EGAIN Corp Files 10-Q for Period Ending December 31, 2023

TL;DR

<b>EGAIN Corp filed its quarterly 10-Q report for the period ending December 31, 2023, detailing financial positions and stock-related activities.</b>

AI Summary

EGAIN Corp (EGAN) filed a Quarterly Report (10-Q) with the SEC on February 8, 2024. EGAIN Corp filed a 10-Q report for the period ending December 31, 2023. The filing includes financial data for various equity accounts as of December 31, 2023, and comparative periods. Key balance sheet items such as Accounts Receivable are detailed. Information on stock-based compensation, including Employee Stock Options and Restricted Stock Units, is provided for the quarter and year-to-date. The report covers the fiscal quarter and year-to-date periods ending December 31, 2023.

Why It Matters

For investors and stakeholders tracking EGAIN Corp, this filing contains several important signals. This 10-Q filing provides investors with an updated view of EGain Corp's financial health and operational performance for the most recent quarter. The detailed breakdown of equity accounts and stock-based compensation offers insights into the company's capital structure and employee incentive programs.

Risk Assessment

Risk Level: low — EGAIN Corp shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not indicate any immediate or significant financial distress or unusual events based on the provided header information.

Analyst Insight

Monitor future filings for revenue growth, profitability trends, and any changes in stock-based compensation expenses.

Key Numbers

• 2023-12-31 — Reporting Period End Date (End of the fiscal quarter and year-to-date period)
• 2024-02-08 — Filing Date (Date the 10-Q was submitted to the SEC)
• 06-30 — Fiscal Year End (EGain Corp's fiscal year concludes on this date annually)
• 7372 — SIC Code (Standard Industrial Classification for Prepackaged Software)

Key Players & Entities

• EGAIN Corp (company) — Filer of the 10-Q report
• 2023-12-31 (date) — End of the reporting period
• 2024-02-08 (date) — Filing date of the report
• 1252 BORREGAS AVENUE (address) — Business and mailing address of EGain Corp
• SUNNYVALE (location) — City of EGain Corp's address
• CA (location) — State of EGain Corp's address
• 94089 (postal_code) — ZIP code of EGain Corp's address
• 6502307500 (phone_number) — Business phone number of EGain Corp

Forward-Looking Statements

• EGAIN Corp will continue its share buyback program in the next fiscal quarter. (EGAIN Corp) — medium confidence, target: March 31, 2024

FAQ

Key Dates

• 2023-12-31: Quarterly Period End — Financial data presented is as of this date.
• 2024-02-08: Filing Date — Official submission date of the 10-Q to the SEC.

Glossary

10-Q

A quarterly report required by the U.S. Securities and Exchange Commission (SEC). (Provides an update on the company's financial performance and position between annual reports.)

Common Stock

Represents ownership in a corporation. (Key component of the company's equity structure, detailed in the filing.)

Treasury Stock

Stock that a company has repurchased from the open market. (Impacts the number of outstanding shares and equity calculations.)

Employee Stock Options

The right granted to an employee to purchase company stock at a predetermined price. (Represents a form of compensation and potential future dilution.)

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share EGAN The Nasdaq Stock Mar

Filing Documents

• egan-20231231x10q.htm (10-Q) — 2113KB
• egan-20231231xex31d1.htm (EX-31.1) — 15KB
• egan-20231231xex31d2.htm (EX-31.2) — 15KB
• egan-20231231xex32d1.htm (EX-32.1) — 7KB
• egan-20231231xex32d2.htm (EX-32.2) — 7KB
• egan-20231231xex10d1.htm (EX-10.1) — 218KB
• 0001558370-24-000894.txt (&nbsp;) — 6964KB
• egan-20231231.xsd (EX-101.SCH) — 33KB
• egan-20231231_cal.xml (EX-101.CAL) — 47KB
• egan-20231231_def.xml (EX-101.DEF) — 131KB
• egan-20231231_lab.xml (EX-101.LAB) — 341KB
• egan-20231231_pre.xml (EX-101.PRE) — 237KB
• egan-20231231x10q_htm.xml (XML) — 1110KB

Financial Statements (Unaudited)

Financial Statements (Unaudited) 2 Condensed Consolidated Balance Sheets as of December 31, 2023 and June 30, 2023 2 Condensed Consolidated Statements of Operations for the Three and Six Months Ended December 31, 2023 and 2022 3 Condensed Consolidated Statements of Comprehensive Income (Loss) for the Three and Six Months Ended December 31, 2023 and 2022 4 Condensed Consolidated Statements of Stockholders' Equity for the Three and Six Months Ended December 31, 2023 and 2022 5 Condensed Consolidated Statements of Cash Flows for the Six Months Ended December 31, 2023 and 2022 9 Notes to Condensed Consolidated Financial Statements 10 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 24 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 38 Item 4.

Controls and Procedures

Controls and Procedures 39 PART II. OTHER INFORMATION 40 Item 1.

Legal Proceedings

Legal Proceedings 40 Item 1A.

Risk Factors

Risk Factors 40 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 57 Item 5. Other Information 57 Item 6. Exhibits 58

Signatures

Signatures 59 1 Table of Contents

FINANCIAL INFORMATIO N

PART I. FINANCIAL INFORMATIO N

Financial Statements

Item 1. Financial Statements EGAIN CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except par value data) (unaudited) December 31, June 30, 2023 2023 ASSETS Current assets: Cash and cash equivalents $ 86,833 $ 73,201 Restricted cash 7 7 Accounts receivable, less provision for credit losses of $ 109 and $ 237 as of December 31, 2023 and June 30, 2023, respectively 14,271 31,569 Costs capitalized to obtain revenue contracts, net 1,282 1,317 Prepaid expenses 2,157 2,466 Other current assets 1,175 1,268 Total current assets 105,725 109,828 Property and equipment, net 561 633 Operating lease right-of-use assets 2,200 2,797 Costs capitalized to obtain revenue contracts, net of current portion 2,003 2,318 Goodwill 13,186 13,186 Other assets, net 1,768 1,355 Total assets $ 125,443 $ 130,117 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 1,777 $ 2,044 Accrued compensation 5,842 7,697 Accrued liabilities 4,207 5,387 Operating lease liabilities 587 832 Deferred revenue 40,880 47,762 Total current liabilities 53,293 63,722 Deferred revenue, net of current portion 2,991 2,101 Operating lease liabilities, net of current portion 1,470 1,762 Other long-term liabilities 896 836 Total liabilities 58,650 68,421 Commitments and contingencies (Note 6) Stockholders' equity: Common stock, par value $ 0.001 - authorized: 60,000 shares; issued: 32,462 and 32,268 ; outstanding: 31,202 and 31,482 shares as of December 31, 2023 and June 30, 2023, respectively 32 32 Additional paid-in capital 404,320 401,087 Treasury stock, at cost: 1,260 and 786 shares of common stock as of December 31, 2023 and June 30, 2023, respectively ( 8,778 ) ( 5,763 ) Notes receivable from stockholders ( 20 ) ( 97 ) Accumulated other comprehensive loss ( 2,101 ) ( 2,122 ) Accumulated deficit ( 326,660 ) ( 331,

View Full Filing

View this 10-Q filing on SEC EDGAR