The AI knowledge platform eGain (Nasdaq: EGAN) announced a $20 million increase in its stock repurchase program.
The program will be funded using existing or future cash flows, reflecting the company's confidence in the market opportunity.
As of September 3, 2025, eGain has repurchased approximately $39.8 million of shares under the program.
Increase in Repurchase Program
Board of Directors approved a $20 million increase, showing confidence in undervalued shares.
Funding and Authorization
Program funded from existing or future cash flows, extending available repurchase amount.
Flexibility in Repurchase
Discretionary basis for repurchasing shares at appropriate prices under the program.
- eGain's stock repurchase program signals the company's belief in undervalued shares and commitment to enhancing shareholder value.
- The flexibility in repurchase strategies allows eGain to react to market conditions and capitalize on opportunities.
eGain's decision to increase the stock repurchase program reflects confidence in its business and the AI knowledge market, aiming to create long-term shareholder value.