secwatch.observer — SEC 8-K summary
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Issuer:     BRIGHTCOVE INC (—)
CIK:        0001313275
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0001193125-24-042834
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brightcove Q4 revenue up 2% to $50.2M; CFO Noreck resigning effective May 31
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- Q4 GAAP net loss $2.5M ($0.06/diluted) vs $5.4M loss prior year; non-GAAP net income $1.9M ($0.04/diluted).
- Adjusted EBITDA $5.5M (11% margin), up 366% YoY; free cash flow positive $1.4M vs -$585K.
- FY2023 revenue $201.2M (-5% YoY); net loss $22.9M ($0.53) vs $9.0M loss in 2022.
- CFO Robert Noreck resigns effective by May 31, 2024 or upon successor; will consult until Sep 30; not due to disagreement.
- Cash $18.6M at Dec 31, 2023, up from $16.4M at Sep 30 but down from $31.9M year ago.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1313275/000119312524042834/0001193125-24-042834-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1313275/000119312524042834/d777825d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-042834

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