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Bullboard - Stock Discussion Forum Quisitive Technology Solutions Inc V.QUIS

Alternate Symbol(s):  QUISF

Quisitive Technology Solutions, Inc. is a global Microsoft partner leveraging the Microsoft cloud platform and artificial intelligence, alongside custom and proprietary technologies. The Company's cloud segment solution segment delivers technical cloud and business solutions to help customers achieve their business goals. It harnesses the Microsoft platform and complementary technologies... see more

TSXV:QUIS - Post Discussion

Quisitive Technology Solutions Inc > Scotia's Earnings Preview
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Post by savyinvestor333 on May 25, 2022 7:09am

Scotia's Earnings Preview

Software & Services

Quisitive Technology Solutions, Inc.

  • QUIS-V: C$0.57
  • Target: C$2.60
  • Rating: Sector Outperform

Q1/22 Preview

OUR TAKE: Neutral. Quisitive is scheduled to release its Q1/22 earnings on Wednesday, May 25, 2022, post–market close. The conference call will be hosted at 4:30 p.m. ET (U.S./international live-call phone number: 877-704-4453/201-389-0920).

Quisitive is a notable fintech story, one that is being closely watched by many, ourselves included, to see where things go and how LedgerPay will evolve in years to come. Q1/22 was a busy quarter for the company, getting through the initial stages of LedgerPay commercialization. The company is currently in the pilot phase: the LedgerPay platform is being rolled out to select group of customers to iron out any creases, before it is released to the broader customer segment. Post-completion of the pilot phase, the company will start migrating BankCard customers onto the LedgerPay portal.

The company provided investors with a detailed company outlook and outlined its upcoming plans with its Q4/21 and F2021 results; please refer to our note, A Transformational Year Ahead!, for details. We expect Q1/22’s results to be an extension of Q4/21’s, with additional growth coming from the Catapult acquisition. We expect Q1/22 to be another strong quarter and forecast reported net revenues of ~$41 million, resulting in gross profit of ~$15 million, adjusted EBITDA of ~$7 million and adjusted EPS of ~$0.00. We estimate free cash flow for the quarter of ~$6 million, with cash on hand as of Q1/22-end at ~$18 million and net leverage of ~2.85x.

Exhibit 1 - QUIS - Q1/22 Earnings Preview
Source: Company reports; FactSet; Scotiabank GBM estimates.

During the conference call, we will look for additional clarity on the Catapult integration, LedgerPay growth, the potential impact of inflation on the business, and the company’s M&A strategy. We maintain our Sector Outperform rating and C$2.60 one-year price target.

Comment by ddogold on May 25, 2022 10:00am
Something is going to happen here with such a massive discrepancy between the shareprice and the PT's of all the houses that follow Quisitive . I still believe we are vastly underpriced . Time will tell , beginning with todays Earnngs report . Glta
Comment by savyinvestor333 on May 25, 2022 4:29pm
Looks like a beat on the Scotia numbers
Comment by mjh9413 on May 25, 2022 11:58pm
The associated financings for the card company are an albatross round their neck. $200Million in intangibles and goodwill, latter $197MM, just shows how much they have overpaid. As Scotia said, waiting for ledgerpay...sounds like Godot.
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