Company: LPSN
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001102993-25-000053
Chunk: 16

Company: LIVEPERSON INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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 March 31, 202491,131,823 $92 (2,766,073)$(3)$921,895 $(892,619)$(10,182)$19,183 

See accompanying notes to condensed consolidated financial statements.

7

LIVEPERSON, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

(unaudited)

Three Months Ended March 31, 20252024OPERATING ACTIVITIES:Net loss$(14,133)$(35,631)Adjustments to reconcile net loss to net cash (used in) provided by operating activities:Stock-based compensation expense4,709 7,558 Depreciation5,587 8,225 Reduction of operating lease right-of-use assets35 653 Amortization of purchased intangible assets and finance leases231 4,217 Amortization of debt issuance costs and accretion of debt discount1,788 610 Impairment of goodwill— 3,627 Impairment of intangibles and other assets— 2,221 Change in fair value of warrants(8,824)— Interest expense5,690 91 Allowance for credit losses 416 4,722 Deferred income taxes78 75 Changes in operating assets and liabilities:Accounts receivable(1,205)5,422 Prepaid expenses and other assets3,624 5,779 Contract acquisition costs 1,662 (2,370)Accounts payable, accrued expenses and other current liabilities(5,944)(15,101)Deferred revenue3,170 10,852 Other liabilities20 149 Net cash (used in) provided by operating activities(3,096)1,099 INVESTING ACTIVITIES:Purchases of property and equipment, including capitalized software(3,759)(11,501)Purchases of intangible assets(386)(1,209)Net cash used in investing activities(4,145)(12,710)FINANCING ACTIVITIES:Payments on repurchase of convertible senior notes— (72,492)Principal payments for finance leases(26)(327)Proceeds from issuance of common stock in connection with the exercise of options and ESPP— 122 Net cash used in financing activities(26)(72,697)Effect of foreign exchange rate changes on cash and cash equivalents284 400 Net decrease in cash and cash equivalents(6,