It provides a dashboard where you can view chat with your customers on multiple channels, like chat, email or Facebook Messenger. Facebook does not allow more than 20 characters on button text title. It’s getting more recognition among the industry analysts. The investments we’ve been making in product development and our go-to-market strategy are not only accelerating growth but solidifying our industry leadership, a view now validated by Forrester, a leading third-party research firm. But here are a few steps that I think will benefit any company, in any industry. I’ll close by summarizing a few key points about our business. We also recognize, of course, that there are macro risks stemming from the coronavirus pandemic that could potentially impact our business, sales cycles and customer attrition, particularly with new logos and small business. Furthermore, the problem has become more complicated as customer interactions move beyond the contact center. Read more about bot setup and capabilities in the getting started with bots guide. So the higher guide on profitability is welcome, but if you can just drill in a bit as to what is driving that? Taking into account the spend initiatives outlined above, we are positioned for improve profitability in 2020, even if our conservative growth assumptions play out.
We are targeting adjusted EBITDA in the range of $1 million to $2 million, bringing us to profitability one quarter earlier than anticipated. We are also targeting a total cash burn of less than $50 million in 2020, which would have us end the year with at least $130 million of cash on hand. For full year 2020, we’re targeting adjusted EBITDA of $3.5 million to $10.5 million, up from previous guidance of a loss of $3 million to positive $3 million. When we look out to the remainder of 2020, we are encouraged by the elevated use trends in our business, our ramping partner activity and the broad-ranging discussions we’re having with our customers. LivePerson’s ability to help leading brands succeed in this challenging new environment has opened the door to customers embracing transformation at a faster pace than ever before. They offer a simple tool to help you set up live chat as well. Apple envisions Business Chat being used by customers to ask a question about a product or service or get help with basic problems. Customers can end the chat session whenever required. However, by upgrading, you can edit the color of your chat widget and remove the HubSpot branding.
However, there’s always a limit. But I’m just wondering, so in this world, in this sort of like unseen world where people are working from home, where you alluded to that messaging volumes are going up just because contact centers are realizing voice is not the ideal medium. So I think now short term, medium term and even when we get through this, we’re going to be on the other side of capturing a lot of the demand in the market today. We hear you now. And even if that doesn’t happen next six months, our brands are looking at how can they create now a different way to engage. Can you hear me now? We can all see that. Under Scottish law, if a lender allows time to pass without receiving any payment an action for recovery may become barred under the Prescription and Limitation (Scotland) Act 1973. (For details of this Act see Gloag and Henderson 12th edition at Chapter4.).
1 mandate is to move the company towards sustainable cash generation and profitability, while simultaneously maintaining our ambitious growth goals for the top line, and I don’t see that changing. New automations are wide reaching, ranging from pricing and commissions calculators to pipeline analytics and cash reconciliation. Despite the current macro uncertainties, LivePerson’s resilient and adaptable business model has enabled us to raise profit guidance and target a 2020 revenue growth that is at least as strong as in 2019. We are successfully streamlining operations and driving enhanced productivity through automation, and these initiatives are accelerating our path to sustainable cash generation. Accounting for year-to-date contract signings and the strong volume trends we are seeing within our usage-based offerings, we expect second quarter revenue in a range of $83 million to $85 million, up 17% to 20% year-over-year and approximately 8% quarter-over-quarter. In an effort to balance these uncertainties with the positive trajectory we are seeing in our year-to-date results, we think it’s prudent to widen our 2020 revenue guidance range to $340 million to $355 million from previous guidance of $350 million to $355 million. Where we fall on the expense savings range will align closely with where we land within our revenue range for the year.