The 10-second takeaway
For the quarter ended March 31 (Q1), Brightcove beat expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP loss per share shrank. GAAP loss per share shrank.
Gross margins dropped, operating margins increased, net margins grew.
Brightcove reported revenue of $24.7 million. The five analysts polled by S&P Capital IQ foresaw a top line of $23.8 million on the same basis. GAAP reported sales were 24% higher than the prior-year quarter's $19.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.06. The six earnings estimates compiled by S&P Capital IQ predicted -$0.09 per share. Non-GAAP EPS were -$0.06 for Q1 compared to -$0.27 per share for the prior-year quarter. GAAP EPS were -$0.15 for Q1 compared to -$0.27 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 66.0%, 210 basis points worse than the prior-year quarter. Operating margin was -13.5%, 280 basis points better than the prior-year quarter. Net margin was -17.1%, 90 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $25.2 million. On the bottom line, the average EPS estimate is -$0.07.
Next year's average estimate for revenue is $107.8 million. The average EPS estimate is -$0.20.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 26 members out of 32 rating the stock outperform, and six members rating it underperform. Among 14 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 11 give Brightcove a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Brightcove is outperform, with an average price target of $15.73.
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