NEW YORK, September 28, 2019 – Shares of LivePerson Inc. (NASDAQ: LPSN) showed the bearish trend with a lower momentum of -3.32% to $35.48. The company traded total volume of 593.940K shares as contrast to its average volume of 754.00K shares. The company has a market value of $2.34B and about 65.97M shares outstanding.
LivePerson, Inc. (LPSN) reported total revenue of $66.40M for the first quarter of 2019, a boost of 14% as contrast to the same period last year. Within total revenue, business operations revenue for the first quarter of 2019 increased 14% year over year to $61.00M, and revenue from consumer operations increased 16% year over year to $5.40M.
Net Loss and Adjusted Operating (Loss) Income:
Net loss for the first quarter of 2019 was $18.90M or $0.31 per share, as contrast to a net loss of $3.20M or $0.06 per share in the first quarter of 2018. Adjusted operating loss for the first quarter of 2019 was $7.10M, as contrast to adjusted operating income of $0.80M in the first quarter of 2018. Adjusted operating (loss) income excludes amortization of purchased intangibles, stock-based compensation, other litigation and consulting costs, restructuring costs, acquisition costs, and other income, net.
Net loss in the first quarter of 2019 included charges of $3.30M ($0.06 per share), mainly associated with IP litigation, consulting services and acquisition costs. The first quarter of 2018 net loss included charges of $1.40M ($0.03 per share), mainly associated with IP litigation.
Adjusted EBITDA (Loss):
Adjusted EBITDA for the first quarter of 2019 was a loss of $3.20M or $0.05 per share, as contrast to income of $4.10M or $0.07 per share in the first quarter of 2018. Adjusted EBITDA excludes amortization of purchased intangibles, stock-based compensation, depreciation, other litigation and consulting costs, restructuring costs, acquisition costs, provision for (benefit from) income taxes, and other income, net.
Cash and Cash Equivalents:
In the first quarter, the Company successfully accomplished a private placement of $230.0M of 0.75% convertible senior notes due in 2024. Net proceeds were $198.0M after expenses associated with debt issuance and separately negotiated capped call transactions. Counting these net proceeds, the Company’s cash balance increased $171.0M to $238.0M at the end of the first quarter, from $66.0M at year-end 2018. Cash, net of convertible debt, increased $9.0M year over year.
The Company offered net profit margin of -21.10% while its gross profit margin was 74.10%. ROE was recorded as -31.90% while beta factor was 1.02. The stock, as of recent close, has shown the weekly downbeat performance of -7.05% which was maintained at 88.12% in this year.