EGAIN CORPORATION Reports Positive Earnings for Fourth Quarter of FY2023
September 20, 2023
☀️Earnings Overview
On September 14, 2023, EGAIN CORPORATION ($NASDAQ:EGAN) announced their financial results for the fourth quarter ended June 30, 2023. The company reported total revenue of USD 24.6 million, a 4.9% year-over-year increase. Net income was USD 2.6 million, compared to a net loss of -1.6 million from the same quarter the previous year.
Stock Price
On Thursday, EGAIN CORPORATION reported positive earnings for the fourth quarter of FY2023, sending its stock soaring. When markets opened, shares of EGAIN CORPORATION opened at $6.2 and closed at $6.3, up by 3.6% from the previous closing price of $6.1. The stock experienced a positive reaction to the news, with investors flocking to buy shares of the company. The positive earnings report was driven by an increase in revenue and profitability in the fourth quarter.
Additionally, EGAIN CORPORATION’s operating margin increased by 2%, demonstrating the efficiency of their operations and their commitment to cost savings. The company’s strong performance has provided investors with confidence in the company’s future success. With a strong balance sheet and diversified portfolio of services, the company is well-positioned to continue to deliver positive results into the foreseeable future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Egain Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 98.01 | 2.11 | 2.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Egain Corporation. More…
| Operations | Investing | Financing |
| 4.62 | -0.29 | -4.08 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Egain Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 130.12 | 68.42 | 1.94 |
Key Ratios Snapshot
Some of the financial key ratios for Egain Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.5% | -42.8% | 1.4% |
| FCF Margin | ROE | ROA |
| 4.4% | 1.4% | 0.7% |
Analysis
GoodWhale conducted an analysis of EGAIN CORPORATION‘s fundamentals, and the results yielded a classification of ‘rhino’ on the Star Chart. We believe this classification indicates that the company has achieved moderate revenue or earnings growth. In terms of financials, the company appears to be strong in assets and profitability, and medium in growth and weak in dividend. Therefore, long-term investors seeking a company with asset and profitability strength might consider EGAIN CORPORATION as a viable option. More…
Peers
The competition in the customer engagement and customer experience management software market is heating up. eGain Corp is up against some stiff competition from the likes of Kaleyra Inc, Eagle Eye Solutions Group PLC, and ATTRAQT Group PLC. All of these companies are vying for a piece of the pie in this growing market.
– Kaleyra Inc ($NYSE:KLR)
Kaleyra Inc is a provider of mobile communications solutions. The company has a market cap of $37.92 million and a return on equity of -19.13%. The company offers a suite of mobile communications solutions that enable businesses to interact with their customers. The company’s solutions include SMS messaging, voice messaging, and mobile marketing solutions. The company serves customers in a variety of industries, including banking, healthcare, retail, and telecommunications.
– Eagle Eye Solutions Group PLC ($LSE:EYE)
Eagle Eye Solutions Group PLC is a provider of cloud-based software solutions that help businesses to manage their customer data. The company has a market cap of 151.94M as of 2022 and a Return on Equity of 6.37%. Eagle Eye’s solutions are used by businesses of all sizes, from small businesses to large enterprises. The company’s products are designed to help businesses manage customer data, improve customer engagement, and increase sales and profitability. Eagle Eye’s products are used by businesses in a variety of industries, including retail, ecommerce, travel, and hospitality.
– ATTRAQT Group PLC ($LSE:ATQT)
ATTRACT Group PLC is a holding company that owns and operates a number of businesses in the United Kingdom. The company’s businesses include a range of shopping, travel, and financial services businesses. The company’s shopping businesses include a number of high street retail brands, such as Argos, Currys, and PC World. The company’s travel businesses include a number of holiday and travel companies, such as Thomas Cook and First Choice. The company’s financial services businesses include a number of insurance and investment companies.
Summary
EGAIN CORPORATION‘s earnings results for the fourth quarter of FY2023 have been encouraging, with total revenue reaching USD 24.6 million, and net income coming in at USD 2.6 million. This is a year-on-year increase of 4.9% and an improvement from a negative figure of -1.6 million the previous year. As a result, the company’s stock price has risen in response to the positive news. Investors may wish to consider EGAIN CORPORATION as a potential investment opportunity, given its strong financial performance and encouraging outlook.
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