LiveVox GAAP EPS of -$0.12 in-line, revenue of $33M misses by $0.76M

Aug. 09, 2022 5:09 PM ETLiveVox Holdings, Inc. (LVOX)By: Niloofer Shaikh, SA News Editor
  • LiveVox press release (NASDAQ:LVOX): Q2 GAAP EPS of -$0.12 in-line.
  • Revenue of $33M (+14.2% Y/Y) misses by $0.76M.
  • “Our Adjusted EBITDA performance came in above the high end of guidance and remains significantly ahead of schedule. We will be Adjusted EBITDA positive in Q4 of 2022, pivoting LiveVox to positive free cashflow in calendar 2023,” said Louis Summe, CEO. “While we are taking prudent cost control measures where needed, our switch to being 100% in the public cloud has fueled this impressive improvement. Despite some weaker than anticipated excess usage revenue in the quarter, we continue to believe that LiveVox is well positioned to benefit from tailwinds in the back half of the year.”

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