Brightcove Inc earnings loss q4
Wednesday, May 10, 2017
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Brightcove Inc earnings loss this autumn 2012 : Brightcove Inc. (BCOV - Snapshot Report) pronounced a loss of 13 cents inside the fourth area of 2012, wider than the Zacks Consensus Estimate of a loss of 7 cents. However, loss in line with proportion turned into narrower than a loss of 75 cents reported in the yr-ago area.
Revenues
Revenues jumped 31.3% from the year-ago region to $24.3 million, barely better than the consensus mark. The 12 months-over-yr surprise became by and large pushed via a 34.2% surge in Subscription and Support revenues, which fully offset an eight.Four% plunge in Professional services and Other revenues.
Brighcoves revenues from premium offerings jumped 29% 12 months over yr to $21.8 million. Premium refers to Brighcoves conventional video cloud clients, the business enterprise version of app cloud and Zencoder clients on annual contracts. Revenues from volume offerings surged fifty three.Zero% 12 months over yr to $2.5 million.
Brightcove brought some of essential agencies to its patron base that consists of the likes of coverage company Allstate (ALL - Analyst Report) and biopharmaceutical corporation Bristol Meyers Squibb (BMY - Analyst Report). Brightcove additionally entered right into a partnership with Viacom (VIA - Snapshot Report) and NBC.
Revenues from non-media clients (60% of general sales) grew 60% year over 12 months, whilst media customers (40% of total revenue) expanded 17% from the yr-in the past region. Recurring greenback retention price turned into 89% within the fourth sector.
Region clever, sales from North America (sixty four% of overall revenue) multiplied 29% yr over 12 months to $15.6 million. Europe (23% of total revenue) jumped 33.Zero% year over year to $5.6 million. Asia-Pacific which include Japan (13% of overall revenue) soared 35.Zero% from the yr-ago area to $3.1 million.
Margins
Gross margin improved 20 foundation points (bps) on a yr-over-year basis to 69.8% within the mentioned quarter. Operating expenses soared 27.7% year over year to $20.7 million due to 27.Five% yr-over-year growth in research & development expenses, 20.6% yr-on-12 months rise in sales & advertising charges and a forty six.1% bounce in preferred & administrative prices.
Loss from operations (inclusive of inventory-based reimbursement) changed into $3.7 million, wider than $3.Three million mentioned inside the year-in the past quarter on a higher sales base.
Net loss (which include inventory based totally reimbursement) of $3.7 million turned into narrower than a lack of $three.8 million incurred in the previous-yr quarter.
Balance Sheet and Cash float
Exiting the fourth zone, Brightcove had coins, cash equivalents and investments of $30.Zero million, down from $30.Eight million mentioned in the 1/3 region. Brightcove generated coins drift of $2.7 million in the fourth quarter. Free coins waft became $2.Five million in the sector.
Outlook
For the primary area, Brightcove expects revenues within the variety of $23.Five million to $24.Zero million, which represents 18% to 21% 12 months-over-12 months increase. Non-GAAP working loss is predicted to be $2.0 million to $2.Three million. Non-GAAP loss is predicted inside the range of 8 cents to ten cents in step with percentage.
For monetary 2013, Brightcove expects sales to be in the variety of $102.0 million to $one hundred and five.Zero million, which represents 16% to 19% 12 months-over-year increase. Non-GAAP loss is predicted to be $4.5 million to $6.Five million. Non-GAAP net loss per percentage is anticipated within the range of 18 cents to twenty-five cents in keeping with percentage.
Recommendation
We trust that robust call for for cloud-based answers, safety and cell merchandise, and on-line movies together with strategic acquisitions are the positives for the stock over the long term. However, severe competition and sluggish macro-economic environment are the close to-term headwinds.
Currently, Brightcove has a Zacks Rank #3 (Hold).
Revenues
Revenues jumped 31.3% from the year-ago region to $24.3 million, barely better than the consensus mark. The 12 months-over-yr surprise became by and large pushed via a 34.2% surge in Subscription and Support revenues, which fully offset an eight.Four% plunge in Professional services and Other revenues.
Brighcoves revenues from premium offerings jumped 29% 12 months over yr to $21.8 million. Premium refers to Brighcoves conventional video cloud clients, the business enterprise version of app cloud and Zencoder clients on annual contracts. Revenues from volume offerings surged fifty three.Zero% 12 months over yr to $2.5 million.
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Brightcoves client base accelerated sixty four% from the yr-ago zone to 6367, which includes 1625 top class customers and 4742 extent customers. Sequentially, each top class and volume customers improved with the aid of fifty two and 172, respectively.Brightcove brought some of essential agencies to its patron base that consists of the likes of coverage company Allstate (ALL - Analyst Report) and biopharmaceutical corporation Bristol Meyers Squibb (BMY - Analyst Report). Brightcove additionally entered right into a partnership with Viacom (VIA - Snapshot Report) and NBC.
Revenues from non-media clients (60% of general sales) grew 60% year over 12 months, whilst media customers (40% of total revenue) expanded 17% from the yr-in the past region. Recurring greenback retention price turned into 89% within the fourth sector.
Region clever, sales from North America (sixty four% of overall revenue) multiplied 29% yr over 12 months to $15.6 million. Europe (23% of total revenue) jumped 33.Zero% year over year to $5.6 million. Asia-Pacific which include Japan (13% of overall revenue) soared 35.Zero% from the yr-ago area to $3.1 million.
Margins
Gross margin improved 20 foundation points (bps) on a yr-over-year basis to 69.8% within the mentioned quarter. Operating expenses soared 27.7% year over year to $20.7 million due to 27.Five% yr-over-year growth in research & development expenses, 20.6% yr-on-12 months rise in sales & advertising charges and a forty six.1% bounce in preferred & administrative prices.
Loss from operations (inclusive of inventory-based reimbursement) changed into $3.7 million, wider than $3.Three million mentioned inside the year-in the past quarter on a higher sales base.
Net loss (which include inventory based totally reimbursement) of $3.7 million turned into narrower than a lack of $three.8 million incurred in the previous-yr quarter.
Balance Sheet and Cash float
Exiting the fourth zone, Brightcove had coins, cash equivalents and investments of $30.Zero million, down from $30.Eight million mentioned in the 1/3 region. Brightcove generated coins drift of $2.7 million in the fourth quarter. Free coins waft became $2.Five million in the sector.
Outlook
For the primary area, Brightcove expects revenues within the variety of $23.Five million to $24.Zero million, which represents 18% to 21% 12 months-over-12 months increase. Non-GAAP working loss is predicted to be $2.0 million to $2.Three million. Non-GAAP loss is predicted inside the range of 8 cents to ten cents in step with percentage.
For monetary 2013, Brightcove expects sales to be in the variety of $102.0 million to $one hundred and five.Zero million, which represents 16% to 19% 12 months-over-year increase. Non-GAAP loss is predicted to be $4.5 million to $6.Five million. Non-GAAP net loss per percentage is anticipated within the range of 18 cents to twenty-five cents in keeping with percentage.
Recommendation
We trust that robust call for for cloud-based answers, safety and cell merchandise, and on-line movies together with strategic acquisitions are the positives for the stock over the long term. However, severe competition and sluggish macro-economic environment are the close to-term headwinds.
Currently, Brightcove has a Zacks Rank #3 (Hold).
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