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.