The stock of LivePerson Inc (LPSN) closed the recent trading session at $24.34, gaining 6.61% from the previous trading session. During the last check, the stock of LPSN lost 33.94% to $16.08, in the pre-market. The company declared the fiscal outlook for Q4 & FY21. LPSN also filed forms 4 and 8-K with SEC on 24 February 2022.
LivePerson is a SaaS supplier that creates client commitment and conversational commerce applications and platforms. LPSN is most popular as the designer of the conversational cloud, a software that permits consumers to interact with the brands. The market capitalization of LPSN is $1.72 billion and 70.76 pending shares. LPSN has its base in New York, United States of America (USA).
LPSN Financials
LivePerson Inc declared its financial performance for Q4 and FY21 on 24 February 2022. The Q4 and FY21 ended on 31 December 2021. The main features of the financial outlook are
- LPSN reported the total sales for Q4 of FY21 to be $123.8 million. YoY revenue grew by 28.09% from $366.6 million in FY20 to $469.6 million in FY21.
- The operating loss for LPSN in Q4 of FY21 was $45.2 million versus $6.6 million in Q$ of FY20. Moreover, YoY operational loss expanded by 4.2% from $89.4 million in FY20 to $93.2 million in FY21.
- Further, LivePerson recorded a total loss of $49.8 million in Q4 of FY21. Also, the net loss expanded by 16.1% YoY.
- Not only but also, the loss of $0.70 and $1.80 per stock in Q4 and FY21, respectively.
FY22 fiscal guidance
LivePerson anticipates the total sales for FY22 to be in the range of $544.8 to $563.3 million. Moreover, the company anticipates the growth in sales to be between 16% – 20%.
CEO Remarks
The CEO of LPSN, Robert LoCascio, commented that the company delivered the record fiscal year of 2021. Mr. LoCascio further stated that they expect 2022 to drive profitable development for them.
What do the analysts say?
The analysts at Ever ISI Group downgraded the stock rating from outperform to in-line, changing the target price from $75 to $20. Also, analysts at B Riley Securities changed the stock rating too. The rating was downgraded from buy to neutral, setting a target price of $23.
