$BCOV
Brightcove Inc

2018 Q2 Form 10-Q Financial Statement

#000119312518148843 Filed on May 02, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2018 Q1 2017 Q1
Revenue $41.65M $41.19M $37.57M
YoY Change 7.49% 9.64% 3.53%
Cost Of Revenue $16.62M $17.21M $15.22M
YoY Change 0.24% 13.1% 14.73%
Gross Profit $25.04M $23.98M $22.35M
YoY Change 12.9% 7.29% -2.93%
Gross Profit Margin 60.1% 58.22% 59.5%
Selling, General & Admin $22.31M $18.62M $19.29M
YoY Change 2.43% -3.46% 12.74%
% of Gross Profit 89.11% 77.66% 86.3%
Research & Development $7.743M $7.775M $8.194M
YoY Change -6.47% -5.11% 10.34%
% of Gross Profit 30.93% 32.42% 36.66%
Depreciation & Amortization $1.790M $1.644M $1.734M
YoY Change -7.73% -5.19% -13.9%
% of Gross Profit 7.15% 6.85% 7.76%
Operating Expenses $30.05M $26.40M $27.49M
YoY Change -0.02% -3.95% 11.92%
Operating Profit -$5.017M -$2.416M -$5.132M
YoY Change -36.36% -52.92% 235.21%
Interest Expense $60.00K $50.00K $20.00K
YoY Change 100.0% 150.0% 100.0%
% of Operating Profit
Other Income/Expense, Net -$481.0K $271.0K $138.0K
YoY Change -253.18% 96.38% -545.16%
Pretax Income -$5.498M -$2.145M -$4.994M
YoY Change -27.37% -57.05% 219.72%
Income Tax $154.0K $112.0K $79.00K
% Of Pretax Income
Net Earnings -$5.652M -$2.257M -$5.073M
YoY Change -26.39% -55.51% 215.68%
Net Earnings / Revenue -13.57% -5.48% -13.5%
Basic Earnings Per Share -$0.15
Diluted Earnings Per Share -$159.0K -$64.72K -$0.15
COMMON SHARES
Basic Shares Outstanding 35.35M shares 34.95M shares 34.06M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q2 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $27.50M $26.40M $29.20M
YoY Change -3.17% -9.59% -0.34%
Cash & Equivalents $27.45M $26.13M $29.17M
Short-Term Investments
Other Short-Term Assets $7.359M $7.953M $2.999M
YoY Change 160.4% 165.19% 94.99%
Inventory
Prepaid Expenses $5.639M $5.274M $5.187M
Receivables $25.91M $27.41M $22.44M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $66.36M $67.05M $59.79M
YoY Change 12.43% 12.15% 6.16%
LONG-TERM ASSETS
Property, Plant & Equipment $9.927M $10.08M $9.273M
YoY Change 9.51% 8.74% 0.91%
Goodwill $50.78M $50.78M $50.78M
YoY Change 0.0% 0.0% 0.0%
Intangibles $6.888M $7.562M $10.26M
YoY Change -28.14% -26.29% -22.99%
Long-Term Investments
YoY Change
Other Assets $2.211M $2.141M $980.0K
YoY Change 140.33% 118.47% 11.24%
Total Long-Term Assets $69.89M $70.66M $71.42M
YoY Change -0.83% -1.06% -4.07%
TOTAL ASSETS
Total Short-Term Assets $66.36M $67.05M $59.79M
Total Long-Term Assets $69.89M $70.66M $71.42M
Total Assets $136.3M $137.7M $131.2M
YoY Change 5.21% 4.96% 0.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.309M $5.866M $6.014M
YoY Change -13.68% -2.46% 115.87%
Accrued Expenses $13.74M $14.48M $11.96M
YoY Change 1.52% 21.11% -9.07%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $300.0K
YoY Change -100.0% -100.0% 0.0%
Long-Term Debt Due $0.00 $100.0K $400.0K
YoY Change -100.0% -75.0% -42.86%
Total Short-Term Liabilities $62.97M $63.67M $54.55M
YoY Change 7.32% 16.7% 9.47%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.044M $1.134M $1.491M
YoY Change -24.24% -23.94% -44.53%
Total Long-Term Liabilities $1.044M $1.134M $1.491M
YoY Change -24.24% -23.94% -44.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $62.97M $63.67M $54.55M
Total Long-Term Liabilities $1.044M $1.134M $1.491M
Total Liabilities $64.16M $64.95M $56.11M
YoY Change 6.77% 15.76% 6.55%
SHAREHOLDERS EQUITY
Retained Earnings -$172.6M -$167.0M -$155.9M
YoY Change 5.55% 7.12% 9.6%
Common Stock $36.00K $35.00K $34.00K
YoY Change 5.88% 2.94% 3.03%
Preferred Stock
YoY Change
Treasury Stock (at cost) $871.0K $871.0K $871.0K
YoY Change 0.0% 0.0% 0.0%
Treasury Stock Shares 135.0K shares 135.0K shares 135.0K shares
Shareholders Equity $72.10M $66.76M $75.10M
YoY Change
Total Liabilities & Shareholders Equity $136.3M $137.7M $131.2M
YoY Change 5.21% 4.96% 0.33%

Cashflow Statement

Concept 2018 Q2 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income -$5.652M -$2.257M -$5.073M
YoY Change -26.39% -55.51% 215.68%
Depreciation, Depletion And Amortization $1.790M $1.644M $1.734M
YoY Change -7.73% -5.19% -13.9%
Cash From Operating Activities -$690.0K $935.0K -$6.600M
YoY Change 527.27% -114.17% -320.0%
INVESTING ACTIVITIES
Capital Expenditures -$1.230M $538.0K $378.0K
YoY Change 50.0% 42.33% -55.16%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$1.230M -$1.539M -$980.0K
YoY Change 50.0% 57.04% -44.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.350M 544.0K -290.0K
YoY Change 16650.0% -287.59% -220.83%
NET CHANGE
Cash From Operating Activities -690.0K 935.0K -6.600M
Cash From Investing Activities -1.230M -1.539M -980.0K
Cash From Financing Activities 3.350M 544.0K -290.0K
Net Change In Cash 1.430M -60.00K -7.870M
YoY Change -257.14% -99.24% -639.04%
FREE CASH FLOW
Cash From Operating Activities -$690.0K $935.0K -$6.600M
Capital Expenditures -$1.230M $538.0K $378.0K
Free Cash Flow $540.0K $397.0K -$6.978M
YoY Change -23.94% -105.69% -423.5%

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OperatingExpenses
26399000
CY2018Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
544000
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
-2257000
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-2416000
CY2018Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
247000
CY2018Q1 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
3755000
CY2018Q1 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
3327000
CY2018Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
271000
CY2018Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
6000
CY2018Q1 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
1001000
CY2018Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
538000
CY2018Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
683000
CY2018Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
13000
CY2018Q1 us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
107000
CY2018Q1 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
26000
CY2018Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
7775000
CY2018Q1 us-gaap Revenues
Revenues
41194000
CY2018Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1668000
CY2018Q1 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
13234000
CY2018Q1 us-gaap Subscription Revenue
SubscriptionRevenue
37867000
CY2018Q1 dei Trading Symbol
TradingSymbol
BCOV
CY2018Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
34923215 shares
CY2018Q1 bcov Number Of Wholly Owned Subsidiaries
NumberOfWhollyOwnedSubsidiaries
9 Subsidiaries
CY2018Q1 bcov Percentage Of Revenue
PercentageOfRevenue
0.10 pure
CY2018Q1 bcov Percentage Of Revenue For Identifying Major Customers
PercentageOfRevenueForIdentifyingMajorCustomers
0.10 pure

Files In Submission

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0001193125-18-148843.txt Edgar Link pending
0001193125-18-148843-xbrl.zip Edgar Link pending
bcov-20180331.xml Edgar Link completed
bcov-20180331.xsd Edgar Link pending
bcov-20180331_cal.xml Edgar Link unprocessable
bcov-20180331_def.xml Edgar Link unprocessable
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bcov-20180331_pre.xml Edgar Link unprocessable
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