Welcome to our dedicated page for Liveperson news (Ticker: LPSN), a resource for investors and traders seeking the latest updates and insights on Liveperson stock.
LivePerson develops conversational AI software for enterprise customer experience, with news centered on its Conversational Cloud and Syntrix platforms. Company updates cover digital customer conversations, AI agent evaluation, live agent training, agent-workspace integrations and orchestration across CRM, CCaaS and browser-based applications.
Recurring announcements also address quarterly operating results, recurring revenue trends, customer wins and renewals, cost-structure and balance-sheet actions, Google Cloud-related platform work, partnerships such as LivePerson Sync with Coral Active, and board or governance changes.
LivePerson, Inc. (NASDAQ: LPSN) announced on January 26, 2023, that it has granted equity-based incentive awards under its 2018 Inducement Plan. The grants include Restricted Stock Units (RSUs) totaling 47,603 shares to two employees and stock options of 18,349 shares to another employee. These awards are part of LivePerson's efforts to attract new talent and vest in equal tranches over three to four years, contingent on continued employment. The company emphasizes its position as a leader in AI-powered customer engagement, serving major brands like HSBC and GM Financial.
LivePerson (Nasdaq: LPSN) announced its recognition as a Leader in Opus Research's Conversational Intelligence Intelliview report. The report underscores LivePerson's strong product performance, completeness, and business impact. LivePerson powers nearly one billion conversational interactions per month and boasts advanced AI capabilities, allowing it to deliver meaningful insights for customer engagement. Senior Analyst Derek Top emphasized the growing importance of conversational intelligence in enhancing customer experiences. The validation reinforces LivePerson's commitment to providing advanced AI-driven solutions for brands to connect authentically with consumers.
LivePerson (NASDAQ: LPSN) has appointed three independent directors—Vanessa Pegueros, Bruce Hansen, and Yael Zheng—to its Board, following an agreement with Starboard Value. These new members bring extensive experience in AI, data analytics, and cybersecurity, positioning the company for profitable growth in customer engagement solutions. With these appointments, LivePerson's Board now consists of nine directors, with eight being independent. The company aims to leverage the diverse expertise of the new directors to enhance shareholder value and continue its leadership in conversational AI.
LivePerson (Nasdaq: LPSN) announced new enhancements to its Conversational AI that improve customer interactions and agent performance. The upgrades include AI Search, On-Demand Recommendations, 'Small Talk' NLU, and Repeat Intent Rate measurement. These features allow brands to engage customers more effectively while reducing operational costs. With nearly one billion interactions monthly, LivePerson aims to help brands leverage AI for better digital experiences, as 98% of brands recognize AI's importance in their engagement strategies.
LivePerson, Inc. (Nasdaq: LPSN) announced on December 5, 2022, the issuance of equity-based incentive awards under its 2018 Inducement Plan following the hiring of new employees through November 30, 2022. The company granted RSUs totaling 162,912 shares to 7 employees and stock options totaling 37,716 options to 1 employee. These awards vest over four years, contingent upon continued employment. LivePerson specializes in AI-powered customer engagement solutions, serving major brands and handling nearly a billion interactions monthly.
LivePerson reported third-quarter 2022 revenue of $129.6 million, marking a 9.5% year-over-year increase. Business operations revenue rose 10% to $120.1 million. The company signed 86 deals including 7 seven-figure contracts. Adjusted EBITDA was $9.1 million, exceeding guidance. LivePerson raised its full-year revenue guidance to $517 million - $521 million. However, net loss widened to $43.2 million, or $0.56 per share. Cash reserves decreased to $393.3 million, down from $521.8 million at the beginning of the year.
LivePerson, Inc. (Nasdaq: LPSN) announced on November 2, 2022, that it granted equity-based incentive awards under its 2018 Inducement Plan to attract new hires. The company awarded a total of 216,953 restricted stock units (RSUs) to 3 employees and 159,293 stock options to 2 employees. The awards are structured to vest at 25% per year over four years, contingent on continued employment. This initiative reflects LivePerson's commitment to enhancing its workforce as it continues to lead in AI-powered customer engagement solutions.
LivePerson (NASDAQ: LPSN) has been recognized in Inc. Business Media's inaugural Power Partner Awards as one of the world's top B2B companies in Marketing and Advertising. The awards acknowledge B2B organizations that have a history of enabling the success of their clients. LivePerson's AI-powered customer engagement solutions have significantly improved outcomes for brands, including up to 20% increases in average order value and 10x online sales conversions. The methodology for the awards was developed in partnership with Meltwater.
FeedingNYC will deliver over 8,500 Thanksgiving dinners to homeless shelters in New York City on November 22, marking a milestone of 100,000 meals provided since 2001. The event, supported by over 7,000 volunteers, aims to assist families, including many migrants celebrating their first Thanksgiving in the U.S. Notably, one in five children in NYC faces hunger, highlighting the urgent need for such initiatives. Donations are being accepted to support this effort, with each meal costing just $48.
LivePerson, Inc. (Nasdaq: LPSN) will release its third-quarter financial results on November 7, 2022, after market close. CEO Robert LoCascio and CFO John Collins will host a conference call at 5:00 p.m. ET on the same day. Investors can access the call through the company's Investor Relations page. A replay will be available until November 21, 2022. LivePerson, a leader in customer engagement, serves major brands and powers nearly a billion interactions monthly.