NASDAQ$LPSN

LivePerson Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

LivePerson announced Q4 2021 financial results, with revenue growth and strategic advancements.

LivePerson reported a 21% year-over-year increase in Q4 revenue, reaching $123.8 million. The company signed seven seven-figure deals and 107 deals in total. Net loss for the quarter was $49.9 million, or $0.70 per share, while adjusted EBITDA was $(4.4) million. They expect 2022 to mark the next leg of our strategy to drive profitable growth within our core, our new voice AI capabilities, and our expansion into the space of AI assisted healthcare.

  • Q4 revenue increased by 21% year-over-year to $123.8 million.
  • Signed seven seven-figure deals and 107 deals in total during the quarter.
  • Trailing-twelve-months average revenue per enterprise and mid-market customer increased 31% to $610,000.
  • Q4 automated messaging growth of 44% year-over-year.

Headline financials

Total Revenue

$124M

Previous: $102M+21.2%
EPS (adj)

-$0.62

Previous: -$0.20-210.0%
Adjusted EBITDA

-$4.4M

Previous: $18.2M-124.2%
Capital Expenditures

$11.9M

Previous: $8.74M+36.0%
Free Cash Flow

-$44.3M

Previous: -$12.8M-246.3%
Net Income

-$49.9M

Previous: -$13.3M-274.8%
Operating Income

-$45.3M

Previous: -$6.67M-578.9%
Gross Profit

$79.3M

Previous: $74.1M+7.0%
Cash & Equivalents

$522M

Previous: $654M-20.2%
Total Assets

$1.19B

Previous: $1.01B+17.9%
Stock-Based Comp

$21.7M

Previous: $19.8M+9.7%

Revenue & EPS history

LivePerson · Revenue · Quarterly

$124M

Q4 2021+21.2%vs Q4 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

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

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

Forward guidance

The Company is issuing a 2022 revenue guidance range of $544.8 million to $563.3 million, or 16.0% to 20.0% growth year-over-year. The revenue guidance range for the first quarter is $124.6 million to $126.8 million, or 15.5% to 17.5% growth year-over-year. The Company is also issuing a 2022 adjusted EBITDA guidance range of $(20.0) million to $0.0 million, or a (3.7)% to 0.0% adjusted EBITDA margin, a non-GAAP financial metric. The Company is guiding for first quarter adjusted EBITDA in a range of $(26.1) million to $(21.8) million or a (20.9)% to (17.2)% adjusted EBITDA margin.

Tailwinds

  • 2022 revenue guidance range of $544.8 million to $563.3 million, or 16.0% to 20.0% growth year-over-year.
  • First quarter revenue guidance range is $124.6 million to $126.8 million, or 15.5% to 17.5% growth year-over-year.
  • Guiding for first quarter adjusted EBITDA in a range of $(26.1) million to $(21.8) million
  • Guiding to non-GAAP gross margin of 67% to 70% for the full year 2022
  • Guiding to non-GAAP gross margin of 65% to 66% for the first quarter of 2022.

Headwinds

  • 2022 adjusted EBITDA guidance range of $(20.0) million to $0.0 million
  • First quarter adjusted EBITDA in a range of $(26.1) million to $(21.8) million
  • Evolving macroeconomic environment
  • Shifts in consumer shopping behavior in our Gainshare business
  • Government policy on COVID-19 testing

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 Q4 2021

Historical avgQ4 2021

-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%

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