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Dec 31, 2019
Five9 Q4 2019 Earnings Report
Reported a revenue growth of 28% reaching a record of $92.3 million.
Key Takeaways
Five9 reported strong Q4 results with revenue reaching a record $92.3 million, a 28% increase year-over-year. The company's success in the Enterprise business drove this growth. They significantly strengthened the leadership team and expanded their product and platform.
Q4 revenue increased 28% year-over-year to $92.3 million.
GAAP net income for Q4 was $0.8 million, or $0.01 per diluted share.
Non-GAAP net income for Q4 was $17.0 million, or $0.27 per diluted share.
Adjusted EBITDA for Q4 was $19.6 million, or 21.2% of revenue.
Five9
Five9
Forward Guidance
For the full year 2020, Five9 expects revenue in the range of $380.5 to $383.5 million. For the first quarter of 2020, Five9 expects revenue in the range of $89.0 to $90.0 million.
Positive Outlook
- Revenue in the range of $380.5 to $383.5 million for the full year 2020.
- GAAP net loss in the range of $(30.9) to $(27.9) million for the full year 2020.
- Non-GAAP net income in the range of $55.5 to $58.5 million for the full year 2020.
- Revenue in the range of $89.0 to $90.0 million for the first quarter of 2020.
- GAAP net loss in the range of $(9.9) to $(8.9) million for the first quarter of 2020.
Challenges Ahead
- GAAP net loss in the range of $(30.9) to $(27.9) million for the full year 2020.
- GAAP net loss in the range of $(9.9) to $(8.9) million for the first quarter of 2020.
- GAAP net loss per share, basic and diluted $(0.16) - $(0.14) for Q1 2020
- GAAP net loss per share, basic and diluted $(0.48) - $(0.43) for FY 2020
- Non-GAAP adjustments do not have an impact on our income tax provision due to past losses and valuation allowance.