Key Developments: Brightcove Inc (BCOV.O)
7.38USD
24 May 2013
$0.12 (+1.65%)
$7.26
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$7.06
206,567
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$17.17
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Latest Key Developments (Source: Significant Developments)
Brightcove Inc Issues Q2 2013 Guidance; Revenue Guidance Above Analysts' Estimates; Raises FY 2013 Guidance
Brightcove Inc announced that for the second quarter 2013, it expects revenue to be $25.7 million to $26.2 million, and non-GAAP loss from operations to be $1.4 million to $1.7 million. Assuming approximately 28.2 million shares outstanding, Brightcove expects its non-GAAP net loss per basic and diluted share attributable to common stockholders to be $0.06 to $0.07. For fiscal 2013, it is raising guidance for revenue and non-GAAP loss from operations. Revenue is expected to be $104 million to $106 million, and non-GAAP loss from operations is expected to be $3.3 million to $4.8 million. Assuming approximately 28.4 million shares outstanding, Brightcove expects its non-GAAP net loss per basic and diluted share attributable to common stockholders to be $0.15 to $0.22. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $25.3 million and EPS of $(0.07) for the second quarter of 2013; revenues of $104 million and EPS of $(0.21) for fiscal 2013. Full Article
mDialog Partners With Brightcove Inc Extend Dynamic Video Ad Insertion to Joint Customers
mDialog Partners, is in video stream management across connected devices, announced it has partnered with Brightcove Inc. mDialog will enable HLS and HDS ad insertion and measurement for media customers that use the Brightcove Video Cloud online video platform. mDialog enables real-time dynamic ad insertion across devices, allowing customers to monetize linear, live and on-demand video content across every screen while keeping their video workflow and preferred vendor stack. By shifting the complexities of online video ad insertion from the video player to the cloud, mDialog seamlessly unifies the fragmented device and desktop video ad delivery landscape. Joint customers can use mDialog to prepare, insert and measure their Apple HLS and Adobe HDS ad campaigns across all devices and content types, including linear, live and VOD programming. Full Article
Brightcove Inc Announces CEO Change-Form 8-K
Brightcove Inc reported in its Form 8-K that the Board of Directors (Board) of the Company has appointed David Mendels as Chief Executive Officer (CEO) of the Company, such appointment to be effective as of March 31, 2013. Mr. Mendels will succeed Jeremy Allaire, who has resigned from his position as Chief Executive Officer (CEO) effective as of March 31, 2013. Mr. Allaire will continue to serve as Chairman of the Company’s Board until March 31, 2013, at which time he will become the Board’s Executive Chairman. Full Article
Brightcove Inc Issues Q1 2013 Guidance; Earnings Guidance Below Analysts' Estimates; Issues FY 2013 Guidance Below Analysts' Estimates
Brightcove Inc announced that for first quarter of 2013, it expects revenue to be $23.5 million to $24.0 million and non-GAAP operating loss to be $2.0 million to $2.3 million. Assuming approximately 28.0 million shares outstanding, the Company expects its non-GAAP net loss per basic and diluted share to be $0.08 to $0.10. For fiscal 2013, it expects revenue to be $102 million to $105 million, and non-GAAP operating loss to be $4.5 million to $6.5 million. Assuming approximately 28.4 million shares outstanding, Brightcove expects its non-GAAP net loss per basic and diluted share to be $0.18 to $0.25. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $24 million, net income of $(1.89) million and EPS of $(0.06) for first quarter of 2013; revenue of $106 million, net income of $(4.3) million and EPS of $(0.15) for fiscal 2013. Full Article
Brightcove Inc Issues Q4, FY 2012 Guidance
Brightcove Inc announced that for fourth quarter of 2012, it expects revenue in the range of $22.8 million to $23.3 million, and non-GAAP operating loss to be $1.9 million to $2.2 million. Assuming approximately 27.9 million shares outstanding, Brightcove expects its non-GAAP net loss per basic and diluted share to be $0.07 to $0.08. For fiscal 2012, it expects revenue to be $86.5 million to $87 million, and non-GAAP operating loss to be $7.5 million to $7.8 million. Assuming approximately 24.6 million shares outstanding, Brightcove expects its non-GAAP net loss per basic and diluted share to be $0.35 to $0.36. Full Article
Brightcove Inc Signs Definitive Agreement to Acquire Zencoder
Brightcove Inc announced that it has entered into a definitive agreement to acquire privately held Zencoder, cloud-based video encoding service. Zencoder also provides Video.js. Financial terms of the transaction were not disclosed. Full Article
Brightcove Inc Raises FY 2012 Guidance; Issues Q3 2012 Guidance; Revenue And EPS Above Analysts' Estimates
Brightcove Inc announced that for fiscal 2012, it expects revenue to be $85.3-$86.0 million, non-GAAP operating loss (EBIT) to be $10.5-$9.5 million and non-GAAP net loss per basic and diluted share (EPS) to be $0.47-$0.44. For third quarter of 2012, it expects revenue to be $21.1-$21.6 million, non-GAAP operating loss to be $(3.1)-$(2.8) million and non-GAAP net loss per basic and diluted share (EPS) to be $0.12-$0.11. According to I/B/E/S Estimates, analysts are expecting the Company to report EBIT of $(11.6) million and EPS of $(0.48) for fiscal 2012; revenue of $20.7 million, EBIT of $(2.72) million and EPS of $(0.10) for third quarter of 2012. Full Article
Brightcove Inc Issues FY, Q2 2012 Guidance
Brightcove Inc announced that for the second quarter of 2012, it expects revenue to be $19.5 million to $19.9 million, non-GAAP operating loss to be $3.5 million to $3.8 million, non-GAAP net loss per basic and diluted share to be $0.13 to $0.14. The Company's non-GAAP results exclude an estimated $1.2 million of stock-based compensation expense. GAAP net loss per basic and diluted share is expected to be $0.18 to $0.19. For fiscal 2012, it expects revenue to be $81.0 million to $82.5 million, non-GAAP operating loss to be $10 million to $11 million, non-GAAP net loss per basic and diluted share to be $0.44 to $0.48 and GAAP net loss per basic and diluted share is expected to be $0.69 to $0.73. Full Article
Brightcove Inc Announces Closing Of Initial Public Offering Of Common Stock And Exercise Of Over-Allotment Option
Brightcove Inc announced that it has closed its previously announced initial public offering of 5,000,000 shares of its common stock at a price to the public of $11.00 per share. In connection with the initial public offering, the underwriters exercised in full their option to purchase an additional 750,000 shares of common stock from the Company. As a result, the total initial public offering size was 5,750,000 shares. Morgan Stanley & Co. LLC and Stifel, Nicolaus & Company, Incorporated acted as joint book-running managers for the offering, and RBC Capital Markets, LLC, Pacific Crest Securities LLC and Raymond James & Associates, Inc. acted as co-managers for the offering. Full Article
Brightcove Inc Announces Pricing Of Initial Public Offering
Brightcove Inc announced the pricing of initial public offering of 5,000,000 shares of its common stock at a price to the public of USD11.00 per share. The shares are expected to begin trading on the NASDAQ Global Market on February 17, 2012 under the symbol 'BCOV.' In addition, Brightcove has granted the underwriters a 30-day option to purchase up to 750,000 additional shares of common stock to cover over-allotments, if any. Full Article
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