Stock Analysis
Brightcove (NASDAQ:BCOV) First Quarter 2024 Results
Key Financial Results
- Revenue: US$50.5m (up 2.9% from 1Q 2023).
- Net income: US$1.57m (up from US$11.7m loss in 1Q 2023).
- Profit margin: 3.1% (up from net loss in 1Q 2023).
- EPS: US$0.036 (up from US$0.28 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Brightcove Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates.
Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 9.2% growth forecast for the IT industry in the US.
Performance of the American IT industry.
The company's shares are up 6.0% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Brightcove has 1 warning sign we think you should be aware of.
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About NasdaqGS:BCOV
Brightcove
Provides cloud-based streaming services the Americas, Europe, the Asia Pacific, Japan, India, and the Middle East.
Excellent balance sheet and fair value.