secwatch / observer
8-K filed November 8, 2022, 6:59 PM ET CIK 0001437352
earnings confidence high sentiment negative materiality 0.80

EVERBRIDGE, INC.: restructuring charge — Everbridge Q3 revenue $111.4M (+15% YoY); plans 200-job cut, guides 6-7% growth in 2023

EVERBRIDGE, INC.

2022-Q3 EPS reported -$1.95 revenue$314,762,000

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

EVERBRIDGE, INC. reported Third quarter ended September 30, 2022 results: net income GAAP net loss was $(22.1) million, compared to $(28.7) million for the third quarter of 2021., EPS GAAP net loss per share was $(0.56), based on 39.7 million basic and diluted weighted average common shares outstanding,.

Period
Third quarter ended September 30, 2022
Net income
GAAP net loss was $(22.1) million, compared to $(28.7) million for the third quarter of 2021.
EPS
GAAP net loss per share was $(0.56), based on 39.7 million basic and diluted weighted average common shares outstanding,
Result
reported results
Exact text from the filing
Everbridge , Inc. (NASDAQ: EVBG), the global leader in critical event management (CEM) and national public warning solutions, today announced its financial results for the third quarter ended September 30, 2022. Revenue was $111.4 million , up 15% year-over-year.
View on SEC.gov
Earnings Releases SEC 8-K Item 2.02 confidence 1.0

EVERBRIDGE, INC. reported Third quarter ended September 30, 2022 results: net income GAAP net loss was $(22.1) million, compared to $(28.7) million for the third quarter of 2021., EPS GAAP net loss per share was $(0.56), based on 39.7 million basic and diluted weighted average common shares outstanding,.

Period
Third quarter ended September 30, 2022
Net income
GAAP net loss was $(22.1) million, compared to $(28.7) million for the third quarter of 2021.
EPS
GAAP net loss per share was $(0.56), based on 39.7 million basic and diluted weighted average common shares outstanding,
Result
reported results
Exact text from the filing
GAAP net loss was $(22.1) million, compared to $(28.7) million for the third quarter of 2021. GAAP net loss per share was $(0.56), based on 39.7 million basic and diluted weighted average common shares outstanding, compared to $(0.75) for the third quarter of 2021, based on 38.4 million basic and diluted weighted average common shares outstanding.
View on SEC.gov
Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

EVERBRIDGE, INC. announced a restructuring with charges of approximately $30 million to $33 million.

Type
restructuring
Charge
approximately $30 million to $33 million
Exact text from the filing
On November 2, 2022, the Board of Directors of the Company approved an amendment to the 2022 Strategic Realignment program to include additional targeted realignment and reduction of headcount and other third-party spend. Overall, the 2022 Strategic Realignment charges will result in future cash expenditures of approximately $30 million to $33 million.
View on SEC.gov

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Source: SEC EDGAR
accession 0000950170-22-022892
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