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Quisitive Solutions (QUIS) investor relations material
Quisitive Solutions Q3 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved sequential financial improvement in Q3 2024, with revenue and EBITDA increasing compared to Q2 2024, and an expanding AI-driven customer engagement pipeline.
Gross margins in the cloud business remained healthy above 40%, stable year-over-year and slightly improved sequentially.
Recurring revenues held steady in the 40% range, reflecting strong customer retention and engagement.
90% of revenue is derived from customers with over one year of engagement.
Recognized as Microsoft Analytics Partner of the Year, with strategic alignment and partnership with Microsoft.
Financial highlights
Q3 2024 revenue from continuing operations was $30.7 million, up from $29.6 million in Q2 2024 and nearly flat year-over-year from $30.68 million in Q3 2023.
Gross margin was $13.2 million (42.9% of revenue), unchanged year-over-year but up from $12.5 million sequentially.
Adjusted EBITDA was $4.2 million, up from $3.9 million in Q2 2024 but down from $4.9 million in Q3 2023.
Loss from continuing operations was $397,000 in Q3 2024, compared to a loss of $1.38 million in Q3 2023.
Cash on hand at quarter-end was $9.7 million; term loans stood at $32.3 million.
Outlook and guidance
Fiscal year 2024 revenue guidance: $119–$121 million.
Fiscal year 2024 pro forma adjusted EBITDA guidance: $15–$16 million.
Q4 expected to be seasonally lower due to fewer billable days and reduced customer availability.
Anticipate AI team expansion to begin impacting revenue in Q2 2025 and beyond.
Early 2025 expected to be a key momentum-building phase for growth.
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