$BCOV
Brightcove Inc

2016 Q4 Form 10-Q Financial Statement

#000119312516757006 Filed on November 02, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q3
Revenue $38.63M $38.39M $33.84M
YoY Change 9.93% 13.45% 7.33%
Cost Of Revenue $15.35M $13.78M $11.51M
YoY Change 29.86% 19.68% 6.41%
Gross Profit $23.27M $24.61M $22.33M
YoY Change -0.21% 10.24% 7.81%
Gross Profit Margin 60.25% 64.11% 65.98%
Selling, General & Admin $18.93M $18.46M $16.06M
YoY Change 16.35% 14.98% 0.29%
% of Gross Profit 81.34% 75.0% 71.91%
Research & Development $7.760M $7.704M $7.233M
YoY Change 11.65% 6.51% 0.64%
% of Gross Profit 33.34% 31.3% 32.4%
Depreciation & Amortization $1.900M $1.910M $2.100M
YoY Change 6.15% -9.05% -2.33%
% of Gross Profit 8.16% 7.76% 9.41%
Operating Expenses $26.96M $26.16M $23.35M
YoY Change 14.87% 12.05% -1.96%
Operating Profit -$3.684M -$1.552M -$1.025M
YoY Change 1621.5% 51.41% -67.04%
Interest Expense $10.00K $10.00K -$30.00K
YoY Change -150.0% -133.33% 50.0%
% of Operating Profit
Other Income/Expense, Net -$480.0K -$5.000K -$127.0K
YoY Change -187.27% -96.06% -79.32%
Pretax Income -$4.160M -$1.557M -$1.152M
YoY Change -1441.94% 35.16% -69.07%
Income Tax $210.0K $61.00K $123.0K
% Of Pretax Income
Net Earnings -$4.363M -$1.618M -$1.275M
YoY Change -2636.63% 26.9% -66.49%
Net Earnings / Revenue -11.3% -4.21% -3.77%
Basic Earnings Per Share -$0.13 -$0.05 -$0.04
Diluted Earnings Per Share -$0.13 -$0.05 -$0.04
COMMON SHARES
Basic Shares Outstanding 33.78M shares 33.07M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $36.80M $35.20M $23.80M
YoY Change 33.33% 47.9% 9.68%
Cash & Equivalents $36.81M $35.19M $23.79M
Short-Term Investments
Other Short-Term Assets $2.168M $1.634M $4.700M
YoY Change 72.2% -65.23% -4.08%
Inventory
Prepaid Expenses $3.729M $4.168M
Receivables $21.58M $22.71M $20.10M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $64.29M $63.70M $48.67M
YoY Change 20.32% 30.9% 5.28%
LONG-TERM ASSETS
Property, Plant & Equipment $9.264M $9.501M $10.52M
YoY Change 6.62% -9.68% 1.3%
Goodwill $50.78M $50.78M $50.78M
YoY Change 0.0% 0.0% -0.63%
Intangibles $10.97M $11.75M $14.55M
YoY Change -20.43% -19.2% -17.76%
Long-Term Investments
YoY Change
Other Assets $1.008M $956.0K $984.0K
YoY Change 39.23% -2.85% 47.31%
Total Long-Term Assets $72.14M $73.27M $77.03M
YoY Change -2.83% -4.88% -3.77%
TOTAL ASSETS
Total Short-Term Assets $64.29M $63.70M $48.67M
Total Long-Term Assets $72.14M $73.27M $77.03M
Total Assets $136.4M $137.0M $125.7M
YoY Change 6.86% 8.98% -0.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.327M $3.659M $2.573M
YoY Change 61.33% 42.21% 250.54%
Accrued Expenses $15.71M $14.43M $10.55M
YoY Change 22.23% 36.69% 9.66%
Deferred Revenue
YoY Change
Short-Term Debt $300.0K $300.0K $700.0K
YoY Change -57.14%
Long-Term Debt Due $500.0K $600.0K $900.0K
YoY Change -44.44% -33.33% -35.71%
Total Short-Term Liabilities $56.49M $53.63M $45.17M
YoY Change 20.62% 18.73% 12.1%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.644M $2.033M $2.967M
YoY Change -36.79% -31.48% 14.51%
Total Long-Term Liabilities $1.644M $2.033M $2.967M
YoY Change -36.79% -31.48% 14.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $56.49M $53.63M $45.17M
Total Long-Term Liabilities $1.644M $2.033M $2.967M
Total Liabilities $58.23M $55.67M $48.40M
YoY Change 17.55% 15.01% 12.78%
SHAREHOLDERS EQUITY
Retained Earnings -$150.6M -$146.2M -$140.8M
YoY Change 7.1% 3.87% 9.04%
Common Stock $34.00K $34.00K $33.00K
YoY Change 3.03% 3.03% 3.13%
Preferred Stock
YoY Change
Treasury Stock (at cost) $871.0K $871.0K
YoY Change 0.0%
Treasury Stock Shares 135.0K shares 135.0K shares
Shareholders Equity $78.20M $81.30M $77.29M
YoY Change
Total Liabilities & Shareholders Equity $136.4M $137.0M $125.7M
YoY Change 6.86% 8.97% -0.45%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income -$4.363M -$1.618M -$1.275M
YoY Change -2636.63% 26.9% -66.49%
Depreciation, Depletion And Amortization $1.900M $1.910M $2.100M
YoY Change 6.15% -9.05% -2.33%
Cash From Operating Activities $3.450M $2.620M $3.820M
YoY Change -28.57% -31.41% 49.22%
INVESTING ACTIVITIES
Capital Expenditures -$1.060M -$1.430M -$720.0K
YoY Change -263.08% 98.61% -32.71%
Acquisitions
YoY Change
Other Investing Activities $200.0K $0.00
YoY Change
Cash From Investing Activities -$860.0K -$1.430M -$720.0K
YoY Change -232.31% 98.61% -32.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -270.0K 3.800M -570.0K
YoY Change -82.8% -766.67% 83.87%
NET CHANGE
Cash From Operating Activities 3.450M 2.620M 3.820M
Cash From Investing Activities -860.0K -1.430M -720.0K
Cash From Financing Activities -270.0K 3.800M -570.0K
Net Change In Cash 2.320M 4.990M 2.530M
YoY Change -40.66% 97.23% 112.61%
FREE CASH FLOW
Cash From Operating Activities $3.450M $2.620M $3.820M
Capital Expenditures -$1.060M -$1.430M -$720.0K
Free Cash Flow $4.510M $4.050M $4.540M
YoY Change 7.89% -10.79% 25.07%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2015Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
23788000
CY2015Q3 bcov Number Of Customers Accounted For More Than Ten Percentage Of Accounts Receivable
NumberOfCustomersAccountedForMoreThanTenPercentageOfAccountsReceivable
0 Customer
CY2016Q3 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
9608000
CY2016Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2016Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
9809000
CY2016Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
0
CY2016Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2016Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
33863052 shares
CY2016Q3 us-gaap Assets
Assets
136971000
CY2016Q3 us-gaap Assets Current
AssetsCurrent
63704000
CY2016Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2016Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
13113000
CY2016Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
168000
CY2016Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
35192000
CY2016Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
22710000
CY2016Q3 us-gaap Common Stock Value
CommonStockValue
34000
CY2016Q3 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
5000
CY2016Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
3659000
CY2016Q3 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
34690000
CY2016Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
229004000
CY2016Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-644000
CY2016Q3 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
551000
CY2016Q3 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
80000
CY2016Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
14426000
CY2016Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2016Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2016Q3 us-gaap Restricted Investments At Fair Value
RestrictedInvestmentsAtFairValue
201000
CY2016Q3 us-gaap Other Assets Current
OtherAssetsCurrent
1634000
CY2016Q3 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
304000
CY2016Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
11753000
CY2016Q3 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
35192000
CY2016Q3 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
35192000
CY2016Q3 us-gaap Liabilities
Liabilities
55668000
CY2016Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
136971000
CY2016Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
244000
CY2016Q3 us-gaap Goodwill
Goodwill
50776000
CY2016Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
2033000
CY2016Q3 us-gaap Liabilities Current
LiabilitiesCurrent
53630000
CY2016Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
4168000
CY2016Q3 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
35192000
CY2016Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
956000
CY2016Q3 us-gaap Preferred Stock Value
PreferredStockValue
CY2016Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9501000
CY2016Q3 us-gaap Stockholders Equity
StockholdersEquity
81303000
CY2016Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-146220000
CY2016Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
135000 shares
CY2016Q3 us-gaap Treasury Stock Value
TreasuryStockValue
871000
CY2016Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
95000
CY2015Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
3302000
CY2015Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
29836000
CY2015Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
220458000
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-888000
CY2016Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
201000
CY2016Q3 bcov Assets Acquisition Contingent Consideration
AssetsAcquisitionContingentConsideration
250000
CY2016Q3 bcov Number Of Customers Accounted For More Than Ten Percentage Of Accounts Receivable
NumberOfCustomersAccountedForMoreThanTenPercentageOfAccountsReceivable
0 Customer
CY2016Q3 bcov Number Of Customers Accounted For More Than Ten Percentage Of Revenue
NumberOfCustomersAccountedForMoreThanTenPercentageOfRevenue
0 Customer
CY2016Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
33783814 shares
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
22916000
CY2015Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
9580000
CY2015Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2015Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
9781000
CY2015Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2015Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
32810631 shares
CY2015Q4 us-gaap Assets
Assets
127668000
CY2015Q4 us-gaap Assets Current
AssetsCurrent
53429000
CY2015Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2015Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
332000
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
27637000
CY2015Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
21213000
CY2015Q4 us-gaap Common Stock Value
CommonStockValue
33000
CY2015Q4 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
850000
CY2015Q4 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
63000
CY2015Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
12849000
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2015Q4 us-gaap Restricted Investments At Fair Value
RestrictedInvestmentsAtFairValue
201000
CY2015Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1259000
CY2015Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
13786000
CY2015Q4 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
27637000
CY2015Q4 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
27637000
CY2015Q4 us-gaap Liabilities
Liabilities
49533000
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
127668000
CY2015Q4 us-gaap Goodwill
Goodwill
50776000
CY2015Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
2601000
CY2015Q4 us-gaap Liabilities Current
LiabilitiesCurrent
46837000
CY2015Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
3320000
CY2015Q4 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
27637000
CY2015Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
724000
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
8689000
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
78135000
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-140597000
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
135000 shares
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
871000
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
201000
CY2015Q4 bcov Number Of Customers Accounted For More Than Ten Percentage Of Revenue
NumberOfCustomersAccountedForMoreThanTenPercentageOfRevenue
0 Customer
CY2016Q1 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
300000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
872000
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.24
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-42000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
14761000
us-gaap Cost Of Goods Sold Subscription
CostOfGoodsSoldSubscription
31017000
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
138000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
6898000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-7691000
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
875000
us-gaap Cost Of Revenue
CostOfRevenue
34662000
us-gaap Revenues
Revenues
99570000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-780000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-1660000
us-gaap Gross Profit
GrossProfit
64908000
us-gaap Operating Expenses
OperatingExpenses
71625000
us-gaap Net Income Loss
NetIncomeLoss
-7752000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
317000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-7497000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-3499000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
61000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1050000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1001000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
441000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
478000
us-gaap Operating Income Loss
OperatingIncomeLoss
-6717000
us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
3645000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
164000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-45000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
957000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
48000
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
2658000
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
1020000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
255000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
4249000
us-gaap Subscription Revenue
SubscriptionRevenue
96912000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2479000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00 pure
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
988000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
22320000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
72000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.47 pure
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
1704000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.25
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
34406000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0185 pure
us-gaap Share Based Compensation
ShareBasedCompensation
4312000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y2M12D
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
576000
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
32560478 shares
bcov Percentage Of Revenue
PercentageOfRevenue
0.10 pure
dei Entity Registrant Name
EntityRegistrantName
BRIGHTCOVE INC
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001313275
us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P3Y
dei Document Period End Date
DocumentPeriodEndDate
2016-09-30
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
7555000
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.17
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
458000
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2016
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
14190000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
233000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-5421000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-4434000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-244000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1441000
us-gaap Cost Of Goods Sold Subscription
CostOfGoodsSoldSubscription
35041000
us-gaap Debt Instrument Covenant Description
DebtInstrumentCovenantDescription
If the outstanding principal during any month is at least $15.0 million, the Company must also maintain a minimum net income threshold based on non-GAAP operating measures.
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
21000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5901000
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-5867000
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
us-gaap Cost Of Revenue
CostOfRevenue
40494000
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y6M18D
us-gaap Revenues
Revenues
111641000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-127000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1953000
us-gaap Gross Profit
GrossProfit
71147000
us-gaap Operating Expenses
OperatingExpenses
76441000
us-gaap Net Income Loss
NetIncomeLoss
-5623000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-17000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1720000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
200000
us-gaap Operating Income Loss
OperatingIncomeLoss
-5294000
us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
5453000
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
300000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
3902000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
4278000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
216000
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
5705000
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
2940000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
202000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
7629000
us-gaap Subscription Revenue
SubscriptionRevenue
105936000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1194000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00 pure
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
682000
dei Trading Symbol
TradingSymbol
BCOV
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
22385000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4392000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.45 pure
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
604000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
4.17
CY2015Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1260000
us-gaap Share Based Compensation
ShareBasedCompensation
4265000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y1M6D
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
196000
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
32956186 shares
bcov Number Of Wholly Owned Subsidiaries
NumberOfWhollyOwnedSubsidiaries
9 Subsidiaries
CY2015Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
62000
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
39845000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0141 pure
bcov Percentage Of Revenue
PercentageOfRevenue
0.10 pure
CY2015Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.04
CY2015Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4391000
CY2015Q3 us-gaap Cost Of Goods Sold Subscription
CostOfGoodsSoldSubscription
10314000
CY2015Q3 us-gaap Cost Of Revenue
CostOfRevenue
11512000
CY2015Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
15000
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-1025000
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.49
CY2015Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
11664000
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0190 pure
CY2015Q3 us-gaap Share Based Compensation
ShareBasedCompensation
1523000
CY2015Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3M18D
CY2015Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
32636084 shares
CY2015Q3 bcov Percentage Of Revenue
PercentageOfRevenue
0.10 pure
CY2016Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.05
CY2015Q3 us-gaap Revenues
Revenues
33837000
CY2015Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-127000
CY2015Q3 us-gaap Gross Profit
GrossProfit
22325000
CY2015Q3 us-gaap Operating Expenses
OperatingExpenses
23350000
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
-1275000
CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1152000
CY2015Q3 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
1198000
CY2015Q3 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
653000
CY2015Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
123000
CY2015Q3 us-gaap Subscription Revenue
SubscriptionRevenue
33184000
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00 pure
CY2015Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
7233000
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.46 pure
CY2016Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5126000
CY2016Q3 us-gaap Cost Of Goods Sold Subscription
CostOfGoodsSoldSubscription
11691000
CY2016Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1631000
CY2016Q3 us-gaap Cost Of Revenue
CostOfRevenue
13777000
CY2016Q3 us-gaap Revenues
Revenues
38389000
CY2016Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-5000
CY2016Q3 us-gaap Gross Profit
GrossProfit
24612000
CY2016Q3 us-gaap Operating Expenses
OperatingExpenses
26164000
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
-1618000
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1557000
CY2016Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-13000
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-1552000
CY2016Q3 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
2086000
CY2016Q3 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
2186000
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
61000
CY2016Q3 us-gaap Subscription Revenue
SubscriptionRevenue
36203000
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00 pure
CY2016Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
7704000
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.45 pure
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
4.98
CY2016Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
13334000
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0135 pure
CY2016Q3 us-gaap Share Based Compensation
ShareBasedCompensation
1681000
CY2016Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y2M12D
CY2016Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
33345161 shares
CY2016Q3 bcov Percentage Of Revenue
PercentageOfRevenue
0.10 pure

Files In Submission

Name View Source Status
0001193125-16-757006-index-headers.html Edgar Link pending
0001193125-16-757006-index.html Edgar Link pending
0001193125-16-757006.txt Edgar Link pending
0001193125-16-757006-xbrl.zip Edgar Link pending
bcov-20160930.xml Edgar Link completed
bcov-20160930.xsd Edgar Link pending
bcov-20160930_cal.xml Edgar Link unprocessable
bcov-20160930_def.xml Edgar Link unprocessable
bcov-20160930_lab.xml Edgar Link unprocessable
bcov-20160930_pre.xml Edgar Link unprocessable
d270457d10q.htm Edgar Link pending
d270457dex311.htm Edgar Link pending
d270457dex312.htm Edgar Link pending
d270457dex321.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending