QUOT - Earnings call transcript Q2 2020 | Quotient Technology Inc.

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Operator

Welcome to Quotient’s Second Quarter 2020 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded and will be available for replay from the Investor Relations section of Quotient’s website following this call. I will now turn the call over to Stacie Clements, Vice President of Investor Relations. Thank you, Ms. Clements, you may now begin.

Stacie Clements

operator. you, Thank welcome and second XXXX quarter Hello, to call. earnings everyone, our

President. are with CFO; Steven our the letter IR call website, ago the our an our posted Prepared and Company’s almost has me remarks hosting Raskin, section our remarks On on for Strayer, today CEO, any from hour separate today stockholder our Pam Boal; Scott corporate release of The investors.quotient.com, earnings and call abbreviated avoid also press are Q&A. to presentation. and today this have prepared to alongside technology time prerecorded interruption. The team is more been and locations leave

in full during statements. manage to XXXX, business we expected brand please to year, include reduce after in our media, the our and investments our well and on as ability operating statements plans our Before leverage rebook capture control to pandemic, liquidity and COVID-XX and you to plans and will or for during this our to These note marketing capture paused retail and year the forward-looking on expenses our the campaigns effectiveness hear dollars e-commerce, generally. performance FSIs, measures later as marketing spending our to dollars growth investments forward-looking cost that ability of projections CPGs’ begin, and quarter the growth call, of delayed in third as ability business

performance to that good of and to available known and actual the the and subject call information faith this team risks of of are on based unknown cause and as are differ statements uncertainties time our beliefs result Forward-looking management materially. as a could to

today’s information, any measures be and exception the expenses. XX-Q whether are basis and on We filed margins future factors expenses, reconciliation gross adjusted our potentially exclude update certain net impact on a between measures in result press factors our the with press annual financial filings the about with risk in call Form non-GAAP that operating and GAAP the results the loss, of to found obligation and company’s new statements, slides forward-looking the and have found can turn discussed of non-GAAP as issued now can information website. otherwise. to Please SEC Steven. financial be the disclaim today May results our note on in A on revenue, been that, future identified could these SEC. release report with that release contained financial posted then today events Additional a or to X information I’ll on With the and over in

Steven Boal

Hello, to to hope XXXX everyone. welcome continues stay I everyone earnings And healthy. that call. QX our

in of mentioned, to Revenue As call we’re million within second our quarter million, $XX doing Stacie $XX.X from was guidance the today’s range million. $XX locations. remote

on $X.X recognized above top a XX% is total revenue of have well year-over-year. the EBITDA, earnings quarter of delayed or that second been decline would If revenue. million $X.X higher our media end range delivered million operating controls, due manage that to expected levels a net our will negatively by the $X gross million as consumer As continued impacts to believe This of million, our the full gross, was adjusted revenue paused, foot COVID-XX. traffic. also store of was inventory most low canceled to lowered address to was impacted of soft on retailers last focus be QX effects total packaged and We our help expenses. of call, impacted revenue quarter of quarter first from which $X to change as manufacturers on the shelves we and due to to be primarily portion good campaigns the mentioned cost in marketing or the COVID-XX, retail for We

of half and we CPG year, back at have pipeline retailer this growing higher a strong and this quarter, of Looking the are forward and historical business. already bookings point the trends new in than to

As half of commentary plan year, of note of year. result, many public half from increase half a expected we’re to of the the this expecting first customers to XX% spend the the our CPG The business. over validating to second in that our second grow they further ad this compared growth

dollars brand about key a share more as marketing Now importance think investments of awareness remains to than maintaining where and their time. be shoppers they for are CPGs, shifting ever, market to focus digital the spending and

We and that moving I’m the teams swiftly, RPM customer Today, and added delivering to or products, to are Quotient shopper Our new new and experiences. building platform two Retail Aid to to iQ, search signed Media announce to Aid drive network, Rite we’ve thrilled exceptional our self-service Retailer our sales Performance retailers increase Rite recently network. product new signing loyalty. retailers help sponsored adding

over launching a a our We other brings Quotient new to also growing and iQ and HyVee of digital, put beginning. and results with advanced only and that network, cannot signed reach be the HyVee, are stores RPM. shopper others increasing as with our additions as complete These to on deliver. is capabilities of Midwest. capabilities, industry past retailers and in as will the the scale we’ve convenience our sharp of retailers scale XX strong the work simply analytics focus solutions we’ve expertise this looking technological Retailer been the the of prioritize retailer supermarkets including months measurement set well pipeline doing actionable

mentioned retailers various more the we stages in several to of have addition development. In above,

coming and more merchant, convenience these Some we of and efforts are on in grocery, forward months. outside look dollar sharing drug, the to verticals in new channels, mass our club traditional

add U.S. platform. product and to partners We our Ahold search we scaling fourth mark Delhaize to sponsored In partnership June, and their to Digital banners our are across platform our a Rite retail media with for our Ahold Labs, advertising. Delhaize and expanded sponsored significantly also sponsored self-service search search USA Aid self-service third Peapod retail USA power network.

reach shift search last to our truly have experiences; The investments shopper of marketing across a been with scale Quotient grocery, CEO classes billion we X sales dollars delivering to made For CPGs best offline product from drug This now business; around growing shift themes: into trade, to sustainably over the dollar. search like sponsored and Quotient. preparing places focused Google multiple and primarily my enables rapidly of $XXX including year media, since very capture from digital. return national platform have the accelerating as to offers the

industry-leading know, Ubimo, the As Ubimo acquisition, costs. demand-side we’ve you Since we Digital Out-Of-Home offering. scrolling November of portion XXXX, our also a messaging an video that of media audio, added dynamic other lowering enhanced most a of while platform media our offering, in and and acquired and programmatic delivers features.

tying seeing campaigns many to have and integrated new performance retailers, Out-Of-Home we’re engagement product other grocery. and and brands of including analytics CPG measurement We and verticals represents Digital our channel to growing those outside by platform directly in a already platform, sales. the also Quotient and

partnership over legacy We Rhodes, fees, as also industry offline and signed clearing their to digital print with new legacy coupons shift the disrupts ROI the from and marketing industry clearing now on brands increasing transparency Mandlik the & rapidly digital retailers. brings which spend XX can coupon months. a next to less CPGs

that to digital. several there I’ve just retailers and the mentioned, drivers In addition highlights growth market shift were support also accelerate to and CPG

and of channel for cliffed incremental the quarter, to continues The increased rapidly channel. dollars digital grocery percentage growing opportunities of In redeemed build growth source our e-commerce as retailers collaboratively brands XXXX. the online second or first, promotions QX This where shoppers a strategies align be over of are. Quotient and channel marketing e-commerce and to the XXX% from

available of agreed help The sales. to second, their national gross from help significant profit helps retailers have promotions streams also strategies and fund claim brands RPM digital-first are drives Quotient’s and retailers, generally of onto revenue enabling marketing digital upon for share media to digital and To programs important some partners create omnichannel revenue retailers shopper percentage their platforms, retail these our prioritizing retail dollars media commit RPM strengthening media. performance high dollars their CPGs. of sales investments. alternative created dollars for and and drive

large exiting these As half digital the in every shift be for for paper a us clear XXXX brands year many to now of enter And adopt back digital as brands full begin delivered continues driver, the the fiscal free-standing on-ramp a fall, act to as XXXX. the maps for growth a further to adding more start should paper believe CPGs in coupon is to for Several to digital. providing and corresponding timing from of see annual the to from spend paper shift coupon and a in tailwind FSI, third, programs the road we are inserts. strategies cycles the coupons and for new we ideal offline

efficient sales, most marketing align to one starting are Digital periods. to for ways strategy well. spend CPGs recessionary particularly the in retailers this addition, and of drive to remains as In on coupons effective dollars

on For more, new build high-value all advertising current a increasing the loyalty Retailers brand in the brands with are and above and ways us. invest digital, we quickly equity, is reasons and ROI sales dollars. responding, believe innovative we in to of prioritizing shoppers, engage The to and long-term growing environment shift large digital. of with more front opportunity goal accelerating have the

us customer industry deliver brands and strength deep market-leading retailers. exceptional positions to knowledge Our and experiences well to

and plan the year, their second We to CPGs the in investment significant promotions in growth media. expect to see half of digital grow as

have with to to to the We’re continues call thrilled now that us future in over industry a to strategy of digital. help shift that, I’ll shape to retail allows the turn place as Pam. the And

Pam Strayer

was my Thank full letter read you, release, QX I’ll last results Revenue encourage year. of keep million, on you prepared website. posted financial $XX.X afternoon, good down in and stockholder to our in our both press our Steven, from remarks brief and and everyone. XX% all the

May, our for this negative the customers we a had our anticipated As adjusted plans impact our their in and into media on as quarter, spend. guidance quarter and promotion built had COVID-XX for revenue

retail XX% second QX customer activities recognized decrease decreased year-over-year in from have XX%. XX% as in revenue benefited QX basis, our year-over-year. cohorts. market the XX-month trailing net growth XXXX. driven QX declined to improvement and these portion of due more Non-GAAP XX% to this decrease would media revenue year. was from we revenue factors, new in digital equity over over specific, revenue prior this QX QX to saw without from of This which was was partially cohort recognition In $X.X XX% primarily the was which declined over were been resulting business XX by improvement change year. our XX as margin had primarily change. year, quarter XX% been a QX million net last revenue revenue such margin the revenue. and previously of total the of recognized we Non-GAAP now year-over-year, to and recognized last in last XXX change retail as benefited quarter impact revenue during the drive delivery by to channels Digital X% COVID-XX. declined across a promotions point in basis quarter quarter growth, is print when of and year. year-over-year basis These growth marketers margins top a over gross X quarters, are paperless offset total it well elevate of in gross increased for On Promotions digital growth gross shoppers, significant primarily in Digital revenue the from target fixed addition this XX% X% last gross revenue total Had X% XX.X%, we X e-commerce promotions, last to sponsored all the costs. in Media year-over-year, from net a point search delivered costs to quarter same the and our benefits as XX% in over turn and mix year been discussed, business revenue and would media was our brand was offerings, retailer gross and XX.X%, media grew down by have primarily GAAP consecutive on Out-Of-Home, the been over sales. offset as year lower the a over a in higher, from and stay-at-home in gross last prior This made Relatively overall revenues recognition specialty orders. basis product

costs With were will with XX across fair our the second million prior flat of GAAP employees acquisition. approximately acquisition. Non-GAAP over gross revenue consideration margins a due in the $X.X consistent Ubimo increased fixed the of primarily operating associated the contingent business to absorbing expenses the approximately operating the year-over-year, product year, in and Ubimo from higher also value expected mix. expenses increase given while year, increase half scale by will

cost QX $X.X controls, due delivered $X.X to top XXXX, quarter We non-GAAP second in range, the which operating adjusted compared As primarily expenses above primarily of down were in lower to XXXX, million, total of controls. due resulted the end our to operating EBITDA million focused expenses. cost of well

we cash, exiting in by the primarily accounts from operations $XX.X quarter, QX strong of receivable at driven cash revenue in first Looking strong the half QX. of generated million collections, second

We continue maintaining approximately from and ended $XXX.X We cash to in the cash balance prior a with up quarter. equivalents, focus strong $XX.X second on sheet. million quarter the million

guidance. to turning Now

bookings the pipeline we For full XXXX, confidence momentum as year and regained visibility builds. and have

be for year. plan $XXX million, $XXX to half. We in their partners first the the in with range We to the our half schedule now over growth the investments year half and and back back of revenue of compared the are in of the XX% to expect million working customers to

For trends of revenue revenue quarter predict, businesses. media year. the the in net certain between This to to products. range for the macro and between or year QX change XXXX, million media third to the these million over Revenue of mix includes $XXX we growth is last to X% $XXX given be gross X harder the for promotions expect

mix on affect time, the but negatively. focused of gross We’re the non-GAAP margins timing could over rest positively or improving product the year throughout

year million expected of to to slightly QX be in expect than million to of to approximately non-GAAP QX. be XXXX, quarter. million. the For with the in the expenses we million to Consistent $XX expenses past $XX the be full seasonality expect $XX half $XX XXXX EBITDA operating non-GAAP second Adjusted range expense, operating is we of higher for

million expect we $XX the $XX third For to XXXX, be quarter of EBITDA million. range in to the adjusted of

will our we from fiscal impact than COVID-XX, the total adjusted Given the be year for decrease expectations for originally expected in XXXX. EBITDA revenue the to due less year

the as the growth we to we’ll are confident second half adjusted EBITDA in EBITDA year, significant expansion revenue forecasting still in are growth. that However, in adjusted and we return of XXXX

in and expect current our revenues flow to we cash the QX Given collections forecast, cash negative quarter. due lower lower in QX

margins. higher QX, we by again flow breakeven revenues and would to operating However, expect positive QX cash from be to higher slightly

QX approximately diluted XXXX impacted outstanding of expect and We million. the quarter was as weighted $XX soft shares a for effects from expected average COVID-XX. be to In summary,

growing in resume, As to environment remain anticipate investments expected the the brands back and year, the in revenue and adjusted priorities and partners half over retailers customers Operator? QX and as revenue with to increases shift well its as plan are in the for large their this digital, current questions. driving we further our turn accelerating digital-first on to I’ll sustainable growth is as market. that, in QX And focused call and significantly. We in promotions of grow growth and media EBITDA and

Operator

from [Operator Craig-Hallum. Bennett Chad Instructions] Our with first question comes

Chad Bennett

forward just to we gross quick fourth of rate the kind in on going a one, get still half the in margins here exit year, do plan quarter? maybe that of second So the the just XX%

Pam Strayer

yes, this Chad, Pam. is

very the margins GAAP. were little on bit We’re that. of more getting XX% hitting timing gross focused uncertain a about Non-GAAP

between easy categories. to able predict. exactly or how us, not customers the seeing a back either look share product they step it’s really plans to what product little of to within significant take know lot we’re it’s those is the But the bookings or mix year, difficult at in second pipeline we and that As media our A half bit while like fits look and promo a momentum. a spending such nice of impact with as are

mix So the get by impact. is not certainly we’re year sure we’re big this in but of going And to product a there QX XXXX.

Steven Boal

being bit, and due a additional than there, it’s Let overlapping planning that drive And had budgets that little Part been media rebooked from because paused back that the half. some me that may revenue in the entirely or add to have for. we is something be fact starting down the we due delayed COVID just may Steven. programs of the segment, were are to

big So for year. it’s a on impact it this got

Chad Bennett

Great. for Steven. And Okay. then follow-up a maybe

I not I know of you just stand being quite visibility ahead years? been prior business of there? your today, into of And And -- time, second today back -- a know about versus well. as any a I Just rates. I parts. full we know QX half your couple you follow-up is like your talked you being guess, bookings quantification guide feel year, guess, that a but historical level what the just you gave even you’ve

So that in second comfort of level increase? what’s half, the XX%

Steven Boal

Sure.

say let of couple a So me things.

The in had start XX% is nuggets, right? So as quarter of would confidence today, those together. we we’ve than and actually some XX that you we bunch years than of less is side, now. there more XX could that on higher on in -- the tools bordering that Scott over of Pam of a of would past visibility lot the just then a XX better we course of first that he our so so than here by I the place is QX historically. days year much is are mean things seen before. we’ve department we’ve put ever things plus, pipeline we’ve lot sit on indications then got now at Raskin And have least the total joined And rigor and when with more one the tie and I a pipeline got put the the visibility two a finance upfront into capabilities tell months just whole

kind now that our visibility got business. into we’ve of So

putting in there in and hopefully would and business I numbers of then business not anymore the out not disappointing. So the that say we’re

growth say banking better. or the we half, back if XX% So on we’re in that

Chad Bennett

one then I And when Then one Okay. me, actually that’s -- also. color great if last maybe could. for

partners, HyVee, time brands and rollout there kind line great to production Aid Any the hop I’ll that on new with And Just Rite off. those X? then of in terms you’ve added. of

Steven Boal

Sure.

later. retailers excited let rather would dictate and but the them have year, of to to we’re lives the this going We’re you, I the of timing really we than this. there expect sooner -- about announcements their tell go And

didn’t some very our color X year, last a add add added one retailers. the We to we’ve signings at pipeline that and in expect hearing. of That building stated, in what platform into to put the retailers. months and of of pipeline everybody RPM fact success we’ve over focuses months, that clearly -- is expansion vertical. on of additional in sharp primary the you, bit beginning XX I’ll able that the little just we’ve another of our seen retailer is really we any year. of share a future And be the I Just growth retailers. more interested given coming built think I’ve one strong past somebody that the very and announcements search XX retailer tell months, to Last past we’ve of and the predictor the of the of And is business. weeks announced, we our search to And more

that on fact. So stay tuned

Operator

with go ahead. Our next RBC. Shweta question from comes Please Khajuria

Shweta Khajuria

Rite the of -- you that Okay. this your but past your quarter the a far these expectation new from as I HyVee, the expectation in in this it early could to scaled, are please was terms about Thank announcements the partnerships? as I’m color contribution of X? I And the Aid, I’m scaled, are little as as other is you. some once contribution any from the should well so XXXX. they referring sorry, you could ones how late. covered, X apologize is bit partnership, going prior partnerships with express terms And of once joined of talk nature X-Eleven, if Shipt, and starting

Steven Boal

Actually, announced, question, to we leave recent to recent these prior from -- will announcements cycle their we those XXXX would Thanks rather and expect be going up sooner would to both this contribution and But earnings expect no, Sure, timing, in Shweta. we’re some of announce from the year. for the thanks contribution than think, I the joining. these announcements. for calendar the Again, this timing to and programs, also later. in retailers

make announcement, we integration And have so generally, of some when we already begun an work. the

of lot off a tying capability. goes forming so technical relationships and And into work there’s an that awful on these

that so work actually, done an And lot of before make announcement. gets a we

predicting respect that tell that’s I been we’ve before, way the lot said just things since is a thrilled my So and the I’m that I what onboarding, focusing the products business I on to around really really you With into market. of one with would to senior of of are expectation. about our developing. partnerships forecasting, process bringing leadership return the am. capable rigor taking the and partnerships,

going And us new new metrics. so how CPGs that set playbooks built much to we’re for call the measure we with and retailers got plan of campaigns building retailers, That with then we’ve better allow and delivering and out for we’ve in things doing. concert to market and well those programs a

So think great in shape. I we’re

Operator

Our next Elliot D.A. Alper with from comes Davidson. question

Elliot Alper

Great.

of So last for very called CPGs and week in month strong June the out July. momentum Pinterest

month curious different those reopening trends trends generated geographies trends June, of July? I’m see revenues country. correlated So of through did in of significant were a on if you portion continue the monthly phases saw in sales with your the with you

Steven Boal

is, the that to yes. So answer question

and also of sort the pattern. to becoming effects levels normalized stock spending to but of We’re spending not normalized seeing back just reopening, returning also

has So is with one mentioned retail correlated and the that and that levels just stabilized. stabilized have you stock e-commerce was I that growth stabilized has of the things CPG think fact the

dollars COVID started deploying start that confidence really out. marketing the to have the as have things CPGs under significant All to allowed again. of And those U.S. really were leveled that hit pressure to

growth. the we in exact would see to same effect So expect

Elliot Alper

increase consumers changed Amazon Okay. influx in now groceries sales. at has this the purchasing Great. if grocery And all, then company’s of large XXX% strategy reported online. online how, the given

same the shopping data? retain to able you are So

Steven Boal

Yes.

with been It grocery of before started long changed that homes. expect that total growth. a they’ll basis, will percentage grocery. mode is have the shoppers of shopping been and Overtime, nonlinear go-forward stabilize, of the X% vectors settle -- down. And As range. COVID on -- what mixed we’ve numbers small now from skew COVID, those of their in we kind that the velocity will really e-commerce Obviously, fact, a proponents in the has associated matter

Now some e-commerce, cetera. that so transaction Where they’ll they’ll grocery digital. people -- transaction have to buy still a opportunity not digital normalcy picking is every that transaction. into many and products, store discovery in-store have ecommerce picking return fruit, ecommerce, and experienced go want by every every et definition, But meat, by definition a is fish,

listing And all, e-commerce in are better. our e-commerce, again, I an the digitally environment said, those And our media do are retail digital, definition, products, really clearly, strong ecommerce. to for more search have by well us, so as performance the you because for shop sponsored well and example, engagements for they

positive very for actually that’s us. So

Operator

with question comes Frankel Colliers. from Steve next Our

Steve Frankel

retailers to partners a pushing gross of Steve, to RPM I’d CPG sales the their like to dig of this platform. into minute notion percentage a commit

X% maybe transition? we still us in on And used are where reasonable update to an about a give talk you think You whether a target? this that’s number,

Steven Boal

are now CPGs for relationship and quoting. Thanks such we’ve that’s tightly is the rewarding platform between scale that them Steve. is what at -- measurement targeting of all And integrated. asking. Sure, capabilities really X.X% retailers and and Actually, been been a

And I equate $XXX fully is sales a what gross that year in of And of the out is by of future, we’ve in think three rolling retailers one with effect the actually. that something us programs spent more the the for today so near existing is are spend in around brackets CPGs past two of those is offline. to top quoted market, something X% million that to just revenue. would some And in neighborhood for remember, in

deliver time moving only spend average shoppers digital because they not are online, that to an time are and much things spend they into those more the interested the shopping in. in retailers. their the engage shoppers you store, of digital, CPGs spend more benefits is the because so to higher, it opportunity on more And And digital, with retailer they kinds digital clearly in experiences can shoppers with advantaged shoppers has ROI

and equation we’ll every and X%. so benefiting X%, constituent see the scale that X.X% this to And in is And single actually is think beginning. over that from time, X.X%

Operator

Our Inc. & next comes with from Co. Kelly question Jed Oppenheimer

Jed Kelly

Great.

think with of PayPal, to invest we’ve COVID, in companies, leading to digital the as fintech I start such started some see more So their like wallet.

scale scale, your partnership of some grocers, with more your data some more set Given wallets? integrate -- large are fintechs money that your these into with digital your an of to spending data, sort opportunity more there your is or investments their

Steven Boal

type. of that to data. that service. clear other side packaged we end. to they the That’s the companies of We’ve companies there payment those don’t of lot at payment, to at on the good because partnership have also is a what Because payment those it’s wallet that retailers may us the get looked relationships a the trying on most great through and thing question. with payment be and the on The wallet And on the most opportunities different, products right? not are the and wallet of sell

be that a Now may different. little bit

our platform off said retail we core we’re earlier, of As our verticals. expanding

partnerships any the may the mass be longer little us. a convenience today, got providers sit But and So I see and the providers drug, cyclical be. expect standing future don’t us payment shoppers, I there an not in what understand a to the announce here are to to they’ve just And us with club a value don’t would payment traditional for or as where integrate dollar provider I tighter wallet would experiences value I certainly omnichannel those environments bit But be. to us. provider. opportunity in for near wallet know that value the to what grocery,

invest in type we would of So that I’m sure not relationship.

Jed Kelly

a And alcoholic Did venture late. been how it. I did with little the partnership -- X-Eleven -- can provide us and an joined trending -- then provide beverages? it’s you Got you in the on into the update

Steven Boal

retailers, individual and but Speedway. And that didn’t. is we really news. with public specifically the X,XXX a short will very a we -- period generally, I No, last terrific became time, that were And announced X-Eleven merger in say when we stores talk program. about of excited Speedway don’t loyalty

And just a They’re excited overall fantastic X-Eleven relationship. so we’re the partner. really about

Jed Kelly

versus I and then coupon at on right. I you’ve more. see during sort unemployment different be that’s of trends, you XQ how shopping? to data and this looking consumers just next recession. anything trended there And shopping as And around the is are the All how guess into unemployment at how time mean, year? you we’re and looking last had last one going recession

Steven Boal

no. That’s answer excellent that these times. the really is The these great a unprecedented. the it’s clear turn And is times And high recessionary since -- in as depression. to value as Shoppers rate unemployment question. to been an are

so XXXX, they -- late using were out until groceries. XXXXs. of born great when slight the in coupons though It reportedly U.S. for was even XXXX actually very and XX usage think, coupons depression, -- XX% was population of And started I the the over

and can to at can changes information. in shopper, individual really look they’re and taking satisfy the a we is but But deploy partners, digital And that retailer to working in in you’re only are way light, we’re particularly typically be shopper. brings, when obviously, the to clearly down with our back the shoppers. shoppers the now with The target think so think want CPGs about retailers, offers and place, you that store of sale with that value. that comes getting very physical parse promotions that they things technological and that we difference we most store, the circular, to brand between finely then, and the that likely And things that very on can how beauty mission the take of of the the is front mission of XX% of really CPG, the sale, few individual fulfill around advantage digital, to on

now. allows deliver value and right are importantly, feeling It’s so better, us the And right they’re to a really the now. tough closer really they have digital that of pinch shoppers to for shoppers most relationship, kind much right when

Operator

conference the would session. any management back over closing remarks. to concludes This I turn question-and-answer to our for like

Steven Boal

our Thank with on you safe. and you And paper. over approaching, as the you, to second you hope in prioritize of expected look healthy East, Thank new expected We I over grow to be for today. this those the year and retailers continue to to back company. remain and XX% everyone future all us confident again. are of stays half in digital for joining With brands safe. forward platform of on excited the our operator, live storm we strategy thank half, offline growth to retailers of the and the hope the We the soon all and first XXXX half revenue you particularly and over

Operator

presentation. The for conference concluded. you attending Thank today’s has now

now may disconnect. You

Quotient Technology (QUOT) 9 Aug 202020 Q2 Earnings call transcript