eGain Increases Stock Repurchase Program by $20 Million
eGain Corporation announced an increase of $20 million to its stock repurchase program, raising the total authorization to $60 million. The move reflects the company's belief that its shares are undervalued.
Sunnyvale, California – eGain Corporation, an AI knowledge platform provider for customer service, has announced a significant expansion of its stock repurchase program. The company's Board of Directors approved a $20 million increase, bringing the aggregate amount eGain may use to buy back its outstanding common stock from $40 million to $60 million.
The increase to the program, which will be funded through existing cash or future cash flows, underscores eGain's commitment to driving long-term shareholder value. CEO Ashu Roy stated that a strong balance sheet allows for a focus on long-term value creation, and the increased authorization signals a belief that the company's shares are undervalued and confidence in the AI knowledge market opportunity.
As of September 3, 2025, eGain had repurchased approximately $39.8 million of its common stock under the existing program. The Board of Directors has also extended the program, allowing for continued share repurchases until the full authorized amount is utilized or the Board decides to terminate it. Repurchases may occur through open market transactions or privately negotiated deals.
The timing and volume of shares repurchased will be determined based on an evaluation of market conditions and other factors, including stock price, trading volume, and general business and market conditions. The program does not obligate eGain to acquire a specific number of shares and can be modified, suspended, or discontinued at the company's discretion.