$BCOV
Brightcove Inc

2018 Q4 Form 10-Q Financial Statement

#000119312518315862 Filed on November 01, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q3
Revenue $40.86M $41.12M $39.49M
YoY Change 1.9% 4.14% 2.86%
Cost Of Revenue $16.48M $16.32M $16.50M
YoY Change 0.98% -1.13% 19.79%
Gross Profit $24.39M $24.80M $22.98M
YoY Change 2.54% 7.92% -6.62%
Gross Profit Margin 59.68% 60.32% 58.2%
Selling, General & Admin $18.15M $19.63M $20.51M
YoY Change 4.37% -4.3% 11.12%
% of Gross Profit 74.42% 79.14% 89.25%
Research & Development $7.880M $8.314M $7.820M
YoY Change 4.23% 6.32% 1.51%
% of Gross Profit 32.31% 33.52% 34.03%
Depreciation & Amortization $1.640M $1.730M $1.940M
YoY Change -0.61% -10.82% 1.57%
% of Gross Profit 6.72% 6.97% 8.44%
Operating Expenses $26.19M $27.94M $28.33M
YoY Change 4.3% -1.37% 8.29%
Operating Profit -$2.527M -$3.141M -$5.349M
YoY Change 89.86% -41.28% 244.65%
Interest Expense $70.00K $50.00K $20.00K
YoY Change 133.33% 150.0% 100.0%
% of Operating Profit
Other Income/Expense, Net $30.00K -$217.0K $71.00K
YoY Change -405.63% -1520.0%
Pretax Income -$2.430M -$3.358M -$5.278M
YoY Change 85.5% -36.38% 238.99%
Income Tax $190.0K $144.0K $118.0K
% Of Pretax Income
Net Earnings -$2.617M -$3.502M -$5.396M
YoY Change 90.74% -35.1% 233.5%
Net Earnings / Revenue -6.4% -8.52% -13.67%
Basic Earnings Per Share -$0.16
Diluted Earnings Per Share -$71.70K -$96.66K -$0.16
COMMON SHARES
Basic Shares Outstanding 36.48M shares 35.92M shares 34.35M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $29.30M $26.90M $22.10M
YoY Change 12.26% 21.72% -37.22%
Cash & Equivalents $29.31M $26.86M $22.06M
Short-Term Investments
Other Short-Term Assets $7.070M $7.388M $2.938M
YoY Change 132.18% 151.46% 79.8%
Inventory
Prepaid Expenses $4.866M $4.483M $4.174M
Receivables $23.26M $24.04M $26.30M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $64.51M $62.77M $55.46M
YoY Change 10.45% 13.17% -12.93%
LONG-TERM ASSETS
Property, Plant & Equipment $9.703M $10.15M $9.005M
YoY Change 6.12% 12.75% -5.22%
Goodwill $50.78M $50.78M $50.78M
YoY Change 0.0% 0.0% 0.0%
Intangibles $5.919M $6.340M $8.910M
YoY Change -28.13% -28.84% -24.19%
Long-Term Investments
YoY Change
Other Assets $2.452M $2.288M $931.0K
YoY Change 153.04% 145.76% -2.62%
Total Long-Term Assets $68.85M $69.64M $69.75M
YoY Change -0.52% -0.14% -4.81%
TOTAL ASSETS
Total Short-Term Assets $64.51M $62.77M $55.46M
Total Long-Term Assets $68.85M $69.64M $69.75M
Total Assets $133.4M $132.4M $125.2M
YoY Change 4.5% 5.75% -8.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.712M $5.041M $6.635M
YoY Change 25.56% -24.02% 81.33%
Accrued Expenses $13.98M $15.07M $13.32M
YoY Change 2.65% 13.11% -7.67%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $100.0K
YoY Change -100.0% -66.67%
Long-Term Debt Due $200.0K $200.0K $300.0K
YoY Change 0.0% -33.33% -50.0%
Total Short-Term Liabilities $61.54M $59.78M $57.77M
YoY Change 3.63% 3.48% 7.72%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.202M $1.117M $1.253M
YoY Change -2.12% -10.85% -38.37%
Total Long-Term Liabilities $1.202M $1.117M $1.253M
YoY Change -2.12% -10.85% -38.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $61.54M $59.78M $57.77M
Total Long-Term Liabilities $1.202M $1.117M $1.253M
Total Liabilities $62.74M $61.17M $59.19M
YoY Change 3.09% 3.35% 6.32%
SHAREHOLDERS EQUITY
Retained Earnings -$178.7M -$176.1M -$168.9M
YoY Change 4.95% 4.25% 15.53%
Common Stock $37.00K $37.00K $35.00K
YoY Change 5.71% 5.71% 2.94%
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 135.0K shares 135.0K shares
Shareholders Equity $70.61M $71.24M $66.02M
YoY Change
Total Liabilities & Shareholders Equity $133.4M $132.4M $125.2M
YoY Change 4.5% 5.75% -8.59%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income -$2.617M -$3.502M -$5.396M
YoY Change 90.74% -35.1% 233.5%
Depreciation, Depletion And Amortization $1.640M $1.730M $1.940M
YoY Change -0.61% -10.82% 1.57%
Cash From Operating Activities $2.780M -$480.0K -$4.940M
YoY Change -46.64% -90.28% -288.55%
INVESTING ACTIVITIES
Capital Expenditures -$680.0K -$1.080M -$1.280M
YoY Change -33.98% -15.63% -10.49%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$680.0K -$1.080M -$1.280M
YoY Change -33.98% -15.63% -10.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 240.0K 1.120M -140.0K
YoY Change -284.62% -900.0% -103.68%
NET CHANGE
Cash From Operating Activities 2.780M -480.0K -4.940M
Cash From Investing Activities -680.0K -1.080M -1.280M
Cash From Financing Activities 240.0K 1.120M -140.0K
Net Change In Cash 2.340M -440.0K -6.360M
YoY Change -42.22% -93.08% -227.45%
FREE CASH FLOW
Cash From Operating Activities $2.780M -$480.0K -$4.940M
Capital Expenditures -$680.0K -$1.080M -$1.280M
Free Cash Flow $3.460M $600.0K -$3.660M
YoY Change -44.55% -116.39% -190.37%

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RevenueFromContractWithCustomerIncludingAssessedTax
123969000
us-gaap Revenues
Revenues
123969000
CY2017Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-5324000
CY2017Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
16504000
CY2017Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.16
CY2017Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5961000
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-5278000
CY2017Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
118000
CY2017Q3 us-gaap Gross Profit
GrossProfit
22983000
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
-5396000
CY2017Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
71000
bcov Percentage Of Revenue For Identifying Major Customers
PercentageOfRevenueForIdentifyingMajorCustomers
0.10 pure
bcov Percentage Of Revenue
PercentageOfRevenue
0.10 pure
CY2017Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
72000
CY2017Q3 us-gaap Operating Expenses
OperatingExpenses
28332000
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-5349000
CY2017Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
7820000
CY2017Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
39487000
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34 pure
us-gaap Share Based Compensation
ShareBasedCompensation
5022000
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
42508000
dei Trading Symbol
TradingSymbol
BCOV
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
35564311 shares
bcov Number Of Wholly Owned Subsidiaries
NumberOfWhollyOwnedSubsidiaries
10 Subsidiaries
CY2017Q3 us-gaap Revenues
Revenues
39487000
CY2017Q3 us-gaap Share Based Compensation
ShareBasedCompensation
1818000
CY2017Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
14551000
CY2017Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
34500868 shares
CY2017Q3 bcov Percentage Of Revenue For Identifying Major Customers
PercentageOfRevenueForIdentifyingMajorCustomers
0.10 pure
CY2017Q3 bcov Percentage Of Revenue
PercentageOfRevenue
0.10 pure
CY2018Q3 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
1900000
CY2018Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-3618000
CY2018Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
16318000
CY2018Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.10
CY2018Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5621000
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-3358000
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
144000
CY2018Q3 us-gaap Gross Profit
GrossProfit
24803000
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
-3502000
CY2018Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-217000
CY2018Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-116000
CY2018Q3 us-gaap Operating Expenses
OperatingExpenses
27944000
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-3141000
CY2018Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
8314000
CY2018Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
41121000
CY2018Q3 us-gaap Revenues
Revenues
41121000
CY2018Q3 us-gaap Share Based Compensation
ShareBasedCompensation
1522000
CY2018Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
14009000
CY2018Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
36212246 shares
CY2018Q3 bcov Percentage Of Revenue For Identifying Major Customers
PercentageOfRevenueForIdentifyingMajorCustomers
0.10 pure
CY2018Q3 bcov Percentage Of Revenue
PercentageOfRevenue
0.10 pure

Files In Submission

Name View Source Status
0001193125-18-315862-index-headers.html Edgar Link pending
0001193125-18-315862-index.html Edgar Link pending
0001193125-18-315862.txt Edgar Link pending
0001193125-18-315862-xbrl.zip Edgar Link pending
bcov-20180930.xml Edgar Link completed
bcov-20180930.xsd Edgar Link pending
bcov-20180930_cal.xml Edgar Link unprocessable
bcov-20180930_def.xml Edgar Link unprocessable
bcov-20180930_lab.xml Edgar Link unprocessable
bcov-20180930_pre.xml Edgar Link unprocessable
d626685d10q.htm Edgar Link pending
d626685dex311.htm Edgar Link pending
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