Q2 Holdings Inc

Latest Results (24.12.2024):

Revenue Growth

Q2 Holdings Inc. reported a revenue of $172.9 million for the second quarter of 2024, marking a 12 percent increase year-over-year and a 4 percent rise from the first quarter of 2024. This growth reflects the company's strong sales execution and demand for its digital transformation solutions.

Improved Gross Margin

The GAAP gross margin for Q2 Holdings Inc. in the second quarter of 2024 was 50.2 percent, an improvement from 47.8 percent in the same quarter of the previous year and 49.7 percent in the first quarter of 2024. This increase indicates enhanced operational efficiency and cost management.

Net Loss Reduction

Q2 Holdings Inc. reported a GAAP net loss of $13.1 million for the second quarter of 2024, a significant reduction from the $23.6 million net loss in the prior-year quarter and a slight improvement from the $13.8 million net loss in the first quarter of 2024. This reduction highlights the company's progress towards profitability.

Adjusted EBITDA Growth

For the second quarter of 2024, Q2 Holdings Inc. achieved an adjusted EBITDA of $29.9 million, up from $17.6 million in the prior-year quarter and $25.2 million in the first quarter of 2024. This growth underscores the company's focus on operational improvements and financial performance.

Positive Financial Outlook

Q2 Holdings Inc. has raised its full-year 2024 outlook, projecting total non-GAAP revenue between $688.5 million and $692.5 million, representing a 10 to 11 percent year-over-year growth. The company also anticipates adjusted EBITDA to range from $116.5 million to $119.5 million, reflecting its confidence in continued financial success.