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Stock impact report

eGain Reports Growing Profitability in its Fiscal Second Quarter; New Logos Increase with AssistGPT AI Offering [Yahoo! Finance]

eGain Corporation (EGAN) 
Last egain corporation earnings: 2/6 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: egain.com/company/investors
Company Research Source: Yahoo! Finance
“Our AssistGPT offering helped us win new logos in the quarter," said Ashu Roy, eGain's CEO. "We see growing interest in knowledge management as a foundation for effective Generative AI use in customer service.” Fiscal 2024 Second Quarter Financial Highlights Total revenue was $23.8 million, down 7% year over year. GAAP net income was $2.2 million, or $0.07 per share on a basic and diluted basis, up from a GAAP net loss of $104,000, or $0.00 per share on a basic and diluted basis, in Q2 2023. Non-GAAP net income was $3.4 million, or $0.11 per share on a basic and diluted basis, up from a non-GAAP net income of $1.7 million, or $0.05 per share on a basic and diluted basis, in Q2 2023. Cash provided by operations was $7.7 million, or an operating cash flow margin of 32%. Total cash and cash equivalents were $86.8 million, up from $79.8 million in Q1 2024. Adjusted EBITDA was $3.8 million compared to $2.2 million in Q2 2023. Total shares purchased through the repurchase Show less Read more
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