Stock in Wall Street Spotlight: Brightcove Inc. (NASDAQ: BCOV)

On 25 October 2019, Brightcove Inc. (NASDAQ: BCOV) changed -0.82% to recent value of $9.73. The stock transacted 203770 shares during most recent day however it has an average volume of 179.84K shares. It spotted trading -24.46% off 52-week high price. On the other end, the stock has been noted 41.42% away from the low price over the last 52-weeks.

Brightcove Inc. (BCOV) recently reported financial results for the third quarter ended September 30, 2019.

Third Quarter 2019 Financial Highlights:

  • Revenue for the third quarter of 2019 was $47.4M, a raise of 15% contrast to $41.1M for the third quarter of 2018. Subscription and support revenue was $45.4M, a raise of 21% contrast to $37.4M for the third quarter of 2018.
  • Gross profit for the third quarter of 2019 was $29.1M, representing a gross margin of 61% contrast to a gross profit of $24.8M for the third quarter of 2018. Non-GAAP gross profit for the third quarter of 2019 was $29.8M, representing a non-GAAP gross margin of 63%, contrast to a non-GAAP gross profit of $25.4M for the third quarter of 2018. Non-GAAP gross profit and non-GAAP gross margin exclude stock-based compensation expense, executive severance and restructuring expense and the amortization of purchased intangible assets.
  • Loss from operations was $2.4M for the third quarter of 2019, contrast to a loss from operations of $3.1M for the third quarter of 2018. Non-GAAP operating income, which excludes stock-based compensation expense, the amortization of purchased intangible assets, merger-related expense and executive severance and restructuring expense, was $2.8M for the third quarter of 2019, contrast to non-GAAP operating loss of $607,000 during the third quarter of 2018.
  • Net loss was $3.0M, or $0.08 per diluted share, for the third quarter of 2019. This compares to a net loss of $3.5M, or $0.10 per diluted share, for the third quarter of 2018. Non-GAAP net income, which excludes stock-based compensation expense, the amortization of purchased intangible assets, merger-related expense and executive severance and restructuring expense, was $2.2M for the third quarter of 2019, or $0.06 per diluted share, contrast to non-GAAP net loss of $968,000 for the third quarter of 2018, or $0.03 per diluted share.
  • Adjusted EBITDA was $4.1M for the third quarter of 2019, contrast to adjusted EBITDA of $575,000 for the third quarter of 2018. Adjusted EBITDA excludes stock-based compensation expense, merger-related expense, executive severance and restructuring expense, the amortization of purchased intangible assets, depreciation expense, other income/expense and the provision for income taxes.
  • Cash flow provided in operations was $4.5M for the third quarter for 2019, contrast to cash flow used in operations of $488,000 for the third quarter of 2018.
  • Free cash flow was $2.4M after the company invested $2.1M in capital expenditures and capitalization of internal-use software during the third quarter of 2019. Free cash flow was negative $1.6M for the third quarter of 2018.
  • Cash and cash equivalents were $22.6M as of September 30, 2019 contrast to $21.2M at June 30, 2019.

BCOV has a gross margin of 58.70% and an operating margin of -10.20% while its profit margin remained -10.70% for the last 12 months. Its earnings per share (EPS) expected to touch remained 31.00% for this year while earning per share for the next 5-years is expected to reach at 15.00%.  The company has 40M of outstanding shares and 37.96M shares were floated in the market. According to the most recent quarter its current ratio was 0.8 that represents company’s ability to meet its current financial obligations. The price moved ahead of -6.37% from the mean of 20 days, -12.72% from mean of 50 days SMA and performed -1.31% from mean of 200 days price. Company’s performance for the week was -5.90%, -5.26% for month and YTD performance remained 38.21%.

 

Willard Shelton

Willard Shelton – Technology My name is Willard Shelton, I have worked for the stock market industry for 4 years. Technology news grasp my attention the most. In early days, I started my journey with an ordinary author. Moving forward with great hard work and passion I achieve a higher position. As I believe in working hard and putting the soul in my work, I have accomplished so much success and place in Journalnewsbulletin.com, and now I have confidence in this, that I am the spin of this network. I have a vision of touching the sky. I wish to see this industry on a global scale one day. My other duties are that I am a contributor and an editor of the technology segment. My work is to do a critical analysis of companies and pick out the most significant information for investor network.

Leave a Reply

Your email address will not be published. Required fields are marked *