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QuinStreet (QNST) (NASDAQ:QNST) is a online marketing company that helps create leads in the education and financial services space. The company accounts for revenue when it provides customer leads (clicks) to its clients. DeVry (DV), a for profit education company, is its largest client, accounting for 19% of net revenue. QuinStreet targets the information intensive industries, thus it provides a service to visitors to help them make an informed decision, find the right products, becoming a prospective customer for QuinStreet's clients. [1]

QuinStreet is also affected by the macroeconomic climate. The financial crisis affects not only financial service firms, but due to the fact these firms have to cut back on expenses, the financial crisis affects companies like QuinStreet, whom have financial service firms as a major client vertical. When there is a crisis, QuinStreet shifts its investments to sectors that are less affected, such as its top vertical education services. [1]

The company's initial public offering of stock was filed on 19 November 2009 and traded on the NASDAQ exchange on 10 February 2010. The proposed offer price range was $17-$19 and traded 17% below the proposed range at $15. The company offered 10 million shares and raised $150 million. [1]

In FY2009 ending in 30 June 2009, the company reported $260.5 million of net revenue, an increase of 35.7% from $192.0 million of net revenue in FY2008. Furthermore, the company had $17.3 million of net income in FY2009, up 34.3% from $12.9 million of net income in FY2008. Financial and education services are the company's main verticals. Education services represented 58% of net revenue for FY2009. Financial services represented 31% of net revenue for FY2009. [1]

References

  1. 1.0 1.1 1.2 1.3 QuinStreet S-1/A
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