---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-022892"
form_type: "8-K"
ticker: null
cik: "0001437352"
company_name: "EVERBRIDGE, INC."
filed_at: "2022-11-08T23:59:59+00:00"
generated_at: "2026-06-22T03:16:42.464120+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Everbridge Q3 revenue $111.4M (+15% YoY); plans 200-job cut, guides 6-7% growth in 2023

## Summary
- Q3 revenue $111.4M (+15% YoY); GAAP net loss $(22.1)M (-$0.56/sh) vs $(28.7)M; Non-GAAP net income $12.3M ($0.27/sh).
- Adjusted EBITDA $15.2M, up from $4.9M a year ago; cash flow from ops $18.0M vs $(2.7)M.
- Board expanded 2022 Strategic Realignment; expects $30-33M cash spend, $14-15M restructuring charges, $17-19M transformation costs.
- Plans to reduce workforce by ~200 employees; targets 2023 adj. EBITDA $85M, baseline revenue growth 6-7%.
- Recorded highest number of contracts over $100K in Q3; total enterprise customers grew to 6,417.

## SEC filing metadata
- accession: 0000950170-22-022892
- form_type: 8-K
- cik: 0001437352
- company_name: EVERBRIDGE, INC.
- filed_at: 2022-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 2.05, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1437352/000095017022022892/0000950170-22-022892-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437352/000095017022022892/evbg-20221108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-022892
- JSON: https://secwatch.observer/filing/0000950170-22-022892.json
- Plain text: https://secwatch.observer/filing/0000950170-22-022892.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1437352/000095017022022892/0000950170-22-022892-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1437352/000095017022022892/0000950170-22-022892-index.htm
- Restructurings & Charges
  EVERBRIDGE, INC. announced a restructuring with charges of approximately $30 million to $33 million.
  - Type: restructuring
  - Charge: approximately $30 million to $33 million
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1437352/000095017022022892/0000950170-22-022892-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.