NASDAQ$EGAN

eGain Corp · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

eGain's profitability grew, and new logos increased due to the AssistGPT AI offering.

eGain reported a GAAP net income of $2.2 million, or $0.07 per share, and a non-GAAP net income of $3.4 million, or $0.11 per share. Total revenue was $23.8 million, down 7% year over year.

  • Total revenue was $23.8 million, down 7% year over year.
  • GAAP net income was $2.2 million, or $0.07 per share, up from a GAAP net loss of $104,000 in Q2 2023.
  • Non-GAAP net income was $3.4 million, or $0.11 per share, up from a non-GAAP net income of $1.7 million in Q2 2023.
  • Total cash and cash equivalents were $86.8 million, up from $79.8 million in Q1 2024.

Headline financials

Total Revenue

$23.8M

Previous: $25.6M-7.0%
EPS

$0.07

Previous: $0.05+40.0%
Sales and marketing expense

$5.35M

No prior period
General and administrative expense

$2.39M

No prior period
Stock-based compensation expense

$1.2M

No prior period
Research and development expense

$6.66M

No prior period
Capital Expenditures

-$135K

Previous: -$293K+53.9%
Free Cash Flow

$2.05M

Previous: -$397K+616.4%
Net Income

$2.19M

Previous: -$104K+2201.0%
Operating Income

$2.43M

Previous: $213K+1038.5%
Gross Profit

$16.8M

Previous: $18.8M-10.7%
R&D Expense

$6.66M

No prior period
Stock-Based Comp

$1.2M

No prior period

Revenue & EPS history

eGain · Revenue · Quarterly

$23.8M

Q2 2024-7%vs Q2 2023
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

eGain · $22.5M total across 2 segments · Q3 2026

  • SaaS
    $20.9M
  • Professional services
    $1.58M

Forward guidance

For the third quarter of fiscal 2024, eGain expects total revenue between $22.6 million and $23.0 million, GAAP net income between $400,000 and $1.0 million, and non-GAAP net income between $1.6 million and $2.2 million.

Tailwinds

  • Total revenue of between $22.6 million to $23.0 million.
  • GAAP net income of $400,000 to $1.0 million, or $0.01 to $0.03 per share.
  • Includes stock-based compensation expense of approximately $1.2 million.
  • Includes depreciation and amortization of approximately $100,000.
  • Non-GAAP net income of $1.6 million to $2.2 million, or $0.05 to $0.07 per share.

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 2024

Historical avgQ2 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

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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