Q2 Holdings, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 21, 2024 at 04:30 pm EST
Share
Q2 Holdings, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 162.12 million compared to USD 146.54 million a year ago. Net loss was USD 18.08 million compared to USD 32.41 million a year ago. Basic loss per share from continuing operations was USD 0.31 compared to USD 0.56 a year ago.
For the full year, sales was USD 624.62 million compared to USD 565.67 million a year ago. Net loss was USD 65.38 million compared to USD 108.98 million a year ago. Basic loss per share from continuing operations was USD 1.12 compared to USD 1.9 a year ago.
Q2 Holdings, Inc. is a provider of digital banking and lending solutions to financial institutions, financial technology companies, and alternative finance companies, and other companies or brands. The Companyâs portfolio of digital solutions includes Digital Banking Platform, Q2 Innovation Studio, Lending and Relationship Pricing, and Helix. Its end-to-end digital banking platform supports its financial institution customers in their delivery of retail, small to medium business and commercial functionalities across digital channels through a single technology platform. Q2 Innovation Studio is an application program interface based and software development kit based open technology platform. Its end-to-end digital lending portfolio allows its FinTech and Alt-FI customers to simplify the end-user experiences of borrowers, accelerate loan decisioning, and reduce operational inefficiencies. Helix is a cloud-native, real-time core processing platform.
Q2 HOLDINGS, INC. 
