Q2 Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 07, 2022 at 04:31 pm EST
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Q2 Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 144.75 million compared to USD 126.74 million a year ago. Net loss was USD 27.79 million compared to USD 31.58 million a year ago. Basic loss per share from continuing operations was USD 0.48 compared to USD 0.56 a year ago.
For the nine months, sales was USD 419.13 million compared to USD 366.83 million a year ago. Net loss was USD 76.57 million compared to USD 87.37 million a year ago. Basic loss per share from continuing operations was USD 1.34 compared to USD 1.55 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. 
