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Sep 30, 2022
eGain Q1 2023 Earnings Report
eGain reported record revenue in the first quarter of fiscal year 2023, with a year-over-year increase of 20% in constant currency, and announced a $20 million stock repurchase program.
Key Takeaways
eGain announced record revenue for Q1 2023, exceeding guidance and street consensus. Total revenue was $24.8 million, up 15% year over year (20% in constant currency). GAAP net loss was $16,000, or $0.00 per share. Non-GAAP net income was $2.0 million, or $0.06 per share. The company also announced a $20 million stock repurchase plan.
Total revenue was $24.8 million, up 15% year over year (20% in constant currency).
SaaS revenue was $22.6 million, up 18% year over year (23% in constant currency).
GAAP net loss was $16,000, or $0.00 per share, compared to GAAP net income of $551,000, or $0.02 per share in Q1 2022.
Non-GAAP net income was $2.0 million, or $0.06 per share, compared to non-GAAP net income of $2.7 million, or $0.08 per share in Q1 2022.
eGain
eGain
eGain Revenue by Segment
Revenue by Segment
Professional Services Revenue
CapyFin.com Forward Guidance
For the second quarter of fiscal 2023, eGain expects total revenue between $25.0 million and $25.4 million, representing growth of 8% to 10% year over year, and non-GAAP net income of $1.1 million to $1.4 million, or $0.03 to $0.04 per share. For the full fiscal year 2023, eGain expects total revenue between $100.0 million to $102.0 million.
Positive Outlook
- Total revenue of between $25.0 million to $25.4 million, representing growth of 8% to 10% year over year.
- Non-GAAP total revenue, adjusted for constant currency, of between $25.8 million to $26.2 million, representing growth of 12% to 13%.
- GAAP net loss of $700,000 to $1.0 million, or $0.02 to $0.03 per share.
- Non-GAAP net income of $1.1 million to $1.4 million, or $0.03 to $0.04 per share.
- Total revenue of between $100.0 million to $102.0 million, representing growth of 9% to 11% year over year.
Challenges Ahead
- GAAP net loss of $700,000 to $1.0 million, or $0.02 to $0.03 per share (Q2 guidance).
- Includes stock-based compensation expense of approximately $2.0 million (Q2 guidance).
- Includes depreciation and amortization of approximately $130,000 (Q2 guidance).
- GAAP net loss of $2.2 million to $3.2 million, or $0.07 to $0.10 per share (FY guidance).
- Includes stock-based compensation expense of approximately $8.5 million (FY guidance).