Last10K.com

Brightcove Inc (BCOV) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2015

Brightcove Inc

CIK: 1313275 Ticker: BCOV

Exhibit 99.1

Brightcove Announces Financial Results for Fourth Quarter and Fiscal Year 2015

Company reports fourth quarter revenue growth of 12%

and adjusted EBITDA of $3.3 million

BOSTON, MA (February 11, 2016)

Brightcove Inc. (Nasdaq: BCOV), a leading global provider of cloud services for video, today announced financial results for the fourth quarter and fiscal year ended December 31, 2015.

“Brightcove’s strong fourth quarter financial results, which exceeded expectations on both the top and bottom lines, were a good finish to an important year for the company,” said David Mendels, Chief Executive Officer of Brightcove. “In recent quarters we have validated that the enhanced product portfolio we brought to market in 2015 and our targeted go-to-market approach focused on driving improved business performance for media companies and digital marketers can drive accelerated revenue growth.”

Mendels added, “In 2016 we will make additional investments in the business to expand our sales capacity. The results we delivered in 2015 and the positive productivity trends from our existing sales organization give us confidence these investments will drive improved revenue growth and profitability in the future. We are increasingly confident in our ability to achieve our long-term financial objectives and deliver significant value to our shareholders.”

Fourth Quarter 2015 Financial Highlights:

 

    Revenue for the fourth quarter of 2015 was $35.1 million, an increase of 12% compared to $31.4 million for the fourth quarter of 2014. Subscription and support revenue was $34.1 million, an increase of 12% compared with $30.6 million for the fourth quarter of 2014.

 

    Gross profit for the fourth quarter of 2015 was $23.3 million, representing a gross margin of 66%, compared to a gross profit of $20.2 million for the fourth quarter of 2014. Non-GAAP gross profit for the fourth quarter of 2015 was $24.0 million, representing a year-over-year increase of 15% and a non-GAAP gross margin of 68%. Non-GAAP gross profit and non-GAAP gross margin exclude stock-based compensation expense and the amortization of acquired intangible assets.

 

    Loss from operations was $214,000 for the fourth quarter of 2015, compared to a loss from operations of $3.4 million for the fourth quarter of 2014. Non-GAAP income from operations, which excludes stock-based compensation expense, the amortization of acquired intangible assets and merger-related expenses, was $2.3 million for the fourth quarter of 2015, an improvement compared to a non-GAAP loss from operations of $980,000 during the fourth quarter of 2014.

 

    Net income was $172,000, or $0.01 per diluted share, for the fourth quarter of 2015. This compares to a net loss of $3.9 million, or $0.12 per diluted share, for the fourth quarter of 2014. Non-GAAP net income, which excludes stock-based compensation expense, the amortization of acquired intangible assets, merger-related expenses and gain from settlement of escrow claim, was $1.8 million for the fourth quarter of 2015, or $0.05 per diluted share, compared to a non-GAAP net loss of $1.5 million for the fourth quarter of 2014, or $0.05 per diluted share.


The following information was filed by Brightcove Inc (BCOV) on Thursday, February 11, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Brightcove Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Brightcove Inc.

Continue

Assess how Brightcove Inc's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Brightcove Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2016 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Loss
Consolidated Statements Of Operations
Consolidated Statements Of Stockholders' Equity
401(k) Savings Plan
401(k) Savings Plan - Additional Information (detail)
Accrued Expenses
Accrued Expenses (tables)
Accrued Expenses - Components Of Accrued Expenses (detail)
Business Combinations
Business Combinations - Additional Information (detail)
Business Description
Business Description - Additional Information (detail)
Commitments And Contingencies
Commitments And Contingencies (tables)
Commitments And Contingencies - Additional Information (detail)
Commitments And Contingencies - Future Minimum Rental Commitments Under Capital Leases (detail)
Commitments And Contingencies - Future Minimum Rental Commitments Under Operating Lease (detail)
Debt
Debt - Additional Information (detail)
Fair Value Measurements
Fair Value Measurements (tables)
Fair Value Measurements - Company's Financial Instruments Carried At Fair Value Using Lowest Level Of Input (detail)
Income Taxes
Income Taxes (tables)
Income Taxes - Additional Information (detail)
Income Taxes - Schedule Of Income Tax Effect Of Each Type Of Temporary Difference And Carryforward (detail)
Income Taxes - Schedule Of Loss Before Provision For Income Taxes (detail)
Income Taxes - Schedule Of Provision For Income Taxes (detail)
Income Taxes - Schedule Of Reconciliation Of U.s. Federal Statutory Rate To Effective Tax Rate (detail)
Intangible Assets And Goodwill
Intangible Assets And Goodwill (tables)
Intangible Assets And Goodwill - Additional Information (detail)
Intangible Assets And Goodwill - Estimated Remaining Amortization Expense (detail)
Intangible Assets And Goodwill - Finite Lived Intangible Assets (detail)
Non-controlling Interest
Non-controlling Interest (tables)
Non-controlling Interest - Additional Information (detail)
Non-controlling Interest - Schedule Of Changes In Non-controlling Interest (detail)
Quarterly Financial Data
Quarterly Financial Data (tables)
Quarterly Financial Data - Summary Of Quarterly Financial Data (detail)
Segment Information
Segment Information (tables)
Segment Information - Additional Information (detail)
Segment Information - Total Revenue To Unaffiliated Customers By Geographic Area, Based On Location Of Customer (detail)
Stockholders' Equity
Stockholders' Equity (tables)
Stockholders' Equity - Additional Information (detail)
Stockholders' Equity - Schedule Of Shares Of Common Stock Reserved For Future Issuance (detail)
Stockholders' Equity - Summary Of Rsu Activity (detail)
Stockholders' Equity - Summary Of Stock Option Activity (detail)
Stockholders' Equity - Summary Of Stock Option Activity (parenthetical) (detail)
Subsequent Events
Subsequent Events - Additional Information (detail)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (tables)
Summary Of Significant Accounting Policies - Additional Information (detail)
Summary Of Significant Accounting Policies - Potentially Dilutive Common Shares Excluded From Computation Of Dilutive Net Loss Per Share (detail)
Summary Of Significant Accounting Policies - Property And Equipment (detail)
Summary Of Significant Accounting Policies - Schedule Of Cash And Cash Equivalents (detail)
Summary Of Significant Accounting Policies - Summary Of Changes In Company's Allowance For Doubtful Accounts (detail)
Summary Of Significant Accounting Policies - Weighted Average Assumptions Utilized (detail)
Ticker: BCOV
CIK: 1313275
Form Type: 10-K Annual Report
Accession Number: 0001193125-16-482110
Submitted to the SEC: Fri Feb 26 2016 4:40:16 PM EST
Accepted by the SEC: Fri Feb 26 2016
Period: Thursday, December 31, 2015
Industry: Computer Processing And Data Preparation

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/bcov/0001193125-16-482110.htm