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Brightcove

Entertainment & PublishingTechnologycloud platformscontent managementtelevisionvideo
Brightcove is the provider of cloud content services that offers a family of products used to publish and distribute the world’s professional digital media. The Company’s products include Video Cloud, an online video platform, App Cloud, a content app platform, and Zencoder, a cloud-based media processing service and HTML5 video player technology, provider. Brightcove cloud content services allow to build and operate media experiences across PCs, smartphones, tablets, and connected TVs.
Revenue(Q1, 2017)
$37.6 M
Market capitalization(2017-08-22)
$232.9 M
Patent Applications (FY, 2016)
32
Company Growth (employees)
Type
Public
HQ
Boston, US
Founded
2004
Size (employees)
513 (est)
Website
brightcove.com
Brightcove was founded in 2004 and is headquartered in Boston, US

Key People at Brightcove

Andrew Feinberg

Andrew Feinberg

Chief Executive Officer
Kevin Rhodes

Kevin Rhodes

EVP & CFO
Mark Blair

Mark Blair

Vice President
Caren Cioffi

Caren Cioffi

SVP and GM, Digital Marketing

Brightcove Office Locations

Brightcove has offices in Boston, New York, Minato-ku, San Francisco and in 6 other locations
Boston, US (HQ)
290 Congress St
Seoul, KR
10F Kyobo Securities Building 97 Uisadang-daero, Yeongdeungpo-gu
Sydney, AU
Level 17, 1 Margaret Street
Singapore, SG
38 Beach Road #04-14 South Beach Tower
London, GB
41-44 Great Queen Street
Scottsdale, US
1355 N. Scottsdale Road Suite 150 SkySong 4
Show all (10)

Brightcove Data and Metrics

Brightcove Financial Metrics

Brightcove's revenue was reported to be $37.6 m in Q1, 2017
USD

Revenue (Q1, 2017)

37.6 m

Gross profit (Q1, 2017)

22.4 m

Gross profit margin (Q1, 2017), %

59%

Net income (Q1, 2017)

(5.1 m)

EBIT (Q1, 2017)

(5.1 m)

Market capitalization (22-Aug-2017)

232.9 m

Cash (31-Mar-2017)

29.2 m
Brightcove's current market capitalization is $232.9 m.
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

43.7 m63.6 m88 m109.9 m125 m134.7 m150.3 m

Revenue growth, %

45%38%25%14%8%12%

Cost of goods sold

36.8 m43.7 m46.5 m55.8 m

Gross profit

73.1 m81.3 m88.2 m94.4 m

Gross profit Margin, %

67%65%65%63%

Sales and marketing expense

41 m46 m45.8 m54 m

R&D expense

21.1 m28.3 m29.3 m30.2 m

General and administrative expense

18.5 m19.1 m19.9 m19.2 m

Operating expense total

80.5 m93.4 m95 m103.4 m

EBIT

(9.5 m)(15.2 m)(6.9 m)(9 m)

EBIT margin, %

(9%)(12%)(5%)(6%)

Interest expense

358 k241 k96 k96 k63 k

Interest income

58 k11 k6 k99 k

Pre tax profit

(9.6 m)

Income tax expense

56 k90 k(3.5 m)212 k260 k391 k410 k

Net Income

(10.2 m)(16.9 m)(7.6 m)(10 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

31 m31.5 m32.9 m32.8 m33.8 m36.3 m37 m38.4 m37.6 m

Cost of goods sold

10.4 m10.8 m11.6 m11.6 m11.5 m13.3 m13.5 m13.8 m15.2 m

Gross profit

20.6 m20.7 m21.3 m21.3 m22.3 m23 m23.5 m24.6 m22.4 m

Gross profit Margin, %

66%66%65%65%66%63%64%64%59%

Sales and marketing expense

12.1 m11.3 m10.8 m11.9 m11.7 m12.5 m14 m13.3 m13.9 m

R&D expense

6.8 m7.2 m7.8 m7.3 m7.2 m7.4 m7.3 m7.7 m8.2 m

General and administrative expense

5.1 m4.7 m5.2 m5.2 m4.4 m4.6 m4.5 m5.1 m5.4 m

Operating expense total

24 m23.2 m23.8 m24.4 m23.3 m24.5 m25.7 m26.2 m27.5 m

EBIT

(4 m)(3.1 m)(2.5 m)(3.2 m)(1 m)(1.5 m)(2.2 m)(1.6 m)(5.1 m)

EBIT margin, %

(13%)(10%)(8%)(10%)(3%)(4%)(6%)(4%)(14%)

Pre tax profit

(2.8 m)(3.6 m)(1.2 m)(1.6 m)(2.3 m)(1.6 m)(5 m)

Income tax expense

56 k81 k66 k66 k123 k45 k96 k61 k79 k

Net Income

(2.8 m)(3.6 m)(1.3 m)(1.6 m)(2.4 m)(1.6 m)(5.1 m)
USDY, 2009Y, 2010Y, 2011Y, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

22.6 m20.3 m17.2 m21.7 m33 m22.9 m27.6 m36.8 m

Accounts Receivable

8.1 m13 m

Inventories

304 k199 k16 m

Current Assets

61.9 m48.8 m53.4 m64.3 m

PP&E

8.8 m10.4 m8.7 m9.3 m

Goodwill

22 m50.8 m50.8 m50.8 m

Total Assets

103.1 m127.6 m127.7 m136.4 m

Accounts Payable

3.1 m1.6 m3.3 m5.3 m

Current Liabilities

41.2 m44.1 m46.8 m56.5 m

Total Liabilities

58.2 m

Additional Paid-in Capital

220.5 m230.8 m

Retained Earnings

(116.1 m)(133 m)(140.6 m)(150.6 m)

Total Equity

60.4 m80.8 m78.1 m78.2 m

Financial Leverage

1.7 x1.6 x1.6 x1.7 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

20.8 m21.7 m21.9 m21.2 m23.8 m29.3 m30.2 m35.2 m29.2 m

Current Assets

46.6 m46.2 m46.8 m45.7 m48.7 m56.3 m54.9 m63.7 m59.8 m

PP&E

11.1 m10.4 m9.7 m10.6 m10.5 m9.2 m9.4 m9.5 m9.3 m

Goodwill

51.1 m51.1 m50.8 m50.8 m50.8 m50.8 m50.8 m50.8 m50.8 m

Total Assets

128 m126.3 m124.3 m123.7 m125.7 m130.8 m128.8 m137 m131.2 m

Accounts Payable

899 k734 k2.4 m2.9 m2.6 m2.8 m4.9 m3.7 m6 m

Current Liabilities

39.2 m40.3 m42.7 m43.3 m45.2 m49.8 m49.4 m53.6 m54.6 m

Additional Paid-in Capital

211.3 m212.9 m216 m217.4 m218.9 m221.9 m223.2 m229 m232.8 m

Retained Earnings

(125.3 m)(129.1 m)(135.8 m)(139.5 m)(140.8 m)(142.2 m)(144.6 m)(146.2 m)(155.9 m)

Total Equity

85.8 m83.3 m79.4 m77.1 m77.3 m78.1 m77.1 m81.3 m75.1 m

Financial Leverage

1.5 x1.5 x1.6 x1.6 x1.6 x1.7 x1.7 x1.7 x1.7 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(10.2 m)(16.9 m)(7.6 m)(10 m)

Depreciation and Amortization

5.9 m8.6 m8.7 m7.8 m

Accounts Receivable

(3.2 m)409 k(157 k)(559 k)

Inventories

(13.4 m)680 k(894 k)

Accounts Payable

2.1 m(2.3 m)1.8 m733 k

Cash From Operating Activities

7.3 m(10.1 m)4.7 m11.1 m

Purchases of PP&E

(3.4 m)(3.5 m)

Cash From Investing Activities

4.3 m(10.5 m)(2.8 m)(5.3 m)

Cash From Financing Activities

746 k(802 k)(1.4 m)3.6 m

Interest Paid

96 k96 k63 k

Income Taxes Paid

122 k184 k263 k351 k
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(2.8 m)(3.6 m)(1.3 m)(1.6 m)(2.4 m)(1.6 m)(5.1 m)

Accounts Payable

899 k734 k2.4 m2.9 m2.6 m2.8 m4.9 m3.7 m6 m
USDY, 2017

Revenue/Employee

76.7 k

Financial Leverage

1.7 x

Brightcove Operating Metrics

Brightcove's Customers was reported to be 4.6 k in FY, 2016, which is a 9% decrease from the previous period. Brightcove's Backlog was reported to be $86 m in FY, 2016, which is a 13% increase from the previous period. Brightcove's Patent Applications was reported to be 32 in FY, 2016, which is a 14% decrease from the previous period
FY, 2013FY, 2014FY, 2015FY, 2016

Backlog

$59 m$68 m$76 m$86 m

Average Annual Revenue per Premium Customer

$54 k$60 k$66 k$69 k

Customers

6.32 k5.77 k5.05 k4.57 k

Countries

70757575

Patents Issued

15313844

Patent Applications

22363732

Video Streams per Month

963 m1.5 b1.8 b2.7 b

    Brightcove Market Value History

    Brightcove Median Salaries

    Source: 58 public H-1B filings from Brightcove

    Market Position of Brightcove

    Competitors

    Pluto TV
    Technology - Private
    Conductor Technologies
    Technology - Private
    Ustream
    Entertainment & Publishing - Subsidiary
    SundaySky
    Entertainment & Publishing - Private
    Compare competitors

    Traffic Overview of Brightcove

    Brightcove Online and Social Media Presence

    Brightcove Company Life and Culture

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