LivePerson Inc

NASDAQ:LPSNUnited States

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• -- Earnings Flash (LPSN) LIVEPERSON Reports Q1 Revenue $85.1M, vs. Street Est of $80.7M, from 18 minutes ago by MT Newswires

  18 minutes ago by MT Newswires
  Companies Mentioned: LPSN
  04:35 PM EDT, 05/08/2024 (MT Newswires) -- ...

• LivePerson Announces First Quarter 2024 Financial Results, from 23 minutes ago by PR Newswire

  23 minutes ago by PR Newswire
  Companies Mentioned: LPSN

  Total Revenue of $85.1M, above the high-end of our guidance range --

  Adjusted EBITDA above the midpoint of our guidance range --

  LivePerson, Inc. (NASDAQ: LPSN) ("LivePerson" the "Company", "we" or "us"), the enterprise leader in digital customer conversations, today announced financial results for the first quarter ended March31, 2024.

• LivePerson Announces First Quarter 2024 Financial Results, from 24 minutes ago by Dow Jones

  24 minutes ago by Dow Jones
  Companies Mentioned: LPSN
  other assets 2,221 -- Leadership transition costs 1,389 -- Working capital adjustment - Kasamba divestiture 1,776 -- Contingent earn-out adjustments -- 1,709 Acquisition and divestiture costs 42 2,203 Stock-based compensation expense 7,558 11,332 Provision for income taxes 362 1,214 IT transformation costs (3) 708 -- Interest income, net (1,332) (1,801) Gain on divestiture -- (17,591) Other expense (income), net (4) 237 (16,371) -------------------- ------------------ Adjusted EBITDA (loss) $ 477 $ (1,291) ==================== ================== Reconciliation of Adjusted Operating Loss Loss before provision for income taxes (35,269) (16,206) Add/(less): Other litigation, consulting and other employee costs (1) 3,769 11,122 Amortization of purchased intangibles and finance leases 4,217 5,435 Restructuring costs (2) 3,309 11,515 Impairment of goodwill 3,627 -- Impairment of intangible and other assets 2,221 -- Leadership transition costs 1,389 -- Working capital adjustment - Kasamba divestiture 1,776 -- Contingent earn-out adjustments -- 1,709 Acquisition and divestiture costs 42 2,203 Stock-based compensation expense 7,558 11,332 IT transformation costs (3) 708 -- Interest income, net (1,332) (1,801) Gain on divestiture -- (17,591) Other expense (income), net (4) 237 (16,371) -------------------- ------------------ Adjusted operating loss $ (7,748) $ (8,653) ==================== ================== (1) Includes litigation costs of $3.0 million, consulting costs of $0.6 million and accrued expenses and fees of $0.1 million for the three months ended March 31, 2024. Includes litigation costs of $9.5 million, accrued expenses and fees of $1.4 million and consulting costs of $0.2 million for the three months ended March 31, 2023. (2) Includes IT contract termination cost of $0.7 million and severance costs and other compensation related costs of $2.6 million for the three months ended March 31, 2024. Includes severance costs and other compensation related costs of $11.5 million for the three months ended March 31, 2023. (3) Includes $0.7 million IT infrastructure realignment costs related to consolidating and migrating data centers to the cloud. (4) Includes $10.0 million of other income related to the litigation settlement and $6.1 million of gain related to convertible senior notes repurchases for the three months ended March 31, 2023. The remaining amount of other expense (income), net fluctuation is attributable to currency rate fluctuations for the three months ended March 31, 2023. Three Months Ended March 31, ---------------------------------------- 2024 2023 ------------------- ------------------- Calculation of Free Cash Flow: Net cash provided by (used in) operating activities $ 1,099 $ (5,918) Purchases of property and equipment, including capitalized software (11,501) (9,625) ------------------- ------------------- Total free cash flow $ (10,402) $ (15,543) =================== =================== LivePerson, Inc. Condensed Consolidated Balance Sheets (In Thousands) Unaudited March 31, December 31, 2024 2023 ----------------- ----------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ 127,057 $ 210,782 Restricted cash 1,960 2,143 Accounts receivable, net of allowance for credit losses 71,365 81,802 Prepaid expenses and other current assets 20,954 26,981 ----------------- ----------------- Total current assets 221,336 321,708 Operating lease right-of-use assets 3,431 4,135 Property and equipment, net 117,893 119,325 Contract acquisition costs, net 39,326 37,354 Intangible assets, net 56,009 61,625 Goodwill 280,956 285,631 Deferred tax assets 4,473 4,527 Other assets 1,264 1,208 ----------------- ----------------- Total assets $ 724,688 $ 835,513 ================= ================= LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 14,528 $ 13,555 Accrued expenses and other current liabilities 75,506 97,024 Deferred revenue 92,414 81,858 Convertible senior notes -- 72,393 Operating lease liabilities 2,632 2,719 ----------------- ----------------- Total current liabilities 185,080 267,549 Convertible senior notes, net of current portion 512,076 511,565 Operating lease liabilities, net of current portion 1,466 2,173 Deferred tax liabilities 3,002 2,930 Other liabilities 3,881 3,158 ----------------- ----------------- Total liabilities 705,505 787,375 Total stockholders' equity 19,183 48,138 ----------------- ----------------- Total liabilities and stockholders' equity $ 724,688 $ 835,513 ================= =================
  

• *DJ LivePerson 1Q Loss/Shr 40c >LPSN, from 24 minutes ago by Dow Jones

  24 minutes ago by Dow Jones
  Companies Mentioned: LPSN