Business
Five9 Reports Fourth Quarter Revenue Growth of 28% to a Record $92.3 Million
34% Growth in LTM Enterprise Subscription Revenue Fourth Quarter GAAP Net Income of $0.8 Million Fourth Quarter Adjusted EBITDA of $19.6 Million, or 21.2% of
About this update from Five9, Inc.
[{"type":"text","content":"\n34% Growth in LTM Enterprise Subscription Revenue\n\n\nFourth Quarter GAAP Net Income of $0.8 Million\n\n\nFourth Quarter Adjusted EBITDA of $19.6 Million, or 21.2% of Revenue\n\n SAN RAMON, Calif.--(BUSINESS WIRE)--\nFive9, Inc. (NASDAQ:FIVN), a leading provider of cloud contact center software for the digital enterprise, today reported results for the fourth quarter and full year ended December 31, 2019.\n\n\nFourth Quarter 2019 Financial Results\n\n\n\nRevenue for the fourth quarter of 2019 increased 28% to a record $92.3 million, compared to $72.3 million for the fourth quarter of 2018.\n\n\nGAAP gross margin was 58.9% for the fourth quarter of 2019, compared to 60.8% for the fourth quarter of 2018.\n\n\nAdjusted gross margin was 64.4% for the fourth quarter of 2019, compared to 65.1% for the fourth quarter of 2018.\n\n\nGAAP net income for the fourth quarter of 2019 was $0.8 million, or $0.01 per diluted share, compared to GAAP net income of $3.7 million, or $0.06 per diluted share, for the fourth quarter of 2018.\n\n\nNon-GAAP net income for the fourth quarter of 2019 was $17.0 million, or $0.27 per diluted share, compared to non-GAAP net income of $14.5 million, or $0.23 per diluted share, for the fourth quarter of 2018.\n\n\nAdjusted EBITDA for the fourth quarter of 2019 was $19.6 million, or 21.2% of revenue, compared to $16.4 million, or 22.7% of revenue, for the fourth quarter of 2018.\n\n\nGAAP operating cash flow for the fourth quarter of 2019 was $15.6 million, compared to GAAP operating cash flow of $15.5 million for the fourth quarter of 2018.\n\n\n\n2019 Financial Results\n\n\n\nTotal revenue for 2019 increased 27% to a record $328.0 million, compared to $257.7 million in 2018.\n\n\nGAAP gross margin was 59.0% for 2019, compared to 59.6% in 2018.\n\n\nAdjusted gross margin was 64.2% for 2019, compared to 63.9% in 2018.\n\n\nGAAP net loss for 2019 was $(4.6) million, or $(0.08) per basic share, compared to a GAAP net loss of $(0.2) million, or $(0.00) per basic share, in 2018.\n\n\nNon-GAAP net income for 2019 was $52.1 million, or $0.82 per diluted share, compared to a non-GAAP net income of $37.0 million, or $0.60 per diluted share, in 2018.\n\n\nAdjusted EBITDA for 2019 was $60.8 million, or a record 18.5% of revenue, compared to $46.4 million, or 18.0% of revenue, in 2018.\n\n\nGAAP operating cash flow for ...