Everbridge Stock Price, News & Analysis

Everbridge has appointed Sheila Carpenter as its new Chief Information Officer (CIO). With over 25 years of experience in IT and cybersecurity, Sheila will lead the global IT operations and collaborate with the executive team to enhance internal information systems. Previously, she was CIO at Zix and held senior positions at other tech firms. This leadership change is seen as a strategic move to bolster Everbridge's position in Critical Event Management as it continues to grow its service delivery.

Everbridge, Inc. (NASDAQ: EVBG) will announce its financial results for Q3 2022 on November 8, 2022, before market open. A conference call is scheduled for 8:30 a.m. ET to discuss the results. Everbridge provides Critical Event Management solutions and serves over 6,300 customers globally, enabling organizations to respond effectively to critical events. The call will include a Q&A session, and a recorded version will be accessible afterward on Everbridge's investor relations website.

Everbridge, a leader in critical event management, has partnered with the World Climate Summit – The Investment COP to address climate risks. The company will present innovative approaches combining public safety technology with insurance at the conference on November 13, 2022. Everbridge aims to enhance resilience for organizations facing climate challenges by leveraging index-based insurance. Cost-benefit studies indicate that investing in disaster resilience could yield savings of $3 to $8 for every dollar spent. This collaboration underscores Everbridge’s commitment to supporting climate adaptation initiatives.

Everbridge has appointed David Alexander as its new Chief Marketing Officer, leveraging over 20 years of experience in B2B and SaaS marketing. He will oversee the global strategy for the brand and the Critical Event Management product suite. Previously, Alexander held leadership roles at F5, SAP Concur, and Microsoft, where he championed digital transformation and revenue growth. He aims to enhance customer engagement and strengthen the Everbridge brand in addressing critical events globally.

Everbridge (NASDAQ: EVBG) has integrated its Risk Intelligence monitoring system into its Control Center, enhancing security management capabilities. This enables users to combine external risk data with internal security systems, allowing operators to visualize over 25,000 risk intelligence sources. The integration aims to improve situational awareness and operational efficiency. Additionally, Everbridge launched Resilience Insights to analyze operational disruptions and risks at new facilities, offering insights into crime and environmental hazards. This announcement was made at the Global Security Exchange (GSX) 2022 in Atlanta.

Everbridge marks three years of supporting WIRES, Australia's largest wildlife rescue organization, enhancing animal rescue response times. During recent severe flooding, WIRES received approximately 10,000 rescue calls. With Everbridge's critical event management solutions, it efficiently communicated with over 5,200 volunteers in affected areas, leading to hundreds of animal rescues. Everbridge's partnership facilitates a 'collaborative rescue' program, expanding volunteer reach. The company also powers Australia's national emergency alert system, benefiting millions. This collaboration exemplifies Everbridge’s commitment to public safety.

Everbridge has integrated its Critical Event Management (CEM) platform with Omnilert’s Active Shooter Solution, utilizing AI technology for early visual gun detection. This collaboration allows clients to respond rapidly to potential threats, significantly enhancing crisis management capabilities. The integration aims to empower organizations with automated emergency plans and facilitate efficient communication through various modes, ensuring a swift response to incidents. With active shooter incidents rising by 50% in 2021 compared to 2020, this solution is timely and crucial for public safety.

Everbridge, a global leader in Critical Event Management (CEM), has launched the Everbridge Travel Protector, an integrated SaaS solution combining Travel Risk Management (TRM) with CEM. This platform aids organizations in fulfilling their Duty of Care towards traveling employees. The service has already proven crucial in evacuating personnel from conflict zones, such as Ukraine. Everbridge will showcase this solution at the GBTA Convention 2022 in San Diego, emphasizing the importance of operational resilience in today’s hybrid workforce.

Everbridge (NASDAQ: EVBG) reported strong second quarter results for 2022, with revenue reaching $103.0 million, reflecting a 19% year-over-year increase. The company also achieved a significant rise in global enterprise customers, totaling 6,345. However, GAAP operating loss widened to $(36.1) million, compared to $(27.4) million in Q2 2021. Non-GAAP metrics improved, showing a non-GAAP operating profit of $1.0 million. The firm is on track to achieve a mid-teens adjusted EBITDA margin by year-end, as indicated in its financial outlook.