LivePerson (NASDAQ:LPSN) spotted trading -48.26% off 52-week high price. On the other end, the stock has been noted 66.12% away from the low price over the last 52-weeks. The stock changed 2.14% to recent value of $23.39. The stock transacted 887397 shares during most recent day however it has an average volume of 1.37M shares. The company has 72.54M of outstanding shares and 58.57M shares were floated in the market.
On May 05, 2020, LivePerson (NASDAQ:LPSN) a leading provider of conversational solutions, released financial results for the first quarter ended March 31, 2020.
First Quarter Highlights
Total revenue was $78.1 million for the first quarter of 2020, an increase of 18% as compared to the same period last year. Within total revenue, business operations revenue for the first quarter of 2020 increased 18% year over year to $71.8 million, and revenue from consumer operations increased 15% year over year to $6.2 million.
LivePerson signed 130 deals in the first quarter, an increase of 10% year over year, including the addition of 56 new and 74 existing customer contracts. Trailing-twelve-months average revenue per enterprise and mid-market customer increased greater than 20% in the first quarter to a record $365,000, up from approximately $300,000 in the equivalent prior-year period.
The COVID crisis was a wake up call that the legacy call center model is a relic and incapable of supporting a remote from home workforce, said LivePerson CEO and founder, Rob LoCascio. Whereas the corporate world turned to video conferencing applications to support office workers, LiveEngage is filling the void for the contact center. We are seeing Conversational Commerce adoption trends accelerate with many of our customers, and a new normal is emerging where brands are leading with AI-powered messaging built and managed by work from home agents. Clearly, there are macro-environmental risks to navigate, but our vision is more relevant than ever, and we are well positioned to come through this crisis a stronger company.
Its earnings per share (EPS) expected to touch remained -263.00% for this year while earning per share for the next 5-years is expected to reach at 30.00%. LPSN has a gross margin of 73.00% and an operating margin of -29.80% while its profit margin remained -32.90% for the last 12 months.
According to the most recent quarter its current ratio was 1.6 that represents company’s ability to meet its current financial obligations. The price moved ahead of 4.06% from the mean of 20 days, 5.30% from mean of 50 days SMA and performed -31.64% from mean of 200 days price. Company’s performance for the week was -0.21%, 12.89% for month and YTD performance remained -36.78%.