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LivePerson Inc (LPSN) delivers AI-powered customer conversation solutions for global enterprises through its Conversational Cloud platform. This centralized news hub provides investors and professionals with essential updates about the company's strategic developments.
Access official press releases and curated news covering product innovations, partnership announcements, and financial performance. Track key developments in conversational AI implementation, enterprise security enhancements, and omnichannel engagement strategies.
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LivePerson (Nasdaq: LPSN) has entered an agreement to exchange $146 million of its 2026 Convertible Senior Notes for $100 million of 2029 Convertible Senior Secured Notes with Lynrock Lake Master Fund LP. Additionally, Lynrock commits to providing $100 million in new capital through additional New Notes, with $50 million immediately and another $50 million within six months on request. This transaction aims to improve LivePerson's capital structure by capturing discounts on existing notes, extending debt maturity, and raising new capital for further deleveraging. The New Notes will be secured and guaranteed by certain company subsidiaries, and Lynrock will receive 10-year warrants for 11% of LivePerson’s common stock at $0.75 per share. The transaction is expected to close by the end of May.
Avaya and LivePerson have announced a new partnership to provide a unified omnichannel solution, integrating voice, digital, and AI capabilities for personalized customer experiences. This collaboration aims to accelerate enterprise digital transformation with market-leading digital and AI capabilities without disrupting existing operations. The partnership will offer Advanced Digital and Unified Insights Capabilities to drive accelerated time-to-value and reduce risks using AI for customer experience.
LivePerson, Inc. (Nasdaq: LPSN) reported recent grants of equity-based incentive awards under the Inducement Plan for new hires. The grants included 22 grants of restricted stock units (RSUs) totaling 1,367,572 shares of Common Stock. These awards were made between June 1, 2023, and April 30, 2024. The RSUs vest over 4 years or 2 years, depending on the grant date, subject to continued employment.
LivePerson, Inc. (NASDAQ: LPSN) announced total revenue of $85.1M for Q1 2024, above the high end of their guidance range, and adjusted EBITDA above the midpoint of their guidance range. Despite a 20.9% decrease in revenue due to customer churn and exiting non-core business lines, the company signed 40 deals in total, showing progress in key transformation areas. CEO John Sabino highlighted improvements in go-to-market leadership, operations, product integration, and deleveraging efforts. CFO John Collins emphasized a rightsized cost structure and a solid foundation for profitable growth. The company reported a net loss of $35.6 million for Q1 2024, with adjusted operating loss of $7.7 million. Adjusted EBITDA for Q1 2024 was $0.5 million, a turnaround from a loss in Q1 2023. Cash balance was $127.1 million at the end of Q1 2024, down from $210.8 million at the end of Q4 2023, after repaying the 2024 Notes in full.
LivePerson has been recognized as a Leader in G2 Grid® reports for Bot Platforms, Chatbots, Conversational Marketing, and Live Chat based on user reviews. The company also achieved best-in-class rankings in implementation and usability indices across AI and digital customer conversation categories.
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