secwatch.observer — SEC 8-K summary
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Issuer:     BRIGHTCOVE INC (—)
CIK:        0001313275
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001193125-24-134211
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

Brightcove Q1 revenue $50.5M (+3% YoY), net income $1.6M vs loss, adj EBITDA $5.0M
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- Revenue $50.5M, up 3% YoY; subscription & support revenue $48.0M (+2%).
- Net income $1.6M ($0.04 diluted EPS) vs net loss of $11.7M ($0.28 loss) in Q1 2023.
- Non-GAAP net income $0.5M ($0.01 EPS); adjusted EBITDA $5.0M (10% margin) vs negative $2.7M a year ago.
- Cash & equivalents rose $4.3M to $22.9M; free cash flow negative $1.0M vs negative $17.5M in Q1 2023.
- CEO highlighted record backlog, record ARPU, and second straight quarter of revenue growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1313275/000119312524134211/0001193125-24-134211-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1313275/000119312524134211/d834375d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-134211

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer