Brightcove Inc Stock Research

Market Summary

USD4.20+0.02

Delayedas of 01 Jun 2023, 02:04 pm

0.48%

BCOV Alerts

2 major insider buys recently.

BCOV Stock Price

BCOV RSI Chart

BCOV Valuation

Market Cap

177.5K

Price/Earnings (Trailing)

-0.02

Price/Sales (Trailing)

8e-4

EV/EBITDA

-19.47

Price/Free Cashflow

0.01

BCOV Price/Sales (Trailing)

BCOV Profitability

EBT Margin

-4.30%

Return on Equity

-8.81%

Return on Assets

-3.96%

Free Cashflow Yield

8.3K%

BCOV Fundamentals

BCOV Revenue

Revenue (TTM)

206.7M

Revenue Y/Y

-8.09%

Revenue Q/Q

-0.36%

BCOV Earnings

Earnings (TTM)

-19.1M

Earnings Y/Y

-615.58%

Earnings Q/Q

-117.05%

Price Action

52 Week Range

3.287.39

(Low)(High)

Last 7 days

0.5%

Last 30 days

4.0%

Last 90 days

-16.1%

Trailing 12 Months

-40.6%

BCOV Financial Health

Current Ratio

0.74

BCOV Investor Care

Shares Dilution (1Y)

2.53%

Diluted EPS (TTM)

-0.46

Peers (Alternatives to Brightcove)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ADP	86.4B	17.7B	-5.49%	-4.41%	26.5	4.89	9.65%	13.95%
FISV	70.3B	18.1B	-7.62%	11.99%	29.01	3.88	9.25%	42.67%
SQ	38.0B	18.6B	0.28%	-30.99%	-70.35	2.17	12.05%	-340.94%
CTSH	31.7B	19.4B	4.43%	-15.27%	13.73	1.63	2.55%	5.10%
VRSN	23.3B	1.4B	1.79%	27.94%	33.51	16.15	6.77%	-12.24%
MID-CAP
CACI	6.8B	6.6B	-5.38%	6.72%	18.44	1.03	8.44%	-9.95%
DXC	5.5B	14.8B	4.86%	-28.93%	7.64	0.37	-10.79%	217.70%
SAIC	5.3B	7.7B	-5.66%	12.90%	17.52	0.68	4.19%	8.30%
PRFT	2.6B	914.4M	19.77%	-21.90%	25.1	2.86	12.36%	58.54%
SMALL-CAP
FSLY	2.1B	447.9M	10.52%	24.75%	-12.06	4.61	20.45%	27.54%
CSGS	1.5B	1.1B	-8.84%	-22.49%	35.45	1.35	6.27%	-28.34%
TCX	336.9M	320.5M	43.91%	-35.77%	-7.72	1.05	1.88%	-2317.40%
INOD	279.1M	76.6M	51.65%	58.28%	-25	3.64	2.22%	-131.47%
UIS	265.7M	2.0B	20.92%	-67.06%	-2.51	0.13	2.93%	35.91%
BCOV	177.5K	206.7M	3.98%	-40.62%	-0.02	8e-4	-1.41%	-1293.58%

Financials for Brightcove

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	-2.0%	207	211	214	213	210
Gross Profit	-4.2%	128	134	139	138	137
Operating Expenses	2.2%	145	142	140	139	137
S&GA Expenses	1.6%	75.00	74.00	74.00	73.00	73.00
R&D Expenses	4.9%	35.00	34.00	32.00	32.00	32.00
EBITDA	-72.4%	2.00	6.00	7.00	-	-
EBITDA Margin	-72.2%	0.01*	0.03*	0.03*	-	-
Earnings Before Taxes	-98.6%	-18.01	-9.07	-3.30	-2.36	-1.53
EBT Margin	-179.3%	-0.04*	-0.02*	-0.01*	-0.01*	-
Net Income	-111.8%	-19.09	-9.01	-3.20	-2.54	-1.37
Net Income Margin	-186.2%	-0.04*	-0.01*	-0.01*	-0.01*	-
Free Cahsflow	-4.4%	15.00	15.00	14.00	16.00	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	-1.0%	225	228	231	227	227
Current Assets	-3.8%	74.00	77.00	83.00	82.00	83.00
Cash Equivalents	-60.9%	12.00	32.00	31.00	28.00	27.00
Net PPE	6.2%	42.00	40.00	37.00	33.00	26.00
Goodwill	0%	75.00	75.00	75.00	75.00	75.00
Liabilities	4.5%	131	125	128	124	127
Current Liabilities	6.3%	110	104	106	102	104
Shareholder's Equity	-7.9%	94.00	102	103	103	100
Retained Earnings	-5.6%	-221	-210	-204	-202	-202
Additional Paid-In Capital	1.1%	318	315	311	308	305
Shares Outstanding	0.6%	0.00	0.00	0.00	-	-

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	-47.0%	13.00	25.00	25.00	21.00	19.00
Share Based Compensation	0.5%	14.00	14.00	13.00	12.00	11.00
Cashflow From Investing	34.6%	-24.71	-37.77	-36.07	-32.54	-27.26
Cashflow From Financing	-2439.8%	-2.11	-0.08	0.00	1.00	0.00

Risks for BCOV

What is the probability of a big loss on BCOV?

88.8%

Probability that Brightcove stock will be more than 20% underwater in next one year

76.5%

Probability that Brightcove stock will be more than 30% underwater in next one year.

51.5%

Probability that Brightcove stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does BCOV drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Brightcove was unfortunately bought at previous high price.

Drawdowns

Returns for BCOV

Cumulative Returns on BCOV

-5.6%

10-Year Cumulative Returns

-6.6%

7-Year Cumulative Returns

-16.7%

5-Year Cumulative Returns

-19.6%

3-Year Cumulative Returns

What are the long-term rolling returns for BCOV?

FIve years rolling returns for Brightcove.

Annualized Returns

Which funds bought or sold BCOV recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-18	JPMORGAN CHASE & CO	reduced	-11.2	-231,000	714,000	-%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-77.55	-110,000	26,000	-%
2023-05-16	SUSQUEHANNA INTERNATIONAL GROUP, LLP	new	-	152,332	152,332	-%
2023-05-16	JANE STREET GROUP, LLC	sold off	-100	-52,739	-	-%
2023-05-15	HSBC HOLDINGS PLC	new	-	62,123	62,123	-%
2023-05-15	JACOBS LEVY EQUITY MANAGEMENT, INC	reduced	-38.2	-806,616	894,468	-%
2023-05-15	MORGAN STANLEY	added	8.28	-101,856	1,192,690	-%
2023-05-15	Tudor Investment Corp Et Al	reduced	-9.61	-71,000	237,000	-%
2023-05-15	Tenzing Global Management, LLC	reduced	-62.00	-4,423,750	2,113,750	1.29%
2023-05-15	Quadrature Capital Ltd	new	-	132,058	132,058	-%

Latest Funds Activity

Are funds buying BCOV calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own BCOV

No. of Funds

BCOV Alerts

2 major insider buys recently.

Brightcove News

Schedule 13G FIlings of Brightcove

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Mar 20, 2023	edenbrook capital, llc	14.36%	0	SC 13D/A
Feb 14, 2023	lynrock lake lp	7.5%	3,146,959	SC 13G
Feb 13, 2023	archon capital management llc	5.76%	2,424,129	SC 13G/A
Feb 10, 2023	trigran investments, inc.	16.4%	6,878,602	SC 13G/A
Feb 09, 2023	vanguard group inc	6.64%	2,795,661	SC 13G/A
Feb 01, 2023	blackrock inc.	6.2%	2,606,687	SC 13G/A
Nov 16, 2022	edenbrook capital, llc	13.33%	0	SC 13D/A
Oct 17, 2022	tenzing global management, llc	4.9%	2,040,000	SC 13D/A
Sep 23, 2022	edenbrook capital, llc	12.21%	0	SC 13D/A
Aug 22, 2022	tenzing global management, llc	5.9%	2,500,000	SC 13D/A

BCOV Fair Value

Show Fair-Value

Recent SEC filings of Brightcove

View All Filings

Date Filed	Form Type	Document
May 18, 2023	4	Insider Trading
May 17, 2023	S-8	Employee Benefits Plan
May 11, 2023	4	Insider Trading
May 11, 2023	8-K	Current Report
May 11, 2023	4	Insider Trading
May 11, 2023	4	Insider Trading
May 11, 2023	4	Insider Trading
May 11, 2023	4	Insider Trading
May 11, 2023	4	Insider Trading
May 11, 2023	4	Insider Trading

Latest Insider Trading transactions for BCOV

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-05-17	DeBevoise Marc	bought	194,344	3.53	55,055	chief executive officer
2023-05-16	DeBevoise Marc	bought	51,111	3.42	14,945	chief executive officer
2023-05-10	HAROIAN GARY E	acquired	-	-	21,841	-
2023-05-10	Neeley Tsedal	acquired	-	-	21,841	-
2023-05-10	Hessan Diane	acquired	-	-	21,841	-
2023-05-10	Ranjan Ritcha	acquired	-	-	21,841	-
2023-05-10	KURNIT SCOTT	acquired	-	-	21,841	-
2023-05-10	WHEELER THOMAS E	acquired	-	-	21,841	-
2023-05-10	Frank Kristin E.	acquired	-	-	21,841	-
2023-04-26	Edenbrook Capital, LLC	bought	38,494	3.8494	10,000	-

About Brightcove

Marc DeBevoise

www.brightcove.com

690

Brightcove Inc. provides cloud-based services for video. Its flagship product includes Video Cloud, an online video platform that enables its customers to publish and distribute video to Internet-connected devices. The company also offers Brightcove Live, a solution for live streaming; Brightcove Beacon, an application that enables companies to launch over-the-top video experiences on multiple monetization models; Brightcove Player, a video player technology with a cloud-based service for creating and managing experiences; and Zencoder, a cloud-based video encoding technology. In addition, it provides video solutions, such as Brightcove CorpTV, an application that enables marketing videos, product announcements, training programs, and other live and on-demand content; Video Marketing Suite, a suite of video technologies to drive awareness, engagement, and conversion; Enterprise Video Suite, an enterprise-class platform for internal communications, employee training, live streaming, marketing, and e-commerce videos; and Virtual Events Experience, a platform to create customized, live, and virtual experiences. The company serves media, broadcasters, publishers, sports and entertainment companies, fashion, faith-based institutions, retail and e-commerce platforms, and hi-tech organizations, governments, educational institutions, and hospitality brands. It also sells its products in the America, Europe, Asia Pacific, Japan, and the Middle East. Brightcove Inc. was incorporated in 2004 and is headquartered in Boston, Massachusetts.

BCOV Income Statement

2023-03-31

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenue:
Revenue	$ 49,063	$ 53,379
Cost of revenue:
Cost of revenue	20,267	18,980
Gross profit	28,796	34,399
Operating expenses:
Research and development	9,866	8,237
Sales and marketing	19,465	18,288
General and administrative	10,064	8,089
Merger-related	145	594
Other expense	0	1,149
Total operating expenses	39,540	36,357
Loss from operations	(10,744)	(1,958)
Other expense, net	(543)	(387)
Loss before income taxes	(11,287)	(2,345)
Provision (benefit) for income taxes	427	(708)
Net loss	$ (11,714)	$ (1,637)
Net loss per share-basic and diluted
Basic	$ (0.28)	$ (0.04)
Diluted	$ (0.28)	$ (0.04)
Weighted-average shares-basic and diluted
Basic	42,528	41,436
Diluted	42,528	41,436
Subscription and Support Revenue [Member]
Revenue:
Revenue	$ 47,102	$ 51,601
Cost of revenue:
Cost of revenue	18,265	16,982
Professional Services and Other Revenue [Member]
Revenue:
Revenue	1,961	1,778
Cost of revenue:
Cost of revenue	$ 2,002	$ 1,998

BCOV Balance Sheet

2023-03-31

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 12,478	$ 31,894
Accounts receivable, net of allowance of $343 and $294 at March 31, 2023 and December 31, 2022, respectively	40,623	26,004
Prepaid expenses	9,786	8,700
Other current assets	11,513	10,722
Total current assets	74,400	77,320
Property and equipment, net	42,155	39,677
Operating lease right-of-use asset	18,025	18,671
Intangible assets, net	9,261	10,279
Goodwill	74,859	74,859
Other assets	6,750	7,007
Total assets	225,450	227,813
Current liabilities:
Accounts payable	13,014	11,326
Accrued expenses	21,692	26,877
Operating lease liability	4,218	4,157
Deferred revenue	71,537	61,597
Total current liabilities	110,461	103,957
Operating lease liability, net of current portion	19,740	20,528
Other liabilities	959	981
Total liabilities	131,160	125,466
Commitments and contingencies (Note 8)
Stockholders' equity:
Undesignated preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued
Common stock, $0.001 par value; 100,000,000 shares authorized; 42,992,371 and 42,449,677 shares issued at March 31, 2023 and December 31, 2022, respectively	43	42
Additional paid-in capital	318,293	314,825
Treasury stock, at cost; 135,000 shares	(871)	(871)
Accumulated other comprehensive loss	(1,405)	(1,593)
Accumulated deficit	(221,770)	(210,056)
Total stockholders' equity	94,290	102,347
Total liabilities and stockholders' equity	$ 225,450	$ 227,813