Five9 Revenue Growth Accelerates to 28% and Adjusted EBITDA Margin Improves to 6% in the Second Quarter of 2016
03 Agosto 2016 - 5:05PM
LTM Enterprise Subscription Revenue Growth
Accelerates to 41%
Five9, Inc. (NASDAQ:FIVN), a leading provider of cloud software for
the enterprise contact center market, today reported results for
the second quarter 2016 ended June 30, 2016.
Q2 Business Highlights
- All-time records for both enterprise bookings and commercial
bookings
- Total revenue increased 28% year-over-year to a record $38.9
million
- LTM enterprise subscription revenue grew 41%
year-over-year
- LTM enterprise revenue increased to 67% of total revenue, up
from 62% in the year ago period
- Annual dollar-based retention rate was 100%, up from 94% in the
year ago period
- Operating cash flow was $2.2 million, up by $6.2 million
year-over-year
“Our second quarter results were truly outstanding with further
acceleration on the top line driven by LTM enterprise subscription
revenue growth of 41%. Furthermore, we continued to enjoy
exceptional leverage in our business model resulting in record
adjusted EBITDA. Since our IPO eight quarters ago, our
adjusted EBITDA margins have increased by nearly 34 percentage
points. I am also extremely pleased that our bookings and
pipeline reached new highs. Our results continued to be
driven by strong enterprise gains, which deliver high marginal
profitability. We are still in the early days of a massive
push towards modernization of customer service and contact center
technologies, including both CRM and contact center
infrastructure. Given our strong position in this market and
the momentum in our business, we are raising 2016 guidance.”
- Mike Burkland, President and CEO, Five9
Second Quarter 2016 Financial Results
- Total revenue for the second quarter of 2016 increased 28% to
$38.9 million, compared to $30.3 million for the second quarter of
2015
- GAAP gross margin was 56.9% in the second quarter of 2016,
compared to 52.9% for the second quarter of 2015
- Adjusted gross margin was 61.9% for the second quarter of 2016,
compared to 58.7% for the second quarter in 2015
- GAAP net loss for the second quarter of 2016 was $(3.5)
million, or $(0.07) per share, compared to a GAAP net loss of
$(7.4) million, or $(0.15) per share, for the second quarter of
2015
- Non-GAAP net loss for the second quarter of 2016 was $(0.8)
million, or $(0.02) per share, compared to a non-GAAP net loss of
$(5.1) million, or $(0.10) per share, for the second quarter of
2015
- Adjusted EBITDA for the second quarter of 2016 was $2.3
million, or 5.9% of revenue, compared to a loss of $(2.3) million,
or (7.4)% of revenue, for the second quarter of 2015
A reconciliation of the non-GAAP financial measures to their
related GAAP financial measures is set forth in the tables attached
to this release.
Business Outlook
- For the full year 2016, Five9 expects to
report:
- Revenue in the range of $155.8 to $157.8 million, up from the
prior guidance range of $151.5 to $154.5 million that was
previously provided on May 10, 2016
- GAAP net loss in the range of $(17.8) to $(19.8) million,
including an estimated $1.0 million write-off of unamortized fees
and discounts as well as a prepayment penalty from the termination
of our prior term debt facility, or a loss of $(0.34) to $(0.38)
per share, improved from the prior guidance range of $(19.8) to
$(21.8) million, or a loss of $(0.38) to $(0.42) per share, that
was previously provided on May 10, 2016
- Non-GAAP net loss in the range of $(6.5) to $(8.5) million, or
$(0.12) to $(0.16) per share, improved from the prior guidance
range of $(10.1) to $(12.1) million, or $(0.19) to $(0.23) per
share, that was previously provided on May 10, 2016
- For the third quarter of 2016, Five9 expects to
report:
- Revenue in the range of $38.6 to $39.6 million
- GAAP net loss in the range of $(5.9) to $(6.9) million,
including an estimated $1.0 million write-off of unamortized fees
and discounts as well as a prepayment penalty, or a loss of $(0.11)
to $(0.13) per share
- Non-GAAP net loss in the range of $(2.2) to $(3.2) million, or
a loss of $(0.04) to $(0.06) per share
Conference Call Details
Five9 will discuss its second quarter 2016 results today, August
3, 2016, via teleconference at 4:30 p.m. Eastern Time. To
access the call (ID 1334608), please dial: 877-795-3648 or
719-325-4782. An audio replay of the call will be available
through August 17, 2016 by dialing 888-203-1112 or 719-457-0820 and
entering access code 1334608. A copy of this press release
will be furnished to the Securities and Exchange Commission on a
Current Report on Form 8-K, and will be posted to our web site,
prior to the conference call.
A webcast of the call will be available on the Investor
Relations section of the Company’s website at
http://investors.five9.com/.
Non-GAAP Financial Measures
In addition to disclosing financial measures prepared in
accordance with U.S. generally accepted accounting principles
(GAAP), this press release and the accompanying tables contain
certain non-GAAP financial measures. Non-GAAP financial
measures do not have any standardized meaning and are therefore
unlikely to be comparable to similarly titled measures presented by
other companies. Five9 considers these non-GAAP
financial measures to be important because they provide useful
measures of the operating performance of the company, exclusive of
unusual events, as well as factors that do not directly affect what
we consider to be our core operating performance. The
company’s management uses these measures to (i) illustrate
underlying trends in the company’s business that could otherwise be
masked by the effect of income or expenses that are excluded from
non-GAAP measures, and (ii) establish budgets and operational goals
for managing the company’s business and evaluating its
performance. In addition, investors often use similar
measures to evaluate the operating performance of a company.
Non-GAAP financial measures are presented for supplemental
informational purposes only for understanding the company's
operating results. The non-GAAP financial measures should not be
considered a substitute for financial information presented in
accordance with GAAP. Please see the reconciliation of non-GAAP
financial measures to the most directly comparable GAAP measure
attached to this release.
Forward Looking Statements
This news release contains certain forward-looking statements,
including the statements in the quote from our Chief Executive
Officer, including statements regarding the enterprise shift to the
cloud for CRM and contact center solutions and Five9’s market
position, increasing demand for Five9’s solutions, and the third
quarter 2016 and full year 2016 financial projections set forth
under the caption “Business Outlook,” that are based on our current
expectations and involve numerous risks and uncertainties that may
cause these forward-looking statements to be inaccurate. Risks that
may cause these forward-looking statements to be inaccurate
include, among others: (i) our quarterly and annual results may
fluctuate significantly, may not fully reflect the underlying
performance of our business and may result in decreases in the
price of our common stock; (ii) we may be unable to attract
new clients or sell additional services and functionality to our
existing clients or could experience a reduction in seats or
revenues from existing clients; (iii) our recent rapid growth
may not be indicative of our future growth and we may fail to
manage our growth effectively; (iv) the markets in which we
participate are highly competitive and we may be unable to compete
effectively; (v) we may be unable to manage our technical
operations infrastructure, which could cause our existing clients
to experience service outages, cause our new clients to experience
delays in the deployment of our solution and subject us to, among
other things, claims for credits or damages; (vi) a decline
in our dollar-based retention rate could cause our revenues and
gross margins to decrease and our net loss to increase and we may
be required to spend more money to grow our client base to maintain
our revenues; (vii) sales of our solutions to larger organizations
may require longer sales and implementation cycles and we may be
unable to offer the configuration and integration services or
customized features and functions required by larger organizations,
which could delay or prevent sales of our solution to them;
(viii) downturns or upturns in new sales will not be immediately
reflected in our operating results and may be difficult to
discern; (ix) third-party telecommunications and internet
service providers on which we rely may fail to provide our clients
and their customers with reliable telecommunication services and
connectivity to our cloud contact center software; (x) we may
be unable to achieve or sustain profitability; (xi) we may be
unable to secure additional financing on favorable terms, or at
all, to meet our future capital needs; and (xii) the other risks
detailed from time-to-time under the caption “Risk Factors” and
elsewhere in our Securities and Exchange Commission filings and
reports, including, but not limited to, our most recent quarterly
report on Form 10-Q. Such forward looking statements speak only as
of the date hereof and readers should not unduly rely on such
statements. We undertake no obligation to update the
information contained in this press release, including in any
forward-looking statements.
About Five9
Five9 is a leading provider of cloud software for the enterprise
contact center market, bringing the power of the cloud to thousands
of customers and facilitating approximately three billion customer
interactions annually. Since 2001, Five9 has led the cloud
revolution in contact centers, helping organizations transition
from legacy premise-based solutions to the cloud. Five9 provides
businesses reliable, secure, compliant and scalable cloud contact
center software designed to create exceptional customer
experiences, increase agent productivity and deliver tangible
business results. For more information, visit www.five9.com.
FIVE9, INC. |
CONDENSED CONSOLIDATED BALANCE
SHEETS |
(In thousands) |
|
|
|
June 30, 2016 |
|
December 31, 2015 |
|
|
(Unaudited) |
|
|
ASSETS |
|
|
|
|
Current
assets: |
|
|
|
|
Cash and cash equivalents |
|
$ |
57,638 |
|
|
$ |
58,484 |
|
Accounts receivable, net |
|
10,765 |
|
|
10,567 |
|
Prepaid expenses and other current
assets |
|
3,390 |
|
|
2,184 |
|
Total current
assets |
|
71,793 |
|
|
71,235 |
|
Property and equipment,
net |
|
13,188 |
|
|
13,225 |
|
Intangible assets,
net |
|
1,785 |
|
|
2,041 |
|
Goodwill |
|
11,798 |
|
|
11,798 |
|
Other assets |
|
932 |
|
|
934 |
|
Total
assets |
|
$ |
99,496 |
|
|
$ |
99,233 |
|
|
|
|
|
|
LIABILITIES AND
STOCKHOLDERS’ EQUITY |
|
|
|
|
Current
liabilities: |
|
|
|
|
Accounts payable |
|
$ |
3,004 |
|
|
$ |
2,569 |
|
Accrued and other current
liabilities |
|
9,153 |
|
|
7,911 |
|
Accrued federal fees |
|
6,008 |
|
|
5,684 |
|
Sales tax liability |
|
1,215 |
|
|
1,262 |
|
Revolving line of credit |
|
12,500 |
|
|
12,500 |
|
Notes payable |
|
6,576 |
|
|
7,212 |
|
Capital leases |
|
5,271 |
|
|
4,972 |
|
Deferred revenue |
|
7,898 |
|
|
6,413 |
|
Total current
liabilities |
|
51,625 |
|
|
48,523 |
|
Sales tax liability —
less current portion |
|
1,650 |
|
|
1,915 |
|
Notes payable — less
current portion |
|
14,572 |
|
|
17,327 |
|
Capital leases — less
current portion |
|
4,617 |
|
|
4,606 |
|
Other long-term
liabilities |
|
579 |
|
|
582 |
|
Total
liabilities |
|
73,043 |
|
|
72,953 |
|
Stockholders’
equity: |
|
|
|
|
Common stock |
|
53 |
|
|
51 |
|
Additional paid-in
capital |
|
189,199 |
|
|
180,649 |
|
Accumulated
deficit |
|
(162,799 |
) |
|
(154,420 |
) |
Total
stockholders’ equity |
|
26,453 |
|
|
26,280 |
|
Total
liabilities and stockholders’ equity |
|
$ |
99,496 |
|
|
$ |
99,233 |
|
FIVE9, INC. |
CONDENSED CONSOLIDATED STATEMENTS OF
OPERATIONS |
(Unaudited, in thousands, except per share data) |
|
|
|
Three Months Ended |
|
Six Months Ended |
|
|
June 30, 2016 |
|
June 30, 2015 |
|
June 30, 2016 |
|
June 30, 2015 |
|
|
|
|
|
|
|
|
|
Revenue |
|
$ |
38,886 |
|
|
$ |
30,274 |
|
|
$ |
76,901 |
|
|
$ |
60,548 |
|
Cost of revenue |
|
16,764 |
|
|
14,270 |
|
|
33,374 |
|
|
29,048 |
|
Gross profit |
|
22,122 |
|
|
16,004 |
|
|
43,527 |
|
|
31,500 |
|
Operating
expenses: |
|
|
|
|
|
|
|
|
Research and development |
|
5,799 |
|
|
5,568 |
|
|
11,601 |
|
|
11,606 |
|
Sales and marketing |
|
12,637 |
|
|
10,594 |
|
|
25,343 |
|
|
20,525 |
|
General and administrative |
|
5,882 |
|
|
6,027 |
|
|
12,418 |
|
|
13,302 |
|
Total operating
expenses |
|
24,318 |
|
|
22,189 |
|
|
49,362 |
|
|
45,433 |
|
Loss from
operations |
|
(2,196 |
) |
|
(6,185 |
) |
|
(5,835 |
) |
|
(13,933 |
) |
Other expense,
net: |
|
|
|
|
|
|
|
|
Interest
expense |
|
(1,197 |
) |
|
(1,155 |
) |
|
(2,396 |
) |
|
(2,294 |
) |
Interest
income and other |
|
(33 |
) |
|
(49 |
) |
|
(78 |
) |
|
(47 |
) |
Total other expense,
net |
|
(1,230 |
) |
|
(1,204 |
) |
|
(2,474 |
) |
|
(2,341 |
) |
Loss before income
taxes |
|
(3,426 |
) |
|
(7,389 |
) |
|
(8,309 |
) |
|
(16,274 |
) |
Provision for (benefit
from) income taxes |
|
42 |
|
|
(20 |
) |
|
70 |
|
|
(2 |
) |
Net loss |
|
$ |
(3,468 |
) |
|
$ |
(7,369 |
) |
|
$ |
(8,379 |
) |
|
$ |
(16,272 |
) |
Net loss per
share: |
|
|
|
|
|
|
|
|
Basic and diluted |
|
$ |
(0.07 |
) |
|
$ |
(0.15 |
) |
|
$ |
(0.16 |
) |
|
$ |
(0.33 |
) |
Shares used in
computing net loss per share: |
|
|
|
|
|
|
|
|
Basic and diluted |
|
52,143 |
|
|
49,980 |
|
|
51,760 |
|
|
49,708 |
|
FIVE9, INC. |
CONDENSED CONSOLIDATED STATEMENTS OF CASH
FLOWS |
(Unaudited, in thousands) |
|
|
|
Six Months Ended |
|
|
June 30, 2016 |
|
June 30, 2015 |
|
|
|
|
|
Cash flows from
operating activities: |
|
|
|
|
Net loss |
|
$ |
(8,379 |
) |
|
$ |
(16,272 |
) |
Adjustments to
reconcile net loss to net cash provided by (used in) operating
activities: |
|
|
|
|
Depreciation and amortization |
|
4,163 |
|
|
3,685 |
|
Provision for doubtful
accounts |
|
41 |
|
|
134 |
|
Stock-based compensation |
|
4,408 |
|
|
4,065 |
|
Loss on disposal of property and
equipment |
|
2 |
|
|
9 |
|
Amortization of debt discount |
|
178 |
|
|
171 |
|
Others |
|
(7 |
) |
|
(1 |
) |
Changes in operating
assets and liabilities: |
|
|
|
|
Accounts receivable |
|
(245 |
) |
|
(57 |
) |
Prepaid expenses and other current
assets |
|
(1,206 |
) |
|
(2,268 |
) |
Other assets |
|
62 |
|
|
(87 |
) |
Accounts payable |
|
357 |
|
|
(1,394 |
) |
Accrued and other current
liabilities |
|
1,389 |
|
|
2,035 |
|
Accrued federal fees and sales tax
liability |
|
12 |
|
|
165 |
|
Deferred revenue |
|
1,535 |
|
|
163 |
|
Other liabilities |
|
(53 |
) |
|
(58 |
) |
Net cash provided by
(used in) operating activities |
|
2,257 |
|
|
(9,710 |
) |
Cash flows from
investing activities: |
|
|
|
|
Purchases of property
and equipment |
|
(568 |
) |
|
(414 |
) |
(Increase) Decrease in
restricted cash |
|
(60 |
) |
|
806 |
|
Purchase of short-term
investments |
|
— |
|
|
(20,000 |
) |
Proceeds from maturity
of short-term investments |
|
— |
|
|
40,000 |
|
Net cash (used in)
provided by investing activities |
|
(628 |
) |
|
20,392 |
|
Cash flows from
financing activities: |
|
|
|
|
Proceeds from exercise
of common stock options |
|
3,352 |
|
|
349 |
|
Proceeds from sale of
common stock under ESPP |
|
792 |
|
|
680 |
|
Repayments of notes
payable |
|
(3,563 |
) |
|
(1,572 |
) |
Payments of capital
leases |
|
(3,056 |
) |
|
(3,095 |
) |
Net cash used in
financing activities |
|
(2,475 |
) |
|
(3,638 |
) |
Net (decrease) increase
in cash and cash equivalents |
|
(846 |
) |
|
7,044 |
|
Cash and cash
equivalents: |
|
|
|
|
Beginning of period |
|
58,484 |
|
|
58,289 |
|
End of period |
|
$ |
57,638 |
|
|
$ |
65,333 |
|
FIVE9, INC. |
RECONCILIATION OF GAAP GROSS PROFIT TO
ADJUSTED GROSS PROFIT |
(Unaudited, in thousands, except percentages) |
|
|
|
Three Months Ended |
|
Six Months Ended |
|
|
June 30, 2016 |
|
June 30, 2015 |
|
June 30, 2016 |
|
June 30, 2015 |
|
|
|
|
|
|
|
|
|
GAAP gross profit |
|
$ |
22,122 |
|
|
$ |
16,004 |
|
|
$ |
43,527 |
|
|
$ |
31,500 |
|
GAAP gross margin |
|
56.9 |
% |
|
52.9 |
% |
|
56.6 |
% |
|
52.0 |
% |
Non-GAAP
adjustments: |
|
|
|
|
|
|
|
|
Depreciation |
|
1,528 |
|
|
1,470 |
|
|
3,120 |
|
|
2,821 |
|
Intangibles amortization |
|
88 |
|
|
88 |
|
|
176 |
|
|
176 |
|
Stock-based compensation |
|
329 |
|
|
218 |
|
|
594 |
|
|
406 |
|
Adjusted gross
profit |
|
$ |
24,067 |
|
|
$ |
17,780 |
|
|
$ |
47,417 |
|
|
$ |
34,903 |
|
Adjusted gross
margin |
|
61.9 |
% |
|
58.7 |
% |
|
61.7 |
% |
|
57.6 |
% |
RECONCILIATION OF GAAP NET LOSS TO ADJUSTED
EBITDA |
(Unaudited, in thousands) |
|
|
|
Three Months Ended |
|
Six Months Ended |
|
|
June 30, 2016 |
|
June 30, 2015 |
|
June 30, 2016 |
|
June 30, 2015 |
|
|
|
|
|
|
|
|
|
GAAP net loss |
|
$ |
(3,468 |
) |
|
$ |
(7,369 |
) |
|
$ |
(8,379 |
) |
|
$ |
(16,272 |
) |
Non-GAAP
adjustments: |
|
|
|
|
|
|
|
|
Depreciation and amortization |
|
2,060 |
|
|
1,910 |
|
|
4,163 |
|
|
3,685 |
|
Stock-based compensation |
|
2,414 |
|
|
1,830 |
|
|
4,408 |
|
|
4,065 |
|
Interest expense |
|
1,197 |
|
|
1,155 |
|
|
2,396 |
|
|
2,294 |
|
Interest income and other |
|
33 |
|
|
49 |
|
|
78 |
|
|
47 |
|
Provision for (benefit from) income
taxes |
|
42 |
|
|
(20 |
) |
|
70 |
|
|
(2 |
) |
Out of period adjustment for sales
tax liability (G&A) |
|
— |
|
|
190 |
|
|
— |
|
|
765 |
|
Adjusted EBITDA |
|
$ |
2,278 |
|
|
$ |
(2,255 |
) |
|
$ |
2,736 |
|
|
$ |
(5,418 |
) |
FIVE9, INC. |
RECONCILIATION OF GAAP NET LOSS TO NON-GAAP
NET LOSS |
(Unaudited, in thousands, except per share data) |
|
|
|
Three Months Ended |
|
Six Months Ended |
|
|
June 30, 2016 |
|
June 30, 2015 |
|
June 30, 2016 |
|
June 30, 2015 |
|
|
|
|
|
|
|
|
|
GAAP net loss |
|
$ |
(3,468 |
) |
|
$ |
(7,369 |
) |
|
$ |
(8,379 |
) |
|
$ |
(16,272 |
) |
Non-GAAP
adjustments: |
|
|
|
|
|
|
|
|
Stock-based compensation |
|
2,414 |
|
|
1,830 |
|
|
4,408 |
|
|
4,065 |
|
Intangibles amortization |
|
128 |
|
|
128 |
|
|
256 |
|
|
256 |
|
Amortization of debt discount |
|
87 |
|
|
87 |
|
|
178 |
|
|
171 |
|
Out of period adjustment for sales
tax liability (G&A) |
|
— |
|
|
190 |
|
|
— |
|
|
765 |
|
Non-GAAP net loss |
|
$ |
(839 |
) |
|
$ |
(5,134 |
) |
|
$ |
(3,537 |
) |
|
$ |
(11,015 |
) |
|
|
|
|
|
|
|
|
|
GAAP net loss per
share: |
|
|
|
|
|
|
|
|
Basic and diluted |
|
$ |
(0.07 |
) |
|
$ |
(0.15 |
) |
|
$ |
(0.16 |
) |
|
$ |
(0.33 |
) |
Non-GAAP net loss per
share: |
|
|
|
|
|
|
|
|
Basic and diluted |
|
$ |
(0.02 |
) |
|
$ |
(0.10 |
) |
|
$ |
(0.07 |
) |
|
$ |
(0.22 |
) |
Shares used in
computing GAAP and non-GAAP net loss per share: |
|
|
|
|
|
|
|
|
Basic and diluted |
|
52,143 |
|
|
49,980 |
|
|
51,760 |
|
|
49,708 |
|
SUMMARY OF STOCK-BASED COMPENSATION,
DEPRECIATION AND INTANGIBLES AMORTIZATION |
(Unaudited, in thousands) |
|
|
|
Three Months Ended |
|
|
June 30, 2016 |
|
June 30, 2015 |
|
|
Stock-Based Compensation |
|
Depreciation |
|
Intangibles Amortization |
|
Stock-Based Compensation |
|
Depreciation |
|
Intangibles Amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenue |
|
$ |
329 |
|
|
$ |
1,528 |
|
|
$ |
88 |
|
|
$ |
218 |
|
|
$ |
1,470 |
|
|
$ |
88 |
|
Research and
development |
|
528 |
|
|
161 |
|
|
— |
|
|
340 |
|
|
102 |
|
|
— |
|
Sales and
marketing |
|
544 |
|
|
26 |
|
|
28 |
|
|
458 |
|
|
23 |
|
|
28 |
|
General and
administrative |
|
1,013 |
|
|
217 |
|
|
12 |
|
|
814 |
|
|
187 |
|
|
12 |
|
Total |
|
$ |
2,414 |
|
|
$ |
1,932 |
|
|
$ |
128 |
|
|
$ |
1,830 |
|
|
$ |
1,782 |
|
|
$ |
128 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended |
|
|
June 30, 2016 |
|
June 30, 2015 |
|
|
Stock-Based Compensation |
|
Depreciation |
|
Intangibles Amortization |
|
Stock-Based Compensation |
|
Depreciation |
|
Intangibles Amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenue |
|
$ |
594 |
|
|
$ |
3,120 |
|
|
$ |
176 |
|
|
$ |
406 |
|
|
$ |
2,821 |
|
|
$ |
176 |
|
Research and
development |
|
963 |
|
|
309 |
|
|
— |
|
|
914 |
|
|
189 |
|
|
— |
|
Sales and
marketing |
|
978 |
|
|
51 |
|
|
56 |
|
|
982 |
|
|
44 |
|
|
56 |
|
General and
administrative |
|
1,873 |
|
|
427 |
|
|
24 |
|
|
1,763 |
|
|
375 |
|
|
24 |
|
Total |
|
$ |
4,408 |
|
|
$ |
3,907 |
|
|
$ |
256 |
|
|
$ |
4,065 |
|
|
$ |
3,429 |
|
|
$ |
256 |
|
FIVE9, INC. |
RECONCILIATION OF GAAP NET LOSS TO NON-GAAP
NET LOSS – GUIDANCE |
(Unaudited, in thousands, except per share data) |
|
|
|
Three Months Ending |
|
Year Ending |
|
|
September 30, 2016 |
|
December 31, 2016 |
|
|
Low |
|
High |
|
Low |
|
High |
|
|
|
|
|
|
|
|
|
GAAP net loss |
|
$ |
(5,909 |
) |
|
$ |
(6,909 |
) |
|
$ |
(17,763 |
) |
|
$ |
(19,763 |
) |
Non-GAAP
adjustments: |
|
|
|
|
|
|
|
|
Stock-based compensation |
|
2,499 |
|
|
2,499 |
|
|
9,486 |
|
|
9,486 |
|
Intangibles amortization |
|
128 |
|
|
128 |
|
|
500 |
|
|
500 |
|
Amortization of debt discount and
estimated write-off related to refinancing |
|
1,082 |
|
|
1,082 |
|
|
1,277 |
|
|
1,277 |
|
Non-GAAP net loss |
|
$ |
(2,200 |
) |
|
$ |
(3,200 |
) |
|
$ |
(6,500 |
) |
|
$ |
(8,500 |
) |
GAAP net loss per
share, basic and diluted |
|
$ |
(0.11 |
) |
|
$ |
(0.13 |
) |
|
$ |
(0.34 |
) |
|
$ |
(0.38 |
) |
Non-GAAP net loss per
share, basic and diluted |
|
$ |
(0.04 |
) |
|
$ |
(0.06 |
) |
|
$ |
(0.12 |
) |
|
$ |
(0.16 |
) |
Shares used in
computing GAAP and non-GAAP net loss per share: |
|
|
|
|
|
|
|
|
Basic and diluted |
|
52,617 |
|
|
52,617 |
|
|
52,115 |
|
|
52,115 |
|
Investor Relations Contact:
Five9, Inc.
Barry Zwarenstein
Chief Financial Officer
925-201-2000 ext. 5959
IR@five9.com
The Blueshirt Group for Five9, Inc.
Lisa Laukkanen
415-217-4967
Lisa@blueshirtgroup.com
Tony Righetti
415-489-2186
Tony@blueshirtgroup.com
Five9 (NASDAQ:FIVN)
Gráfico Histórico do Ativo
De Set 2024 até Out 2024
Five9 (NASDAQ:FIVN)
Gráfico Histórico do Ativo
De Out 2023 até Out 2024