NASDAQ$EGAN
eGain Corp · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
eGain's Q1 2024 results showed improved profitability and operating cash flow.
eGain reported Q1 2024 financial results with revenue of $24.2 million, a GAAP net income of $2.6 million, and a non-GAAP net income of $3.8 million. The company's operating cash flow was $8.1 million, representing a 34% margin. eGain also extended its stock repurchase program.
- Total revenue was $24.2 million, a decrease of 2% year-over-year.
- GAAP net income increased to $2.6 million, or $0.08 per share, compared to a net loss of $16,000, or $0.00 per share in Q1 2023.
- Non-GAAP net income rose to $3.8 million, or $0.12 per share, up from $2.0 million, or $0.06 per share in Q1 2023.
- Cash provided by operations was $8.1 million, resulting in an operating cash flow margin of 34%.
Headline financials
Revenue & EPS history
eGain · Revenue · Quarterly
$24.2M
Revenue by segment
eGain · $1.85M total across 1 segment · Q1 2024
- Professional services$1.85M+0.7%100.0%
Forward guidance
For the second quarter of fiscal 2024, eGain anticipates total revenue between $23.0 million and $23.6 million, GAAP net income of $800,000 to $1.4 million, and non-GAAP net income of $2.3 million to $2.9 million. For the full fiscal year 2024, eGain expects total revenue between $96.0 million and $98.0 million, GAAP net income of $6.6 million to $7.1 million, and non-GAAP net income of $12.1 million to $12.6 million.
Tailwinds
- Total revenue is expected to be between $23.0 million to $23.6 million.
- GAAP net income is projected to be between $800,000 to $1.4 million, or $0.03 to $0.04 per share.
- Non-GAAP net income is anticipated to be between $2.3 million to $2.9 million, or $0.07 to $0.09 per share.
- Full year total revenue is projected to be between $96.0 million to $98.0 million.
- Full year GAAP net income is expected to be between $6.6 million to $7.1 million, or $0.20 to $0.22 per share.
Headwinds
- Second quarter guidance includes stock-based compensation expense of approximately $1.5 million.
- Second quarter guidance includes depreciation and amortization of approximately $125,000.
- Full year guidance includes stock-based compensation expense of approximately $5.5 million.
- Full year guidance includes depreciation and amortization of approximately $500,000.
- Weighted average shares outstanding are expected to be approximately 31.6 million for the second quarter of fiscal 2024.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2024
+0.4%
Avg return
Earnings day
+0.7%
Avg return
5 days after
+4.2%
Avg return
30 days after
48%
31 / 65 earnings
Positive
+42.9%
Q2 2019
Best reaction
-33.0%
Q4 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | +3.6% | +4.5% | +10.7% | |
| Q2 2026 | +1.6% | +4.6% | +0.2% | |
| Q1 2026 | -24.9% | -27.5% | -31.5% | |
| Q4 2025 | +4.5% | +27.7% | +60.8% | |
| Q3 2025 | +4.0% | +3.0% | +18.2% | |
| Q2 2025 | -18.2% | -16.6% | -24.1% | |
| Q1 2025 | -7.9% | -10.1% | -3.1% | |
| Q4 2024 | -14.5% | -21.7% | -23.3% | |
| Q3 2024 | -9.4% | -2.3% | -7.8% | |
| Q2 2024 | -24.3% | -25.7% | -19.8% | |
| Q1 2024 | +9.2% | +10.2% | +25.8% | |
| Q4 2023 | -4.4% | +4.6% | +0.2% | |
| Q3 2023 | -4.8% | -6.5% | +5.3% | |
| Q2 2023 | -10.1% | -9.2% | -14.4% | |
| Q1 2023 | +16.4% | +9.2% | +9.5% | |
| Q4 2022 | -14.3% | -13.0% | -16.4% | |
| Q3 2022 | -4.9% | -5.2% | -13.9% | |
| Q2 2022 | +25.4% | +20.3% | +13.7% | |
| Q1 2022 | +8.8% | +6.3% | -3.5% | |
| Q4 2021 | +4.1% | +2.5% | -9.2% | |
| Q3 2021 | +15.5% | +21.3% | +21.7% | |
| Q2 2021 | +8.4% | +3.7% | -13.0% | |
| Q1 2021 | -25.7% | -30.2% | -31.0% | |
| Q4 2020 | -12.1% | -17.2% | -1.1% | |
| Q3 2020 | +21.4% | +17.5% | +19.0% | |
| Q2 2020 | +15.2% | +34.8% | +6.2% | |
| Q1 2020 | -1.5% | -6.4% | -3.7% | |
| Q4 2019 | +9.7% | +15.0% | +3.6% | |
| Q3 2019 | -11.4% | -17.4% | -17.1% | |
| Q2 2019 | +42.9% | +49.3% | +50.3% | |
| Q1 2019 | +2.8% | -6.5% | -15.9% | |
| Q4 2018 | -33.0% | -38.3% | -40.2% | |
| Q3 2018 | +18.5% | +18.0% | +51.7% | |
| Q2 2018 | +9.8% | +31.4% | +52.9% | |
| Q1 2018 | +12.7% | +16.9% | +57.6% | |
| Q4 2017 | +21.6% | +13.5% | +89.2% | |
| Q3 2017 | +0.0% | -5.9% | -8.8% | |
| Q2 2017 | -2.4% | -2.4% | -11.9% | |
| Q1 2017 | -3.6% | -12.5% | -21.4% | |
| Q4 2016 | -3.9% | -10.9% | +1.3% | |
| Q3 2016 | -10.3% | — | — | |
| Q2 2016 | -1.0% | — | — | |
| Q1 2016 | -3.8% | — | — | |
| Q4 2015 | -8.6% | — | — | |
| Q3 2015 | +0.6% | — | — | |
| Q2 2015 | -23.6% | — | — | |
| Q1 2015 | +20.7% | — | — | |
| Q4 2014 | -2.3% | — | — | |
| Q3 2014 | -9.9% | — | — | |
| Q2 2014 | -10.6% | — | — | |
| Q1 2014 | -9.3% | — | — | |
| Q4 2013 | +23.1% | — | — | |
| Q3 2013 | +1.1% | — | — | |
| Q2 2013 | -1.7% | — | — | |
| Q1 2013 | +1.5% | — | — | |
| Q4 2010 | -1.3% | — | — | |
| Q4 2012 | -2.9% | — | — | |
| Q3 2012 | -3.1% | — | — | |
| Q3 2011 | -3.1% | — | — | |
| Q2 2011 | +0.8% | — | — | |
| Q2 2012 | +0.8% | — | — | |
| Q1 2012 | +8.3% | — | — | |
| Q4 2011 | +8.3% | — | — | |
| Q1 2011 | +8.3% | — | — | |
| Q3 2010 | +16.9% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro