2015 Q2 Form 10-Q Financial Statement

#000114420415045177 Filed on July 30, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $32.85M $31.00M
YoY Change 5.95% 15.25%
Cost Of Revenue $11.56M $10.42M
YoY Change 10.88% 13.65%
Gross Profit $21.29M $20.58M
YoY Change 3.45% 16.08%
Gross Profit Margin 64.81% 66.38%
Selling, General & Admin $17.11M $17.24M
YoY Change -0.76% 11.22%
% of Gross Profit 80.38% 83.79%
Research & Development $7.267M $6.792M
YoY Change 6.99% 36.33%
% of Gross Profit 34.13% 33.0%
Depreciation & Amortization $2.370M $2.130M
YoY Change 11.27% 39.22%
% of Gross Profit 11.13% 10.35%
Operating Expenses $24.44M $24.56M
YoY Change -0.47% 16.76%
Operating Profit -$3.151M -$3.977M
YoY Change -20.77% 20.44%
Interest Expense -$20.00K -$20.00K
YoY Change 0.0% -200.0%
% of Operating Profit
Other Income/Expense, Net -$429.0K -$294.0K
YoY Change 45.92% 79.27%
Pretax Income -$3.580M -$4.271M
YoY Change -16.18% 23.23%
Income Tax $66.00K $56.00K
% Of Pretax Income
Net Earnings -$3.646M -$4.327M
YoY Change -15.74% 22.86%
Net Earnings / Revenue -11.1% -13.96%
Basic Earnings Per Share -$0.11 -$0.13
Diluted Earnings Per Share -$0.11 -$0.13
COMMON SHARES
Basic Shares Outstanding 32.53M shares 32.10M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $21.20M $20.80M
YoY Change 1.92% -31.8%
Cash & Equivalents $21.24M $20.79M
Short-Term Investments $0.00
Other Short-Term Assets $5.300M $5.900M
YoY Change -10.17% 28.26%
Inventory
Prepaid Expenses
Receivables $19.24M $19.84M
Other Receivables $0.00 $0.00
Total Short-Term Assets $45.70M $46.58M
YoY Change -1.89% -13.72%
LONG-TERM ASSETS
Property, Plant & Equipment $10.60M $11.12M
YoY Change -4.66% 56.26%
Goodwill $51.10M
YoY Change 132.08%
Intangibles $18.51M
YoY Change 94.31%
Long-Term Investments
YoY Change
Other Assets $1.200M $482.0K
YoY Change 148.96% -34.15%
Total Long-Term Assets $78.00M $81.41M
YoY Change -4.19% 105.62%
TOTAL ASSETS
Total Short-Term Assets $45.70M $46.58M
Total Long-Term Assets $78.00M $81.41M
Total Assets $123.7M $128.0M
YoY Change -3.35% 36.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.900M $899.0K
YoY Change 222.58% -1.32%
Accrued Expenses $9.800M $9.735M
YoY Change 0.67% -7.78%
Deferred Revenue
YoY Change
Short-Term Debt $700.0K $0.00
YoY Change
Long-Term Debt Due $1.100M $1.400M
YoY Change -21.43%
Total Short-Term Liabilities $43.30M $39.23M
YoY Change 10.38% 15.49%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $3.300M $2.811M
YoY Change 17.4% 121.86%
Total Long-Term Liabilities $3.300M $2.811M
YoY Change 17.4% 121.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $43.30M $39.23M
Total Long-Term Liabilities $3.300M $2.811M
Total Liabilities $46.60M $42.16M
YoY Change 10.53% 19.32%
SHAREHOLDERS EQUITY
Retained Earnings -$125.3M
YoY Change 10.28%
Common Stock $32.00K
YoY Change 14.29%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $77.10M $85.83M
YoY Change
Total Liabilities & Shareholders Equity $123.7M $128.0M
YoY Change -3.38% 36.78%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income -$3.646M -$4.327M
YoY Change -15.74% 22.86%
Depreciation, Depletion And Amortization $2.370M $2.130M
YoY Change 11.27% 39.22%
Cash From Operating Activities $380.0K $720.0K
YoY Change -47.22% -74.29%
INVESTING ACTIVITIES
Capital Expenditures -$2.040M -$1.580M
YoY Change 29.11% 97.5%
Acquisitions
YoY Change
Other Investing Activities $0.00 $1.660M
YoY Change -100.0% -52.84%
Cash From Investing Activities -$2.040M $70.00K
YoY Change -3014.29% -97.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.000M 140.0K
YoY Change 614.29% 16.67%
NET CHANGE
Cash From Operating Activities 380.0K 720.0K
Cash From Investing Activities -2.040M 70.00K
Cash From Financing Activities 1.000M 140.0K
Net Change In Cash -660.0K 930.0K
YoY Change -170.97% -83.51%
FREE CASH FLOW
Cash From Operating Activities $380.0K $720.0K
Capital Expenditures -$2.040M -$1.580M
Free Cash Flow $2.420M $2.300M
YoY Change 5.22% -36.11%

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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.66
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
5.25
CY2015Q2 us-gaap Share Based Compensation
ShareBasedCompensation
1336000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y10M28D
CY2015Q2 bcov Fair Value Of Companys Common Stock
FairValueOfCompanysCommonStock
6.86
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
4.14
CY2015Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y1M6D
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0181 pure
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.46 pure
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
pure
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.28
CY2014Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y1M6D
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0219 pure
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.52 pure
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
pure
CY2015Q2 us-gaap Capital Lease Obligations
CapitalLeaseObligations
793000 USD
CY2015Q2 us-gaap Capital Leases Future Minimum Payments Remainder Of Fiscal Year
CapitalLeasesFutureMinimumPaymentsRemainderOfFiscalYear
132000 USD
CY2015Q2 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
264000 USD
CY2015Q2 us-gaap Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
264000 USD
CY2015Q2 us-gaap Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
121000 USD
CY2015Q2 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments
45000 USD
CY2015Q2 us-gaap Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments
CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments
736000 USD
CY2015Q2 us-gaap Capital Leased Assets Gross
CapitalLeasedAssetsGross
746000 USD
CY2015Q2 us-gaap Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation
CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation
42000 USD
dei Entity Registrant Name
EntityRegistrantName
BRIGHTCOVE INC
dei Entity Central Index Key
EntityCentralIndexKey
0001313275
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2015-06-30
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2

Files In Submission

Name View Source Status
0001144204-15-045177-index-headers.html Edgar Link pending
0001144204-15-045177-index.html Edgar Link pending
0001144204-15-045177.txt Edgar Link pending
0001144204-15-045177-xbrl.zip Edgar Link pending
bcov-20150630.xml Edgar Link completed
bcov-20150630.xsd Edgar Link pending
bcov-20150630_cal.xml Edgar Link unprocessable
bcov-20150630_def.xml Edgar Link unprocessable
bcov-20150630_lab.xml Edgar Link unprocessable
bcov-20150630_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
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report.css Edgar Link pending
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tlogo.jpg Edgar Link pending
v416145_10q.htm Edgar Link pending
v416145_ex10-1.htm Edgar Link pending
v416145_ex31-1.htm Edgar Link pending
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v416145_ex32-1.htm Edgar Link pending