MONTCLAIR, N.J., Nov. 26, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) (“180 Degree Capital”), is pleased to note that its portfolio company, Brightcove, Inc. (BCOV), announced yesterday that it has entered into a definitive agreement to be acquired by Bending Spoons for approximately $233 million, or $4.45 per share. Prior to this announcement, 180 Degree Capital owned approximately 1.35 million shares of BCOV. “We would like to congratulate Marc, John, and the entire BCOV team on today’ ...

NEW YORK, Nov. 25, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Brightcove Inc. (NASDAQ: BCOV), relating to the proposed merger with Bending Spoons. Under the terms of the agreement, Brightcove shareholders will receive $4.45 per share in cash for each sh ...

Table of Contents ne UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2024 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number: 001-35429 BRIGHTCOVE INC. (Exact name of registrant as specified in its charter) Delaware 20-1579162 (Stat ...

Brightcove Inc. (NASDAQ: BCOV ) reported Q3 2024 earnings without significant changes in results. The company's revenues, gross profits, and earnings have been pretty stagnant for more than a year after the post-pandemic cancellations moderated. Under the hood, however, theLong-only investment, evaluating companies from an operational, buy-and-hold perspective.Quipus Capital does not focus on market-driven dynamics and future price action. Instead, our articles focus on operational aspects, understanding th ...

Brightcove Inc. (NASDAQ:BCOV) Q3 2024 Earnings Conference Call November 4, 2024 5:00 PM ET Company Participants Marc DeBevoise - Chief Executive Officer John Wagner - Chief Financial Officer Conference Call Participants Steven Frankel - Rosenblatt Securities Inc. Maxwell Michaelis - Lake Street Capital Markets Operator Good afternoon and welcome to Brightcove's Third Quarter 2024 Earnings Presentation. Today, we'll discuss the results announced in our press release issued after the market closed. During tod ...

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Revenue Performance - Revenue for Q3 2024 was $49.9 million, a decrease of 2% from $51.0 million in Q3 2023[3] - Subscription and support revenue was $48.0 million, down 1% from $48.6 million in Q3 2023[3] - Total revenue for the three months ended September 30, 2024, was $49,950, a decrease of 2.02% compared to $50,980 for the same period in 2023[16] - Subscription and support revenue for the three months ended September 30, 2024, was $47,963, down from $48,571 in the prior year, representing a decline of 1.25%[16] - Total revenue for the nine months ended September 30, 2024, was $149,678[20] Profitability Metrics - Adjusted EBITDA was $5.1 million, representing a margin of 10%, compared to $5.5 million in Q3 2023[4] - Non-GAAP net income for Q3 2024 was $707,000, or $0.02 per diluted share, down from $2.1 million, or $0.05 per diluted share in Q3 2023[3] - GAAP net loss for Q3 2024 was $(2,957), compared to $(2,421) in Q3 2023[18] - Non-GAAP net income for Q3 2024 was $707, down from $2,133 in Q3 2023[18] - Non-GAAP income from operations for Q3 2024 was $860, compared to $2,263 in Q3 2023[18] Cash and Liquidity - Cash and cash equivalents were $27.0 million as of September 30, 2024, compared to $18.6 million on December 31, 2023[4] - Cash and cash equivalents increased to $26,965 as of September 30, 2024, from $18,615 at December 31, 2023, reflecting a growth of 45%[15] - The company reported a net cash provided by operating activities of $3,405 for the three months ended September 30, 2024, compared to $2,128 in the same period of 2023, an increase of 60%[17] Backlog and Guidance - The 12-month backlog increased by 1% year-over-year to $122.4 million, while total backlog rose 5% to $183.2 million[6] - The company expects Q4 2024 revenue to be between $48.0 million and $49.0 million, including $2.0 million from professional services[7] - Full year 2024 revenue guidance is raised to a range of $197.7 million to $198.7 million, up from previous guidance of $195.5 million to $198.0 million[9] Operating Expenses - Operating expenses for the three months ended September 30, 2024, were $34,376, slightly up from $34,010 in the same period last year, an increase of 1.08%[16] - Research and development expenses for the three months ended September 30, 2024, were $8,742, compared to $8,730 in the prior year, showing a marginal increase[16] New Initiatives - The Brightcove AI Suite was launched, featuring five new solutions aimed at enhancing customer growth and efficiency[5] Deferred Revenue and Liabilities - Deferred revenue as of September 30, 2024, was $63,213, down from $68,155 at December 31, 2023, a decrease of 7.2%[15] - Total liabilities decreased to $115,096 as of September 30, 2024, from $122,194 at December 31, 2023, a reduction of 5.8%[15] Assets - Total assets decreased to $210,538 as of September 30, 2024, from $216,107 at December 31, 2023, a decline of 2.6%[15]

Table of Contents Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.001 per share BCOV The NASDAQ Global Market ne UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2024 OR ☐ Transition report pursuant to Section 13 or 15( ...

Brightcove Announces Financial Results for Second Quarter Fiscal Year 2024 BOSTON, MA (August 7, 2024) – Brightcove Inc. (Nasdaq: BCOV), the world's most trusted streaming technology company, today announced financial results for the second quarter ended June 30, 2024. "We are pleased to have exceeded expectations and the high-end of our guidance range on both Revenue and Adjusted EBITDA, while generating meaningful cash flow. We are delivering on our commitments to grow EBITDA substantially and generate si ...

Brightcove Inc. (BCOV) , renowned for its reliable streaming technology, recently expanded its customer base with the addition of FrightPix as a new customer. FrightPix is a new free ad-supported video-on-demand service specializing in horror, thriller and true crime content.Launching on Jun 15, 2024, FrightPix will leverage Brightcove's cutting-edge streaming platform to deliver a premium viewing experience across the United States. Eric Tomosunas, the CEO of FrightPix, expressed confidence in Brightcove's ...