eGain Q2 FY2024 revenue falls 7% YoY to $23.8M; net income turns to $2.2M profit

EGAIN Corp

2024-Q2 EPS reported $0.15 revenue$47,991,000

GAAP net income of $2.2M ($0.07 EPS) vs $104K loss a year ago; non-GAAP net income $3.4M ($0.11 EPS) vs $1.7M.
Adjusted EBITDA rose to $3.8M from $2.2M; operating cash flow $7.7M (32% margin).
Q2 revenue $23.8M, down 7% YoY; first-half revenue $48.0M, down 5%.
AssistGPT AI offering credited with winning new logos; CEO cites growing interest in knowledge management for Gen AI.
Q3 FY2024 guidance: revenue $22.6-23.0M; GAAP net income $0.4-1.0M; FY2024 revenue guided $92-93M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

EGAIN Corp reported fiscal 2024 second quarter ended December 31, 2023 results: revenue Total revenue was $23.8 million, net income GAAP net income was $2.2 million, EPS $0.07 per share on a basic and diluted basis.

Period: fiscal 2024 second quarter ended December 31, 2023
Revenue: Total revenue was $23.8 million
Net income: GAAP net income was $2.2 million
EPS: $0.07 per share on a basic and diluted basis
Result: reported results

Exact text from the filing

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.

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Source: SEC EDGAR

accession 0001558370-24-000893

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