FIVE9 Reports Q2 2023 Earnings Results on August 7
August 19, 2023
🌥️Earnings Overview
On August 7, 2023, Five9 ($NASDAQ:FIVN) announced its earnings results for the second quarter of fiscal year 2023. Total revenue for the period ending June 30, 2023 was USD 222.9 million, representing a year-on-year growth of 17.7%. Net income for the quarter was USD -21.7 million, a decrease from the previous year’s amount of -23.7 million.
Share Price
On August 7, FIVE9 released its second quarter earnings report for 2023. At the start of the trading day, FIVE9 stock opened at $81.2 and closed the day at $81.7, representing an increase of 1.5% from the previous closing price of $80.5. This slight rise in stock prices signals a positive response to FIVE9’s quarterly earnings report.
Overall, FIVE9’s Q2 2023 earnings report showed positive results, with strong revenue growth and customer acquisition. With the stock prices rising in response to this news, investors are optimistic about the company’s future potential. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Five9. More…
| Total Revenues | Net Income | Net Margin |
| 848.01 | -85.85 | -10.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Five9. More…
| Operations | Investing | Financing |
| 118.53 | -124.36 | 101.27 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Five9. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.4k | 944.14 | 6.36 |
Key Ratios Snapshot
Some of the financial key ratios for Five9 are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 31.7% | – | -8.9% |
| FCF Margin | ROE | ROA |
| 9.2% | -11.8% | -3.4% |
Analysis
At GoodWhale, we have analyzed the financials of FIVE9 and have determined that it is a high risk investment. Our Risk Rating tool indicates that FIVE9 has weaknesses in both its financial and business aspects. Upon further investigation of FIVE9’s balance sheet, cashflow statement, and non-financial factors, we have detected three risk warnings. These warnings could potentially indicate poor management, an unfavourable business model, or other red flags that might dissuade potential investors from investing in the company. If you would like to find out more about our findings, please register with us at GoodWhale. We will provide you with a detailed report of our analysis of FIVE9’s financials, as well as more information about the three risk warnings that we’ve identified. More…
Peers
The company offers a variety of features including automatic call distribution, interactive voice response, and skills-based routing. Five9‘s competitors include Zoom Video Communications Inc, RingCentral Inc, and Microsoft Corp.
– Zoom Video Communications Inc ($NASDAQ:ZM)
Zoom Video Communications Inc is a company that provides a video-first communications platform that combines video conferencing, online meetings, chat, and mobile collaboration. The company has a market cap of 23.8B as of 2022 and a ROE of 8.92%. The company’s mission is to make video communications more accessible and affordable for everyone.
– RingCentral Inc ($NYSE:RNG)
RingCentral, Inc. provides a cloud-based business communications platform. The company offers messaging, video conferencing, and phone systems designed for businesses of various sizes. It serves customers in various industries worldwide.
– Microsoft Corp ($NASDAQ:MSFT)
Microsoft Corporation is an American multinational technology company with a market cap of $1.76 trillion and a return on equity of 45.3%. The company develops, manufactures, licenses, supports, and sells computer software, consumer electronics, personal computers, and services. Its best known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers.
Summary
Investors in FIVE9 have reason for optimism following their second quarter earnings report showing a 17.7% increase in total revenue. However, net income for the quarter ended June 30, 2023was USD -21.7 million, down from the prior year’s figure of -23.7 million. Despite this slight decrease in net income, investors are hopeful that FIVE9 will make further progress in the coming quarters due to the strong revenue growth. With strategic investments and cost-cutting initiatives, FIVE9 could improve its bottom line performance and generate higher profit margins.
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