Financial PerformanceEverQuote's Q1 results came in solidly above expectations, with revenue, VMD, and adj. EBITDA all noticeably above CGe as the recovery in auto insurance customer acquisition spending continues.
Product InnovationEverQuote has introduced a new smart campaigns product that enhances marketplace bidding for carriers, increasing their efficiency.
Strategic PositionEverQuote generated $23M in cash during the quarter and now holds over $125M in cash, which should strengthen the company's strategic position.