eGain Corporation Reports Net Income of $2.6 Million for Fiscal Year 2023

eGain Corporation,(EGAN) a leading provider of cus tomer engagement solutions, has released its financial results for the fiscal year ending June 30, 2023. The company reported a net income of $2.6 million for the year, marking a significant turnaround from the previous year's loss. Additionally, eGain announced record-breaking revenue of $98.0 million, demonstrating its continued growth and success in the market.

Condensed Consolidated Balance Sheets

ASSETS

Current Assets: eGain's current assets for the year 2023 totaled $109.8 million, compared to $104.1 million in 2022. Notable components include cash and cash equivalents of $73.2 million and accounts receivable of $31.6 million.