eGain Announces Increase to Stock Repurchase Program of $20 Million
eGain (Nasdaq: EGAN) has announced a significant expansion of its stock repurchase program, increasing it by $20 million to reach a total authorization of $60 million. The company has already repurchased approximately $39.8 million worth of shares, leaving about $20.2 million available for future buybacks.
The program will be funded through existing cash or future cash flows, with shares to be purchased through open market or private transactions. The Board has extended the program's duration until either the full amount is repurchased or the Board decides to terminate it. CEO Ashu Roy emphasized that this decision reflects management's belief that EGAN shares are undervalued and demonstrates confidence in the AI knowledge market opportunity.
eGain (Nasdaq: EGAN) ha annunciato un'importante estensione del proprio programma di riacquisto di azioni, aumentandolo di 20 milioni di dollari fino a un'autorizzazione complessiva di 60 milioni di dollari. La societ脿 ha gi脿 riacquistato circa 39,8 milioni di dollari in azioni, lasciando circa 20,2 milioni di dollari disponibili per futuri buyback.
Il programma sar脿 finanziato con liquidit脿 esistente o con flussi di cassa futuri, e le azioni potranno essere acquistate sul mercato aperto o tramite operazioni private. Il Consiglio ha prorogato la durata del programma fino al completo riacquisto dell'importo autorizzato o fino a una sua revoca. Il CEO Ashu Roy ha sottolineato che la decisione riflette la convinzione della direzione che le azioni EGAN siano sottovalutate e dimostra fiducia nell'opportunit脿 di mercato dell'AI knowledge.
eGain (Nasdaq: EGAN) ha anunciado una importante ampliaci贸n de su programa de recompra de acciones, aument谩ndolo en 20 millones de d贸lares hasta un total autorizado de 60 millones de d贸lares. La compa帽铆a ya ha recomprado aproximadamente 39,8 millones de d贸lares en acciones, dejando alrededor de 20,2 millones de d贸lares disponibles para futuras compras.
El programa se financiar谩 con efectivo existente o con flujos de caja futuros, y las acciones podr谩n adquirirse en el mercado abierto o mediante transacciones privadas. La Junta ha extendido la vigencia del programa hasta que se recompre la totalidad del monto autorizado o hasta que la Junta decida darlo por terminado. El CEO Ashu Roy enfatiz贸 que esta decisi贸n refleja la convicci贸n del equipo directivo de que las acciones de EGAN est谩n infravaloradas y demuestra confianza en la oportunidad del mercado de conocimiento en IA.
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eGain (Nasdaq: EGAN) a annonc茅 une importante extension de son programme de rachat d'actions, l'augmentant de 20 millions de dollars pour atteindre une autorisation totale de 60 millions de dollars. La soci茅t茅 a d茅j脿 rachet茅 environ 39,8 millions de dollars d'actions, laissant environ 20,2 millions de dollars disponibles pour de futurs rachats.
Le programme sera financ茅 par la tr茅sorerie existante ou par des flux de tr茅sorerie futurs, et les actions pourront 锚tre achet茅es sur le march茅 ouvert ou par des transactions priv茅es. Le conseil d'administration a prolong茅 la dur茅e du programme jusqu'au rachat complet du montant autoris茅 ou jusqu'脿 sa d茅cision de le terminer. Le PDG Ashu Roy a soulign茅 que cette d茅cision refl猫te la conviction de la direction que les actions EGAN sont sous-茅valu茅es et t茅moigne de sa confiance dans l'opportunit茅 de march茅 li茅e 脿 la connaissance en IA.
eGain (Nasdaq: EGAN) hat eine deutliche Ausweitung seines Aktienr眉ckkaufprogramms angek眉ndigt und dieses um 20 Mio. USD auf eine Gesamth枚he von 60 Mio. USD erh枚ht. Das Unternehmen hat bereits Aktien im Wert von rund 39,8 Mio. USD zur眉ckgekauft, sodass noch etwa 20,2 Mio. USD f眉r k眉nftige R眉ckk盲ufe zur Verf眉gung stehen.
Das Programm soll aus bestehendem Bargeld oder k眉nftigen Cashflows finanziert werden; die Aktien k枚nnen am offenen Markt oder in Privatgesch盲ften erworben werden. Der Vorstand hat die Laufzeit des Programms verl盲ngert, bis der gesamte Betrag zur眉ckgekauft ist oder der Vorstand das Programm beendet. CEO Ashu Roy betonte, dass diese Entscheidung die 脺berzeugung des Managements widerspiegele, dass EGAN-Aktien unterbewertet seien, und Vertrauen in die Marktchance f眉r KI-Wissensl枚sungen zeige.
- Significant $20 million increase in buyback authorization to $60 million total
- Strong balance sheet position enabling share repurchases
- Management's confidence in company valuation and market opportunity
- Demonstrated commitment to returning value to shareholders
- Large portion ($39.8M) of previous authorization already used
- No specified timeline for completion of the buyback program
Insights
eGain boosts buyback program by $20M to $60M total, signaling confidence in business outlook and potential shareholder value creation.
eGain's $20 million expansion of its share repurchase program represents a 50% increase from the previous $40 million authorization. With approximately $39.8 million already spent on repurchases, the company had nearly exhausted its existing authorization, leaving just $0.2 million remaining. This substantial expansion indicates management's continued commitment to capital return.
The timing is particularly noteworthy - rather than waiting until the existing authorization was fully depleted, management proactively increased it, suggesting strong conviction in their repurchase strategy. CEO Ashu Roy's statement that shares are "undervalued" signals management's belief that the current market price doesn't reflect eGain's intrinsic value, particularly considering opportunities in the AI knowledge market.
The company's decision to fund repurchases through existing cash or future cash flows indicates healthy liquidity. The flexible implementation approach - including discretionary open market purchases, privately negotiated transactions, and potential Rule 10b5-1 plans - provides eGain with multiple execution options while maintaining compliance with insider trading regulations.
While share repurchases reduce outstanding shares and can boost EPS, they also reduce cash reserves that could otherwise be used for growth initiatives or acquisitions. However, management's willingness to significantly expand this program suggests they see buybacks as the optimal capital allocation strategy at current valuation levels, potentially creating more shareholder value than alternative investments.
SUNNYVALE, Calif., Sept. 04, 2025 (GLOBE NEWSWIRE) -- eGain (Nasdaq: EGAN), the AI knowledge platform for customer service, announced today that its Board of Directors approved a
"Our strong balance sheet allows us to focus on driving long-term shareholder value. This increased authorization underscores our belief that our shares are undervalued and demonstrates our confidence in the AI knowledge market opportunity,鈥� said Ashu Roy, eGain鈥檚 CEO.
As of September 3, 2025, eGain has repurchased approximately
Under the stock repurchase program, eGain may purchase shares of common stock on a discretionary basis from time to time through open market transactions or privately negotiated transactions at prices deemed appropriate by eGain. In addition, at the discretion of eGain, open market repurchase of common stock may also be made under a Rule 10b5-1 plan, which would permit common stock to be repurchased when eGain might otherwise be precluded from doing so under insider trading laws or self-imposed trading restrictions.
The timing and number of shares repurchased will be determined based on an evaluation of market conditions and other factors, including stock price, trading volume, general business and market conditions, and capital availability. The stock repurchase program does not obligate eGain to acquire a specified number of shares and may be modified, suspended, or discontinued at any time at eGain鈥檚 discretion without notice.
About eGain
eGain Knowledge Hub helps improve experience and reduce cost by delivering trusted answers for customer service. Visit www.egain.com for more info.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, including without limitation: statements regarding the timing, scope, and funding of our stock repurchase program; our belief that our shares are undervalued; our focus and market opportunity; and the expected benefits of our products. The achievement or success of the matters covered by such forward-looking statements involves risks, uncertainties, and assumptions, many of which involve factors or circumstances that are beyond our control. If any such risks or uncertainties materialize or if any of the assumptions prove incorrect, our actual results could differ materially from the results expressed or implied by the forward-looking statements we make. The risks and uncertainties referred to above include, but are not limited to: risks to our business, operating results, and financial condition; the pace of technological advancements in generative AI and the adaptability of our services to incorporate these advancements; market demand for AI-enabled solutions; risks associated with new product releases and new services and products features; risks that customer demand may fluctuate or decrease; risks that we are unable to collect unbilled contractual commitments, particularly in the current economic environment; risks that our lengthy sales cycles may negatively affect our operating results; currency risks; our ability to capitalize on customer engagement; risks related to our reliance on a relatively small number of customers for a substantial portion of our revenue; our ability to compete successfully and manage growth; our ability to develop and expand strategic and third party distribution channels; risks related to our international operations; our ability to continue to innovate; our strategy of making investments in sales to drive growth; general political or destabilizing events, including war, intensified international hostilities, conflict or acts of terrorism; the effect of legislative initiatives or proposals, statutory changes, governmental or other applicable regulations and/or changes in industry requirements, including those addressing data privacy, cyber-security and cross-border data transfers; and other risks detailed from time to time in eGain鈥檚 public filings, including eGain鈥檚 annual report on Form 10-K for the fiscal year ended June 30, 2024, and subsequent reports filed with the Securities and Exchange Commission, which are available on the Securities and Exchange Commission鈥檚 website at www.sec.gov. These forward-looking statements are based on current expectations and speak only as of the date hereof. We assume no obligation and do not intend to update these forward-looking statements, except as required by law.
eGain, the eGain logo, and all other eGain product names and slogans are trademarks or registered trademarks of eGain Corporation in the United States and/or other countries. All other company names and products mentioned in this release may be trademarks or registered trademarks of the respective companies.
Investor Relations
Todd Kehrli or Jim Byers
PondelWilkinson, Inc.
[email protected]
[email protected]
FAQ
How much did eGain increase its stock buyback program by in September 2025?
How much of EGAN's stock repurchase program has been completed?
How will eGain fund its expanded stock repurchase program?
When does eGain's stock buyback program expire?
How will EGAN execute its share repurchase program?
