EGAIN Corp Files 10-Q for Q1 FY25

TL;DR

EGAIN Corp's Q1 FY25 10-Q is in. Financials look stable, check equity details.

AI Summary

EGAIN Corp filed its 10-Q for the period ending September 30, 2024. The filing details financial information for the first quarter of fiscal year 2025, including data on common stock, retained earnings, and additional paid-in capital as of September 30, 2024, and June 30, 2024. The company's principal business is in services for pre-packaged software.

Why It Matters

This 10-Q filing provides investors with a quarterly update on EGAIN Corp's financial health and equity structure, crucial for understanding the company's performance and stability.

Risk Assessment

Risk Level: low — The filing is a standard quarterly report with no immediate red flags or significant negative events indicated.

Key Numbers

• 06-30 2025 — Fiscal Year End (Indicates the end of the company's fiscal year.)
• 2024-09-30 — Reporting Period End (The date through which financial information is reported.)
• 2024-06-30 — Previous Period End (The date of the prior fiscal year-end for comparison.)

Key Players & Entities

• EGAIN Corp (company) — Filer of the 10-Q
• 2024-09-30 (date) — End of reporting period
• 2024-06-30 (date) — Previous fiscal year end
• 1252 BORREGAS AVENUE (address) — Company business and mailing address
• SUNNYVALE (location) — City of company headquarters
• DE (location) — State of incorporation

FAQ

Key Financial Figures

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

Filing Documents

• egan-20240930x10q.htm (10-Q) — 1456KB
• egan-20240930xex31d1.htm (EX-31.1) — 15KB
• egan-20240930xex31d2.htm (EX-31.2) — 15KB
• egan-20240930xex32d1.htm (EX-32.1) — 7KB
• egan-20240930xex32d2.htm (EX-32.2) — 7KB
• 0001558370-24-015305.txt ( ) — 5468KB
• egan-20240930.xsd (EX-101.SCH) — 32KB
• egan-20240930_cal.xml (EX-101.CAL) — 46KB
• egan-20240930_def.xml (EX-101.DEF) — 132KB
• egan-20240930_lab.xml (EX-101.LAB) — 345KB
• egan-20240930_pre.xml (EX-101.PRE) — 238KB
• egan-20240930x10q_htm.xml (XML) — 761KB

Financial Statements (Unaudited)

Financial Statements (Unaudited) 2 Condensed Consolidated Balance Sheets as of September 30, 2024 and June 30, 2024 2 Condensed Consolidated Statements of Operations for the Three Months Ended September 30, 2024 and 2023 3 Condensed Consolidated Statements of Comprehensive Income for the Three Months Ended September 30, 2024 and 2023 4 Condensed Consolidated Statements of Stockholders' Equity for the Three Months Ended September 30, 2024 and 2023 5 Condensed Consolidated Statements of Cash Flows for the Three Months Ended September 30, 2024 and 2023 6 Notes to Condensed Consolidated Financial Statements 7 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 21 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 33 Item 4.

Controls and Procedures

Controls and Procedures 33 PART II. OTHER INFORMATION 35 Item 1.

Legal Proceedings

Legal Proceedings 35 Item 1A.

Risk Factors

Risk Factors 35 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 53 Item 5. Other Information 53 Item 6. Exhibits 54

Signatures

Signatures 55 i 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) September 30, June 30, 2024 2024 ASSETS Current assets: Cash and cash equivalents $ 67,205 $ 70,003 Restricted cash 8 8 Accounts receivable, less provision for credit losses of $ 125 and $ 59 as of September 30, 2024 and June 30, 2024, respectively 23,045 31,731 Costs capitalized to obtain revenue contracts, net 1,276 1,272 Prepaid expenses 2,331 2,915 Other current assets 857 1,195 Total current assets 94,722 107,124 Property and equipment, net 461 441 Operating lease right-of-use assets 3,621 3,811 Costs capitalized to obtain revenue contracts, net of current portion 1,684 1,779 Goodwill 13,186 13,186 Other assets, net 1,247 1,511 Total assets $ 114,921 $ 127,852 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 1,906 $ 2,725 Accrued compensation 6,280 7,642 Accrued liabilities 2,513 5,078 Operating lease liabilities 1,173 1,179 Deferred revenue 41,033 45,989 Total current liabilities 52,905 62,613 Deferred revenue, net of current portion 2,875 3,280 Operating lease liabilities, net of current portion 2,455 2,592 Other long-term liabilities 938 871 Total liabilities 59,173 69,356 Commitments and contingencies (Note 6) Stockholders' equity: Common stock, par value $ 0.001 - authorized: 60,000 shares; issued: 32,730 and 32,698 shares; outstanding: 28,522 and 29,160 shares as of September 30, 2024 and June 30, 2024, respectively 33 33 Additional paid-in capital 408,211 407,416 Treasury stock, at cost: 4,208 and 3,538 common shares as of September 30, 2024 and June 30, 2024, respectively ( 27,616 ) ( 23,031 ) Notes receivable from stockholders ( 21 ) ( 21 ) Accumulated other comprehensive loss ( 1,850 ) ( 2,240 ) Accumulated deficit ( 323,009 ) (

View Full Filing

View this 10-Q filing on SEC EDGAR