Five9 reports Q1 revenue up 20% to record $218.4M; non-GAAP EPS $0.41 vs $0.22 YoY

Five9, Inc.

2023-Q1 EPS reported -$0.38 revenue$218,439,000

GAAP net loss narrowed to $(27.2)M ($0.38 loss/share) from $(34.1)M ($0.49 loss) YoY.
Non-GAAP net income rose to $29.4M ($0.41 diluted EPS) from $15.6M ($0.22) YoY.
Record GAAP operating cash flow of $33.4M vs $28.7M YoY; adjusted EBITDA $35.1M (16.1% of revenue).
LTM enterprise subscription revenue grew 31% YoY; LTM international revenue grew 48% YoY.
Adjusted gross margin 60.4% vs 60.5% YoY; GAAP gross margin improved to 52.0% from 51.4%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Five9, Inc. reported the first quarter ended March 31, 2023 results: revenue $218.4 million, net income $(27.2) million, EPS $(0.38) per basic share.

Period: the first quarter ended March 31, 2023
Revenue: $218.4 million
Net income: $(27.2) million
EPS: $(0.38) per basic share
Result: reported results

Exact text from the filing

First Quarter 2023 Financial Results • Revenue for the first quarter of 2023 increased 20% to a record $218.4 million, compared to $182.8 million for the first quarter of 2022. • GAAP gross margin was 52.0% for the first quarter of 2023, compared to 51.4% for the first quarter of 2022. • Adjusted gross margin was 60.4% for the first quarter of 2023, compared to 60.5% for the first quarter of 2022. • GAAP net loss for the first quarter of 2023 was $(27.2) million, or $(0.38) per basic share, and (12.5)% of revenue, compared to GAAP net loss of $(34.1) million, or $(0.49) per basic share, and (18.7)% of revenue, for the first quarter 2022. • Non-GAAP net income for the first quarter of 2023 was $29.4 million, or $0.41 per diluted share, and 13.5% of revenue, compared to non-GAAP net income of $15.6 million, or $0.22 per diluted share, and 8.6% of revenue, for the first quarter of 2022. • Adjusted EBITDA for the first quarter of 2023 was $35.1 million, or 16.1% of revenue, compared to $24

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Source: SEC EDGAR

accession 0001288847-23-000075

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