NASDAQ$EGAN

eGain Corp · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

eGain delivered solid results with healthy SaaS revenue growth and expanding gross margins.

eGain reported a 15% increase in SaaS revenue, reaching $16.2 million, and a 6% increase in total revenue, amounting to $19.2 million for the fiscal 2021 second quarter. The company's SaaS logo wins doubled year-over-year for the second consecutive quarter, and subscription gross margin improved to 82%.

  • SaaS revenue increased by 15% year-over-year, reaching $16.2 million.
  • Total revenue grew by 6% year-over-year to $19.2 million.
  • Subscription gross margin improved to 82%, up 400 basis points year-over-year.
  • GAAP net income was $1.6 million, or $0.05 per diluted share.

Headline financials

Total Revenue

$19.2M

Previous: $18.2M+5.9%
EPS (adj)

$0.06

Previous: $0.08-25.0%
Capital Expenditures

-$317K

Previous: -$125K-153.6%
Free Cash Flow

$1.29M

Previous: $1.85M-30.2%
Net Income

$1.61M

Previous: $1.97M-18.6%
Operating Income

$1.9M

Previous: $2M-5.3%
Gross Profit

$14.5M

Previous: $12.9M+12.5%
Cash & Equivalents

$54.2M

Previous: $40.3M+34.5%
Total Assets

$94M

Previous: $78.8M+19.3%
Stock-Based Comp

$426K

Previous: $482K-11.6%

Revenue & EPS history

eGain · Revenue · Quarterly

$19.2M

Q2 2021+5.9%vs Q2 2020
Beat estimate in 7 of 11 quarters(64%)
ActualEstimate

Revenue by segment

eGain · $1.53M total across 1 segment · Q2 2021

  • Professional services
    $1.53M-15.3%

Forward guidance

For the third quarter of fiscal 2021 ending March 31, 2021, eGain expects SaaS revenue of between $15.8 million to $16.3 million and total revenue of between $18.3 million to $18.8 million.

Tailwinds

  • SaaS revenue of between $15.8 million to $16.3 million
  • Total revenue of between $18.3 million to $18.8 million

Headwinds

  • GAAP net loss of $500,000 to $1.5 million, or $(0.02) to $(0.05) per share.
  • Non-GAAP net loss of breakeven to $1.0 million, or $0.00 per basic share to $(0.03) per share.
  • Includes an expected $300,000 sequential decline in SaaS revenue due to fewer days in the fiscal third quarter than in the second quarter.
  • Includes an expected $400,000 sequential decline in SaaS revenue due to seasonal volume increases in the second quarter that are not expected to repeat in the fiscal third quarter.
  • Includes stock-based compensation expense of approximately $500,000.

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 Q2 2021

Historical avgQ2 2021

+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

Earnings price reactions
QuarterReport dateReaction (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%

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