BCOV - Brightcove GAAP EPS of -$0.01 beats by $0.02 revenue of $54.4M beats by $2.4M
- Brightcove press release ( NASDAQ: BCOV ): Q2 GAAP EPS of -$0.01 beats by $0.02 .
- Revenue of $54.4M (+5.6% Y/Y) beats by $2.4M .
- Revenue is expected to be in the range of $52.0 million to $53.0 million, including approximately $1.7 million of professional services revenue for third quarter.
- Non-GAAP income from operations is expected to be in the range of $1.2 million to $2.2 million, which excludes stock-based compensation of approximately $3.5 million and the amortization of acquired intangible assets of approximately $0.7 million for third quarter.
- Adjusted EBITDA is expected to be in the range of $3.3 million to $4.3 million, which excludes stock-based compensation of approximately $3.5 million, the amortization of acquired intangible assets of approximately $0.7 million, depreciation expense of approximately $2.1 million, and other income/expense and the provision for income taxes of approximately $0.3 million for third quarter.
- Non-GAAP net income per diluted share is expected to be $0.02 to $0.04, which excludes stock-based compensation of approximately $3.5 million, the amortization of acquired intangible assets of approximately $0.7 million, and assumes approximately 42.3 million weighted-average shares outstanding for third quarter.
- Revenue is expected to be in the range of $211.0 million to $215.0 million, including approximately $6.6 million of professional services revenue for the full year.
- Non-GAAP income from operations is expected to be in the range of $11.0 million to $14.0 million, which excludes stock-based compensation of approximately $13.9 million, the amortization of acquired intangible assets of approximately $3.0 million, merger-related expense of approximately $0.7 million, and other expenses of $1.1 million.
- Adjusted EBITDA is expected to be in the range of $18.0 million to $21.0 million, which excludes stock-based compensation of approximately $13.9 million, merger-related expense of approximately $0.7 million, other expenses of $1.1 million, the amortization of acquired intangible assets of approximately $3.0 million, depreciation expense of approximately $7.0 million, and other income/expense and the provision for income taxes of approximately $1.3 million.
- Non-GAAP earnings per diluted share is expected to be $0.23 to $0.30, which excludes stock-based compensation of approximately $13.9 million, the amortization of acquired intangible assets of approximately $3.0 million, merger-related expense of approximately $0.7 million, other expenses of $1.1 million and assumes approximately 42.2 million weighted-average shares outstanding.
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Brightcove GAAP EPS of -$0.01 beats by $0.02, revenue of $54.4M beats by $2.4M