Five9(FIVN)2025-05-01 20:07Financial Performance and Guidance - Five9, Inc. expects its results for Q1 2025 to be in-line with or better than previous guidance for revenue and net loss per share [4]. - The preliminary results for Q1 2025 are based on unaudited financial information and are subject to normal quarterly closing processes [5]. - Five9, Inc. will provide guidance for Q2 2025 and the fiscal year 2025 in its next earnings call, expected in early May 2025 [5]. Workforce Reduction and Cost Management - The company plans to reduce its global full-time employees by approximately 4%, with estimated cash expenditures of 9 million related to severance and benefits [8]. - Non-cash expenditures associated with the reduction in force are estimated to be approximately 1.5 million due to share-based awards [8]. - The actions related to the reduction in force are expected to be substantially complete by the end of Q2 2025 [10]. Strategic Focus and Investments - The company is prioritizing investments in key strategic areas, including artificial intelligence, to drive profitable growth and increase shareholder value [7]. Risks and Challenges - The company faces risks including potential disruptions to business operations and the impact of macroeconomic challenges on revenue growth [12]. - Five9, Inc. has a history of losses and may struggle to achieve or sustain profitability in the future [12]. - The company continues to expand its international operations, which exposes it to significant macroeconomic risks [12].