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Egain Corp (EGAN) SEC Filing 10-K Annual Report for the fiscal year ending Thursday, June 30, 2022

Egain Corp

CIK: 1066194 Ticker: EGAN

Exhibit 99.1

eGain Reports 21% SaaS Revenue Growth for Fiscal 2022 Driven by Increased Demand

for Knowledge Powered Digital Customer Engagement Solutions

eGain to Host Analyst/Investor Day on October 11th at its Annual User Group Meeting in Las Vegas

Sunnyvale, CA (September 8, 2022) –

eGain (Nasdaq: EGAN), the leading AI knowledge platform for customer engagement automation, today announced financial results for its fiscal 2022 fourth quarter and full year ended June 30, 2022.

“We finished the year strong, delivering top and bottom-line results ahead of our guidance and street consensus,” said Ashu Roy, eGain’s CEO. “Demand for our knowledge powered customer engagement offering is robust and we are well positioned to continue our positive momentum and grow our market share in our new fiscal year. During the year, we generated over $8 million in cash from operations, strengthening our balance sheet while also investing in product, sales and marketing to drive continued revenue growth.”

Fiscal 2022 Fourth Quarter Financial Highlights

Total revenue was $23.5 million, up 16% year over year (20% in constant currency).
SaaS revenue was $20.6 million, up 15% year over year (18% in constant currency).
GAAP net loss was $1.6 million, or $0.05 per share on a basic and diluted basis, compared to GAAP net income of $2.0 million, or $0.07 per share on a basic basis and $0.06 per share on a diluted basis, in Q4 2021.
Non-GAAP net income was $893,000, or $0.03 per share on a basic and diluted basis, compared to non-GAAP net income of $2.5 million, or $0.08 per share on a basic and diluted basis, in Q4 2021.
Cash provided by operations was $2.3 million, or 10% operating cash flow margin.

Fiscal 2022 Full Year Financial Highlights

Total revenue was $92.0 million, up 17% year over year (18% in constant currency).
SaaS revenue was $80.9 million, up 21% year over year (21% in constant currency).
GAAP net loss was $2.4 million, or $0.08 per share on a basic and diluted basis, compared to GAAP net income of $7.0 million, or $0.22 per share on a basic basis and $0.21 per share on a diluted basis, in fiscal year 2021.
Non-GAAP net income was $8.9 million, or $0.28 per share on a basic basis and $0.27 per share on a diluted basis, compared to non-GAAP net income of $8.7 million, or $0.28 per share on a basic basis and $0.27 per share on a diluted basis, in fiscal 2021.
Cash provided by operations for fiscal 2022 was $8.1 million, or 9% operating cash flow margin.
Total cash and cash equivalents, as of June 30, 2022, was $72.2 million, up 14% compared to $63.2 million as of June 30, 2021.

Fiscal 2023 First Quarter Financial Guidance

For the first quarter of fiscal 2023 ending September 30, 2022, eGain expects:

Total revenue of between $24.0 million to $24.5 million, representing growth of 12% to 14% year over year.
Non-GAAP total revenue, adjusted for constant currency, of between $25.1 million to $25.6 million, representing growth of 17% to 19%.
GAAP net loss of $2.1 million to $2.3 million, or $0.07 per share.
oIncludes stock-based compensation expense of approximately $2.5 million.
oIncludes depreciation and amortization of approximately $120,000.
Non-GAAP net income of $200,000 to $400,000, or $0.01 per share.

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The following information was filed by Egain Corp (EGAN) on Thursday, September 8, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Egain Corp's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive (Loss) Income
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Consolidated Statements Of Stockholders' Equity
Balance Sheet Components
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Balance Sheet Components - Additional Information (Details)
Balance Sheet Components - Summary Of Accrued Compensation (Detail)
Balance Sheet Components - Summary Of Accrued Liabilities (Detail)
Balance Sheet Components - Summary Of Property Plant Equipment (Detail)
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Income Taxes - Reconciliation Of Federal Statutory Tax Rate To Effective Tax Rate (Detail)
Income Taxes - Uncertain Tax Positions (Detail)
Intangible Assets
Intangible Assets (Tables)
Intangible Assets - Intangible Assets And Estimated Amortizable Lives (Details)
Leases
Leases (Tables)
Leases - Consolidated Statement Of Operations Information (Details)
Leases - Maturities Of Lease Liabilities (Details)
Leases - Weighted Average Lease Term And Discount (Details)
Litigation
Quarterly Financial Data
Quarterly Financial Data (Tables)
Quarterly Financial Data - Summary Of Quarterly Results Of Operations And Share Data (Detail)
Revenue Recognition
Revenue Recognition (Tables)
Revenue Recognition - Changes In Contract Liabilities (Details)
Revenue Recognition - Disaggregation Of Revenue (Details)
Revenue Recognition - Remaining Performance Obligations (Details)
Revenue Recognition - Revenue By Geography (Details)
Schedule Ii - Valuation And Qualifying Accounts
Schedule Ii - Valuation And Qualifying Accounts (Detail)
Stockholders Equity - Authorized Shares (Details)
Stockholders' Equity
Stockholders' Equity (Tables)
Stockholders' Equity - 2017 Emplyee Stock Purchase Plan (Detail)
Stockholders' Equity - Activity Under 2005 Management Stock Option Plan (Detail)
Stockholders' Equity - Activity Under 2005 Stock Incentive Plan (Detail)
Stockholders' Equity - Additional Information (Detail)
Stockholders' Equity - Reserved Shares Of Common Stock For Issuance (Detail)
Stockholders' Equity - Stock Option Valuation Assumptions (Detail)
Stockholders' Equity - Stock-Based Compensation (Details)
Stockholders' Equity - Summary Of Effect Of Stock Based Compensation (Detail)
Stockholders' Equity - Summary Of Option Vested And Exercisable (Detail)
Stockholders' Equity - Summary Of Stock Options Outstanding And Exercisable Under All Stock Option Plans (Detail)
Summary Of Business And Significant Accounting Policies
Summary Of Business And Significant Accounting Policies (Policies)
Summary Of Business And Significant Accounting Policies (Tables)
Summary Of Business And Significant Accounting Policies - (Loss) Earnings Per Common Share (Detail)
Summary Of Business And Significant Accounting Policies - Concentration Of Credit Risk (Details)
Summary Of Business And Significant Accounting Policies - Costs Capitalized To Obtain Revenue Contracts (Details)
Summary Of Business And Significant Accounting Policies - Deferred Financing Costs (Details)
Summary Of Business And Significant Accounting Policies - Foreign Currency (Detail)
Summary Of Business And Significant Accounting Policies - Property, Equipment, And Intangible Assets (Detail)
Summary Of Business And Significant Accounting Policies - Revenue Recognition (Details)
Summary Of Business And Significant Accounting Policies - Segment Information (Details)
Ticker: EGAN
CIK: 1066194
Form Type: 10-K Annual Report
Accession Number: 0001558370-22-014362
Submitted to the SEC: Tue Sep 13 2022 4:01:43 PM EST
Accepted by the SEC: Tue Sep 13 2022
Period: Thursday, June 30, 2022
Industry: Prepackaged Software

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