Hot Stock in Focus: Five9, Inc. (NASDAQ: FIVN)

On Wednesday, Five9, Inc. (NASDAQ: FIVN) shares price traded between $32.94 and $34.51 during the last trading session below with -2.78% at $33.27. The shares recorded a trading volume 673,422 shares as compared to its average volume of 653,523 shares. The company has 57.68M shares outstanding and market value of 1.919B. Over the one year trading period, the stock has a peak price of $39.55 and its down is recorded at $19.53. The short ratio in the stock is 2.63 and the short float is around of 3.31%.

Five9, Inc. (FIVN) recently stated results for the first quarter ended March 31, 2018.

First Quarter 2018 Financial Results

  • Revenue for the first quarter of 2018 raised 25% to a record $58.9M, contrast to $47.0M for the first quarter of 2017. Under ASC 605, revenue for the first quarter of 2018 would have raised 24% to a record $58.2M.
  • GAAP gross margin was 58.1% for the first quarter of 2018, contrast to 57.5% for the first quarter of 2017. Under ASC 605, GAAP gross margin for the first quarter of 2018 would have been 57.9%.
  • Adjusted gross margin was 62.3% for the first quarter of 2018, contrast to 61.8% for the first quarter of 2017. Under ASC 605, adjusted gross margin for the first quarter of 2018 would have been 62.2%.
  • GAAP net loss for the first quarter of 2018 was $(0.6)M, or $(0.01) per basic share, contrast to a GAAP net loss of $(5.3)M, or $(0.10) per basic share, for the first quarter of 2017. Under ASC 605, GAAP net loss for the first quarter of 2018 would have been $(2.8)M, or $(0.05) per basic share.
  • Non-GAAP net income for the first quarter of 2018 was $4.5M, or $0.08 per diluted share, contrast to a non-GAAP net loss of $(0.3)M, or $(0.00) per basic share, for the first quarter of 2017. Under ASC 605, non-GAAP net income for the first quarter of 2018 would have been $2.3M, or $0.04 per diluted share.
  • Adjusted EBITDA for the first quarter of 2018 was $7.5M, or 12.7% of revenue, contrast to $2.6M, or 5.6% of revenue, for the first quarter of 2017. Under ASC 605, adjusted EBITDA for the first quarter of 2018 would have been $5.3M, or 9.2% of revenue.
  • GAAP operating cash flow for the first quarter of 2018 was $8.0M, contrast to GAAP operating cash flow of $0.2M for the first quarter of 2017.

Business Outlook

On January 1, 2018, Five9 adopted Accounting Standards Codification (ASC) 606 “Revenue from Contracts with Consumers” using the modified retrospective transition method. The guidance below includes the predictable impact of the adoption of this new revenue standard, which replaced ASC 605.

  • For the full year 2018, Five9 expects to report:

    • Revenue in the range of $235.8 to $238.8M, up from the previous guidance range of $231.0 to $234.0M that was before provided on February 21, 2018.
    • GAAP net loss in the range of $(13.0) to $(10.0)M, or $(0.22) to $(0.17) per basic share, improved from the previous guidance range of $(13.4) to $(10.4)M, or $(0.23) to $(0.18) per basic share, that was before provided on February 21, 2018.
    • Non-GAAP net income in the range of $15.4 to $18.4M, or $0.25 to $0.30 per diluted share, improved from the previous guidance range of $12.6 to $15.6M, or $0.20 to $0.25 per diluted share, that was before provided on February 21, 2018.

  • For the second quarter of 2018, Five9 expects to report:

    • Revenue in the range of $55.8 to $56.8M.
    • GAAP net loss in the range of $(5.9) to $(4.9)M, or a loss of $(0.10) to $(0.08) per basic share.
    • Non-GAAP net income in the range of $1.7 to $2.7M, or $0.03 to $0.04 per diluted share.

(FIVN) stock price showed weak performance of -14.19% in last seven days, switched down -1.71% in last thirty days and it rose 51.43% in last one year.

      

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