Q2 Holdings Inc (N:QTWO)

Sector:  Technology Industry:  Software
See Regulatory Filings on SEC
Company Contact
Address: 13785 N Highway 183 Ste 150
AUSTIN TX 78750-1889
Tel: 1-512-6824463
Website: investors.q2ebanking.com
IR: See website
Key People
Robert H. Seale
Executive Chairman of the Board, Founder
Jonathan A. Price
Senior Vice President, Emerging Businesses, Corporate and Business Development
Matthew P. Flake
President, Chief Executive Officer, Director
Jennifer N. Harris
Chief Financial Officer
Adam D. Blue
Executive Vice President, Chief Technology Officer
Kim A. Rutledge
Executive Vice President of Human Resources
John E. Breeden
Executive Vice President - Operations
Barry G. Benton
Senior Vice President, General Counsel, Secretary
Anthony Hall
Senior Vice President, Product and Engineering
Bharath Oruganti
Senior Vice President, Service Delivery
Business Overview
Q2 Holdings, Inc. is a provider of cloud-based digital banking solutions. The Company enables regional and community financial institutions (RCFIs), to deliver a suite of integrated digital banking services. The Company's solutions all operate on a common platform that supports the delivery of unified digital banking services across online, mobile and voice channels. Its platform provides a single point of management enabling RCFIs to deliver targeted experiences, including tailored rights, features and branding to account holders. Its cloud-based solutions and common platform provide its RCFI customers with a view of account holder access and activity across devices and channels. Its solutions include Q2online, Q2 Risk & Fraud Analytics, Q2 Corporate, Q2 SMART, Q2mobility Application, Q2mobile Remote Deposit Capture, Q2text, Q2themes, Q2clarity, Centrix Dispute Tracking System (DTS), Centrix Payments I.Q. System (PIQS), and Centrix Exact/Transaction Management System (Exact/TMS).
Financial Overview
For the three months ended 31 March 2020, Q2 Holdings Inc revenues increased 30% to $92.4M. Net loss increased 77% to $34.1M. Revenues reflect Subscription segment increase of 32% to $66.2M, Services and Other segment increase of 38% to $13.3M. Higher net loss reflects Research and development - bal increase of 35% to $21.2M (expense), General and administrative - bal increase of 40% to $14.5M (expense).
Employees: 1,574 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $4,713M as of Mar 31, 2020
Annual revenue (TTM): $336.57M as of Mar 31, 2020
EBITDA (TTM): -$29.39M as of Mar 31, 2020
Net annual income (TTM): -$85.67M as of Mar 31, 2020
Free cash flow (TTM): -$18.06M as of Mar 31, 2020
Net Debt Last Fiscal Year: $317.44M as of Mar 31, 2020
Shares outstanding: 53,198,363 as of May 12, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization