EGAIN CORPORATION Reports Robust Earnings Results for FY2023 Q4 as of June 30 2023
September 17, 2023
☀️Earnings Overview
Egain Corporation ($NASDAQ:EGAN) reported its FY2023 fourth-quarter earnings results on September 14 2023. Revenue for the quarter was USD 24.6 million, representing a 4.9% increase from the same period in the prior year. Furthermore, net income was reported to be USD 2.6 million, compared to a net loss of -1.6 million in the same time frame a year earlier.
Stock Price
On Thursday, EGAIN CORPORATION reported robust earnings results for its fiscal year 2023 fourth quarter ending on June 30, 2023. The company’s stock opened at $6.2 and closed at $6.3, representing a 3.6% increase from its prior closing price of $6.1.
Additionally, the company reported that it had launched seven new products in the quarter, further expanding its product portfolio and adding to its robust earnings results. Overall, EGAIN CORPORATION reported a successful fourth quarter and fiscal year 2023, setting a strong foundation for future growth and success. The company’s robust earnings results, combined with its strong revenue growth, increased customer operations, and expanded product portfolio are all signs of positive future performance for EGAIN CORPORATION. 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
We at GoodWhale have conducted an analysis of EGAIN CORPORATION‘s wellbeing, classifying them as a ‘rhino’ – a type of company we deem as having achieved moderate revenue or earnings growth. Our analysis indicates that the company has a high health score of 9/10 with regard to its cashflows and debt, suggesting that it is capable to sustain future operations in times of crisis. Further, EGAIN CORPORATION is strong in asset, profitability, and medium in growth; however, it is weak in dividend. From these results, we believe that value investors would likely be interested in EGAIN CORPORATION as they can expect modest returns from the company. On the other hand, growth investors may prefer to look elsewhere for higher returns. 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 financial results for FY2023 Q4 have been positive, with total revenue increasing by 4.9% and net income being substantially improved from the year prior. Investors seem to have responded positively to the news, as the stock price moved up the same day. The upswing in profits and revenue suggest that the company is poised for strong growth in the coming quarters, making it a sound long-term investment for those looking for steady growth. However, investors should keep an eye on any upcoming changes that could affect the company’s performance in the future.
