Latest news with #EmergingMarket
Malaysian Reserve
3 days ago
- Business
- Malaysian Reserve
Trumid Reports May Performance
Electronic bond trading platform announces record buy-side platform engagement NEW YORK, June 6, 2025 /PRNewswire/ — Trumid, a financial technology company and leading fixed income electronic trading platform, today announced trade volume and user participation highlights for May 2025. May Highlights: May marked another strong month of growth and deepening platform engagement, with record traded volume in Trumid RFQ and accelerating buy-side adoption across Trumid's list trading protocols. Reported Average Daily Volume (ADV) of $6.8B, up 30% year-over-year. A record number of buy-side traders traded daily on Trumid in May, with asset manager ADV up around 60%year-over-year, outpacing growth in overall Trumid volume. Trumid RFQ set another monthly record for volume and trade count, extending its 2025 streak of consecutive month-over-month growth. High response rates from Trumid's fully integrated RFQ responder network of major dealers and leading algorithmic liquidity providers drove protocol ADV and daily average trade count up 122% and 134% year-over-year, respectively. Around 70% more buy-side traders executed trades daily in Trumid RFQ compared to a year ago, with asset managers initiating a record number of lists during the month. Trumid's automated workflow and trade automation tools continued to deliver value for clients. 81% of eligible RFQ line items executed "no touch" via Trumid AutoPilot™ for RFQ in May. Designed for efficient execution, Trumid AutoPilot leverages real-time, client-defined parameters to allow the platform to seamlessly execute trades on their behalf. High response rates from Trumid's fully integrated RFQ responder network of major dealers and leading algorithmic liquidity providers drove protocol ADV and daily average trade count up 122% and 134% year-over-year, respectively. Around 70% more buy-side traders executed trades daily in Trumid RFQ compared to a year ago, with asset managers initiating a record number of lists during the month. Trumid's automated workflow and trade automation tools continued to deliver value for clients. 81% of eligible RFQ line items executed "no touch" via Trumid AutoPilot™ for RFQ in May. Designed for efficient execution, Trumid AutoPilot leverages real-time, client-defined parameters to allow the platform to seamlessly execute trades on their behalf. Trumid press +1 (212) 618-0300 press@ About Trumid Trumid is a financial technology company and fixed income electronic trading platform focused on US dollar-denominated Investment Grade, High Yield, Distressed, and Emerging Market bonds. Trumid optimizes the credit trading experience by combining agile technology and market expertise, with a focus on product design. The result is a differentiated ecosystem of protocols and trading solutions delivered within one intuitive platform. Learn more at © 2025 Trumid Holdings, LLC, and its affiliates. All rights reserved. Trumid Financial, LLC is a broker dealer registered with the U.S. Securities and Exchange Commission ("SEC") and is a member of FINRA and SIPC. Information included in this message does not constitute a trade confirmation or an offer or solicitation of an offer to buy/sell securities or any other products. There is no intention to offer products and services in countries or jurisdictions where such an offer would be unlawful under the relevant domestic law.
Time of India
26-05-2025
- Business
- Time of India
US dollar may remain soft in 2025, boosting emerging market assets: JP Morgan
NEW DELHI: US dollar is expected to stay weak through 2025, potentially benefiting emerging market (EM) assets, according to a research report by JP Morgan. "USD could stay soft this year, which would help EM assets. EM historically traded inversely to the dollar, and the big question is whether the last 15 years' downtrend in EM and the strong USD could be ending," the report noted. The report questions whether the prolonged pattern of USD strength and EM weakness spanning 15 years might end. Emerging Market (EM) assets refer to investments in developing countries. These can offer high returns but also come with higher risks. Historically, EM assets tend to move in the opposite direction of the US dollar. The report also notes that the US dollar's recent stability since mid-April is unlikely to continue. The dollar is expected to weaken in the coming months, primarily due to improving growth patterns outside the US. JP Morgan anticipates EM currencies to find stability against the dollar. The report suggests that decreased recession risks could result in EM currencies performing better than the dollar. "Within EM, we think China could be of interest, with CSI potentially catching up with H-shares, as well as India and Brazil" the report added. The easing of trade-related conflicts seems essential for emerging markets to achieve favourable outcomes. US and China reached an agreement to withdraw their previously announced mutual tariffs for an initial 90-day period. Both nations have reduced their respective tariffs by 115 per cent for the 90-day duration. The report identifies a short-term risk related to possible increases in US bond yields, potentially driven by more substantial tax reductions amid high deficits. Increased US bond yields can negatively affect EM assets. "We recognise that in the near term the chances are that US bond yields move up, potentially driven by prospects of more aggressive tax cuts being attempted in the backdrop of elevated deficits, and by the likely US inflation prints pickup on tariffs follow through" the report continued. A recent report by Jefferies also predicted that Asian currencies are likely to strengthen against the US dollar in the long run. It noted that emerging Asian countries have much higher gross national savings than developed G7 nations, giving their economies a strong base for currency stability. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
India Gazette
26-05-2025
- Business
- India Gazette
JP Morgan forecasts continued soft dollar, bullish for EM assets
ANI 26 May 2025, 09:32 GMT+10 New Delhi [India], May 26 (ANI): The US dollar will remain soft this year which is likely to benefit Emerging Market (EM) assets according to a research report by American investment banking firm JP Morgan. 'USD could stay soft this year, which would help EM assets. EM historically traded inversely to the dollar, and the big question is whether the last 15 years' downtrend in EM and the strong USD could be ending,' says the Market (EM) assets involve putting money into countries with developing economies. While these investments have the potential for significant returns, they also carry elevated EM assets have often traded inversely to the US dollar's performance. The report raises the question of whether the 15-year-old trend of stronger USD and weaker EM assets could come to an to the report, USD's stable run since mid-April is unlikely to last long, which basically means, weakening of the USD against major currencies in the coming quarters, mainly driven by improving growth trends outside the EM currencies are expected to stabilize against the dollar, JP Morgan said. Adding that a reduction in recession risks could even lead to EM currencies outperforming the dollar.'Within EM, we think China could be of interest, with CSI potentially catching up with H-shares, as well as India and Brazil' adds the report Furthermore, the de-escalation in trade uncertainty can also be seen as one of the key catalyst required for positive trajectory of EM's. On the geopolitical side, US and China arrived at an agreement that they will withdraw their previously announced reciprocal tariffs and counter tariffs for an initial period of 90 days. The tariffs for 90 days are reduced by 115 per cent, by both the US and China against each report also acknowledges a near-term risk that is the potential for rising US bond yields. This could be driven by prospects of more aggressive tax cuts amidst elevated deficits. Higher US bond yields can sometimes put pressure on EM assets.'We recognise that in the near term the chances are that US bond yields move up, potentially driven by prospects of more aggressive tax cuts being attempted in the backdrop of elevated deficits, and by the likely US inflation prints pickup on tariffs follow through' says the a report by Jefferies also forecasted that Asian currencies are likely to appreciate against the US dollar in the long term. It also highlighted that the gross national savings in emerging Asian countries are significantly higher than those in developed G7 nations, giving Asian economies a strong foundation for currency strength. (ANI)
Yahoo
22-05-2025
- Business
- Yahoo
Is FlexShares Morningstar Emerging Markets Factor Tilt ETF (TLTE) a Strong ETF Right Now?
Making its debut on 09/25/2012, smart beta exchange traded fund FlexShares Morningstar Emerging Markets Factor Tilt ETF (TLTE) provides investors broad exposure to the Broad Emerging Market ETFs category of the market. Products that are based on market cap weighted indexes, which are strategies designed to reflect a specific market segment or the market as a whole, have traditionally dominated the ETF industry. Investors who believe in market efficiency should consider market cap indexes, as they replicate market returns in a low-cost, convenient, and transparent way. But, there are some investors who would rather invest in smart beta funds; these funds track non-cap weighted strategies, and are a strong option for those who prefer choosing great stocks in order to beat the market. By attempting to pick stocks that have a better chance of risk-return performance, non-cap weighted indexes are based on certain fundamental characteristics, or a combination of such. While this space offers a number of choices to investors, including simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies, not all these strategies have been able to deliver superior results. The fund is managed by Flexshares, and has been able to amass over $254.84 million, which makes it one of the average sized ETFs in the Broad Emerging Market ETFs. TLTE, before fees and expenses, seeks to match the performance of the Morningstar Emerging Markets Factor Tilt Index. The Morningstar Emerging Markets Factor Tilt Index reflects the performance of a selection of equity securities designed to provide broad exposure to the global emerging equities markets, with increased exposure to small-capitalization stocks and value stocks. For ETF investors, expense ratios are an important factor when considering a fund's return; in the long-term, cheaper funds actually have the ability to outperform their more expensive cousins if all other things remain the same. Annual operating expenses for this ETF are 0.57%, making it on par with most peer products in the space. It's 12-month trailing dividend yield comes in at 3.43%. Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis. Taking into account individual holdings, Taiwan Semiconductor Manufacturing Co Ltd Common accounts for about 4.07% of the fund's total assets, followed by Alibaba Group Holding Ltd Common Stock Hkd ( and Tencent Holdings Ltd Common Stock Hkd 0.00002 ( The top 10 holdings account for about 15.68% of total assets under management. Year-to-date, the FlexShares Morningstar Emerging Markets Factor Tilt ETF has added about 8.85% so far, and it's up approximately 5.83% over the last 12 months (as of 05/22/2025). TLTE has traded between $46.89 and $58.58 in this past 52-week period. TLTE has a beta of 0.63 and standard deviation of 15.99% for the trailing three-year period, which makes the fund a medium risk choice in the space. With about 2954 holdings, it effectively diversifies company-specific risk. FlexShares Morningstar Emerging Markets Factor Tilt ETF is not a suitable option for investors seeking to outperform the Broad Emerging Market ETFs segment of the market. Instead, there are other ETFs in the space which investors should consider. Vanguard FTSE Emerging Markets ETF (VWO) tracks FTSE Emerging Markets All Cap China A Inclusion Index and the iShares Core MSCI Emerging Markets ETF (IEMG) tracks MSCI Emerging Markets Investable Market Index. Vanguard FTSE Emerging Markets ETF has $86.60 billion in assets, iShares Core MSCI Emerging Markets ETF has $88.56 billion. VWO has an expense ratio of 0.07% and IEMG charges 0.09%. Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Broad Emerging Market ETFs. To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report FlexShares Morningstar Emerging Markets Factor Tilt ETF (TLTE): ETF Research Reports iShares Core MSCI Emerging Markets ETF (IEMG): ETF Research Reports Vanguard FTSE Emerging Markets ETF (VWO): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-05-2025
- Business
- Yahoo
eGain Announces Third Quarter 2025 Financial Results
SUNNYVALE, Calif., May 14, 2025 (GLOBE NEWSWIRE) -- eGain (Nasdaq: EGAN), the AI knowledge management platform for service, today announced financial results for its fiscal 2025 third quarter ended March 31, 2025. 'Our third quarter results exceeded expectations on profitability and delivered solid operating cash flow,' said Ashu Roy, eGain's CEO. 'Shortly after the quarter closed, we secured one of our largest expansion deals ever with a U.S. megabank. We also launched our AI Agent for Contact Center during the quarter, a breakthrough solution that guides agents in real-time using trusted knowledge and reasoning. As we continue to lead in the AI Knowledge market space, we are especially proud to be recognized by Gartner as an emerging leader in its recently published Emerging Market Quadrant for Generative AI Technologies.' Fiscal 2025 Third Quarter Financial Highlights Total revenue was $21.0 million, down 6% year over year. GAAP net income was $66,000, or $0.00 per share on a basic and diluted basis, compared to a GAAP net income of $1.5 million, or $0.05 per share on a basic and diluted basis, in Q3 2024. Non-GAAP net income was $765,000, or $0.03 per share on a basic and diluted basis, compared to a non-GAAP net income of $2.6 million, or $0.08 per share on a basic and diluted basis, in Q3 2024. Cash provided by operating activities was $2.2 million, or an operating cash flow margin of 11%. Total cash and cash equivalents were $68.7 million, compared to $83.0 million in Q3 2024. Adjusted EBITDA was $1.2 million, compared to $2.3 million in Q3 2024. Total shares purchased through the repurchase program were approximately 895,000 at an average cost per share of $5.61 totaling $5.0 million. Fiscal 2025 First Nine Months Financial Highlights Total revenue was $65.2 million, down 7% year over year. GAAP net income was $1.4 million, or $0.05 per share on a basic and diluted basis, compared to a GAAP net income of $6.3 million, or $0.20 per share on a basic and diluted basis, in the same period last year. Non-GAAP net income was $3.3 million, or $0.12 per share on a basic and diluted basis, compared to a non-GAAP net income of $9.8 million, or $0.31 per share on a basic and diluted basis, in the same period last year. Adjusted EBITDA was $4.2 million, compared to $8.8 million in the same period last year. Cash provided by operating activities was $9.6 million, or an operating cash flow margin of 15%. Fiscal 2025 Fourth Quarter Financial Guidance For the fourth quarter of fiscal 2025 ending June 30, 2025, eGain expects: Total revenue of between $22.8 million to $23.3 million. GAAP net income of $1.1 million to $1.6 million, or $0.04 to $0.06 per share. Includes stock-based compensation expense of approximately $700,000. Includes depreciation and amortization of approximately $100,000. Non-GAAP net income of between $1.7 million to $2.2 million, or $0.06 to $0.08 per share. Fiscal 2025 Financial Guidance For the fiscal 2025 full year ending June 30, 2025, eGain is updating its guidance as follows: eGain is lowering its total revenue guidance range to $88.0 million to $88.5 million. eGain is raising its GAAP net income guidance range to $2.5 million to $3.0 million, or $0.09 to $0.10 per share. Includes stock-based compensation expense of approximately $2.6 million. Includes depreciation and amortization of approximately $360,000. eGain is raising its non-GAAP net income range to $5.1 million to $5.6 million, or $0.18 to $0.20 per share. Guidance Assumption: Weighted average shares outstanding are expected to be approximately 27.8 million for the fourth quarter of fiscal 2025 and 28.6 million for the full fiscal year 2025. Non-GAAP Financial Measures This press release includes certain non-GAAP financial measures as supplemental information relating to eGain's operating results, including adjusted EBITDA and non-GAAP net income. Adjusted EBITDA is defined as net income, adjusted for the impact of depreciation and amortization, stock-based compensation expense, interest income, net, provision for income taxes, other income (expense), net and severance and related charges. Non-GAAP net income measure is adjusted for stock-based compensation expense. eGain's management has analyzed the effect of these non-GAAP adjustments on our provision for income taxes and believes the change in our provision for income taxes would be minimal due to these non-GAAP adjustments being attributed to the U.S. jurisdiction where it has recorded a full valuation allowance against the deferred taxes. Non-GAAP results are presented for supplemental informational purposes only and should not be considered a substitute for financial information presented in accordance with generally accepted accounting principles, or GAAP, and may be different from non-GAAP measures used by other companies. eGain's management uses these non-GAAP measures to compare our performance to that of prior periods for trend analysis and for budgeting and planning purposes. eGain believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing our financial measures with other software companies, many of which present similar non-GAAP financial measures to investors, and that it allows for greater transparency with respect to key metrics used by management in our financial and operational decision-making. Reconciliation tables of the most comparable GAAP financial measures to the non-GAAP financial measures used in this press release are included with the financial tables at the end of this release. eGain urges investors to review the reconciliation and not to rely on any single financial measure to evaluate our business. In addition, this press release includes eGain's projected non-GAAP net income for future periods, a non-GAAP measure used to describe eGain's expected performance. We have not presented a reconciliation to eGain's projected net income, the most comparable GAAP financial measure, because the reconciliation could not be prepared without unreasonable effort. The information necessary to prepare the reconciliation is not available on a forward-looking basis and cannot be accurately predicted. The unavailable information could have a significant impact on the calculation of the comparable GAAP financial measure. Conference Call Information eGain will discuss its fiscal 2025 third quarter results today via a teleconference at 2:00 p.m., Pacific Time. To access the live call, dial 844-481-2704 (U.S. toll free) or +1 412-317-0660 (International) and ask to join the eGain earnings call. A live and archived webcast of the call will also be accessible on the 'Investor relations' section of eGain's website at In addition, a phone replay of the conference call will be available starting two hours after the call and will remain in effect for one week. To access the phone replay, dial 877-344-7529 (U.S. toll free) or +1 412-317-0088 (International). The replay access code is 3791378. About eGain eGain AI Knowledge Hub helps businesses improve experience and reduce cost by delivering trusted, consumable answers. Visit for more info. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, including without limitation: our financial guidance for the fourth quarter of fiscal 2025 and fiscal 2025 full year ending June 30, 2025; our market opportunity; and our market position. The achievement or success of the matters covered by such forward-looking statements, including future financial guidance, involves risks, uncertainties, and assumptions, many of which involve factors or circumstances that are beyond our control. If any such risks or uncertainties materialize or if any of the assumptions prove incorrect, our actual results could differ materially from the results expressed or implied by the forward-looking statements we make, including our ability to achieve our targets for the fourth quarter of fiscal 2025 and fiscal 2025 full year ending June 30, 2025. The risks and uncertainties referred to above include, but are not limited to: risks to our business, operating results, and financial condition; the pace of technological advancements in generative AI and the adaptability of our services to incorporate these advancements; market demand for AI-enabled solutions; risks associated with new product releases and new services and products features; risks that customer demand may fluctuate or decrease; risks that we are unable to collect unbilled contractual commitments, particularly in the current economic environment; risks that our lengthy sales cycles may negatively affect our operating results; currency risks; our ability to capitalize on customer engagement; risks related to our reliance on a relatively small number of customers for a substantial portion of our revenue; our ability to compete successfully and manage growth; our ability to develop and expand strategic and third party distribution channels; risks related to our international operations; our ability to continue to innovate; our strategy of making investments in sales to drive growth; general political or destabilizing events, including war, intensified international hostilities, conflict or acts of terrorism; the effect of legislative initiatives or proposals, statutory changes, governmental or other applicable regulations and/or changes in industry requirements, including those addressing data privacy, cyber-security and cross-border data transfers; and other risks detailed from time to time in eGain's public filings, including eGain's annual report on Form 10-K for the fiscal year ended June 30, 2024 and subsequent reports filed with the Securities and Exchange Commission, which are available on the Securities and Exchange Commission's website at These forward-looking statements are based on current expectations and speak only as of the date hereof. We assume no obligation and do not intend to update these forward-looking statements, except as required by law. eGain, the eGain logo, and all other eGain product names and slogans are trademarks or registered trademarks of eGain Corporation in the United States and/or other countries. All other company names and products mentioned in this release may be trademarks or registered trademarks of the respective companies. Investor RelationsTodd Kehrli or Jim ByersPondelWilkinson, eGain Corporation Condensed Consolidated Balance Sheets (in thousands, except par value data) (unaudited) March 31, June 30, 2025 2024 ASSETS Current assets: Cash and cash equivalents $ 68,737 $ 70,003 Restricted cash 8 8 Accounts receivable, less provision for credit losses of $7 and $59 as of March 31, 2025 and June 30, 2024, respectively 12,425 31,731 Costs capitalized to obtain revenue contracts, net 1,157 1,272 Prepaid expenses 2,493 2,915 Other current assets 939 1,195 Total current assets 85,759 107,124 Property and equipment, net 533 441 Operating lease right-of-use assets 3,705 3,811 Costs capitalized to obtain revenue contracts, net of current portion 1,422 1,779 Goodwill 13,186 13,186 Other assets, net 1,615 1,511 Total assets $ 106,220 $ 127,852 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 1,971 $ 2,725 Accrued compensation 7,225 7,642 Accrued liabilities 3,985 5,078 Operating lease liabilities 1,186 1,179 Deferred revenue 35,373 45,989 Total current liabilities 49,740 62,613 Deferred revenue, net of current portion 1,384 3,280 Operating lease liabilities, net of current portion 2,611 2,592 Other long-term liabilities 899 871 Total liabilities 54,634 69,356 Stockholders' equity: Common stock, par value $0.001 per share - authorized: 60,000 shares; issued: 33,122 and 32,698 shares; outstanding: 27,598 and 29,160 shares as of March 31, 2025 and June 30, 2024, respectively 33 33 Additional paid-in capital 410,281 407,416 Treasury stock, at cost: 5,524 and 3,538 shares of common stock as of March 31, 2025 and June 30, 2024, respectively (35,048 ) (23,031 ) Notes receivable from stockholders (21 ) (21 ) Accumulated other comprehensive loss (1,387 ) (2,240 ) Accumulated deficit (322,272 ) (323,661 ) Total stockholders' equity 51,586 58,496 Total liabilities and stockholders' equity $ 106,220 $ 127,852 eGain Corporation Condensed Consolidated Statements of Operations (in thousands, except per share data) (unaudited) Three Months Ended Nine Months Ended March 31, March 31, 2025 2024 2025 2024 Revenue: SaaS $ 19,563 $ 20,324 $ 60,230 $ 64,643 Professional services 1,446 2,026 4,967 5,698 Total revenue 21,009 22,350 65,197 70,341 Cost of revenue: Cost of SaaS 4,594 4,487 13,742 14,643 Cost of professional services 2,129 2,371 6,327 6,043 Total cost of revenue 6,723 6,858 20,069 20,686 Gross profit 14,286 15,492 45,128 49,655 Operating expenses: Research and development 7,514 6,655 22,643 19,947 Sales and marketing 4,704 5,448 14,715 16,901 General and administrative 2,041 2,451 6,584 8,028 Total operating expenses 14,259 14,554 43,942 44,876 Income from operations 27 938 1,186 4,779 Interest income, net 597 1,002 2,029 2,933 Other income (expense), net (304 ) 74 (875 ) (13 ) Income before income tax provision 320 2,014 2,340 7,699 Income tax provision (254 ) (521 ) (951 ) (1,425 ) Net income $ 66 $ 1,493 $ 1,389 $ 6,274 Per share information: Earnings per share: Basic $ 0.00 $ 0.05 $ 0.05 $ 0.20 Diluted $ 0.00 $ 0.05 $ 0.05 $ 0.20 Weighted-average shares used in computation: Basic 28,065 30,976 28,439 31,212 Diluted 28,482 31,599 28,949 31,858 Summary of stock-based compensation included in costs and expenses above: Cost of revenue $ 217 $ 343 $ 679 $ 924 Research and development 272 331 523 1,095 Sales and marketing 98 120 277 476 General and administrative 112 316 474 1,018 Total stock-based compensation $ 699 $ 1,110 $ 1,953 $ 3,513 eGain Corporation GAAP to Non-GAAP Reconciliation Table (in thousands, except per share data) (unaudited) Three Months Ended Nine Months Ended March 31, March 31, 2025 2024 2025 2024 Income from operations $ 27 $ 938 $ 1,186 $ 4,779 Add: Stock-based compensation 699 1,110 1,953 3,513 Non-GAAP income from operations $ 726 $ 2,048 $ 3,139 $ 8,292 Three Months Ended Nine Months Ended March 31, March 31, 2025 2024 2025 2024 Net income $ 66 $ 1,493 $ 1,389 $ 6,274 Add: Stock-based compensation 699 1,110 1,953 3,513 Non-GAAP net income $ 765 $ 2,603 $ 3,342 $ 9,787 Per share information: Non-GAAP earnings per share: Basic $ 0.03 $ 0.08 $ 0.12 $ 0.31 Diluted $ 0.03 $ 0.08 $ 0.12 $ 0.31 Weighted-average shares used in computation: Basic 28,065 30,976 28,439 31,212 Diluted 28,482 31,599 28,949 31,858 Three Months Ended Nine Months Ended March 31, March 31, 2025 2024 2025 2024 Net income $ 66 $ 1,493 $ 1,389 $ 6,274 Add: Depreciation and amortization 88 92 263 296 Stock-based compensation expense 699 1,110 1,953 3,513 Interest income, net (597 ) (1,002 ) (2,029 ) (2,933 ) Provision for income taxes 254 521 951 1,425 Other income (expense), net 304 (74 ) 875 13 Severance and related charges 358 112 759 247 Adjusted EBITDA $ 1,172 $ 2,252 $ 4,161 $ 8,835 eGain Corporation Other GAAP to Non-GAAP Supplemental Financial Information (in thousands) (unaudited) Three Months Ended March 31, Growth Rates Constant CurrencyGrowth Rates [1] 2025 2024 Revenue: GAAP SaaS $ 19,563 $ 20,324 (4%) (4%) GAAP professional services 1,446 2,026 (29%) (29%) Total GAAP revenue $ 21,009 $ 22,350 (6%) (6%) Cost of Revenue: GAAP SaaS $ 4,594 $ 4,487 Non-GAAP SaaS $ 4,594 $ 4,487 GAAP professional services $ 2,129 $ 2,371 Add back: Stock-based compensation (217 ) (343 ) Non-GAAP professional services $ 1,912 $ 2,028 GAAP total cost of revenue $ 6,723 $ 6,858 Add back: Stock-based compensation (217 ) (343 ) Non-GAAP total cost of revenue $ 6,506 $ 6,515 (0%) (0%) Gross Profit: Non-GAAP SaaS $ 14,969 $ 15,837 Non-GAAP professional services (466 ) (2 ) Non-GAAP gross profit $ 14,503 $ 15,835 (8%) (8%) Operating expenses: GAAP research and development $ 7,514 $ 6,655 Add back: Stock-based compensation expense (272 ) (331 ) Non-GAAP research and development $ 7,242 $ 6,324 15% 15% GAAP sales and marketing $ 4,704 $ 5,448 Add back: Stock-based compensation expense (98 ) (120 ) Non-GAAP sales and marketing $ 4,606 $ 5,328 (14%) (13%) GAAP general and administrative $ 2,041 $ 2,451 Add back: Stock-based compensation expense (112 ) (316 ) Non-GAAP general and administrative $ 1,929 $ 2,135 (10%) (9%) GAAP operating expenses $ 14,259 $ 14,554 Add back: Stock-based compensation expense (482 ) (767 ) Non-GAAP operating expenses $ 13,777 $ 13,787 (0%) 0% [1] Constant currency growth rates presented are derived from converting the current period results for entities reporting in currencies other than U.S. Dollars into U.S. Dollars at the exchange rates in effect during the prior period presented rather than the actual exchange rates in effect during the current period. eGain Corporation Other GAAP to Non-GAAP Supplemental Financial Information (in thousands) (unaudited) Nine Months Ended March 31, Growth Rates Constant Currency Growth Rates [1] 2025 2024 Revenue: GAAP SaaS $ 60,230 $ 64,643 (7%) (7%) GAAP professional services 4,967 5,698 (13%) (13%) Total GAAP revenue $ 65,197 $ 70,341 (7%) (8%) Cost of Revenue: GAAP SaaS $ 13,742 $ 14,643 Non-GAAP SaaS $ 13,742 $ 14,643 GAAP professional services $ 6,327 $ 6,043 Add back: Stock-based compensation (679 ) (924 ) Non-GAAP professional services $ 5,648 $ 5,119 GAAP total cost of revenue $ 20,069 $ 20,686 Add back: Stock-based compensation (679 ) (924 ) Non-GAAP total cost of revenue $ 19,390 $ 19,762 (2%) (3%) Gross Profit: Non-GAAP SaaS $ 46,488 $ 50,000 Non-GAAP professional services (681 ) 579 Non-GAAP gross profit $ 45,807 $ 50,579 (9%) (9%) Operating expenses: GAAP research and development $ 22,643 $ 19,947 Add back: Stock-based compensation expense (523 ) (1,095 ) Non-GAAP research and development $ 22,120 $ 18,852 17% 17% GAAP sales and marketing $ 14,715 $ 16,901 Add back: Stock-based compensation expense (277 ) (476 ) Non-GAAP sales and marketing $ 14,438 $ 16,425 (12%) (13%) GAAP general and administrative $ 6,584 $ 8,028 Add back: Stock-based compensation expense (474 ) (1,018 ) Non-GAAP general and administrative $ 6,110 $ 7,010 (13%) (13%) GAAP operating expenses $ 43,942 $ 44,876 Add back: Stock-based compensation expense (1,274 ) (2,589 ) Non-GAAP operating expenses $ 42,668 $ 42,287 1% 1% [1] Constant currency growth rates presented are derived from converting the current period results for entities reporting in currencies other than U.S. Dollars into U.S. Dollars at the exchange rates in effect during the prior period presented rather than the actual exchange rates in effect during the current period. 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