The dual chat systems company
Liveperson
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The dual published its financial reports that reflect deepening losses in the bottom line and continued growth in revenues.
The company reports revenues of 132.6 compared to analysts’ expectations for revenues of 133 million dollars, a growth of 11% compared to the corresponding quarter. Analysts expected a loss per share of 19 cents, while the company reported a much larger loss of 98 cents per share.
EBITDA on a non-gap basis was a loss of $5.5 million compared to a profit of $3.4 million last year. The company’s coffers have cash and cash equivalents of $425 million compared to $521 million at the end of December.
Regarding the third quarter, the company expects revenues in the range of 120.5 to 123.6 million dollars, reflecting a modest growth of 1.8% to 4.5%. Adjusted EBITDA of between 0 and 4.3 million dollars. For the entire year, the company lowered the forecast and now expects revenues of 507.1 to 518.3 million dollars compared to a forecast of 544.8 to 563.3 million dollars in the previous forecast. At the same time, the company does not change the annual EBITDA forecast and it will be in the company’s estimation of one million to 10 million dollars, as in the previous forecast.
In the last eight reports, Liveperson tends to beat the forecasts, but the performance of the stock after reports has not been good, with four times out of the last four reports the stock has declined significantly, with an average of 10% declines. Even now the stock reacts with sharp declines. Liveperson trades at a market capitalization of $1.24 billion, after a 73% decline in the past year.
Liveperson is a dual software company that develops digital platforms for communication between customers and brands. The company helps companies to digitally transform their service centers using advanced artificial intelligence and machine learning technologies. Liveperson’s technology is fully based on cloud computing and software as a service (SAAS)
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