Brightcove Stock Price, News & Analysis

Brightcove Inc. (NASDAQ: BCOV) has appointed David Beck as its first Chief Strategy and Corporate Development Officer. Beck will work alongside new CEO Marc DeBevoise, focusing on enhancing existing offerings and expanding into new markets. With over two decades of experience at renowned companies, Beck aims to drive strategic growth initiatives for the company. His previous roles include significant contributions to AMC's streaming transformation and WarnerMedia's corporate strategy.

Brightcove Inc. (Nasdaq: BCOV) reported Q1 2022 revenue of $53.4 million, down 3% from $54.8 million in Q1 2021. Subscription revenue increased 2% to $51.6 million. Gross profit was $34.4 million with a 64% margin. The company faced a net loss of $1.6 million, compared to a net income of $5.1 million last year. Adjusted EBITDA fell to $5.1 million from $8.6 million in Q1 2021. For Q2 2022, revenue guidance is set at $51.5M to $52.5M, and full-year revenue is projected between $210M and $215M.

Brightcove Inc. (NASDAQ: BCOV) is set to report its first quarter financial results for the period ending March 31, 2022, post-market on April 27, 2022. The company will conduct a conference call on the same day at 5:00 PM ET to discuss the results and future outlook. Brightcove, a leader in video technology solutions, aims to enhance connections between businesses and audiences worldwide. The call can be accessed via phone or through a live webcast on their investor page, with a replay available until May 4, 2022.

Brightcove Inc. (NASDAQ: BCOV) announces Diane Hessan as the new Chairman of the Board, succeeding Deborah Besemer, who will retire at the 2022 Annual Meeting after 14 years on the board. Hessan, a board member since 2017 and CEO of Salient Ventures, expresses enthusiasm for leading the company into its next growth phase alongside new CEO Marc DeBevoise. Brightcove continues to position itself as a leader in the video streaming market, benefiting from the ongoing video revolution.

Brightcove Inc. (NASDAQ: BCOV) announced its fourth quarter and full-year 2021 financial results. Q4 revenue decreased by 2% to $52.6 million, with subscription revenue declining by 1%. Gross profit increased to $34.7 million, reflecting a gross margin of 66%. The company reported net income of $417,000 or $0.01 per diluted share. For full-year 2021, revenue rose by 7% to $211.1 million. The company anticipates Q1 2022 revenue between $50.5 million to $51.5 million, with non-GAAP net income expected at $0.02 to $0.04 per diluted share. Marc DeBevoise was appointed as the new CEO.

Brightcove Inc. (NASDAQ: BCOV) announced on February 9, 2022, that it has entered an employment agreement with Marc DeBevoise, effective April 4, 2022. The agreement includes the granting of 300,000 time-based and 500,000 performance-based restricted stock units. The time-based units will vest over three years, while the performance-based units depend on certain stock-price metrics achieved within four years. The awards follow NASDAQ Listing Rule 5635(c)(4) and are part of the 2022 Inducement Plan.

Brightcove Inc. (Nasdaq: BCOV) has appointed Marc DeBevoise as Chief Executive Officer and Board Director, effective March 28, 2022. DeBevoise brings over 20 years of experience in technology and media, having previously served at ViacomCBS and CBS Interactive. Under his leadership, Brightcove aims to enhance its video streaming solutions amidst a growing market. The transition comes as former CEO Jeff Ray retires after leading the company to profitability. Brightcove has also made recent acquisitions and launched new platforms to strengthen its offerings.

Brightcove Inc. (NASDAQ: BCOV) will announce its fourth quarter and fiscal year results for the period ending December 31, 2021 after U.S. market close on February 16, 2022. A conference call to discuss these financial results and the company's outlook will take place the same day at 5:00 p.m. ET. Investors can access the call via the company’s website. The replay will be available until February 23, 2022.

Brightcove Inc. (NASDAQ: BCOV) has acquired Wicket Labs, enhancing its intelligent video platform with advanced audience insights for improved subscriber analytics. This strategic acquisition allows customers to leverage deeper insights into customer lifetime values, engagement, and viewing behaviors, ultimately driving better decisions in subscriber acquisition and retention. The integration aims to strengthen Brightcove's commitment to analytics, artificial intelligence, and machine learning, enhancing its competitive edge in the video technology market.