eGain Q2 2024 Earnings Report
Key Takeaways
eGain reported a GAAP net income of $2.2 million, or $0.07 per share, and a non-GAAP net income of $3.4 million, or $0.11 per share. Total revenue was $23.8 million, down 7% year over year.
Total revenue was $23.8 million, down 7% year over year.
GAAP net income was $2.2 million, or $0.07 per share, up from a GAAP net loss of $104,000 in Q2 2023.
Non-GAAP net income was $3.4 million, or $0.11 per share, up from a non-GAAP net income of $1.7 million in Q2 2023.
Total cash and cash equivalents were $86.8 million, up from $79.8 million in Q1 2024.
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eGain Revenue by Segment
Forward Guidance
For the third quarter of fiscal 2024, eGain expects total revenue between $22.6 million and $23.0 million, GAAP net income between $400,000 and $1.0 million, and non-GAAP net income between $1.6 million and $2.2 million.
Positive Outlook
- Total revenue of between $22.6 million to $23.0 million.
- GAAP net income of $400,000 to $1.0 million, or $0.01 to $0.03 per share.
- Includes stock-based compensation expense of approximately $1.2 million.
- Includes depreciation and amortization of approximately $100,000.
- Non-GAAP net income of $1.6 million to $2.2 million, or $0.05 to $0.07 per share.