Q2 Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 03, 2022 at 04:36 pm EDT
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Q2 Holdings, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 140.31 million compared to USD 123.57 million a year ago. Net loss was USD 25.22 million compared to USD 30.13 million a year ago. Basic loss per share from continuing operations was USD 0.44 compared to USD 0.53 a year ago. Diluted loss per share from continuing operations was USD 0.44 compared to USD 0.53 a year ago.
For the six months, sales was USD 274.38 million compared to USD 240.09 million a year ago. Net loss was USD 48.78 million compared to USD 55.78 million a year ago. Basic loss per share from continuing operations was USD 0.85 compared to USD 0.99 a year ago. Diluted loss per share from continuing operations was USD 0.85 compared to USD 0.99 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. 
