Business
Five9 Reports Fourth Quarter Revenue Growth of 20% to a Record $208.3 Million
32% Growth in LTM Enterprise Subscription Revenue 44% Growth in 2022 International Revenue Record Operating Cash Flow of $32.7 Million SAN RAMON,
About this update from Five9, Inc.
[{"type":"text","content":"\n32% Growth in LTM Enterprise Subscription Revenue\n\n44% Growth in 2022 International Revenue\n\nRecord Operating Cash Flow of $32.7 Million\n\n SAN RAMON, Calif.--(BUSINESS WIRE)--\nFive9, Inc. (NASDAQ:FIVN), a leading provider of cloud contact center software, today reported results for the fourth quarter and full year ended December 31, 2022.\n\nFourth Quarter 2022 Financial Results\n\n\nRevenue for the fourth quarter of 2022 increased 20% to a record $208.3 million, compared to $173.6 million for the fourth quarter of 2021.\n\n\nGAAP gross margin was 53.8% for the fourth quarter of 2022, compared to 54.1% for the fourth quarter of 2021.\n\n\nAdjusted gross margin was 62.3% for the fourth quarter of 2022, compared to 62.8% for the fourth quarter of 2021.\n\n\nGAAP net loss for the fourth quarter of 2022 was $(13.7) million, or $(0.19) per basic share, compared to GAAP net loss of $(3.6) million, or $(0.05) per basic share, for the fourth quarter of 2021.\n\n\nNon-GAAP net income for the fourth quarter of 2022 was $39.0 million, or $0.54 per diluted share, compared to non-GAAP net income of $30.1 million, or $0.42 per diluted share, for the fourth quarter of 2021.\n\n\nAdjusted EBITDA for the fourth quarter of 2022 was $46.2 million, or 22.2% of revenue, compared to $36.9 million, or 21.3% of revenue, for the fourth quarter of 2021.\n\n\nGAAP operating cash flow for the fourth quarter of 2022 was $32.7 million, compared to GAAP operating cash flow of $8.6 million for the fourth quarter of 2021.\n\n\n2022 Financial Results\n\n\nTotal revenue for 2022 increased 28% to a record $778.8 million, compared to $609.6 million in 2021.\n\n\nGAAP gross margin was 52.8% for 2022, compared to 55.5% in 2021.\n\n\nAdjusted gross margin was 61.3% for 2022, compared to 63.5% in 2021.\n\n\nGAAP net loss for 2022 was $(94.7) million, or $(1.35) per basic share, compared to GAAP net loss of $(53.0) million, or $(0.79) per basic share, in 2021.\n\n\nNon-GAAP net income for 2022 was $106.7 million, or $1.50 per diluted share, compared to non-GAAP net income of $82.2 million, or $1.16 per diluted share, in 2021.\n\n\nAdjusted EBITDA for 2022 was $140.4 million, or 18.0% of revenue, compared to $110.5 million, or 18.1% of revenue, in 2021.\n\n\nGAAP operating cash flow for 2022 was $88.9 million, compared to GAAP operating cash flow of $29.0 millio...