LPSN — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-08

• On April 21, 2026, LivePerson entered into a Merger Agreement (the “Merger Agreement”), by and among LivePerson, SoundHound AI, Inc., a Delaware corporation (“SoundHound”) and Lightspeed Merger Sub Inc., a Delaware corporation and an indirect wholly owned subsidiary of SoundHound (“Merger Sub”), pur…

• We continue to observe slower than anticipated renewals and new business bookings, primarily driven by customer uncertainty regarding our financial stability as well as broader macroeconomic and industry factors extending enterprise buying cycles, including for high-value AI solutions. Because we re…

• There have been no significant changes in our critical accounting policies and estimates during the three months ended March 31, 2026, as compared to the critical accounting policies and estimates disclosed in Management’s Discussion and Analysis of Financial Condition and Results of Operations incl…

• Comparison of the Three Months Ended March 31, 2026 and March 31, 2025

• Revenue decreased by 12% to $57.0 million for the three months ended March 31, 2026 from $64.7 million for the comparable period in 2025. This decrease in revenue is due to a decrease in hosted services of $5.8 million primarily driven by customer cancellations and downsells and a decrease in profes…

Text removed vs the prior filing · source: 10-Q · 2025-11-13

• Average Annual Revenue Per Enterprise and Mid-market Customer (“ARPC”) and revenue retention are currently the key performance metrics our management uses to assess the health and trajectory of the Company. These metrics should be viewed independently of revenue, deferred revenue and remaining perfo…

• We continue to observe heightened renewal hesitation and slower than anticipated new business bookings, primarily driven by customer uncertainty regarding our financial stability as well as broader macroeconomic factors extending enterprise buying cycles, especially for high-value AI solutions that …

• Goodwill represents the excess of the aggregate purchase price over the fair value of net identifiable assets acquired in a business combination. We evaluate goodwill for impairment on an annual basis on October 1, and more frequently whenever events or substantive changes in circumstances indicate …

• There have been no significant changes in our critical accounting policies and estimates during the three and nine months ended September 30, 2025, as compared to the critical accounting policies and estimates disclosed in Management’s Discussion and Analysis of Financial Condition and Results of Op…

• Comparison of the Three and Nine Months Ended September 30, 2025 and September 30, 2024

Text added vs the prior filing · source: 10-Q · 2026-05-08

• Our accounts receivable are subject, in the normal course of business, to collection risks. We regularly assess these risks and have established policies and business practices to protect against the adverse effects of collection risks. During the

• three months ended March 31, 2026, our allowance for credit losses increased by $0.3 million to $4.8 million. During the three months ended March 31, 2025, our allowance for credit losses decreased by $0.9 million to $7.7 million. A large proportion of our receivables are due from larger corporate c…

Text removed vs the prior filing · source: 10-Q · 2025-11-13

• Our accounts receivable are subject, in the normal course of business, to collection risks. We regularly assess these risks and have established policies and business practices to protect against the adverse effects of collection risks. During the nine months ended September 30, 2025, our allowance …

• allowance for credit losses on specifically identified credit risks of customers, historical trends and other information that we believe to be reasonable. Receivables are written off and charged against the applicable recorded allowance when we have exhausted collection efforts without success. We …

Text added vs the prior filing · source: 10-Q · 2026-05-08

• If the conditions to the completion of the Merger contained in the Merger Agreement are not satisfied, the Merger may not occur.

• The completion of the Merger is subject to a number of conditions, including, among others, the approval of the Merger by the Company’s stockholders and the receipt of the requisite regulatory approvals. There can be no assurance that these required approvals will be obtained, or that they will be o…

• date (subject to an automatic extension in certain circumstances). Termination of the Merger Agreement could result in a material adverse effect on our business, results of operations, and financial condition.

• Regulatory approvals may not be received, may take longer than expected, or may impose conditions that are not presently anticipated or that affect the anticipated benefits of the Merger.

• Before the Merger may be completed, various approvals, consents and non-objections must be obtained from regulatory authorities in certain jurisdictions. These approvals could be delayed or not obtained at all, which could disrupt our operations, or could delay or adversely affect completion of the …

Text removed vs the prior filing · source: 10-Q · 2025-11-13

• Our failure to comply with the continued listing requirements of the Nasdaq Global Select Market could result in a delisting of our common stock.

• Our common stock currently is listed on the Nasdaq Global Select Market. We are required to meet specified financial requirements in order to maintain such listing, including a closing bid price of at least $1.00. On October 13, 2025, we effected a 1-for-15 reverse stock split of our common stock in…

• We can provide no assurance that we will be able to prevent future non-compliance with the listing requirements, or that any actions taken by us in an effort to restore our compliance, including the reverse stock split, will stabilize the market price of our common stock, improve the liquidity of ou…

• we will not be eligible for a 180-day compliance period to regain compliance with the minimum bid price requirement and Nasdaq will take steps to delist our common stock. In addition to satisfying the minimum bid price requirement, we must satisfy minimum financial and other continued listing requir…

• If our common stock is delisted from Nasdaq, it is unlikely that our common stock would qualify for listing on another national securities exchange in the United States, and trading of our common stock would most likely take place on an over-the-counter market established for unlisted securities, su…