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
William M. Furrer
Chief Strategy Officer
Matthew P. Flake
President, Chief Executive Officer, Director
Jennifer N. Harris
Chief Financial Officer
Adam David Blue
Executive Vice President, Chief Technology Officer
John E. Breeden
Executive Vice President - Operations
Rekha Garapati
Executive Vice President, Products and Operations
Odus Edward Wittenburg
Executive Vice President, Customer Experience
Barry G. Benton
Senior Vice President, General Counsel, Secretary
Kim Rutledge
Senior Vice President of Human Resources
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 six months ended 30 June 2019, Q2 Holdings Inc revenues increased 31% to $148.9M. Net loss increased from $14.7M to $36.6M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Research and development - bal increase of 62% to $32.3M (expense), Sales and marketing - Balancing value increase of 38% to $28.3M (expense).
Employees: 1,190 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $3,180M as of Jun 30, 2019
Annual revenue (TTM): $276.66M as of Jun 30, 2019
EBITDA (TTM): -$22.29M as of Jun 30, 2019
Net annual income (TTM): -$57.36M as of Jun 30, 2019
Free cash flow (TTM): -$6.13M as of Jun 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 47,630,382 as of Jul 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization