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Dec 31, 2022
Five9 Q4 2022 Earnings Report
Reported record revenue with strong enterprise growth and international expansion.
Key Takeaways
Five9 reported a strong fourth quarter with revenue growing 20% year-over-year to a record $208.3 million. The growth was driven by the continued strength of the Enterprise business where LTM subscription revenue grew 32% year-over-year and investments in international expansion where 2022 international revenue grew 44%.
Q4 revenue increased 20% year-over-year to a record $208.3 million.
GAAP gross margin was 53.8% compared to 54.1% for the fourth quarter of 2021.
GAAP net loss was $(13.7) million, or $(0.19) per basic share, compared to GAAP net loss of $(3.6) million, or $(0.05) per basic share, for the fourth quarter of 2021.
GAAP operating cash flow was $32.7 million, compared to $8.6 million for the fourth quarter of 2021.
Forward Guidance
Five9 provides guidance based on current market conditions and expectations.
Positive Outlook
- Full year 2023 revenue is expected to be in the range of $900.0 to $903.0 million.
- Full year 2023 GAAP net loss per share is expected to be in the range of $(1.72) to $(1.62).
- Full year 2023 non-GAAP net income per share is expected to be in the range of $1.67 to $1.71.
- First quarter 2023 revenue is expected to be in the range of $207.0 to $208.0 million.
- First quarter 2023 non-GAAP net income per share is expected to be in the range of $0.23 to $0.25.
Challenges Ahead
- Guidance is subject to various important cautionary factors referenced in the section entitled "Forward-Looking Statements".
- Risks and uncertainties associated with the ongoing macroeconomic deterioration.
- Full year 2023 GAAP net loss per share assumes diluted shares outstanding of approximately 72.1 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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