Table of Contents Title of each classTrading Symbol(s)Name of each exchange on which registered Common Stock, par value $0.001 per share BCOV The NASDAQ Global Market Emerging growth company ☐ 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 March 31, 2022 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1 ...

[PART I. Company Information](index=5&type=section&id=PART%20I.) This section provides an overview of Brightcove Inc., covering its business, products, operations, and associated risks [Item 1. Business Overview](index=5&type=section&id=Item%201.%20Business) Brightcove Inc. is a global leader in cloud-based video services, offering a suite of products and solutions to help customers publish, distribute, measure, and monetize video [Company Overview](index=5&type=section&id=Overview) Brightcove Inc. is a leading global provider of cloud-based video services, helping customers publish, distribute, measure, and monetize video across devices - Brightcove Inc. is a leading global provider of cloud-based video services, helping customers publish, distribute, measure, and monetize video across devices[9](index=9&type=chunk) - As of December 31, 2021, Brightcove served **3,135 customers** in over 80 countries, including media, broadcasters, publishers, and various corporate and institutional clients[9](index=9&type=chunk) [Core Video Products](index=5&type=section&id=Core%20Video%20Products) Brightcove offers five core video products: Video Cloud, Brightcove Live, Brightcove Beacon, Brightcove Player, and Zencoder - Brightcove offers five core video products: Video Cloud (online video platform), Brightcove Live (live streaming), Brightcove Beacon (OTT video experiences), Brightcove Player (video player technology), and Zencoder (cloud-based video encoding)[10](index=10&type=chunk)[22](index=22&type=chunk)[23](index=23&type=chunk)[24](index=24&type=chunk)[26](index=26&type=chunk)[27](index=27&type=chunk) - Video Cloud is the flagship product, enabling quick and easy distribution of high-quality video to Internet-connected devices, and is a core component of several other solutions[10](index=10&type=chunk)[13](index=13&type=chunk)[22](index=22&type=chunk) [Modular Technologies](index=9&type=section&id=Modular%20Technologies) Modular technologies enhance core products, including Brightcove SSAI, Brightcove Social, Brightcove Campaign, and Brightcove Gallery - Modular technologies enhance core products, including Brightcove SSAI (ad insertion/video stitching), Brightcove Social (social network publishing), Brightcove Campaign (marketing campaigns), and Brightcove Gallery (branded video experiences)[11](index=11&type=chunk)[28](index=28&type=chunk)[29](index=29&type=chunk)[30](index=30&type=chunk)[31](index=31&type=chunk) [Video Solutions](index=10&type=section&id=Video%20Solutions) Brightcove provides video solutions tailored for specific use-cases: Virtual Events Experience, Video Marketing Suite, Enterprise Video Suite, and Brightcove CorpTV™ - Brightcove provides video solutions tailored for specific use-cases: Virtual Events Experience, Video Marketing Suite, Enterprise Video Suite, and Brightcove CorpTV™[11](index=11&type=chunk)[12](index=12&type=chunk)[33](index=33&type=chunk)[34](index=34&type=chunk)[35](index=35&type=chunk)[36](index=36&type=chunk) [Key Benefits of Our Solutions](index=6&type=section&id=Our%20Solutions) Brightcove's solutions offer comprehensive, modular, and scalable options, are easy to use, and benefit from ongoing customer-driven development - Brightcove's solutions offer comprehensive, modular, and scalable options, are easy to use with low total cost of ownership, feature open platforms with an extensive ecosystem, help customers achieve business objectives, and benefit from ongoing customer-driven development[14](index=14&type=chunk)[16](index=16&type=chunk) [Business Strengths](index=7&type=section&id=Our%20Business%20Strengths) Brightcove is recognized as an online video platform market leader with a global presence and a predictable subscription-based revenue model - Brightcove is recognized as an online video platform market leader, delivering **46.91 billion streams in 2021**, holding over **90 patents**, and receiving Emmy® Awards for technology[17](index=17&type=chunk) - The company has a global presence with operations in Europe, Japan, Korea, Asia Pacific, India, and Mexico, and offers **24/7 customer support** worldwide[17](index=17&type=chunk) - Brightcove's subscription-based model provides high visibility and predictability in revenue, with a recurring dollar retention rate of at least **85%** in the last four fiscal quarters of 2021[18](index=18&type=chunk) [Customer Base](index=7&type=section&id=Our%20Customers) As of December 31, 2021, Brightcove served 3,135 customers across over 80 countries, spanning various industries - As of December 31, 2021, Brightcove served **3,135 customers** across over 80 countries, spanning various industries from media to e-commerce and educational institutions[20](index=20&type=chunk) [Product Editions and Pricing](index=10&type=section&id=Editions) Products are offered on a subscription-based SaaS model with varying usage entitlements and support levels, available in Starter, Pro, and Enterprise editions - Products are offered on a subscription-based SaaS model with varying usage entitlements and support levels. Video Cloud, Video Marketing Suite, and Enterprise Video Suite are available in Starter, Pro, and Enterprise editions[37](index=37&type=chunk)[38](index=38&type=chunk) - Premium customers include those using premium Video Cloud editions, Zencoder (committed contracts), SSAI, Player, Beacon, Virtual Events Experience, Video Marketing Suite, Enterprise Video Suite, CorpTV™, and Campaign[38](index=38&type=chunk)[39](index=39&type=chunk)[202](index=202&type=chunk)[205](index=205&type=chunk) [Customer Success and Support](index=11&type=section&id=Customer%20Success%20and%20Support) Brightcove provides global customer success and support teams, offering customized onboarding, ongoing engagement, and 24/7 support for premium packages - Brightcove provides global customer success and support teams, offering customized onboarding, ongoing engagement, and **24/7 support** for premium packages across multiple languages and time zones[40](index=40&type=chunk)[41](index=41&type=chunk) [Training Services](index=11&type=section&id=Training) The company offers free basic online training and customized, onsite training for customers on a per-engagement basis - The company offers free basic online training and customized, onsite training for customers on a per-engagement basis[42](index=42&type=chunk) [Professional Services](index=11&type=section&id=Professional%20Services) Professional services include customization, implementation assistance, and integration with third-party applications, priced on retainer, time and materials, or per-project basis - Professional services include customization, implementation assistance, and integration with third-party applications, priced on retainer, time and materials, or per-project basis[43](index=43&type=chunk) [Sales and Marketing Strategy](index=11&type=section&id=Sales%20and%20Marketing) Brightcove primarily sells through a global direct sales organization, segmented by geography and industry focus, supported by various marketing programs - Brightcove primarily sells through a global direct sales organization, segmented by geography (Americas, Europe, Middle East, Asia Pacific, Japan) and industry focus[44](index=44&type=chunk)[45](index=45&type=chunk) - Marketing programs include public relations, social media, online events, direct email, search engine marketing, field events, trade shows, and cooperative marketing with partners[46](index=46&type=chunk) [Operations and Infrastructure](index=12&type=section&id=Operations) Brightcove relies on third-party cloud computing platforms and CDN providers for service delivery, leveraging geographically dispersed capacity and service continuation agreements - Brightcove relies on third-party cloud computing platforms (e.g., AWS) and CDN providers (e.g., Akamai, Fastly) for service delivery, leveraging geographically dispersed capacity[47](index=47&type=chunk)[50](index=50&type=chunk) - Agreements with key CDN providers (Akamai, Fastly) and cloud services (AWS) include service continuation periods to ensure business continuity upon termination[48](index=48&type=chunk)[50](index=50&type=chunk) [Intellectual Property Protection](index=13&type=section&id=Intellectual%20Property) The company protects its proprietary technology, confidential information, and brands through trademark, patent, copyright, and trade secret laws, holding 52 issued patents in the U.S - The company protects its proprietary technology, confidential information, and brands through trademark, patent, copyright, and trade secret laws, as well as confidentiality agreements[51](index=51&type=chunk) - Brightcove holds **52 issued/allowed patents** in the U.S. and **42 internationally**, with additional applications pending, covering digital media publishing, cloud-based stream delivery, and ad insertion[52](index=52&type=chunk) [Competitive Landscape](index=13&type=section&id=Competition) Brightcove competes in a fragmented, rapidly evolving, and highly competitive market with various video-sharing sites, in-house solutions, and other technology providers - Brightcove competes with video-sharing sites, in-house solutions, online video platforms, and other technology providers in a fragmented, rapidly evolving, and highly competitive market[54](index=54&type=chunk) - Key competitive factors include total cost of ownership, product functionality, innovation, sales/marketing investment, ease of use, scalability, customer service, brand, integration capabilities, and customer base size[54](index=54&type=chunk)[55](index=55&type=chunk) [Research and Development Focus](index=14&type=section&id=Research%20and%20Development) R&D efforts focus on maintaining a leading, reliable, scalable, and open video streaming platform, cultivating an intelligent video cloud with AI/ML, and leveraging insights for tangible solutions - R&D efforts focus on maintaining a leading, reliable, scalable, and open video streaming platform, cultivating an intelligent video cloud with AI/ML, and leveraging insights for tangible solutions[57](index=57&type=chunk) - The company expects R&D expenses to increase in absolute dollars due to continued investment in new technologies, features, product offerings, and service upgrades[57](index=57&type=chunk) [Human Capital Resources](index=14&type=section&id=Human%20Capital%20Resources) As of December 31, 2021, Brightcove had 687 employees globally, fostering a culture based on Execution, Innovation, and One Team, with a focus on talent attraction and retention - As of December 31, 2021, Brightcove had **687 employees globally** (318 in US, 369 outside US), with no US employees represented by a labor union[58](index=58&type=chunk) - The company fosters a culture based on Execution, Innovation, and One Team, focusing on attracting, developing, and retaining talent through benefits, work-from-home flexibility, wellness initiatives, and diversity & inclusion programs[59](index=59&type=chunk)[60](index=60&type=chunk) - During the COVID-19 pandemic, Brightcove prioritized employee safety, adapted to a remote workforce, provided stipends for home offices, and maintained regular communication[61](index=61&type=chunk) [Government Regulations](index=15&type=section&id=Government%20Regulations) As a global company, Brightcove is subject to foreign laws, U.S. trade restrictions, and domestic/foreign internet regulations concerning online service provider liability, content, data privacy, and cybersecurity - As a global company, Brightcove is subject to foreign laws, U.S. trade restrictions (e.g., FCPA), and domestic/foreign internet regulations concerning online service provider liability, content, data privacy (e.g., GDPR, CCPA), and cybersecurity[62](index=62&type=chunk)[63](index=63&type=chunk) [Available Information](index=15&type=section&id=Available%20Information) Brightcove's SEC filings, including Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, are available free of charge on its investor relations website and the SEC's website - Brightcove's SEC filings, including Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, are available free of charge on its investor relations website and the SEC's website[64](index=64&type=chunk) - Brightcove Inc. is a leading global provider of cloud-based services for video, incorporated in Delaware in August 2004, with headquarters in Boston, Massachusetts[9](index=9&type=chunk) - The company offers five core video products: Brightcove Video Cloud™, Brightcove Live™, Brightcove Beacon™, Brightcove Player™, and Zencoder®[10](index=10&type=chunk) Revenue and Customer Data (FY2020-FY2021) | Metric | 2021 | 2020 | | :----------------- | :------------ | :------------ | | Total Revenue | $211.1 million| $197.4 million| | Total Customers | 3,135 | 3,330 | | Premium Customers | 908 | 1,051 | | Volume Customers | 2,227 | 2,279 | [Item 1A. Risk Factors](index=15&type=section&id=Item%201A.%20Risk%20Factors) Brightcove faces various risks that could materially affect its business, financial condition, and operating results, including a history of losses, reliance on Video Cloud, customer retention challenges, and rapid technological changes - Brightcove has a history of losses and may not achieve or sustain profitability, with operating expenses expected to increase due to investments in growth[67](index=67&type=chunk) - The business is substantially dependent on its Video Cloud product, and a decline in its market or increased competition could adversely affect revenue[68](index=68&type=chunk) - Customer retention is critical, as subscriptions are generally annual, and renewal rates can fluctuate due to satisfaction, cost, competition, or customers developing in-house solutions[69](index=69&type=chunk)[71](index=71&type=chunk) - The company operates in a rapidly developing market, making business evaluation and future prospects difficult due to technological change, competition, and market acceptance[77](index=77&type=chunk)[86](index=86&type=chunk) - International expansion exposes Brightcove to risks such as localization costs, foreign laws, regulatory changes, exchange rate fluctuations, and reduced intellectual property protection[79](index=79&type=chunk)[80](index=80&type=chunk) - The COVID-19 pandemic has materially affected business operations, customer spending, and demand for virtual events, creating ongoing uncertainty for future results[91](index=91&type=chunk)[93](index=93&type=chunk)[95](index=95&type=chunk)[96](index=96&type=chunk) - Leadership transitions, such as the planned retirement of the CEO and appointment of a new one, can disrupt business and relationships with customers, vendors, and employees[97](index=97&type=chunk) - The company relies on third-party cloud computing and CDN providers; disruptions or failures in these services could harm business, reputation, and lead to customer losses[123](index=123&type=chunk)[125](index=125&type=chunk)[136](index=136&type=chunk)[137](index=137&type=chunk)[138](index=138&type=chunk) - Brightcove is subject to evolving government and industry regulations, particularly concerning data privacy (e.g., GDPR, CCPA), which could restrict business, increase costs, or lead to litigation and penalties[144](index=144&type=chunk)[146](index=146&type=chunk)[148](index=148&type=chunk)[149](index=149&type=chunk)[156](index=156&type=chunk)[158](index=158&type=chunk) - The company's stock price has been volatile and is likely to remain so, influenced by financial results, market valuations, competition, regulatory developments, and general economic conditions[160](index=160&type=chunk)[161](index=161&type=chunk) [Item 1B. Unresolved Staff Comments](index=36&type=section&id=Item%201B.%20Unresolved%20Staff%20Comments) This section indicates that there are no unresolved staff comments from the SEC - Not applicable[173](index=173&type=chunk) [Item 2. Properties](index=36&type=section&id=Item%202.%20Properties) Brightcove's corporate headquarters are in Boston, Massachusetts, with a new ten-year lease for a new headquarters effective November 2021, and additional global sales, marketing, and R&D offices - Brightcove's corporate headquarters are located at 290 Congress Street in Boston, Massachusetts, with a lease terminating on March 31, 2022[173](index=173&type=chunk) - A new ten-year office lease agreement was signed on November 23, 2021, to relocate the corporate headquarters to 281 Summer Street in Boston, Massachusetts, occupying approximately **40,000 square feet**[174](index=174&type=chunk) - The company also has sales and marketing offices in London, Tokyo, Sydney, Seoul, Mumbai, and Singapore, and R&D offices in Chennai, Guadalajara, Funchal, and Covilha[175](index=175&type=chunk) [Item 3. Legal Proceedings](index=37&type=section&id=Item%203.%20Legal%20Proceedings) Brightcove is occasionally involved in litigation in the ordinary course of business, but management does not anticipate material adverse effects on its financial position or operations - The Company is party to litigation arising in the ordinary course of business, but management does not believe the outcome will have a material adverse effect on its financial position, results of operations, or cash flows[176](index=176&type=chunk) [Item 4. Mine Safety Disclosures](index=37&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to Brightcove Inc., as it is not involved in mining operations - Not applicable[176](index=176&type=chunk) [PART II. Financial Information](index=38&type=section&id=PART%20II.) This section details Brightcove's financial performance, market data, management's discussion and analysis, and audited financial statements [Item 5. Market for Common Equity and Stockholder Matters](index=38&type=section&id=Item%205.%20Market%20for%20Registrant's%20Common%20Equity,%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) Brightcove's common stock has been traded on the NASDAQ Global Market under the symbol 'BCOV' since February 17, 2012, with no cash dividends paid or expected in the foreseeable future - Brightcove's common stock has been traded on the NASDAQ Global Market under the symbol 'BCOV' since its IPO on February 17, 2012[178](index=178&type=chunk) - The company has never paid cash dividends and does not anticipate doing so in the foreseeable future, prioritizing cash retention for business growth and development[166](index=166&type=chunk)[179](index=179&type=chunk) Stock Performance (1/1/2017 - 12/31/2021) | | 1/1/2017 | 12/31/2017 | 12/31/2018 | 12/31/2019 | 12/31/2020 | 12/31/2021 | |:---|:---|:---|:---|:---|:---|:---| | Brightcove Inc. | 100.0 | 88.2 | 87.5 | 108.0 | 228.6 | 127.0 | | NASDAQ Composite Index | 100.0 | 128.2 | 123.3 | 166.7 | 239.4 | 290.6 | | NASDAQ Computer & Data Processing Index | 100.0 | 138.8 | 133.7 | 200.9 | 301.4 | 415.5 | - No repurchases of common stock were made during the year ended December 31, 2021[185](index=185&type=chunk) [Item 6. Selected Consolidated Financial Data](index=39&type=section&id=Item%206.%20Selected%20Consolidated%20Financial%20Data) This section is marked as 'Not applicable,' indicating that selected consolidated financial data is not presented separately here but is available within the full financial statements - Not applicable[186](index=186&type=chunk) [Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=39&type=section&id=Item%207.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) This section provides management's perspective on Brightcove's financial condition and operational results, highlighting revenue growth, key performance metrics, and the impact of the COVID-19 pandemic [Overview](index=39&type=section&id=Overview) Brightcove's revenue grew from $197.4 million in 2020 to $211.1 million in 2021, achieving a net income of $5.4 million in 2021, a significant improvement from a net loss in 2020 - Brightcove's revenue grew from **$197.4 million** in 2020 to **$211.1 million** in 2021, primarily from subscription-based SaaS[193](index=193&type=chunk) - The company achieved a consolidated net income of **$5.4 million** in 2021, a significant improvement from a **$5.8 million net loss** in 2020[193](index=193&type=chunk) - Revenue from outside North America accounted for **44% of total net revenue** in 2021, expected to increase with continued international expansion[194](index=194&type=chunk) [Key Performance Metrics](index=41&type=section&id=Key%20Metrics) This section presents key performance metrics for Brightcove, including customer counts, retention rates, average annual subscription revenue, and total backlog Key Metrics (FY2020-FY2021) | Metric | 2021 | 2020 | | :------------------------------------------------------------------ | :------ | :------ | | Premium Customers (at period end) | 2,227 | 2,279 | | Volume Customers (at period end) | 908 | 1,051 | | Total Customers (at period end) | 3,135 | 3,330 | | Net Revenue Retention Rate | 97% | 95% | | Recurring Dollar Retention Rate | 90% | 89% | | Average Annual Subscription Revenue per Premium Customer (excl. Starter) | $94.1K | $89.5K | | Average Annual Subscription Revenue per Premium Customer (Starter only) | $5.1K | $4.7K | | Total Backlog (excl. professional services) | $156.2M | $148.0M | | Total Backlog (next 12 months, excl. professional services) | $121.2M | $114.7M | - Premium customers decreased due to some switching to in-house or other third-party solutions, and some Ooyala acquisition customers not transitioning[196](index=196&type=chunk) - Volume customers decreased primarily due to the discontinuation of the promotional Video Cloud Express offering[196](index=196&type=chunk) [COVID-19 Impact and Response](index=42&type=section&id=COVID-19%20Update) Brightcove plans to continue investments for business growth despite COVID-19 uncertainties, focusing on expanding its customer base, product adoption, and new product development - Brightcove plans to continue investments for business growth despite COVID-19 uncertainties, focusing on expanding customer base, product adoption, new product development, and customer service[198](index=198&type=chunk) - The company expects to fund operations using cash flow and its credit facility[198](index=198&type=chunk) [Components of Consolidated Statements of Operations](index=42&type=section&id=Components%20of%20Consolidated%20Statements%20of%20Operations) Revenue is primarily from subscription and support services, with costs including salaries, data center expenses, and operating expenses categorized into R&D, Sales & Marketing, and G&A - Revenue is primarily generated from subscription and support services for products like Video Cloud, Virtual Events Experience, Brightcove Live, Brightcove Player, Zencoder, Brightcove Beacon, Video Marketing Suite, and Enterprise Video Suite[199](index=199&type=chunk)[200](index=200&type=chunk)[201](index=201&type=chunk)[202](index=202&type=chunk)[203](index=203&type=chunk)[205](index=205&type=chunk) - Professional services and other revenue comes from implementation, software customizations, and project management for premium customers[205](index=205&type=chunk) - Cost of revenue includes salaries, benefits, data center and CDN expenses, allocated overhead, depreciation, and amortization of capitalized software and acquired intangibles[206](index=206&type=chunk) - Operating expenses are categorized into Research and Development, Sales and Marketing, General and Administrative, and Merger-related costs[208](index=208&type=chunk)[209](index=209&type=chunk)[211](index=211&type=chunk) [Foreign Currency Translation](index=45&type=section&id=Foreign%20Currency%20Translation) Brightcove's revenue, expenses, and cash flows are subject to fluctuations from foreign currency exchange rates, particularly the euro, British pound, Australian dollar, and Japanese yen - Brightcove's revenue, expenses, and cash flows are subject to fluctuations from foreign currency exchange rates, particularly the euro, British pound, Australian dollar, and Japanese yen[215](index=215&type=chunk) - A declining U.S. dollar increases the value of foreign currency-based revenue and expenses when translated into U.S. dollars[215](index=215&type=chunk) [Critical Accounting Policies and Estimates](index=46&type=section&id=Critical%20Accounting%20Policies%20and%20Estimates) Key accounting policies requiring significant judgment include revenue recognition, income taxes, and business combinations, particularly regarding variable consideration and fair value assessments - Key accounting policies requiring significant judgment include revenue recognition (especially variable consideration for usage-based fees), income taxes (deferred tax assets and valuation allowances), and business combinations (fair value of acquired assets and liabilities)[217](index=217&type=chunk)[218](index=218&type=chunk)[219](index=219&type=chunk)[220](index=220&type=chunk)[223](index=223&type=chunk)[224](index=224&type=chunk)[225](index=225&type=chunk) [Results of Operations (FY2021 vs. FY2020)](index=48&type=section&id=Results%20of%20Operations) Total revenue increased by 7% to $211.1 million in 2021, leading to a significant improvement in income from operations and net income compared to 2020 Consolidated Statements of Operations (in thousands) | Metric | 2021 | 2020 | 2019 | | :----------------------------------- | :--------- | :--------- | :--------- | | Total Revenue | $211,093 | $197,353 | $184,455 | | Total Cost of Revenue | $73,028 | $76,097 | $75,469 | | Gross Profit | $138,065 | $121,256 | $108,986 | | Total Operating Expenses | $130,491 | $126,579 | $130,049 | | Income (loss) from operations | $7,574 | $(5,323) | $(21,063) | | Net income (loss) | $5,397 | $(5,813) | $(21,903) | | Basic Net income (loss) per share | $0.13 | $(0.15) | $(0.58) | | Diluted Net income (loss) per share | $0.13 | $(0.15) | $(0.58) | - Total revenue increased by **7% ($13.7 million)** in 2021 compared to 2020, driven by a **6% increase** in subscription and support revenue and a **21% increase** in professional services and other revenue[230](index=230&type=chunk) - Gross profit increased by **14% ($16.8 million)** in 2021, primarily due to decreased cost of subscription and support revenue and the transition of acquired Ooyala customers to Brightcove's technology[232](index=232&type=chunk) - Income from operations was **$7.6 million** in 2021, a significant improvement from a **$5.3 million loss** in 2020[232](index=232&type=chunk) Revenue by Product Line (in thousands) | Product Line | 2021 Amount | 2021 % of Revenue | 2020 Amount | 2020 % of Revenue | Change Amount | Change % | |:-------------|:------------|:------------------|:------------|:------------------|:--------------|:---------| | Premium | $208,183 | 99% | $193,695 | 98% | $14,488 | 7% | | Volume | 2,910 | 1% | 3,658 | 2% | (748) | (20)% | | Total | $211,093 | 100% | $197,353 | 100% | $13,740 | 7% | Revenue by Type (in thousands) | Revenue Type | 2021 Amount | 2021 % of Revenue | 2020 Amount | 2020 % of Revenue | Change Amount | Change % | |:------------------------|:------------|:------------------|:------------|:------------------|:--------------|:---------| | Subscription and support| $198,929 | 94% | $187,341 | 95% | $11,588 | 6% | | Professional services and other | 12,164 | 6% | 10,012 | 5% | 2,152 | 21% | | Total | $211,093 | 100% | $197,353 | 100% | $13,740 | 7% | Revenue by Geography (in thousands) | Geographic Region | 2021 Amount | 2021 % of Revenue | 2020 Amount | 2020 % of Revenue | Change Amount | Change % | |:------------------|:------------|:------------------|:------------|:------------------|:--------------|:---------| | North America | $119,079 | 56% | $107,686 | 55% | $11,393 | 11% | | Europe | 37,947 | 18% | 34,001 | 17% | 3,946 | 12% | | Japan | 25,272 | 13% | 25,745 | 13% | (473) | (2)% | | Asia Pacific | 28,261 | 13% | 28,984 | 15% | (723) | (2)% | | Other | 534 | —% | 937 | —% | (403) | (43)% | | International subtotal | 92,014 | 44% | 89,667 | 45% | 2,347 | 3% | | Total | $211,093 | 100% | $197,353 | 100% | $13,740 | 7% | Cost of Revenue (in thousands) | Cost of Revenue Type | 2021 Amount | 2021 % of Related Revenue | 2020 Amount | 2020 % of Related Revenue | Change Amount | Change % | |:------------------------|:------------|:--------------------------|:------------|:--------------------------|:--------------|:---------| | Subscription and support| $62,773 | 32% | $67,124 | 36% | $(4,351) | (6)% | | Professional services and other | 10,255 | 84% | 8,973 | 90% | 1,282 | 14% | | Total | $73,028 | 35% | $76,097 | 39% | $(3,069) | (4)% | Gross Profit (in thousands) | Gross Profit Type | 2021 Amount | 2021 % of Related Revenue | 2020 Amount | 2020 % of Related Revenue | Change Amount | Change % | |:------------------------|:------------|:--------------------------|:------------|:--------------------------|:--------------|:---------| | Subscription and support| $136,156 | 68% | $120,217 | 64% | $15,939 | 13% | | Professional services and other | 1,909 | 16% | 1,039 | 10% | 870 | 84% | | Total | $138,065 | 65% | $121,256 | 61% | $16,809 | 14% | Operating Expenses (in thousands) | Operating Expenses | 2021 Amount | 2021 % of Revenue | 2020 Amount | 2020 % of Revenue | Change Amount | Change % | |:-----------------------------|:------------|:------------------|:------------|:------------------|:--------------|:---------| | Research and development | $31,718 | 15% | $33,978 | 17% | $(2,260) | (7)% | | Sales and marketing | 71,177 | 34% | 59,812 | 30% | 11,365 | 19% | | General and administrative | 29,261 | 14% | 27,021 | 14% | 2,240 | 8% | | Merger-related | 300 | —% | 5,768 | 3% | (5,468) | (95)% | | Other (benefit) expense | (1,965) | (1)% | — | —% | (1,965) | —% | | Total | $130,491 | 62% | $126,579 | 64% | $3,912 | 3% | - Merger-related expense decreased significantly by **95%** in 2021 due to non-recurring costs from 2020[245](index=245&type=chunk) - A **$2.0 million benefit** from the CARES Act related to employee retention credits was recognized in Q1 2021, recorded as Other (benefit) expense[245](index=245&type=chunk) [Liquidity and Capital Resources](index=52&type=section&id=Liquidity%20and%20Capital%20Resources) Cash and cash equivalents increased to $45.7 million at December 31, 2021, with operating activities providing $19.6 million in cash, and the company maintaining a $30.0 million undrawn credit facility - Cash and cash equivalents were **$45.7 million** at December 31, 2021, up from **$37.5 million** in 2020[247](index=247&type=chunk)[289](index=289&type=chunk) Condensed Consolidated Statements of Cash Flow Data (in thousands) | Cash Flow Activity | 2021 | 2020 | 2019 | |:------------------------------------|:-----------|:-----------|:-----------| | Cash flows provided by operating activities | $19,563 | $21,312 | $2,708 | | Cash flows used in investing activities | $(10,842) | $(8,724) | $(12,618) | | Cash flows provided by financing activities | $702 | $1,585 | $3,177 | - Operating activities provided **$19.6 million** in cash in 2021, primarily from net income and non-cash charges, partially offset by changes in operating assets and liabilities[250](index=250&type=chunk)[251](index=251&type=chunk) - Investing activities used **$10.8 million** in cash in 2021, mainly for capitalized internal-use software costs (**$6.6 million**), capital expenditures (**$2.2 million**), and a technology asset acquisition (**$2.0 million**)[252](index=252&type=chunk) - Brightcove has a **$30.0 million asset-based line of credit**, undrawn as of December 31, 2021, and believes existing cash and credit facility will meet needs for at least the next 12 months[254](index=254&type=chunk)[255](index=255&type=chunk)[262](index=262&type=chunk) - As of December 31, 2021, the company had federal net operating losses of **$199.4 million** and state net operating losses of **$92.3 million**, with a valuation allowance against U.S. deferred tax assets[256](index=256&type=chunk)[257](index=257&type=chunk) [Contractual Obligations and Commitments](index=54&type=section&id=Contractual%20Obligations%20and%20Commitments) This section outlines Brightcove's contractual obligations and commitments, including operating lease obligations and outstanding purchase obligations as of December 31, 2021 Contractual Obligations at December 31, 2021 (in thousands) | Obligation Type | Total | Less than 1 Year | More than 1 Year | |:-----------------------------|:----------|:-----------------|:-----------------| | Operating lease obligations | $25,401 | $2,425 | $22,976 | | Outstanding purchase obligations | 16,006 | 15,775 | 231 | | Total | $41,407 | $18,200 | $23,207 | [Anticipated Cash Flows](index=54&type=section&id=Anticipated%20Cash%20Flows) Brightcove expects significant operating costs for service delivery, sales, marketing, and R&D, which will be a material use of cash resources, with future cash flows dependent on sales levels and cost management - Brightcove expects significant operating costs for service delivery, sales, marketing, and R&D, which will be a material use of cash resources[261](index=261&type=chunk) - Future cash flows depend on sales levels, deferred revenue changes, and infrastructure cost management[261](index=261&type=chunk) [Other Developments (CEO Appointment)](index=54&type=section&id=Other) Marc DeBevoise was appointed Chief Executive Officer and a Class II director, effective March 28, 2022, bringing extensive experience from ViacomCBS Digital and CBS Interactive - Marc DeBevoise was appointed Chief Executive Officer and a Class II director, effective March 28, 2022, replacing Jeff Ray who will serve as an advisor until December 31, 2022[263](index=263&type=chunk) - Mr. DeBevoise brings extensive experience as Vice Chairman and President of Argus Capital Corporation, CEO and President of ViacomCBS Digital, and President and COO of CBS Interactive[263](index=263&type=chunk) [Recent Accounting Pronouncements](index=55&type=section&id=Recent%20Accounting%20Pronouncements) Brightcove adopted ASU No. 2016-13, ASU No. 2018-15, and ASU No. 2019-12 effective January 1, 2020, with no material impact on consolidated financial statements - Brightcove adopted ASU No. 2016-13 (expected credit losses), ASU No. 2018-15 (cloud computing implementation costs), and ASU No. 2019-12 (simplifying income taxes) effective January 1, 2020[367](index=367&type=chunk)[368](index=368&type=chunk)[370](index=370&type=chunk) - The adoption of these new standards did not have a material impact on the consolidated financial statements[369](index=369&type=chunk)[370](index=370&type=chunk) - Brightcove is a leading global provider of cloud-based video services, helping customers publish, distribute, measure, and monetize video[187](index=187&type=chunk)[188](index=188&type=chunk) - The company's strategy involves investing in product development, sales, and go-to-market activities to support long-term revenue growth, aiming to retain customers, increase average annual subscription revenue per premium customer, and acquire new customers[192](index=192&type=chunk) Key Financial Highlights (FY2020-FY2021) | Metric | 2021 | 2020 | | :----------------- | :------------ | :------------ | | Total Revenue | $211.1 million| $197.4 million| | Consolidated Net Income (Loss) | $5.4 million | $(5.8) million| [Item 7A. Quantitative and Qualitative Disclosures about Market Risk](index=55&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) Brightcove is exposed to market risks primarily related to foreign currency exchange rates, particularly the euro, British pound, and Japanese yen, which can impact revenues and expenses - Brightcove's financial instruments, including cash equivalents, accounts receivable, and accounts payable, approximate their carrying amount in fair value[268](index=268&type=chunk) - The company is exposed to foreign currency exchange risk, particularly with the euro, British pound, and Japanese yen, affecting revenues and expenses[269](index=269&type=chunk)[272](index=272&type=chunk) Foreign Currency Exposure (FY2021) | Currency | Revenues | Expenses | |:----------------|:---------|:---------| | Euro | 8% | 1% | | British pound | 6% | 5% | | Japanese Yen | 12% | 3% | | Other | 3% | 8% | | Total | 29% | 17% | - A **10% unfavorable movement** in foreign currency exchange rates in 2021 would have decreased revenues by **$6.0 million**, decreased expenses by **$3.5 million**, and increased operating losses by **$2.6 million**[273](index=273&type=chunk) - Interest rate risk is low as cash and cash equivalents are primarily in money market funds; however, borrowing under the line of credit would expose the company to variable interest rates[274](index=274&type=chunk) [Item 8. Financial Statements and Supplementary Data](index=57&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) This section presents Brightcove's audited consolidated financial statements, including balance sheets, statements of operations, comprehensive income (loss), stockholders' equity, and cash flows, along with detailed notes [Report of Independent Registered Public Accounting Firm](index=58&type=section&id=Report%20of%20Independent%20Registered%20Public%20Accounting%20Firm) Ernst & Young LLP provided an unqualified opinion on Brightcove's consolidated financial statements and the effectiveness of its internal control over financial reporting as of December 31, 2021 - Ernst & Young LLP provided an unqualified opinion on Brightcove's consolidated financial statements and the effectiveness of its internal control over financial reporting as of December 31, 2021[278](index=278&type=chunk)[279](index=279&type=chunk) - A critical audit matter identified was the measurement of variable consideration in revenue recognition, due to the challenging and subjective nature of estimating future customer usage[283](index=283&type=chunk)[284](index=284&type=chunk) [Consolidated Balance Sheets](index=60&type=section&id=Consolidated%20Balance%20Sheets) This section presents Brightcove's consolidated balance sheets, detailing assets, liabilities, and stockholders' equity as of December 31, 2021 and 2020 Consolidated Balance Sheets (in thousands) | Asset/Liability/Equity | Dec 31, 2021 | Dec 31, 2020 | |:-----------------------------------|:-------------|:-------------| | **Assets:** | | | | Cash and cash equivalents | $45,739 | $37,472 | | Accounts receivable, net | 29,866 | 29,305 | | Total current assets | 94,230 | 85,515 | | Property and equipment, net | 20,514 | 15,968 | | Operating lease right-of-use asset | 24,891 | 8,699 | | Intangible assets, net | 9,276 | 10,465 | | Goodwill | 60,902 | 60,902 | | Total assets | $216,468 | $186,803 | | **Liabilities:** | | | | Accounts payable | $11,039 | $10,456 | | Accrued expenses | 20,925 | 25,397 | | Deferred revenue | 62,057 | 58,741 | | Total current liabilities | 96,621 | 98,940 | | Total liabilities | 120,208 | 107,201 | | **Stockholders' Equity:** | | | | Total stockholders' equity | 96,260 | 79,602 | | Total liabilities and stockholders' equity | $216,468 | $186,803 | [Consolidated Statements of Operations](index=61&type=section&id=Consolidated%20Statements%20of%20Operations) This section presents Brightcove's consolidated statements of operations, detailing total revenue, gross profit, operating income (loss), and net income (loss) for the years ended December 31, 2021, 2020, and 2019 Consolidated Statements of Operations (in thousands) | Metric | 2021 | 2020 | 2019 | | :----------------------------------- | :--------- | :--------- | :--------- | | Total Revenue | $211,093 | $197,353 | $184,455 | | Gross Profit | $138,065 | $121,256 | $108,986 | | Income (loss) from operations | $7,574 | $(5,323) | $(21,063) | | Net income (loss) | $5,397 | $(5,813) | $(21,903) | | Basic Net income (loss) per share | $0.13 | $(0.15) | $(0.58) | | Diluted Net income (loss) per share | $0.13 | $(0.15) | $(0.58) | [Consolidated Statements of Comprehensive Income (Loss)](index=62&type=section&id=Consolidated%20Statements%20of%20Comprehensive%20Income%20(Loss)) This section presents Brightcove's consolidated statements of comprehensive income (loss), including net income (loss) and foreign currency translation adjustments for the years ended December 31, 2021, 2020, and 2019 Consolidated Statements of Comprehensive Income (Loss) (in thousands) | Metric | 2021 | 2020 | 2019 | |:-------------------------------------|:-----------|:-----------|:-----------| | Net Income (loss) | $5,397 | $(5,813) | $(21,903) | | Foreign currency translation adjustments | (474) | 597 | 167 | | Comprehensive Income (loss) | $4,923 | $(5,216) | $(21,736) | [Consolidated Statements of Stockholders' Equity](index=63&type=section&id=Consolidated%20Statements%20of%20Stockholders'%20Equity) This section presents Brightcove's consolidated statements of stockholders' equity, detailing changes in common stock, additional paid-in capital, accumulated deficit, and comprehensive loss for the years ended December 31, 2021, 2020, and 2019 Consolidated Statements of Stockholders' Equity (in thousands, except share data) | Metric | 2021 | 2020 | 2019 | |:--------------------------------------------------------------------|:-------------|:-------------|:-------------| | Shares of common stock issued (end of period) | 41,384,643 | 40,152,021 | 39,042,787 | | Par value of common stock issued (end of period) | $41 | $40 | $39 | | Additional paid-in capital (end of period) | $298,793 | $287,059 | $276,365 | | Accumulated deficit (end of period) | $(201,041) | $(206,438) | $(200,625) | | Accumulated other comprehensive loss (end of period) | $(662) | $(188) | $(785) | | Total stockholders' equity (end of period) | $96,260 | $79,602 | $74,123 | [Consolidated Statements of Cash Flows](index=64&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) This section presents Brightcove's consolidated statements of cash flows, detailing net cash provided by operating, investing, and financing activities for the years ended December 31, 2021, 2020, and 2019 Consolidated Statements of Cash Flows (in thousands) | Cash Flow Activity | 2021 | 2020 | 2019 | |:------------------------------------|:-----------|:-----------|:-----------| | Net cash provided by operating activities | $19,563 | $21,312 | $2,708 | | Net cash used in investing activities | $(10,842) | $(8,724) | $(12,618) | | Net cash provided by financing activities | $702 | $1,585 | $3,177 | | Net increase in cash and cash equivalents | $8,267 | $14,713 | $(6,547) | | Cash and cash equivalents at end of period | $45,739 | $37,472 | $22,759 | [Notes to Consolidated Financial Statements](index=65&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) This section provides detailed notes to Brightcove's consolidated financial statements, covering significant accounting policies, revenue recognition, intangible assets, leases, commitments, and stock-based compensation - Brightcove's significant accounting policies include revenue recognition (ASC 606), income taxes (asset and liability method), and business combinations (purchase method)[303](index=303&type=chunk)[319](index=319&type=chunk)[358](index=358&type=chunk)[348](index=348&type=chunk) - The company capitalizes incremental costs to obtain a contract (e.g., sales commissions) and amortizes them over the contract's performance period[326](index=326&type=chunk) - As of December 31, 2021, total aggregate transaction price allocated to unsatisfied performance obligations for subscription and support contracts was **$156.2 million**, with **$121.2 million** expected within 12 months[380](index=380&type=chunk) Intangible Assets, Net (in thousands) | Description | Dec 31, 2021 | Dec 31, 2020 | |:-----------------------|:-------------|:-------------| | Developed technology | $2,402 | $1,939 | | Customer relationships | 6,874 | 8,526 | | Non-compete agreements | — | — | | Tradename | — | — | | Total | $9,276 | $10,465 | - Goodwill remained at **$60.9 million** at December 31, 2021 and 2020, with no impairment identified[385](index=385&type=chunk) - Brightcove recorded a new operating lease liability and corresponding right-of-use asset of **$20.3 million** in 2021, primarily for its new corporate headquarters[390](index=390&type=chunk) - The company had **$30.6 million** of total unrecognized stock-based compensation expense as of December 31, 2021, to be recognized over a weighted-average period of **2.46 years**[403](index=403&type=chunk) - On February 1, 2022, Brightcove acquired Wicket Labs, Inc. for **$2.0 million** in common stock and **$13.2 million** in cash, enhancing subscriber and content insights[436](index=436&type=chunk) - The consolidated financial statements for Brightcove Inc. as of December 31, 2021 and 2020, and for the three years ended December 31, 2021, have been audited by Ernst & Young LLP, who expressed an unqualified opinion[278](index=278&type=chunk) [Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure](index=89&type=section&id=Item%209.%20Changes%20in%20and%20Disagreements%20with%20Accountants%20on%20Accounting%20and%20Financial%20Disclosure) This section states that there have been no changes in or disagreements with accountants on accounting and financial disclosure matters - None[437](index=437&type=chunk) [Item 9A. Controls and Procedures](index=89&type=section&id=Item%209A.%20Controls%20and%20Procedures) Brightcove's management concluded that its disclosure controls and procedures were effective as of December 31, 2021, and its internal control over financial reporting was also effective, a conclusion concurred by Ernst & Young LLP - Management, with CEO and CFO participation, concluded that disclosure controls and procedures were effective as of December 31, 2021[438](index=438&type=chunk) - Management assessed and concluded that internal control over financial reporting was effective as of December 31, 2021, based on the COSO 2013 framework[440](index=440&type=chunk) - Ernst & Young LLP audited and expressed an unqualified opinion on the effectiveness of Brightcove's internal control over financial reporting as of December 31, 2021[441](index=441&type=chunk)[444](index=444&type=chunk)[445](index=445&type=chunk) - There were no material changes in internal control over financial reporting during the most recent fiscal quarter[442](index=442&type=chunk) [Item 9B. Other Information](index=92&type=section&id=Item%209B.%20Other%20Information) This section indicates that there is no other information required to be disclosed that has not been previously reported - None[451](index=451&type=chunk) [Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections](index=92&type=section&id=Item%209C.%20Disclosure%20Regarding%20Foreign%20Jurisdictions%20that%20Prevent%20Inspections) This section states that there are no disclosures regarding foreign jurisdictions that prevent inspections, indicating it is not applicable to Brightcove - Not applicable[451](index=451&type=chunk) [PART III. Directors, Officers, and Governance](index=61&type=section&id=PART%20III) This section provides information on Brightcove's leadership, executive compensation, and corporate governance practices [Item 10. Directors, Executive Officers and Corporate Governance](index=61&type=section&id=Item%2010.%20Directors,%20Executive%20Officers%20and%20Corporate%20Governance) Information regarding Brightcove's directors, executive officers, and corporate governance is incorporated by reference from the company's definitive Proxy Statement for its 2022 Annual Meeting of Stockholders - Information is incorporated by reference from the 2022 Annual Meeting of Stockholders Proxy Statement[452](index=452&type=chunk) [Item 11. Executive Compensation](index=61&type=section&id=Item%2011.%20Executive%20Compensation) Details on executive compensation are incorporated by reference from Brightcove's definitive Proxy Statement for its 2022 Annual Meeting of Stockholders - Information is incorporated by reference from the 2022 Annual Meeting of Stockholders Proxy Statement[453](index=453&type=chunk) [Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](index=61&type=section&id=Item%2012.%20Security%20Ownership%20of%20Certain%20Beneficial%20Owners%20and%20Management%20and%20Related%20Stockholder%20Matters) Information regarding security ownership of certain beneficial owners and management, along with related stockholder matters, is incorporated by reference from Brightcove's definitive Proxy Statement - Information is incorporated by reference from the 2022 Annual Meeting of Stockholders Proxy Statement[453](index=453&type=chunk) [Item 13. Certain Relationships and Related Transactions, and Director Independence](index=61&type=section&id=Item%2013.%20Certain%20Relationships%20and%20Related%20Transactions,%20and%20Director%20Independence) Information concerning certain relationships, related transactions, and director independence is incorporated by reference from Brightcove's definitive Proxy Statement for its 2022 Annual Meeting of Stockholders - Information is incorporated by reference from the 2022 Annual Meeting of Stockholders Proxy Statement[454](index=454&type=chunk) [Item 14. Principal Accountant Fees and Services](index=61&type=section&id=Item%2014.%20Principal%20Accountant%20Fees%20and%20Services) Details regarding principal accountant fees and services are incorporated by reference from Brightcove's definitive Proxy Statement for its 2022 Annual Meeting of Stockholders - Information is incorporated by reference from the 2022 Annual Meeting of Stockholders Proxy Statement[455](index=455&type=chunk) [PART IV. Exhibits and Financial Statement Schedules](index=61&type=section&id=PART%20IV) This section lists all exhibits and financial statement schedules included in the Annual Report on Form 10-K [Item 15. Exhibits and Financial Statement Schedules](index=61&type=section&id=Item%2015.%20Exhibits%20and%20Financial%20Statement%20Schedules) This section lists all exhibits and financial statement schedules filed as part of the Annual Report on Form 10-K, including various agreements, corporate documents, and certifications - The section details a comprehensive list of exhibits, including merger agreements, certificates of incorporation, bylaws, stock incentive plans, employment agreements, and certifications[457](index=457&type=chunk)[458](index=458&type=chunk)[459](index=459&type=chunk)[460](index=460&type=chunk)[461](index=461&type=chunk)[462](index=462&type=chunk)[463](index=463&type=chunk) - Many exhibits are incorporated by reference from previous SEC filings, indicating continuity in reporting and legal documentation[463](index=463&type=chunk)[465](index=465&type=chunk)[466](index=466&type=chunk)[467](index=467&type=chunk)[468](index=468&type=chunk) [Item 16. Form 10-K Summary](index=98&type=section&id=Item%2016.%20Form%2010-K%20Summary) This section indicates that a Form 10-K Summary is not applicable for this report - Not applicable[470](index=470&type=chunk)

Brightcove Inc. (NASDAQ:BCOV) Q4 2021 Earnings Conference Call February 16, 2022 5:00 PM ET Company Participants Brian Denyeau - Investor Relations Jeff Ray - Chief Executive Officer Rob Noreck - EVP & Chief Financial Officer Conference Call Participants Steve Frankel - Colliers Eric Martinuzzi - Lake Street Capital Markets Disclaimer*: This transcript is designed to be used alongside the freely available audio recording on this page. Timestamps within the transcript are designed to help you navigate the au ...

Brightcove Inc. (NASDAQ:BCOV) Q3 2021 Earnings Conference Call October 27, 2021 5:00 PM ET Company Participants Brian Denyeau – Investor Relations Jeff Ray – Chief Executive Officer Rob Noreck – Chief Financial Officer Conference Call Participants Steve Frankel – Colliers Eric Martinuzzi – Lake Street Capital Markets Operator Greetings. Welcome to Brightcove Third Quarter 2021 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the format presen ...

Table of Contents 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, 2021 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to | --- | --- | --- | |---------------------------------------------------------------------------------------|------------------------ ...

Brightcove Inc. (NASDAQ:BCOV) Q2 2021 Earnings Conference Call July 28, 2021 5:00 PM ET Company Participants Brian Denyeau - ICR, Investor Relations Jeff Ray - Chief Executive Officer Rob Noreck - Chief Financial Officer Conference Call Participants Eric Martinuzzi - Lake Street Steven Frankel - Colliers Mike Latimore - Northland Capital Markets Operator Greetings. Welcome to the Brightcove Second Quarter 2021 Earnings Call. At this time, all participants are in a listen only mode. A question-and-answer ses ...

Table of Contents 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, 2021 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to | --- | --- | --- | |---------------------------------------------------------------------------------------|----------------------------- ...

Brightcove Inc. (NASDAQ:BCOV) Q1 2021 Results Conference Call April 28, 2021 5:00 PM ET Company Participants Brian Denyeau - Investor Relations Jeff Ray - Chief Executive Officer Robert Noreck - Chief Financial Officer Conference Call Participants Mike Latimore - Northland Capital Markets Steven Frankel - Colliers Eric Martinuzzi - Lake Street Capital Operator Greetings. Welcome to the Brightcove First Quarter 2021 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answe ...

Table of Contents 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 March 31, 2021 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to | --- | --- | --- | |--------------------------------------------------------|----------------------------------------------------------- ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 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 (State or other j ...