connie L Chen Common Stock Payment of exercise Dispose F No No 6.99 923 6.45K 304,552
1 Sep 21 Connie L Chen Common Stock Payment of exercise Dispose F No No 6.99 865 6.05K 305,475
1 Sep 21 Scott David Raskin Common Stock Payment of exercise Dispose F No No 6.99 2,757 19.27K 680,311
1 Sep 21 Scott David Raskin Common Stock Payment of exercise Dispose F No No 6.99 5,288 36.96K 683,068

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

86.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 152 140 +8.6%
Opened positions 39 37 +5.4%
Closed positions 27 15 +80.0%
Increased positions 52 46 +13.0%
Reduced positions 45 41 +9.8%
13F shares
Current Prev Q Change
Total value 876.19M 1.59B -45.0%
Total shares 81.04M 74.26M +9.1%
Total puts 488.4K 125.7K +288.5%
Total calls 116.6K 143.1K -18.5%
Total put/call ratio 4.2 0.9 +376.8%
Largest owners
Shares Value Change
Trigran Investments 7.73M $83.51M +32.0%
Vanguard 7.15M $77.28M +2.3%
Miller Value Partners 5.71M $61.72M -9.9%
BLK Blackrock 5.7M $61.66M -14.4%
Grassi Investment Management 5.31M $57.36M 0.0%
Davis Selected Advisers 3.82M $41.34M +1.4%
Ophir Asset Management Pty 3.75M $40.57M +78.5%
ProShare Advisors 3.14M $33.99M +154.3%
STT State Street 3.12M $33.7M +41.3%
Cowen Prime Services 2.93M $31.63M +1.0%
Largest transactions
Shares Bought/sold Change
Cowen Prime Advisors 2.93M +2.93M NEW
ProShare Advisors 3.14M +1.91M +154.3%
Trigran Investments 7.73M +1.87M +32.0%
Ophir Asset Management Pty 3.75M +1.65M +78.5%
BLK Blackrock 5.7M -962.69K -14.4%
STT State Street 3.12M +911.93K +41.3%
Fuller & Thaler Asset Management 0 -821.05K EXIT
Lynrock Lake 1.17M +734.21K +169.3%
Cardinal Capital Management 626.41K +626.41K NEW
Miller Value Partners 5.71M -624.05K -9.9%

Financial report summary

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Competition
MicrosoftAdobeFacebookOracleGrouponPinterestNewsCriteo S.APayPalAlphabet
Risks
  • We have incurred net losses since inception and we may not be able to generate sufficient revenues to achieve or subsequently maintain profitability.
  • We may not achieve revenue growth.
  • Our revenue and business will be negatively affected if we fail to retain and expand our relationships with retailers and obtain retailer commitment and support for our platforms.
  • The loss, or decrease in spending by any significant customer or support from any significant partner, could materially and adversely affect our revenues, results of operations and financial condition.
  • If the distribution, revenue sharing or other fees that we pay increase or we are unable to meet contractual minimums under guaranteed distribution fee arrangements, our gross profit and business will be negatively affected.
  • Our gross margins are dependent on many factors, some of which are not directly controlled by us.
  • We expect a number of factors to cause our operating results to fluctuate on a quarterly and annual basis, which may make it difficult to predict our future performance.
  • If we are unable to successfully respond to changes in the digital promotions market, our business could be negatively affected.
  • If we fail to maintain and expand the use by consumers of digital promotions on our platform, our revenues and business will be negatively affected.
  • Competition presents an ongoing threat to the success of our business.
  • We depend in part on advertising agencies as intermediaries, and if we fail to develop and maintain these relationships, our business may be negatively affected.
  • Our failure to attract, integrate and retain other highly qualified personnel in the future, could harm our business.
  • The effects of health epidemics, including the COVID-19 pandemic, have had, and may continue to have, an adverse impact on our business, operations and the markets and communities in which we and our partners operate.
  • Acquisitions, joint ventures and strategic investments could result in operating difficulties, dilution and other harmful consequences.
  • If we fail to effectively manage our growth, our business and financial performance may suffer.
  • If our websites or those of our publishers fail to rank prominently in unpaid search results from search engines, traffic to our websites could decline and our business would be adversely affected.
  • Factors adversely affecting performance marketing programs and our relationships with performance marketing networks and brand partners, or the termination of these relationships, may adversely affect our ability to attract and retain merchants and our coupon codes business.
  • Failure to deal effectively with fraudulent or other improper transactions could harm our business.
  • Indemnity provisions in various agreements potentially expose us to substantial liability for intellectual property infringement and other losses including unauthorized use or disclosure of consumer data.
  • Our business depends on strong brands, and if we are not able to maintain and enhance our brands, or if we receive unfavorable media coverage, our ability to retain and expand our number of advertisers, retailers and consumers will be impaired and our business and operating results will be negatively affected.
  • Our use of and reliance on international research and development resources and operations may expose us to unanticipated costs or events.
  • If we fail to expand effectively in international markets, our revenues and our business may be negatively affected.
  • Our business is subject to complex and evolving laws, regulations and industry standards, and unfavorable interpretations of, or changes in, or our actual and perceived failure to comply with these laws, regulations and industry standards could substantially harm our business and results of operations.
  • If our estimates or judgements relating to our critical accounting policies prove to be incorrect, our results of operations could be adversely affected.
  • Failure to comply with federal, state and foreign privacy, data protection, marketing and consumer protection laws, regulations and industry standards, or the expansion of current or the enactment or adoption of new privacy, data protection, marketing and consumer protection laws, regulations or industry standards, could adversely affect our business.
  • We may be required to record a significant charge to earnings if our goodwill or amortizable intangible assets become impaired.
  • Changes to financial accounting standards or the SEC’s rules and regulations may affect our financial statements and cause us to change our business practices.
  • If we fail to maintain an effective system of disclosure controls and internal control over financial reporting, our ability to produce timely and accurate financial statements or comply with applicable regulations could be impaired.
  • State and foreign laws regulating money transmission could impact our rebates solutions.
  • Our ability to use our net operating losses to offset future taxable income may be subject to certain limitations.
  • Changes in the U.S. and foreign tax law or challenges by taxing authorities of the jurisdictions in which we operate could increase our worldwide effective tax rate and have a negative effect on our financial position and results of operations.
  • If our security measures or information we collect and maintain are compromised or publicly exposed, advertisers, retailers and consumers may curtail or stop using our platforms and we could be subject to claims, penalties and fines.
  • Our ability to generate revenue and properly capture the occurrence of certain revenue-generating events depends on the collection, reliability, and use of significant amounts of data from various sources, which may be restricted by consumer choice, restrictions imposed by retailers, publishers and browsers or other software developers, changes in technology, and new developments in laws, regulations and industry requirements or standards.
  • If the use of mobile device identifiers, third-party cookies or other tracking technology is rejected by consumers, restricted by third parties outside of our control, or otherwise subject to unfavorable regulation, the benefits of our offerings and solutions could diminish, our data and media acquisition costs could increase and we could lose customers and revenue.
  • We allow our clients to utilize application programming interfaces ("APIs"), with our platform, which could result in outages or security breaches and negatively impact our business, financial condition and results of operations.
  • Our business relies in part on electronic messaging, including emails and SMS text messages, and any technical, legal or other restrictions on the sending of electronic messages or an inability to timely deliver such communications could harm our business.
  • Our business depends on our ability to maintain and scale the network infrastructure necessary to operate our platforms, including our websites and mobile applications, and any significant disruption in service could result in a loss of advertisers, retailers and consumers.
  • We are dependent on technology systems and electronic communications networks that are supplied and managed by third parties, which could result in our inability to prevent or respond to disruptions in our services.
  • We may not be able to adequately protect our intellectual property rights.
  • We may be accused of infringing intellectual property rights of third parties.
  • We may be unable to continue to use the domain names that we use in our business, or prevent third parties from acquiring and using domain names that infringe on, are similar to, or otherwise decrease the value of our brand or our trademarks or service marks.
  • Some of our solutions contain open source software, which may pose particular risks to our proprietary software and solutions.
  • The market price of our common stock has been, and is likely to continue to be, subject to wide fluctuations and could subject us to litigation.
  • Substantial future sales of shares by our stockholders could negatively affect our stock price.
  • The concentration of our common stock ownership with our executive officers, directors and owners of 5% or more of our outstanding common stock will limit our ability to influence corporate matters.
  • Our stock repurchase program could affect the price of our common stock and increase volatility and may be suspended or terminated at any time, which may result in a decrease in the trading price of our common stock.
  • If securities analysts do not publish research or if securities analysts or other third parties publish inaccurate or unfavorable research about us, the price of our common stock could decline.
  • We do not intend to pay dividends for the foreseeable future.
  • Provisions in our charter documents and under Delaware law could discourage a takeover that stockholders may consider favorable.
  • The conditional conversion feature of the notes, if triggered, may adversely affect our financial condition and operating results.
  • The accounting method for convertible debt securities that may be settled in cash, such as the notes, could have a material effect on our reported financial results.
  • Conversion of our notes will dilute the ownership interest of existing stockholders and may depress the price of our common stock.
  • Our business is subject to interruptions, delays or failures resulting from earthquakes, other natural catastrophic events or terrorism.
  • Our ability to raise capital in the future may be limited, and our failure to raise capital when needed could prevent us from growing.
Management Discussion
  • Quarterly revenues of $123.9 million in the second quarter of 2021 increased by $40.4 million or 48%, as compared to the same period in 2020. The year over year increase in our quarterly revenues was due to several factors including the negative impact of COVID-19 during the second quarter of 2020 and growth in 2021 primarily due to retailer programs driving more advertising spend on our platform in media revenue.
  • Our net loss of $17.2 million in the second quarter of 2021 decreased by $1.9 million, as compared to the net loss of $19.1 million in the same period in 2020. The year over year decrease in our quarterly net loss was primarily due an increase in revenues, as discussed previously, along with a decrease in the changes in fair value of contingent consideration, partially offset by the impairment charge related to a promotion service right. While we continue to make important investments in our technology and infrastructure, we remain focused on operational efficiencies and expense management.
  • We expect our operating expenses to increase in the future as we continue to invest in (i) research and development to enhance our platform and investments in newer product offerings; (ii) sales and marketing to acquire new advertiser customers and retailer partners and increase revenues from our existing customers and partners; and; (iii) corporate infrastructure.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
New words: afforded, al, alia, apt, Azure, book, breakout, brought, Circuit, Clara, Colorado, commented, compensatory, complaint, concept, constructive, correctly, cybersecurity, defrauded, distract, District, enrichment, erasure, extraterritorial, feasible, feet, Florida, GCP, hub, incentivize, inflationary, injunctive, inside, inter, interfered, interference, jointly, legacy, letter, liable, Middle, migrate, misleading, moderated, organizational, playbook, predatory, proceeding, profiling, punitive, ratably, recipient, reinstated, rentable, RMG, routine, Santa, SEG, shape, slightly, sought, Southeastern, supplementary, surveillance, transparency, turnover, undue, unjust, unlawful, unspecified
Removed: exited, final, flagship, flat, invalidate, lawful, lawfully, MyWebGrocer, Nevada, point, refusal, remained, rescinded, world

Patents

GRANT
Utility
System for bifurcated transaction for products at a brick-and-mortar store
28 Sep 21
According to an embodiment, one or more computing devices process a bifurcated transaction for items available at a store.
GRANT
Utility
Automatic redemption of digital offers with deferred payment
7 Sep 21
In an embodiment, a computer-implemented method comprises receiving, at a server computer, offer activation request data, the offer activation request data including a loyalty card number and an identification of a digital offer, the digital offer associated with a discount amount; querying, by the server computer, a digital data repository to seek a data record matching the loyalty card number; in response to determining that the data repository has a record matching the loyalty card number, electronically activating the digital offer associated with the identification of the digital offer and associating the activated digital offer with the loyalty card number in the digital data repository; receiving, at the server computer, contextual transaction data; determining, based on the contextual transaction data, that a consumer entity associated with the loyalty card number purchased a product associated with the activated digital offer; determining, by the server computer, that a post-sale product rebate is available for the consumer entity associated with the loyalty card number and in response thereto, generating, by the server computer, a digital payment file based on the discount amount associated with the activated digital offer; using the server computer, transmitting the digital payment file to a third-party payment system that causes a refund amount to be transmitted electronically to the consumer entity associated with the loyalty card.
GRANT
Utility
Check-out based distribution and redemption of digital promotions
31 Aug 21
Coupon information is provided electronically in association with receipts for transactions at physical stores and/or online stores.
GRANT
Utility
Determining a value for a coupon
31 Aug 21
Techniques are provided for determining, by a coupon distributor, a value for a coupon of a product or service that will be provided by a coupon provider.
APP
Utility
Automatic Recommendation of Offer Parameters to an Offer Provider Based on Historical Transaction Data
26 Aug 21
According to an embodiment, a computer-implemented method stores a set of historical transaction records pertaining to past consumer transactions, contextual transaction data, and offer activation and redemption tracking logs; receives a request to generate a new item offer; and uses a parameter optimizer to create suggested additional parameters.