Five9 (FIVN) FY2019 results: revenue $328 million, up 27.3% on the year
Five9, Inc. (FIVN) reported revenue of $328 million for fiscal 2019, the year ended 31 December 2019, up 27.3% on the year before. Net income was -$5 million, and diluted earnings per share $-0.08. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2020.
Revenue
$328 million
+27.3% on the year
FY2012FY2019
Operating margin
1.0%
2.7% a year earlier
FY2012FY2019
Net income
-$5 million
FY2012FY2019
Diluted EPS
-$0.08
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
328
258
200
+27.3%
Cost of revenue
135
104
83.1
+29.3%
Gross profit
193
154
117
+25.9%
Gross margin
59.0%
59.6%
58.5%
Research and development
45.2
34.2
27.1
+32.2%
Operating income
3.3
7.0
-5.7
-53.4%
Operating margin
1.0%
2.7%
-2.9%
Interest expense
13.8
10.2
3.5
+34.6%
Pre-tax income
-4.4
0.1
-8.7
Income tax
0.1
0.3
0.3
-65.3%
Effective tax rate
n/a
379.7%
n/a
Net income
-4.6
-0.2
-9.0
Net margin
-1.4%
-0.1%
-4.5%
Diluted EPS
-$0.08
$0.00
-$0.16
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
51.2
38.6
11.1
+32.6%
Capital expenditure
19.2
9.3
2.6
+107.6%
Free cash flow
32.0
29.4
8.5
+9.0%
Free cash flow margin
9.8%
11.4%
4.2%
Cash from investing
-63.6
-217
-2.6
Cash from financing
8.5
191
2.4
-95.6%
Depreciation and amortisation
14.4
10.3
8.3
+39.9%
Share-based compensation
42.1
28.5
15.3
+47.7%
Diluted shares, weighted
60m
n/a
n/a
Shares outstanding at period end
62m
59m
57m
+3.9%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
196
143
46.8
+37.6%
Debt
210
197
32.9
+6.5%
Operating lease liabilities
4.3
0.0
n/a
Finance lease liabilities
0.8
4.5
n/a
-82.1%
Other liabilities
71.2
50.6
48.4
+40.5%
Total liabilities and equity
482
395
128
+22.2%
Fixed assets
33.2
25.9
19.9
+28.2%
Goodwill
11.8
11.8
11.8
0.0%
Intangible assets
15.5
0.6
1.1
+2,361.6%
Investments
242
210
0.0
+15.3%
Cash and equivalents
78.0
81.9
68.9
-4.8%
Receivables
37.7
24.8
19.0
+51.9%
Other assets
64.3
39.7
7.4
+61.7%
Total assets
482
395
128
+22.2%
10-K for the year ended 31 December 2019, filed 27 February 2020: the filing.