QuinStreet, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2017. For the quarter, net revenue was $87,494,000 against $65,610,000 a year ago. Operating income was $1,672,000 against loss of $7,726,000 a year ago. Income before taxes was $1,951,000 against loss of $7,850,000 a year ago. Net income was $1,947,000 against loss of $7,850,000 a year ago. Net income per share – basic and diluted was $0.04 against loss of $0.17 a year ago. Net cash provided by operating activities was $7,295,000 against $883,000 a year ago. Capital expenditures were $75,000 against $203,000 a year ago. Internal software development costs were $518,000 against $487,000 a year ago. Adjusted net income was $3,681,000 against loss of $1,656,000 a year ago. Adjusted diluted net income per share was $0.07 against loss of $0.04 a year ago. Adjusted EBITDA was $6,569,000 against loss of $273,000 a year ago.

For six months, net revenue was $174,912,000 against $139,048,000 a year ago. Operating income was $3,029,000 against loss of $12,671,000 a year ago. Income before taxes was $3,388,000 against loss of $12,795,000 a year ago. Net income was $3,392,000 against loss of $11,419,000 a year ago. Net income per share – basic and diluted was $0.07 against loss of $0.25 a year ago. Net cash provided by operating activities was $9,619,000 against $2,090,000 a year ago. Capital expenditures were $199,000 against $604,000 a year ago. Internal software development costs were $1,061,000 against $1,182,000 a year ago. Adjusted net income was $7,229,000 against loss of $670,000 a year ago. Adjusted diluted net income per share was $0.15 against loss of $0.01 a year ago. Adjusted EBITDA was $13,152,000 against $762,000 a year ago.

The company is raising revenue growth outlook for the full fiscal year to approximately 20%, with adjusted EBITDA margin of about 8%.