Company: LPSN
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001102993-25-000053
Chunk: 54

Company: LIVEPERSON INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 54
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 divested in 2024. 

Impairment of Intangibles and Other Assets

Three Months Ended March 31,20252024$ Change% Change(Dollar in thousands)Impairment of intangibles and other assets$— $2,221 $(2,221)(100)%Percentage of total revenue— %3 %

There were no impairment charges related to intangibles and other assets during the three months ended March 31, 2025. The impairment charge during the comparable period in 2024 was attributable to intangible assets associated with our WildHealth reporting unit, which was fully divested in 2024. 

34

Restructuring Costs

We maintain restructuring initiatives to realign our cost structure with our current business model, in which we have flattened the organization to align to more efficient sales and service support. While the Company’s restructuring efforts are ongoing, the 2024 restructuring activities were considered to be substantially completed as of December 31, 2024.

Three Months Ended March 31,20252024$ Change% Change(Dollar in thousands)Restructuring costs$1,305 $3,309 $(2,004)(61)%Percentage of total revenue2 %4 %

Restructuring costs decreased by 61% to $1.3 million for the three months ended March 31, 2025, from $3.3 million for the comparable period in 2024. This decrease is attributable to a $1.3 million decrease in severance and other associated costs due to fewer reductions in our workforce compared to the comparable period, and a $0.7 million decrease in IT infrastructure contract termination costs.

Total Other Income, net

Interest expense represents interest expense from our convertible senior notes, and amortization of debt issuance costs and debt discount. Interest income represents interest earned from cash deposits. Other income (expense), net consists primarily of fair value adjustments for our Warrants and foreign currency gains and losses. 

Three Months Ended March 31,20252024$ Change% Change(Dollar in thousands)Interest expense$(7,478)$(701)$(6,777)(967)%Interest income1,457 2,033 (576)(28)%Other income (expense), net8,487 (237)8,724 3,681 %Total other income, net$2,466 $1,095 $1,371 125 %

Total other income, net increased by 125