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Dec 31, 2022
eGain Q2 2023 Earnings Report
eGain reported record revenue, surpassing guidance and consensus estimates, and generated over $7 million in cash from operations.
Key Takeaways
eGain announced financial results for its fiscal 2023 second quarter ended December 31, 2022. Total revenue was $25.6 million, up 11% year over year (15% in constant currency). GAAP net loss was $104,000, or $0.00 per share. Non-GAAP net income was $1.7 million, or $0.05 per share. Cash flow from operations was $7.4 million.
Total revenue was $25.6 million, up 11% year over year (15% in constant currency).
SaaS revenue was $23.4 million, up 15% year over year (18% in constant currency).
GAAP net loss was $104,000, or $0.00 per share on a basic and diluted basis, compared to GAAP net loss of $826,000, or $0.03 per share on a basic and diluted basis in Q2 2022.
Non-GAAP net income was $1.7 million, or $0.05 per share on a basic and diluted basis, compared to non-GAAP net income of $3.0 million, or $0.10 per share on a basic and $0.09 per share on a diluted basis in Q2 2022.
eGain
eGain
eGain Revenue by Segment
Revenue by Segment
Professional Services Revenue
CapyFin.com Forward Guidance
For the third quarter of fiscal 2023 ending March 31, 2023, eGain expects: Total revenue of between $23.0 million to $23.5 million. GAAP net loss of $1.2 million to $1.6 million, or $0.04 to $0.05 per share. Non-GAAP net income of breakeven to $400,000, or $0.00 to $0.01 per share.
Positive Outlook
- Total revenue of between $23.0 million to $23.5 million.
- Non-GAAP total revenue, adjusted for constant currency, of between $23.5 million to $24.0 million.
Challenges Ahead
- GAAP net loss of $1.2 million to $1.6 million, or $0.04 to $0.05 per share.
- Includes stock-based compensation expense of approximately $1.6 million.
- Includes depreciation and amortization of approximately $125,000.