Five9 Inc. (NASDAQ: FIVN) shares are up 6.74% in pre-market session to trade at $186 at last check. In Thursday’s session, FIVN stock dropped -2.92% to close at $174.26. The Five9 stock has gained 5.14 percent in the past three months, and 20.01 percent over the last six months. FIVN stock surged following release of its quarterly results.
How FIVN performed?
One of the industry’s leading providers of cloud-based contact center software, Five9 brings customers the power of cloud-based innovation and facilitates more than seven billion phone calls a year. FIVN offers an end-to-end technology solution complete with omni-channel routing, analytics, WFO, and AI with the objective of increasing agent productivity and delivering results. Designed to create exceptional personalized customer experiences, the Five9 Genius platform is secure, reliable, capable of conformity, and scalable.
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Today, Five9 announced its first-quarter results for the quarter ending March 31, 2021.
First Quarter 2021 Financial Results:
As compared with $95.1 million of revenue in the first quarter of 2020, revenue generated by FIVN for the first quarter of 2021 increased 45% to a record $137.9 million.
In the first quarter of 2021, FIVN’s GAAP net losses attributable to equity were $12.3 million, or $0.18 per share, as compared to a GAAP loss of $7.4 million, or $0.12 per share, in the first quarter of 2020.
A non-GAAP net income of $16.1 million, or $0.23 per diluted share, was reported for the first quarter of 2021 b FIVN, versus a non-GAAP net income of $11.1 million, or $0.17 per diluted share, for the first quarter of 2020.
In the first quarter of 2021, adjusted EBITDA of FIVN was $22.2 million, or 16.1% of revenue, compared with $14.1 million, or 14.9% of revenue, in the same period last year.
FIVN’s Guidance for 2021:
Five9 (FIVN) now anticipates the annual revenue to be in the range of $548.5-551 million, an increase over the expected $518.5-521 million range that had previously been provided on February 22, 2021.
A GAAP net loss between $(63.4) and $(60.4) million, or $0.91 to $0.87 per basic share, is below the guidance range between $(63.9) and $(60.9) million, which was previously forecasted by FIVN on February 22, 2021.