LivePerson Announces First Quarter 2018 Financial Results

• A top U.K. mortgage provider with more than 15 million customers
• The credit card services arm for one of North America's largest luxury retailers
• A multi-billion dollar online gaming company
• A global payment processing and cash management software provider
• A national automotive and home insurance provider

The Company also expanded business with:

• Several large multinational telecommunications providers
• One of the 20 largest global financial institutions
• A leading European entertainment company
• A top 10 automotive manufacturer
• A multi-billion dollar designer of audio equipment

Net Loss and Adjusted Net Income
Net loss for the first quarter of 2018 was $3.2 million or $0.06 per share, as compared to a net loss of $5.7 million or $0.10 per share in the first quarter of 2017. Adjusted net income for the first quarter of 2018 was $0.7 million or $0.01 per share, as compared to adjusted net income of $0.5 million or $0.01 per share in the first quarter of 2017. Adjusted net income excludes amortization, stock-based compensation, restructuring costs, acquisition costs, deferred tax asset valuation allowance, other non-recurring charges and the related income tax effect of these adjustments.

Net loss in the first quarters of 2018 and 2017 included non-recurring expenses of $1.4 million ($0.03 per share) and $2.1 million ($0.04 per share), respectively, primarily associated with IP litigation.

Adjusted EBITDA
Adjusted EBITDA for the first quarter of 2018 was $4.1 million or $0.07 per share, as compared to $3.3 million or $0.06 per share in the first quarter of 2017. Adjusted EBITDA excludes provision for (benefit from) income taxes, other (income)/expense, net, depreciation and amortization, stock-based compensation, restructuring costs, acquisition costs and other non-recurring charges.

A reconciliation of the non-GAAP financial measures to GAAP measures has been provided in the financial tables included in this press release. An explanation of the non-GAAP financial measures and how they are calculated is included below under the heading "Non-GAAP Financial Measures."

Cash and Cash Equivalents
The Company's cash balance was $57.7 million at March 31, 2018. During the first quarter of 2018, the Company utilized approximately $0.7 million of cash from operations, and incurred capital expenditures of approximately $4.6 million. The Company also repurchased $1.3 million of stock and has $17.1 million remaining on its repurchase authorization.

Financial Expectations
Following a strong start to the year, the Company is raising the midpoint of its 2018 revenue guidance. The 2018 revenue guidance range is now $239 million to $243 million, as compared to previously issued guidance of $237 million to $243 million.

The Company is also increasing guidance for net income, adjusted net income and adjusted EBITDA profit measures. Adjusted EBITDA guidance is increasing by $2 million to a range of $22 million to $25 million, from a previously issued range of $20 million to $23 million. The midpoint now equates to a 9.8% margin, which is 140 basis points higher than in 2017.

Updated profit guidance incorporates the Company's final view on ASC 606, which is immaterial to revenue, but is anticipated to benefit commission expenses due to a shift in the amortization period from over the contract life to over the average customer life, which is estimated as 3 to 5 years.

The Company's detailed financial expectations are as follows:

Second Quarter 2018

Full Year 2018

Other Full Year 2018 Assumptions

• Estimated non-recurring expenses primarily tied to litigation of $6.2 million ($0.11 per share)
• Amortization of purchased intangibles of approximately $3.0 million
• Stock-based compensation expense of approximately $13.5 million
• Depreciation of approximately $13.7 million
• Cash taxes paid of $2.0 million to $4.0 million. Adjusted tax rate of approximately 25%. A GAAP tax liability of approximately $2.5 million.
• Capital expenditures of approximately $14.5 million

Stock-Based Compensation
Included in the accompanying financial results are expenses related to stock-based compensation, as follows (in thousands):

Amortization of Purchased Intangibles
Included in the accompanying financial results are expenses related to the amortization of purchased intangibles, as follows (in thousands):

	Three Months Ended
	March 31,
	2018				2017
Cost of revenue	$	287			$	959
Amortization of purchased intangibles	424				472
Total	$	711			$ Werbung Mehr Nachrichten zur LivePerson Aktie kostenlos abonnieren E-Mail-Adresse Bitte überprüfe deine die E-Mail-Adresse. Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1 Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News 11:22 - PR Newswire BlackRock Energy and Resources Income Trust Plc - Portfolio Update 10:00 - PR Newswire Moonpig Group Plc - Holding(s) in Company 08:55 - PR Newswire Samson Rock Capital LLP - Form 8.3 - Wincanton Plc SolarBank    Wie die Revolution der sauberen Energie eine solide Investitionsmöglichkeit bieten könnte weiterlesen» Anzeige wo-site-teaser-box-16755_site-teaser-box_2024-04-25_09%253A00%253A00_2024-04-26_09%253A00%253A59