EGAIN Corp Reports Net Income of $2.1 Million for the Year Ended June 30, 2023
Annual Revenue of $98.0 Million
June 30, 2023 - EGAIN Corp [EGAN] (NASDAQ: EGAN) has announced its financial results for the year ended June 30, 2023. The company reported a net income of $2.1 million, compared to a net loss of $2.4 million in the previous year. The annual revenue for the period was $98.0 million, showing a growth of 6.6% compared to the previous year's revenue of $91.9 million.
Financial Performance
EGAIN Corp's financial performance for the year shows a significant improvement with a positive net income compared to the previous year's net loss. The company's revenue also witnessed a healthy growth of 6.6%. The gross profit for the year was $70.7 million, up from $67.4 million in the previous year. The operating expenses for the year were $69.3 million, slightly lower than the previous year's expenses of $69.6 million. The company's operating income for the year was $1.4 million, compared to an operating loss of $2.1 million in the previous year.
