브라이트코브, 2019 회계연도 3분기 재무 실적 발표

매사추세츠주 보스턴(2019년 10월 23일 ) - 비디오용 클라우드 서비스를 제공하는 선도적 기업인 Brightcove(나스닥: BCOV)가 2019년 9월 30일 마감된 3분기 재무 실적을 오늘 발표했습니다.

"3분기에 브라이트코브는 시간이 지남에 따라 획기적인 성장과 수익성을 달성하는 데 초점을 맞춘 전략적 계획을 지속적으로 실행했습니다. 브라이트코브는 훌륭한 신규 인재를 영입하고 있으며, 특히 유럽과 북미 미디어 분야에서 분기 중 주요 고객사를 확보한 것에 고무되어 있습니다."라고 브라이트코브의 CEO인 제프 레이(Jeff Ray)는 말합니다.

레이는 "이번 분기에는 새로운 SaaS OTT 플랫폼인 브라이트코브 비콘을 출시하며 중요한 이정표를 달성했습니다. 브라이트코브 비콘은 핵심 시장 부문을 겨냥해 앞으로 몇 달 안에 출시할 특수 목적 애플리케이션 중 첫 번째 제품입니다. 이 새로운 솔루션이 고객에게 엄청난 가치를 빠르게 제공하고 브라이트코브의 성장을 가속화할 것으로 확신합니다."

2019년 3분기 재무 하이라이트:

• Revenue for the third quarter of 2019 was $47.4 million, an increase of 15% compared to $41.1 million for the third quarter of 2018. Subscription and support revenue was $45.4 million, an increase of 21% compared to $37.4 million for the third quarter of 2018.
• Gross profit for the third quarter of 2019 was $29.1 million, representing a gross margin of 61% compared to a gross profit of $24.8 million for the third quarter of 2018. Non-GAAP gross profit for the third quarter of 2019 was $29.8 million, representing a non-GAAP gross margin of 63%, compared to a non-GAAP gross profit of $25.4 million for the third quarter of 2018. Non-GAAP gross profit and non-GAAP gross margin exclude stock-based compensation expense, executive severance and restructuring expense and the amortization of acquired intangible assets.
• Loss from operations was $2.4 million for the third quarter of 2019, compared to a loss from operations of $3.1 million for the third quarter of 2018. Non-GAAP operating income, which excludes stock-based compensation expense, the amortization of acquired intangible assets, merger-related expense and executive severance and restructuring expense, was $2.8 million for the third quarter of 2019, compared to non-GAAP operating loss of $607,000 during the third quarter of 2018.
• Net loss was $3.0 million, or $0.08 per diluted share, for the third quarter of 2019. This compares to a net loss of $3.5 million, or $0.10 per diluted share, for the third quarter of 2018. Non-GAAP net income, which excludes stock-based compensation expense, the amortization of acquired intangible assets, merger-related expense and executive severance and restructuring expense, was $2.2 million for the third quarter of 2019, or $0.06 per diluted share, compared to non-GAAP net loss of $968,000 for the third quarter of 2018, or $0.03 per diluted share.
• Adjusted EBITDA was $4.1 million for the third quarter of 2019, compared to adjusted EBITDA of $575,000 for the third quarter of 2018. Adjusted EBITDA excludes stock-based compensation expense, merger-related expense, executive severance and restructuring expense, the amortization of acquired intangible assets, depreciation expense, other income/expense and the provision for income taxes.
• Cash flow provided in operations was $4.5 million for the third quarter for 2019, compared to cash flow used in operations of $488,000 for the third quarter of 2018.
• Free cash flow was $2.4 million after the company invested $2.1 million in capital expenditures and capitalization of internal-use software during the third quarter of 2019. Free cash flow was negative $1.6 million for the third quarter of 2018.
• Cash and cash equivalents were $22.6 million as of September 30, 2019 compared to $21.2 million at June 30, 2019.

이 보도자료 말미에 첨부된 재무제표 표에 GAAP와 비일반회계기준(Non-GAAP) 결과의 조정이 포함되어 있습니다. 이러한 측정치에 대한 설명은 아래 "비일반회계기준 재무 측정치"라는 제목 아래에도 포함되어 있습니다.

기타 3분기 및 최근 하이라이트:

• Average annual subscription revenue per premium customer was $84,500 in the third quarter of 2019, excluding starter customers who had average annualized revenue of $4,800 per customer. This compares to $74,000 in the comparable period in 2018.
• Recurring dollar retention rate was 85% in the third quarter of 2019, which was below our historical target of the low to mid-90 percent range.
• Ended the quarter with 3,720 customers, of which 2,362 were premium.
• New and existing customers who expanded their relationships during the third quarter include: Seven Network Limited, Radio New Zealand, The Christian Broadcasting Network, OONA International, Fremantle, National Basketball League, Myanma Post and Telecommunication, and Cloudera, among others.
• Announced Brightcove Beacon, a new SaaS-based OTT platform. Brightcove Beacon enables companies to deliver and launch premium video experiences quickly and cost effectively across mobile, web, smart TVs, and connected TVs, all with the flexibility of multiple monetization models, backed by the power of Brightcove.
• The Technology Services Industry Association recognized Brightcove as a Certified Staff Support Excellence Center for the 6th year in a row. This award recognizes Brightcove’s ability to deeply understand its customers’ needs throughout the lifecycle of a support case, and its efficiency in resolving those cases with just one interaction.

비즈니스 전망

2019년 10월 23일 오늘을 기준으로 한 정보를 바탕으로 다음과 같은 재무 가이던스를 발표합니다.

2019년 4분기:

• Revenue is expected to be in the range of $47.6 million to $48.1 million, including approximately $2.3 million of professional services revenue.
• Non-GAAP income from operations is expected to be in the range of $2.1 million to $2.6 million, which excludes stock-based compensation of approximately $1.7 million, the amortization of acquired intangible assets of approximately $1.0 million and merger-related expense of $3.0 million.
• Adjusted EBITDA is expected to be in the range of $3.4 to $3.9 million, which excludes stock-based compensation of approximately $1.7 million, the amortization of acquired intangible assets of approximately $1.0 million, merger-related expense of $3.0 million, depreciation expense of approximately $1.3 million and other income/expense and the provision for income taxes of approximately $300,000.
• Non-GAAP net income per diluted share is expected to be $0.05 to $0.06, which excludes stock-based compensation of approximately $1.7 million, the amortization of acquired intangible assets of approximately $1.0 million and merger-related expense of $3.0 million, and assumes approximately 39.9 million weighted-average shares outstanding.

2019년 한 해 동안:

• Revenue is expected to be in the range of $184.5 million to $185.0 million, including approximately $10.0 million of professional services revenue.
• Non-GAAP income from operations is expected to be in the range of $3.5 million to $4.0 million, which excludes stock-based compensation of approximately $6.2 million, the amortization of acquired intangible assets of approximately $3.2 million and merger-related expense of $11.1 million.
• Adjusted EBITDA is expected to be in the range of $8.7 million to $9.2 million, which excludes stock-based compensation of approximately $6.2 million, the amortization of acquired intangible assets of approximately $3.2 million, merger-related expense of $11.1 million, executive severance and restructuring expense of $752,000, depreciation expense of approximately $5.2 million and other income/expense and the provision for income taxes of approximately $1.3 million.
• Non-GAAP net income per diluted share is expected to be $0.06 to $0.07, which excludes stock-based compensation of approximately $6.2 million, the amortization of acquired intangible assets of approximately $3.2 million, merger-related expense of $11.1 million and executive severance and restructuring expense of $752,000, and assumes approximately 39.0 million weighted-average shares outstanding.

컨퍼런스 콜 정보

브라이트코브는 2019년 10월 23일 오후 5시(동부시간)에 회사의 재무 실적과 현재 사업 전망을 논의하기 위한 컨퍼런스 콜을 개최할 예정입니다. 회사 웹사이트의 '투자자' 페이지(http://investor.brightcove.com)에서 콘퍼런스 콜의 실시간 웹캐스트를 시청할 수 있습니다. 전화는 877-407-3982(국내) 또는 201-493-6780(국제)으로 전화하여 콘퍼런스콜에 참여할 수 있습니다. 이 컨퍼런스 콜의 리플레이는 844-512-2921(국내) 또는 412-317-6671(국제)로 한시적으로 제공될 예정입니다. 리플레이 컨퍼런스 ID는 13695238 입니다. 웹캐스트의 리플레이는 http://investor.brightcove.com 에서도 한시적으로 제공됩니다.

브라이트코브 소개 

브라이트코브(Brightcove Inc.)(나스닥: BCOV)는 모든 화면에서 비디오 경험을 관리, 전송 및 수익화하기 위한 강력한 클라우드 솔루션을 제공하는 선도적인 글로벌 기업입니다. 2004년 설립 이래 온라인 비디오 분야를 개척해온 브라이트코브는 수상 경력에 빛나는 기술, 독보적인 서비스, 광범위한 파트너 에코시스템, 검증된 글로벌 규모를 바탕으로 70여 개국 수천 개의 기업이 비디오를 통해 더 나은 비즈니스 성과를 달성하도록 지원하고 있습니다. 자세한 내용은 www.brightcove.com 참조.

미래예측 진술

이 보도자료에는 2019년 4분기 및 2019년 전체 회계연도에 대한 재무 가이던스, 성장 전략 실행에 대한 당사의 입장, 리더십 지위 및 시장 기회 확대 능력에 관한 진술을 포함하여 1995년 증권민사소송개혁법에 따른 특정 '미래예측진술'이 포함되어 있습니다. 이러한 미래예측진술에는 이 보도자료에 포함된 계획, 목표, 기대 및 의도 및 역사적 사실이 아닌 기타 진술과 '예상하다', '기대하다', '의도하다', '계획하다', '믿다', '추구하다', '추정하다' 또는 이와 유사한 의미의 단어로 식별되는 진술이 포함되지만 이에 국한되지 않습니다. 이러한 미래예측 진술은 현재 이용 가능한 정보와 가정을 바탕으로 한 당사의 계획, 의도, 기대, 전략 및 전망에 대한 당사의 현재 견해를 반영합니다. 당사는 이러한 미래예측진술에 반영되거나 제시된 당사의 계획, 의도, 기대, 전략 및 전망이 합리적이라고 믿지만, 이러한 계획, 의도, 기대 또는 전략이 달성되거나 달성될 것이라고 보장할 수 없습니다. 또한 실제 결과는 미래예측진술에 기술된 것과 실질적으로 다를 수 있으며 당사가 통제할 수 없는 다양한 위험 및 요인에 의해 영향을 받을 수 있으며, 여기에는 손실 이력, 우얄라 인수의 성공적인 통합, 당사 제품에 대한 고객 수요의 광범위한 채택에 대한 기대, 데이터 전송 및 저장 등 당사가 제공하는 서비스의 경쟁 심화 및 상품화의 영향, 미국 외 지역에 있는 고객에게 당사 제품 판매를 확대하는 당사의 능력 등이 포함되나 이에 한정되지 않습니다.미국 이외의 지역에 위치한 고객에 대한 제품 판매 확대 능력, 업계에서 경쟁력을 유지하는 데 필요한 빠른 기술 변화에 발맞추는 능력, 기존 고객을 유지하는 능력, 성장을 효과적으로 관리하고 우수한 인재를 성공적으로 추가 채용하는 능력, 보통주의 가격 변동성, 가장 최근에 제출한 10-K 양식의 연례 보고서의 '위험 요소' 항목에 명시된 기타 위험(이후 제출한 10-Q 양식의 분기 보고서 및 기타 SEC 제출 서류에서 업데이트됨)에 따라 변동될 수 있습니다. 당사는 새로운 정보, 향후 사건 또는 기타 사유로 인해 이 문서에 포함된 미래예측진술을 업데이트할 의무가 없습니다.

비일반회계기준 재무 측정

Brightcove has provided in this release the non-GAAP financial measures of non-GAAP gross profit, non-GAAP gross margin, non-GAAP income (loss) from operations, non-GAAP net income (loss), adjusted EBITDA and non-GAAP diluted net income (loss) per share. Brightcove uses these non-GAAP financial measures internally in analyzing its financial results and believes they are useful to investors, as a supplement to GAAP measures, in evaluating Brightcove’s ongoing operational performance. Brightcove believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing its financial results with other companies in Brightcove’s industry, many of which present similar non-GAAP financial measures to investors. As noted, the non-GAAP financial results discussed above of non-GAAP gross profit, non-GAAP gross margin, non-GAAP income (loss) from operations, non-GAAP net income (loss) and non-GAAP diluted net income (loss) per share exclude stock-based compensation expense, the amortization of acquired intangible assets, merger-related expenses and executive severance and restructuring expense. The non-GAAP financial results discussed above of adjusted EBITDA is defined as consolidated net income (loss), plus stock-based compensation expense, the amortization of acquired intangible assets, merger-related expenses, executive severance and restructuring expense, depreciation expense, other income/expense, including interest expense and interest income, and the provision for income taxes. Merger-related expenses include fees incurred in connection with an acquisition. Executive severance and restructuring expense represents severance paid to the former interim CEO of the company and costs to restructure certain parts of the company with the intent of aligning skills with the company’s strategy and facilitating cost efficiencies and savings. Non-GAAP financial measures have limitations as an analytical tool and should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Investors are encouraged to review the reconciliation of these non-GAAP measures to their most directly comparable GAAP financial measures. As previously mentioned, a reconciliation of our non-GAAP financial measures to their most directly comparable GAAP measures has been provided in the financial statement tables included below in this press release. The Company’s earnings press releases containing such non-GAAP reconciliations can be found on the Investors section of the Company’s web site at https://www.brightcove.com.

브라이트코브용 ICR

브라이언 데뇨

646-277-1251

[email protected]

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미디어:

브라이트코브 

메러디스 두하임

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