Workflow
8x8(EGHT)
icon
Search documents
8x8(EGHT) - 2026 Q3 - Quarterly Results
2026-02-03 21:10
Exhibit 99.1 8x8, Inc. Announces Third Quarter Fiscal Year 2026 Financial Results Record service revenue of $179.7 million Strong year-over-year growth in revenue from usage-based offerings, including AI-based solutions 20th consecutive quarter of positive cash flow from operations CAMPBELL, Calif., February 3, 2026 – 8x8, Inc. (NASDAQ: EGHT), a leading global business communications platform provider, today reported financial results for the third quarter of fiscal year 2026 ended December 31, 2025. "Our t ...
8x8, Inc. Schedules Third Quarter Fiscal 2026 Earnings Release and Conference Call
Businesswire· 2026-01-14 21:05
Group 1 - The company will hold a live call on February 3, 2026, at 2:00 p.m. Pacific Time [1] - Participants must register to receive dial-in numbers and a unique PIN for the call [1] - A live webcast will be accessible from the company's investor relations events and presentations page [1]
8x8 Acquires Maven Lab to Advance End-to-End Customer Engagement Across Asia-Pacific Region
Businesswire· 2026-01-07 01:00
Core Insights - 8x8, Inc. has acquired Maven Lab, enhancing its customer engagement strategy in the Asia-Pacific region [1] - The acquisition aims to strengthen 8x8's messaging, automation, and customer engagement capabilities for enterprise and public-sector organizations [1][2] Strategic Expansion in CPaaS - The integration of Maven Lab's Moobidesk platform with 8x8's existing capabilities will create a more scalable and unified platform for customer engagement [2] - This will improve performance in enterprise messaging and broaden the range of customer interaction channels [2][3] Enhanced Engagement Capabilities - The combined teams will focus on enhancing engagement capabilities, including smarter automation and support for emerging communication channels [3] - Industries such as finance, eCommerce, healthcare, logistics, and travel will benefit from improved customer communication speed, consistency, and governance [3] Real-World Impact - Maven Lab's platforms are already utilized by regional organizations, delivering millions of customer engagements annually [5] - The acquisition is expected to enhance throughput, reliability, and data protection for customers through 8x8's advanced security features [6] Unified Platform Vision - The collaboration aims to transition enterprises from merely sending messages to orchestrating comprehensive customer engagement [4] - This partnership is positioned to accelerate the launch of richer customer journeys and more intelligent automation across Southeast Asia and beyond [4]
GreetEat Corp (OTC: GEAT) Integrates 8x8’s Video Technology to Elevate the Future of Virtual Dining
Globenewswire· 2025-11-24 14:00
Core Insights - GreetEat Corp has announced a strategic technology integration with 8x8, Inc. to enhance its virtual dining infrastructure through video-conferencing capabilities [1][9] About the Integration - GreetEat will utilize 8x8 Jitsi as a Service (JaaS) for hosting video meetings, providing a branded, secure, and scalable experience for various dining events [2][3] Key Features Enabled via 8x8 JaaS - Features include secure end-to-end encryption, HD video conferencing for up to 500 participants, group and private chat, remote control capabilities, connection quality controls, cloud recording, brand customization, AI-powered insights, virtual backgrounds, calendar integrations, YouTube integration, and multi-language support [6][7] Strategic Benefits to GreetEat Corp and Its Investors - The partnership allows GreetEat to scale its user base globally without the need to build its own video infrastructure, enhances user experience, and provides cost efficiency through a monthly active user pricing model [7][8][11] Why 8x8 (EGHT) Is a Strong Strategic Partner - 8x8 offers a unified communications platform with a global cloud-native architecture, ensuring high availability and security, which aligns with GreetEat's needs for a reliable video infrastructure [4][7] Company Overview - GreetEat Corporation is a technology-driven platform that combines video conferencing with meal delivery to create shared dining experiences, also owning WallStreetStats.io, a fintech app leveraging AI for market analysis [9]
8x8 (NasdaqGS:EGHT) FY Conference Transcript
2025-11-18 17:47
Summary of 8x8 FY Conference Call Company Overview - **Company**: 8x8 (NasdaqGS:EGHT) - **Industry**: Mid-cap software, specifically focusing on Unified Communications as a Service (UCaaS) and Contact Center as a Service (CCaaS) Key Points and Arguments 1. **Investment in Innovation**: 8x8 has committed to spending approximately 15% of non-GAAP revenue on R&D to foster innovation, particularly in AI-based products [10][11][12] 2. **Acquisition of Fuze**: The acquisition of Fuze, a company with over $100 million in annual revenue, is nearing completion, with upgrades to the 8x8 platform expected by the end of the calendar year [10][11] 3. **Debt Reduction**: The company has successfully reduced its debt by approximately 41% from a high of $558 million in August 2022 [11][12] 4. **Positive Cash Flow**: 8x8 has generated positive cash flow from operations for 19 consecutive quarters, indicating a strong financial footing [12][13] 5. **Revenue Growth**: After a period of revenue headwinds, the company has reported year-over-year revenue growth in the last two quarters, marking a turnaround from an eight-quarter decline [12][13] 6. **Usage-Based Revenue**: Usage-based revenue has grown to nearly 20% of total service revenue, up from 13% the previous year, driven by new AI-driven products [23][25] 7. **Customer Retention and Stickiness**: Over one-third of annual recurring revenue (ARR) comes from customers using three or more products, enhancing customer retention and revenue growth [29][42] 8. **AI Integration**: The company is focusing on AI-driven products, which are expected to enhance customer experience and operational efficiency [45][50][100] 9. **Market Dynamics**: The UCaaS and CCaaS markets are competitive but healthy, with a noted increase in deal velocity for UCaaS compared to CCaaS [59][81] 10. **Partnership with Microsoft**: 8x8 has a strong relationship with Microsoft, which enhances the attach rate of their contact center solutions to Microsoft Teams users [91][93] Additional Important Insights 1. **Capital Management Strategy**: The company is focused on reducing leverage and has engaged in opportunistic stock buybacks while prioritizing debt reduction to enhance future growth options [121][122] 2. **Internal AI Utilization**: 8x8 is leveraging AI internally for various functions, including deal velocity acceleration and customer interaction analysis, which enhances operational efficiency [128][133] 3. **Future Outlook**: The company anticipates a continued shift towards usage-based revenue and AI integration, which is expected to positively impact gross profit margins over time [110][114] This summary encapsulates the key insights from the 8x8 FY Conference Call, highlighting the company's strategic focus on innovation, financial health, and market positioning.
Why 8x8 (EGHT) Might be Well Poised for a Surge
ZACKS· 2025-11-10 18:21
Core Insights - 8x8 (EGHT) shows a significant improvement in earnings outlook, making it an attractive investment option as analysts continue to raise earnings estimates for the company [1][2] Estimate Revisions - The upward trend in earnings estimate revisions indicates growing analyst optimism regarding 8x8's earnings prospects, which is expected to positively impact its stock price [2] - For the current quarter, 8x8 is projected to earn $0.08 per share, reflecting a year-over-year decline of 27.3%. However, the Zacks Consensus Estimate has increased by 33.33% over the last 30 days due to one upward revision and one downward revision [5] - For the full year, the earnings estimate is $0.32 per share, representing an 11.1% year-over-year decline. The trend for the current year is encouraging, with two estimates moving higher against one negative revision [6] Zacks Rank - 8x8 currently holds a Zacks Rank 2 (Buy), supported by favorable estimate revisions. This ranking system has a strong track record of identifying stocks that outperform the market [7] - Stocks rated Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500, indicating a positive outlook for 8x8 [7] Stock Performance - The stock has gained 6.1% over the past four weeks, driven by solid estimate revisions, suggesting potential for further growth in earnings and stock price [8]
EGHT vs. ZM: Which Stock Should Value Investors Buy Now?
ZACKS· 2025-11-10 17:49
Core Viewpoint - Investors are evaluating the value propositions of 8x8 (EGHT) and Zoom Communications (ZM) to determine which stock offers better value at present [1] Valuation Metrics - Both EGHT and ZM currently hold a Zacks Rank of 2 (Buy), indicating positive earnings estimate revisions for both companies [3] - Value investors focus on various valuation metrics to identify undervalued companies, including P/E ratio, P/S ratio, earnings yield, and cash flow per share [4] Specific Valuation Comparisons - EGHT has a forward P/E ratio of 6.00, significantly lower than ZM's forward P/E of 14.01, suggesting EGHT may be undervalued [5] - The PEG ratio for EGHT is 0.85, while ZM's PEG ratio is 6.97, indicating EGHT's expected earnings growth is more favorable relative to its price [5] - EGHT's P/B ratio stands at 1.97 compared to ZM's P/B of 2.76, further supporting the notion that EGHT is the more attractive value option [6] - Based on these valuation metrics, EGHT is rated with a Value grade of A, while ZM has a Value grade of C, reinforcing EGHT's position as the superior value choice [6]
8x8(EGHT) - 2026 Q2 - Quarterly Report
2025-11-05 22:07
Revenue Performance - Service revenue for the three months ended September 30, 2025, increased by $4.0 million, or 2.3%, compared to the same period in 2024, driven by an increase in platform usage revenue in the Asia-Pacific region [120]. - For the six months ended September 30, 2025, service revenue rose by $7.5 million, or 2.2%, primarily due to a $20.1 million increase in platform usage revenue, also mainly from the Asia-Pacific region [121]. - The service revenue for the three months ended September 30, 2025, was $179.1 million, representing 97.3% of total revenue [119]. - Other revenue decreased by $0.9 million, or 15.6%, for the three months ended September 30, 2025, compared to the same period in 2024, primarily due to lower product revenue of $0.8 million [123]. - For the six months ended September 30, 2025, other revenue decreased by $1.2 million, or 10.8%, compared to the same period in 2024, driven by a $1.6 million decline in product revenue [124]. Profitability and Expenses - Gross profit for the three months ended September 30, 2025, was $119.3 million, with a gross profit margin of 64.8% [108]. - The company reported a net income of $767,000 for the three months ended September 30, 2025, which is 0.4% of total revenue [108]. - Cost of service revenue increased by $7.4 million, or 14.8%, for the three months ended September 30, 2025, mainly due to a $10.1 million rise in costs to deliver subscription and platform usage services [126]. - For the six months ended September 30, 2025, cost of service revenue rose by $11.8 million, or 11.8%, primarily due to a $17.3 million increase in subscription and platform usage service costs [127]. - Research and development expenses decreased by $3.4 million, or 10.8%, for the three months ended September 30, 2025, mainly due to a $2.1 million reduction in stock-based compensation [132]. - General and administrative expenses increased by $2.4 million, or 12.0%, for the three months ended September 30, 2025, primarily due to a $3.6 million rise in legal and regulatory costs [138]. - Sales and marketing expenses decreased by $1.0 million, or 1.6%, for the three months ended September 30, 2025, primarily due to a $3.3 million decline in channel commissions [135]. - Cost of other revenue decreased by $0.5 million, or 6.8%, for the three months ended September 30, 2025, primarily due to lower product costs associated with IP telephone hardware [129]. Strategic Focus and Initiatives - The company is focusing on retaining existing customers and expanding its mid-market, enterprise, and public sector customer base as part of its long-term strategy [105]. - The company plans to increase service revenue through new customer acquisition, cross-selling additional products, and strategic acquisitions of technologies and businesses [109]. - The company is committed to maintaining a high level of investment in research and development to drive innovation across its Platform for CX [105]. - The company is enhancing its platform with AI-based capabilities and expanding its Technology Partner Ecosystem to provide tailored solutions [106]. - The company has expanded its reseller partner programs to increase market reach and improve sales efficiency [107]. Cash Flow and Financial Position - Cash and cash equivalents totaled $75.9 million as of September 30, 2025, down from $88.1 million on March 31, 2025 [151]. - Net cash provided by operating activities decreased by $9.8 million to $20.7 million for the six months ended September 30, 2025, compared to $30.5 million in 2024 [155]. - Cash used in investing activities increased to $8.7 million for the six months ended September 30, 2025, up from $7.2 million in 2024 [155]. - The company repurchased 1.0 million shares of common stock for approximately $1.8 million at an average price of $1.83 per share during the six months ended September 30, 2025 [153]. - The outstanding principal of the 2024 Term Loan is $127.0 million as of September 30, 2025, after a reduction of $25.0 million during the fiscal year [160]. - The company has a material cash requirement of $527.1 million as of March 31, 2025, with a significant increase in a non-cancellable hosting service contract commitment from $24.1 million to $54.0 million [165]. - The 2024 Term Loan bears interest at an effective rate of 8.65% as of September 30, 2025 [159]. - The company anticipates that existing cash and cash flows from operations will be sufficient to meet working capital and contractual obligations for at least the next twelve months [150]. Accounting and Risk Management - The company's consolidated financial statements are prepared in accordance with U.S. GAAP, with no significant changes to critical accounting policies during the six months ended September 30, 2025 [168]. - There have been no material changes in the company's exposures to market risk since March 31, 2025, including interest rate and foreign currency exchange risks [170]. - The preparation of financial statements requires estimates and judgments that affect reported amounts of assets, liabilities, revenue, and expenses [167]. Other Income and Taxation - Other income increased to $0.5 million for the three months ended September 30, 2025, compared to a loss of $12.7 million in the same period of 2024, primarily due to a decrease in loss on debt extinguishment by $12.0 million [144]. - The provision for income taxes decreased by $0.9 million for the three months ended September 30, 2025, representing an 81.1% decline compared to the same period in 2024 [147]. - Interest expense decreased by $3.1 million, or 38.7%, for the three months ended September 30, 2025, primarily due to a lower interest rate on the 2024 Term Loan compared to the 2022 Term Loan [141]. - The percentage of total revenue attributed to research and development was 15.2% for the three months ended September 30, 2025, down from 17.3% in the same period of 2024 [131].
Why 8x8 Stock Is Soaring Today
Yahoo Finance· 2025-11-05 17:13
Core Insights - 8x8's shares surged by as much as 27.7% following the release of Q2 2026 results, which exceeded Wall Street's expectations and included optimistic guidance for the upcoming quarters [1][7] Financial Performance - Q2 2026 sales for 8x8 increased by 1.7% year-over-year, reaching $184.1 million, marking the second consecutive quarter of revenue growth after a prolonged decline [2] - Adjusted earnings remained stable at $0.09 per diluted share, surpassing the consensus estimate of $0.07 per share, with revenues expected around $178 million [2] Company Outlook - Despite the positive revenue trends, 8x8 is still in a turnaround phase, having faced challenges in growing top-line sales, with the stock down approximately 20% in 2025 and 49% over the past three years [4] - The company is actively reducing long-term debt and integrating artificial intelligence features into its services, although the fastest-growing products have lower gross margins [5] Market Position - While 8x8's stock has recently gained, it remains significantly down over the past year, indicating ongoing challenges in the digital communications market [7]
8x8 (EGHT) Tops Q2 Earnings and Revenue Estimates
ZACKS· 2025-11-05 00:21
Core Insights - 8x8 reported quarterly earnings of $0.09 per share, exceeding the Zacks Consensus Estimate of $0.07 per share, with a year-over-year comparison showing no change in earnings [1] - The company achieved revenues of $184.1 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 3.82% and showing an increase from $181 million year-over-year [2] - The stock has underperformed, losing approximately 30.3% since the beginning of the year, while the S&P 500 has gained 16.5% [3] Earnings Outlook - The future performance of 8x8's stock will largely depend on management's commentary during the earnings call and the trends in earnings estimate revisions [4][5] - The current consensus EPS estimate for the upcoming quarter is $0.08 on revenues of $177.24 million, and for the current fiscal year, it is $0.30 on revenues of $713.67 million [7] Industry Context - The Internet - Software industry, to which 8x8 belongs, is currently ranked in the top 32% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Ziff Davis, another company in the same industry, is expected to report quarterly earnings of $1.76 per share, reflecting a year-over-year increase of 7.3% [9]