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Q2 Holdings provides Q3, FY'19 guidance

Q2 Holdings Inc. provided guidance for the third quarter and full year 2019 and reported earnings for the second quarter.

For the third quarter, Q2 expects total revenue of $78.6 million to $79.6 million and adjusted EBITDA of $5.0 million to $5.5 million. Full-year total revenue is expected to be $313.0 million to $315.0 million, and adjusted EBITDA for the full year is expected to be $20.0 million to $22.0 million.

Q2 also reported a second-quarter net loss of $17.3 million, or 39 cents per share, compared with a net loss of $8.6 million, or 20 cents per share, in the year-ago period. Non-GAAP net income for the second quarter came in at $359,000, or 1 cent per share, compared with $2.8 million, or 6 cents per share, in the second quarter of 2018.