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May 4, 2012 01:44 am GMT
Video platform Brightcove just released its first earnings report after going public in March. Brightcove posted a net loss of $4.3 million - that's down from $5.8 million last quarter. The company's revenue for the first financial quarter of 2012 was $19.9 million, an increase of 53% compared to the first quarter of 2011 when the company made $13.1 million. Non-GAAP net loss per share was $0.17. Analysts expected a loss of $0.16 per share.Brightcove's gross profit for the first quarter was $13.6 million (up 56% from $8.7 million in Q1 2011). Non-GAAP loss from operations was $2.3 million for the first quarter of 2012, an improvement compared to a non-GAAP loss of $3.4 million during the first quarter of 2011. Brightcove also announced that it had 4,254 customers at the end of the quarter. That's up 49% compared to Q1 2011.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/ek7l7u3E0MA/
Brightcove Reports Q1 Net Loss Of $4.3 Million, Revenue Up 53% to $19.9 Million
Video platform Brightcove just released its first earnings report after going public in March. Brightcove posted a net loss of $4.3 million - that's down from $5.8 million last quarter. The company's revenue for the first financial quarter of 2012 was $19.9 million, an increase of 53% compared to the first quarter of 2011 when the company made $13.1 million. Non-GAAP net loss per share was $0.17. Analysts expected a loss of $0.16 per share.Brightcove's gross profit for the first quarter was $13.6 million (up 56% from $8.7 million in Q1 2011). Non-GAAP loss from operations was $2.3 million for the first quarter of 2012, an improvement compared to a non-GAAP loss of $3.4 million during the first quarter of 2011. Brightcove also announced that it had 4,254 customers at the end of the quarter. That's up 49% compared to Q1 2011.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/ek7l7u3E0MA/
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