Five9 (FIVN) Tops Q4 EPS by 3c, Beats on Revenues; Offers FY18 EPS Guidance Above Consensus, FY18 Revenues Mid-Point Above Consensus

Note: EPS may not be comparable

Five9 (NASDAQ: FIVN) reported Q4 EPS of $0.07, $0.03 better than the analyst estimate of $0.04. Revenue for the quarter came in at $55.4 million versus the consensus estimate of $52.26 million.

Business Outlook

On January 1, 2018, Five9 adopted Accounting Standards Codification (ASC) 606 “Revenue from Contracts with Customers” using the modified retrospective transition method. The guidance below includes the expected impact of the adoption of this new revenuestandard, which replaced ASC 605. For the full year and first quarter of 2018, we expect no material difference in revenue between ASC 606 and ASC 605. Under ASC 606, we expect to add approximately $5 million to $7 million to GAAP and non-GAAP net income for the full year 2018 and approximately $0.5 million to $1.5 million to GAAP and non-GAAP net income for the first quarter of 2018.

For the full year 2018, Five9 expects to report:

• Revenue in the range of $231 to $234 million.
• GAAP net loss in the range of $(13.4) to $(10.4) million, or $(0.23) to $(0.18) per basic share.
• Non-GAAP net income in the range of $12.6 to $15.6 million, or $0.20 to $0.25 per diluted share.

For the first quarter of 2018, Five9 expects to report:

• Revenue in the range of $54.5 to $55.5 million.
• GAAP net loss in the range of $(4.5) to $(3.5) million, or a loss of $(0.08) to $(0.06) per basic share.
• Non-GAAP net income in the range of $1.3 to $2.3 million, or $0.02 to $0.04 per diluted share.

GUIDANCE:

Five9 sees FY2018 EPS of $0.20-$0.25, versus the consensus of $0.13. Five9 sees FY2018 revenue of $231-234 million, versus the consensus of $231.39 million.

For earnings history and earnings-related data on Five9 (FIVN) click here.

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