NASDAQ$LPSN

LivePerson Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Announced first quarter 2020 financial results, meeting guidance for 18% year-over-year revenue growth despite a difficult environment.

LivePerson's total revenue for the first quarter of 2020 was $78.1 million, an 18% increase compared to the same period last year. The company signed 130 deals, a 10% year-over-year increase. They are widening their revenue guidance range for 2020 to $340 million to $355 million and increasing adjusted EBITDA guidance to a range of $3.5 million to $10.5 million.

  • Total revenue increased by 18% year-over-year to $78.1 million.
  • Business operations revenue increased 18% year-over-year to $71.8 million.
  • Signed 130 deals in the first quarter, a 10% year-over-year increase.
  • Trailing-twelve-months average revenue per enterprise and mid-market customer increased greater than 20% to $365000.

Headline financials

Total Revenue

$78.1M

Previous: $66.4M+17.6%
EPS (adj)

-$0.41

Previous: -$0.25-64.0%
Capital Expenditures

$10.8M

Previous: $8.34M+29.6%
Free Cash Flow

-$6.51M

Previous: -$18.9M+65.5%
Net Income

-$37M

Previous: -$18.9M-95.9%
Operating Income

-$33.2M

Previous: -$18.4M-80.8%
Gross Profit

$55.3M

Previous: $47.8M+15.7%
Cash & Equivalents

$171M

Previous: $238M-27.9%
Total Assets

$489M

Previous: $492M-0.6%
Stock-Based Comp

$14.7M

Previous: $7.17M+105.1%

Revenue & EPS history

LivePerson · Revenue · Quarterly

$78.1M

Q1 2020+17.6%vs Q1 2019
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

LivePerson · $101M total across 2 segments · Q3 2023

  • Hosted services
    $85.7M
  • Professional services
    $15.6M

Forward guidance

LivePerson expects second quarter revenue in a range of $83.0 million to $85.0 million, up 17% to 20% year over year. The updated revenue range of $340 million to $355 million calls for 17% to 22% growth in 2020. They are increasing guidance for 2020 adjusted EBITDA to a range of $3.5 million to $10.5 million.

Tailwinds

  • Elevated usage trends in our business
  • Ramping partner activity
  • Broad-ranging discussions with our customers
  • Focus on internal automation
  • Captured efficiencies

Headwinds

  • Macro risks stemming from the Coronavirus pandemic that can impact our sales cycles
  • Macro risks stemming from the Coronavirus pandemic that can impact customer attrition
  • Uncertainties of the current macro environment
  • Global economy is difficult to predict
  • Potential fluctuations in quarterly revenue

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-1.7%

Avg return

Earnings day

-1.7%

Avg return

5 days after

-3.8%

Avg return

30 days after

35%

22 / 62 earnings

Positive

+43.3%

Q1 2020

Best reaction

-56.4%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.9%-19.5%-21.1%
Q4 2025-1.1%-1.5%+1.9%
Q3 2025+12.4%-2.9%+1.3%
Q1 2025+8.1%+12.8%+0.0%
Q4 2024-16.0%-22.7%-38.2%
Q3 2024-25.7%-27.4%-23.1%
Q2 2024-11.6%-10.9%-4.7%
Q1 2024-2.0%+11.9%+10.2%
Q4 2023-50.6%-51.0%-61.1%
Q3 2023-9.0%-7.7%+15.0%
Q2 2023+18.2%+26.4%-1.2%
Q1 2023+27.9%+0.7%-17.4%
Q4 2022-56.4%-60.1%-44.1%
Q3 2022+20.4%+34.7%+12.0%
Q2 2022-17.8%-11.1%-26.5%
Q1 2022-5.4%-6.3%-14.1%
Q4 2021-20.7%+3.0%+4.7%
Q3 2021-5.3%-6.7%-32.3%
Q2 2021-2.5%-3.3%+3.7%
Q1 2021-3.1%-3.5%+1.2%
Q4 2020+9.1%+7.6%-13.5%
Q3 2020-5.5%-3.8%+2.4%
Q2 2020+24.0%+27.1%+17.6%
Q1 2020+43.3%+44.5%+47.6%
Q4 2019-23.3%-26.3%-53.3%
Q3 2019-16.3%-16.1%-9.8%
Q2 2019+3.6%-1.7%+21.9%
Q1 2019-0.8%-0.7%-3.2%
Q4 2018+4.3%+8.9%+7.4%
Q3 2018-7.5%-11.0%-16.7%
Q2 2018+3.9%+3.9%+15.9%
Q1 2018+8.4%+9.3%+17.5%
Q4 2017+15.3%+14.5%+21.3%
Q3 2017-17.9%-16.4%-21.4%
Q2 2017+17.9%+18.3%+11.8%
Q1 2017+22.6%+27.7%+41.5%
Q4 2016-0.7%+4.3%-4.3%
Q3 2016-3.0%+1.2%+0.0%
Q2 2016-15.0%-11.3%+4.4%
Q1 2016-3.5%
Q4 2015-18.8%
Q3 2015-7.9%
Q2 2015+12.3%
Q1 2015-10.3%
Q4 2014-1.1%
Q3 2014+0.7%
Q2 2014+21.8%
Q1 2014-3.0%
Q4 2013-8.0%
Q3 2013+20.8%
Q2 2013+0.7%
Q4 2012-6.1%
Q3 2012-12.5%
Q1 2011+7.7%
Q1 2012+2.1%
Q4 2009-0.4%
Q4 2011-0.4%
Q3 2010-4.2%
Q3 2011-4.2%
Q2 2010-3.5%
Q2 2011-3.5%
Q4 2010-3.5%

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