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Five9 Q1 loss narrows YOY

Five9 Inc. said its normalized net income for the first quarter came to a loss of 6 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 7 cents per share.

The per-share loss decreased 47.1% year over year from 11 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $3.1 million, compared with a loss of $5.6 million in the year-earlier period.

The normalized profit margin increased to negative 8.0% from negative 18.3% in the year-earlier period.

Total revenue rose 25.6% on an annual basis to $38.0 million from $30.3 million, and total operating expenses climbed 9.6% year over year to $41.7 million from $38.0 million.

Reported net income totaled a loss of $4.9 million, or a loss of 10 cents per share, compared to a loss of $8.9 million, or a loss of 18 cents per share, in the year-earlier period.