Editor's note: This story has been updated to correct price action at the time of publication. Five9 Inc FIVN shares are on watch Thursday after The Bear Cave released a bearish report on the software company. What Happened: Short-selling firm the Bear Cave has targeted contact center software company Five9 in its latest short report. The short seller highlighted recent conversations with management in which executives told investors that AI is "great" for Five9. The Bear Cave claims that management has int ...

da-kuk My investment rating for Five9, Inc. (NASDAQ:FIVN) shares have been downgraded to a Hold now. FIVN's full-year revenue guidance reduction translates into an uninspiring low-teens percentage (versus historical average in the high-twenties range) top-line growth outlook. As such, my previous Buy rating for the stock is no longer warranted. However, Five9's upward EPS guidance revision for FY 2024 and its long-term AI tailwinds mean that a bearish view (or Sell rating) on the company is unjustified. Mor ...

Five9, Inc. FIVN shares are trading lower today. Several analysts lowered the price target on the stock following an annual guidance cut due to recent booking trends and economic uncertainty. Yesterday, the company reported revenue of $252.1 million, beating the consensus of $245.2 million, and adjusted EPS of $0.52, which surpassed the consensus of $0.44. For 2024, Five9 reduced revenue guidance to $1.013 billion – $1.017 billion ($1.053 billion – $1.057 billion) vs. $1.055 billion and raised adjusted EPS ...

Five9, Inc. (NASDAQ:FIVN) Q2 2024 Earnings Conference Call August 8, 2024 4:30 PM ET Company Participants Mike Burkland - CEO and Chairman Dan Burkland - President Barry Zwarenstein - Chief Financial Officer Conference Call Participants Ryan MacWilliams - Barclays Scott Berg - Needham Matt VanVliet - BTIG Arjun Bhatia - William Blair Jim Fish - Piper Sandler Siti Panigrahi - Mizuho Terry Tillman - Truist Securities DJ Hynes - Canaccord Taylor McGinnis - UBS Peter Levine - Evercore Meta Marshall - Morgan Sta ...

Q2 2024 Investor Presentation Five9 (NASDAQ: FIVN) © 2024 Five9, Inc. All rights reserved. 2024 Five9, Inc. All rights reserved. Proprietary and confidential to Five9, Inc. Safe Harbor 2 This presentation is proprietary and is intended solely for the information of the persons to whom it is presented. Disclosure of this presentation, its contents, extracts or abstracts to third parties is not authorized without the express written permission of Five9, Inc. (the "Company"), and it may not be retained, reprod ...

Five9 (FIVN) came out with quarterly earnings of $0.52 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 20.93%. A quarter ago, it was expected that this provider of cloud-based software to call centers would post earnings of $0.38 per share when it actually produced earnings of $0.48, delivering a surprise of 26.32%. Over the ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36383 | --- | --- | --- | --- | |----------------------------------------------------------------------------- ...

Financial Performance - Revenue for Q2 2024 increased 13% to a record $252.1 million, compared to $222.9 million for Q2 2023[2] - GAAP net loss for Q2 2024 was $(12.8) million, or $(0.17) per basic share, improving from a net loss of $(21.7) million, or $(0.30) per basic share, in Q2 2023[2] - Non-GAAP net income for Q2 2024 was $38.9 million, or $0.52 per diluted share, compared to $37.4 million, or $0.52 per diluted share, in Q2 2023[2] - Adjusted EBITDA for Q2 2024 was $41.8 million, or 16.6% of revenue, compared to $41.5 million, or 18.6% of revenue, in Q2 2023[3] - Annual revenue run rate exceeded $1 billion, driven by a 21% year-over-year growth in LTM enterprise subscription revenue[3] - For the full year 2024, revenue guidance is now expected in the range of $1.013 to $1.017 billion[4] - For Q3 2024, revenue is expected in the range of $254.5 to $255.5 million[5] - GAAP gross profit for Q2 2024 was $133,672 thousand, compared to $118,521 thousand in Q2 2023, reflecting a growth of 12.5%[22] - Adjusted gross profit for Q2 2024 was $152,409 thousand, up from $137,729 thousand in Q2 2023, representing an increase of 10.0%[22] - Non-GAAP net income for Q2 2024 was $38,874 thousand, compared to $37,391 thousand in Q2 2023, marking a growth of 4.0%[27] Cash Flow and Assets - GAAP operating cash flow for Q2 2024 was $19.9 million, down from $21.9 million in Q2 2023[3] - Cash provided by operating activities for the six months ended June 30, 2024, was $52,231, compared to $55,264 in the same period of 2023[20] - The company reported cash and cash equivalents of $177,382 at the end of the period, down from $197,239 in the previous year[20] - Total current assets increased to $1,322,102 as of June 30, 2024, compared to $924,054 at the end of 2023, reflecting a growth of 43%[16] - Total liabilities increased to $1,384,502 as of June 30, 2024, from $956,483 at the end of 2023, marking a rise of 45%[16] Operating Expenses - Operating expenses for the three months ended June 30, 2024, totaled $153,037, which is a 6.5% increase from $143,764 in the prior year[18] - Research and development expenses for the three months ended June 30, 2024, were $40,717, slightly up from $39,210 in the same period last year[18] - Stock-based compensation for Q2 2024 totaled $43,632 thousand, down from $53,367 thousand in Q2 2023, a decrease of 18.2%[29] - Total stock-based compensation for the first half of 2024 was $88,316 thousand, compared to $104,110 thousand in the same period of 2023, a decrease of 15.2%[30] Acquisitions and Innovations - The company announced an agreement to acquire Acqueon to enhance its AI-powered CX platform and market reach[4] - Innovations in the Five9 Genius AI suite, including GenAI Studio and AI Knowledge, were highlighted as key advancements[4] - The company incurred acquisition and related transaction costs of $4,089 thousand in Q2 2024, compared to $877 thousand in Q2 2023, indicating a significant increase in costs associated with acquisitions[24] - Acquisition and related transaction costs for the three months ending September 30, 2024, were $1.467 million, with a total of $7.680 million for the year ending December 31, 2024[33] Future Outlook - The company anticipates no new acquisitions in the near term, focusing on completed acquisitions and related costs[33] - GAAP net loss for the three months ending September 30, 2024, was $4.608 million, with a high estimate of $1.098 million for the year ending December 31, 2024[33] - Non-GAAP net income for the three months ending September 30, 2024, was $43.035 million, with a high estimate of $44.545 million for the year ending December 31, 2024[33] - Non-GAAP net income per share (basic and diluted) for the three months ending September 30, 2024, was $0.57, with a high estimate of $0.59[33] - The company reported a GAAP net loss per share of $(0.06) for the three months ending September 30, 2024, with a high estimate of $(0.01) for the year ending December 31, 2024[33] - Non-GAAP adjustments do not have a material impact on the company's worldwide income tax provision due to available tax loss and credit attributes[33]

Business: Five9 provides intelligent cloud software for contact centers in the United States and internationally. It offers a virtual contact center cloud platform that delivers a suite of applications, which enables the breadth of contact center-related customer service, sales and marketing functions. The platform also matches each customer interaction with an agent resource and delivers customer data to the agent in real-time through integrations with adjacent enterprise applications. The company serves c ...

Five9, Inc. (NASDAQ:FIVN) Q1 2024 Earnings Conference Call May 2, 2024 4:30 PM ET Company Participants Mike Burkland - Chairman and CEO Dan Burkland - President and Chief Revenue Officer Barry Zwarenstein - CFO Conference Call Participants DJ Hynes - Canaccord Terry Tillman - Truist Securities Seth Gilbert - UBS Ryan MacWilliams - Barclays Matt VanVliet - BTIG Siti Panigrahi - Mizuho Thomas Blakey - KeyBanc Meta Marshall - Morgan Stanley Jim Fish - Piper Sandler Will Power - Baird Scott Berg - Needham Micha ...