LivePerson, Inc.
6.31-0.24 (-3.66%)
Oct 28, 4:00:01 PM EDT · NasdaqGS · LPSN · USD
Key Stats
Market Cap
63.35MP/E (TTM)
-Basic EPS (TTM)
-28.50Dividend Yield
0%Recent Filings
8-K
8-K
LivePerson Closes Debt Exchange
LivePerson closed its exchange of $341.1 million in 2026 convertible notes for $45 million cash, $115 million in 10% secured notes due 2029, 53.3 million common shares, and 26,551 shares of Series B preferred stock on September 12, 2025, deleveraging by $226 million while extending maturities to 2029. This strengthens the balance sheet and shifts value to equity holders via a $181 million debt discount. Preferred stock converts to common upon stockholder approval of a charter amendment at the October 2 meeting. Yet, failure to approve risks higher 20% dividends by September 2026.
8-K
Proxy clarification on split
LivePerson clarified its proxy proposal for potential reverse stock split authorization, triggered by a May 1, 2025 Nasdaq notice on minimum bid price compliance. The board would implement it only if deemed beneficial, while the stock has traded above $1.00 for eight straight days as of August 28, 2025. No decision yet on necessity. Forward-looking risks include market volatility and debt refinancing challenges.
10-Q
Q2 FY2025 results
LivePerson's Q2 revenue fell 25% year-over-year to $59.6 million, with hosted services down amid customer cancellations and usage drops, while professional services declined 26%. Gross margin held at 70%, but operating loss narrowed to $6.4 million from $29.8 million, thanks to sharp cuts in sales, G&A, and R&D expenses. Diluted EPS improved to -$0.17 from -$0.33, reconciling with 94.1 million weighted shares and anti-dilutive effects from notes and warrants. Cash dipped to $162 million, with free cash flow negative at $22.7 million (derived) and $538 million in convertible notes outstanding, including a planned exchange for preferred stock and second lien notes. Revenue retention sits at 78%, below targets. Nasdaq delisting looms if shares stay below $1.
8-K
Q2 Revenue Down, Debt Refinanced
LivePerson reported Q2 2025 revenue of $59.6 million, down 25.4% year-over-year due to customer cancellations, yet hit the high end of guidance with adjusted EBITDA of $2.9 million. A key refinancing deal slashed debt by $226 million and captured $181 million in discounts, extending runway to 2029 while boosting AI conversations 45% sequentially. Signed 38 deals, lifting ARPC to $655,000. Debt overhang eased, but revenue slides persist.
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