EVERBRIDGE, INC.
everbridge.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q1 FY2024 10-Q, filed May 9, 2024. Its latest SEC filing is a 15-12G from Jul 12, 2024.
10-Q for Q1 FY2024, filed May 9, 2024
The sections below describe the company as of the FY2023 annual report.
What Did They Do?
Provided software for businesses and public agencies to assess threats, locate people at risk, and coordinate communications during emergencies and business disruptions.
10-K for FY2023, filed Feb 27, 2024
How Did They Make Money?
Organizations were generally billed and paid annually in advance for access to hosted applications over the subscription term. Professional-services fees came from deployment, optimization and training as work was performed; on-premises software licenses generated sales when made available for use.
10-K for FY2023, filed Feb 27, 2024We sell all of our critical event management applications on a subscription basis. We generally enter into contracts that range from one to…View ↗
Subscription services revenues primarily consist of fees that provide customers access to one or more of the Company’s hosted applications…View ↗
Professional services revenues primarily consist of fees for deployment and optimization services, as well as training. The majority of the…View ↗
The Company also sells software and related post contract support for on premises usage as well as professional services, hardware and…View ↗
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10-K for FY2023, filed Feb 27, 2024
FY2023 revenue by product or service ↗
$448.8M
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10-K for FY2023, filed Feb 27, 2024
$448.8M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Subscription Services
Recurring
10-K for FY2023, filed Feb 27, 2024 |
91%
FY2020: 89%
|
Subscription Services, FY2023
$410.5M Sources
|
Recurring |
|
Professional Services
|
5.5%
FY2020: 7.5%
|
Professional Services, FY2023
$24.7M Sources
|
|
|
Software Licenses and Other
Sold outright
|
3.0%
FY2020: 3.0%
|
Software Licenses and Other, FY2023
$13.6M Sources
|
Sold outright |
Who Were Their Customers?
Served enterprises, small businesses, nonprofits, educational institutions and government agencies. Customers bought through direct inside and field sales teams or channel partners; larger or more complex transactions were generally handled by field sales.
10-K for FY2023, filed Feb 27, 2024Our customer base has grown from 867 customers at the end of 2011 to more than 6,700 customers as of December 31, 2023. We define a…View ↗
We sell our solutions through our business development and direct inside sales teams, a direct field sales team and a growing partner…View ↗
We also sell through channel partners both domestically and internationally. To help integrate our applications with other third-party…View ↗
Did Revenues Turn Into Profits?
No. It lost $47.3M in FY2023.
10-K for FY2023, filed Feb 27, 2024
How Were They Changing?
- Net income
-
Sources
10-Q for Q1 FY2024, filed May 9, 2024
−$20.1MView ↗
- ▲ +37% (Loss)
- vs −$14.6M in Q1 FY2023
10-Q for Q1 FY2024, filed May 9, 2024
Open tableView ↗
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Jul 2, 2024
Thoma Bravo completed its acquisition of Everbridge
Everbridge became privately held, and its common stock stopped trading on Nasdaq.
Sources
8-K, filed Jul 2, 2024
BURLINGTON, Mass. & MIAMI – July 2, 2024 – Thoma Bravo, a leading software investment firm, today announced the completion of its…View ↗
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Mar 1, 2024
Thoma Bravo raised its offer to acquire Everbridge
The amended agreement set the cash price at $35.00 per share.
Sources
8-K, filed Mar 1, 2024
The A&R Merger Agreement increases the consideration to be paid with respect to each share of common stock of Everbridge, par value $0.001…View ↗
Grew. Revenue grew 2.2x in 4 years, from $200.9M in FY2019 to $448.8M in FY2023, about 22% a year.
Product lineup
The latest report named CareConverge and SnapComms among its applications; the older report named Incident Management and Visual Command Center.
10-K for FY2020, filed Feb 26, 2021 10-K for FY2023, filed Feb 27, 2024Everbridge is a global software company that provides enterprise software applications that automate and accelerate organizations’…View ↗
Everbridge is a global software company that empowers resilience by leveraging intelligent automation technology to enable customers to…View ↗
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