LivePerson Files Q3 2024 10-Q Report

TL;DR

LivePerson's Q3 2024 10-Q is in. Check financials for performance update.

AI Summary

LivePerson Inc. filed its Q3 2024 10-Q report on November 8, 2024, covering the period ending September 30, 2024. The filing details the company's financial performance and position for the third quarter and the year-to-date period. Key financial data and disclosures relevant to investors are included.

Why It Matters

This filing provides investors with the official financial results and operational details for LivePerson Inc. during the third quarter of 2024, crucial for understanding the company's current performance and future outlook.

Risk Assessment

Risk Level: medium — 10-Q filings are standard financial reports, but the specific content within this filing could reveal risks or opportunities impacting the company's stock.

Key Players & Entities

• LIVEPERSON INC (company) — Filer of the 10-Q report
• 20240930 (date) — End of the reporting period
• 20241108 (date) — Filing date of the report
• 530 7TH AVENUE (location) — Company's business and mailing address
• NEW YORK (location) — Company's city
• 10018 (location) — Company's zip code

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share LPSN The Nasdaq Stock Market

Filing Documents

• lpsn-20240930.htm (10-Q) — 1661KB
• q32024ex311-ceocertificati.htm (EX-31.1) — 11KB
• q32024ex312-cfocertificati.htm (EX-31.2) — 11KB
• q32024ex321-ceocertificati.htm (EX-32.1) — 6KB
• q32024ex322-cfocertificati.htm (EX-32.2) — 6KB
• 0001102993-24-000173.txt ( ) — 9795KB
• lpsn-20240930.xsd (EX-101.SCH) — 69KB
• lpsn-20240930_cal.xml (EX-101.CAL) — 83KB
• lpsn-20240930_def.xml (EX-101.DEF) — 380KB
• lpsn-20240930_lab.xml (EX-101.LAB) — 844KB
• lpsn-20240930_pre.xml (EX-101.PRE) — 609KB
• lpsn-20240930_htm.xml (XML) — 1484KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements (Unaudited)

Item 1. Financial Statements (Unaudited): 4 Condensed Consolidated Balance Sheets as of September 30, 2024 and December 31, 2023 4 Condensed Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2024 and 2023 5 Condensed Consolidated Statements of Comprehensive Loss for the Three and Nine Months Ended September 30, 2024 and 2023 6 Condensed Consolidated Statements of Stockholders' Equity for the Three and Nine Months Ended September 30, 2024 and 2023 7 Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2024 and 2023 9 Notes to Condensed Consolidated Financial Statements 11

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

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 37

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 44

Controls and Procedures

Item 4. Controls and Procedures 44

OTHER INFORMATION

PART II. OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 46

Risk Factors

Item 1A. Risk Factors 46

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 49

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 49

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 49

Other Information

Item 5. Other Information 49

Exhibits

Item 6. Exhibits 50

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS

— FINANCIAL INFORMATION

Part I — FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements LIVEPERSON, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) September 30, 2024 December 31, 2023 (In thousands) ASSETS Current assets: Cash and cash equivalents $ 142,104 $ 210,782 Restricted cash — 2,143 Accounts receivable, net of allowance for credit losses of $ 9,532 and $ 9,290 as of September 30, 2024 and December 31, 2023, respectively 49,947 81,802 Prepaid expenses and other current assets (Note 1) 21,208 26,981 Total current assets 213,259 321,708 Operating lease right-of-use assets (Note 9) 98 4,135 Property and equipment, net (Note 6) 105,120 119,325 Contract acquisition costs, net (Note 2) 35,819 37,354 Intangible assets, net (Note 5) 49,900 61,625 Goodwill (Note 5) 282,331 285,631 Deferred tax assets 4,550 4,527 Other assets 949 1,208 Total assets $ 692,026 $ 835,513 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 17,680 $ 13,555 Accrued expenses and other current liabilities (Note 7) 75,102 97,024 Deferred revenue (Note 2) 75,606 81,858 Convertible senior notes (Note 8) — 72,393 Operating lease liabilities (Note 9) 141 2,719 Total current liabilities 168,529 267,549 Convertible senior notes, net of current portion (Note 8) 470,304 511,565 Operating lease liabilities, net of current portion (Note 9) — 2,173 Deferred tax liabilities 3,389 2,930 Other liabilities 3,898 3,158 Total liabilities 646,120 787,375 Commitments and contingencies (Note 11) Stockholders' equity: Preferred stock, $ 0.001 par value - 5,000,000 shares authorized, none issued — — Common stock, $ 0.001 par value - 200,000,000 shares authorized, 93,076,963 and 90,603,519 shares issued, 90,310,890 and 87,837,446 shares outstanding as of September 30, 2024 and December 31, 2023, respectively. 93 91 Treasury stock - 2,766,073 shares as of September 30, 2024 and December 31, 2023 ( 3 ) ( 3 ) Additional paid-in capital 932,602 913,522 Accumulated deficit ( 879,133 )

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View this 10-Q filing on SEC EDGAR