Brightcove Inc. (BCOV) Financial Statements (2023 and Earlier)

Company Profile

Business Address 290 CONGRESS STREET
BOSTON, MA 02210
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments45,73937,47222,75929,30626,13236,81327,637
Cash and cash equivalents45,73937,47222,75929,30626,13236,81327,637
Receivables29,86629,30531,18123,26425,23621,57521,213
Prepaid expense7,7925,7605,1714,8663,9913,7293,320
Other current assets10,83312,9786,7137,0703,0452,1681,259
Total current assets:94,23085,51565,82464,50658,40464,28553,429
Noncurrent Assets
Operating lease, right-of-use asset24,8918,69916,912
Property, plant and equipment20,51415,96812,0869,7039,1439,2648,689
Intangible assets, net (including goodwill)70,17871,36774,77756,69559,01261,74664,562
Goodwill60,90260,90260,90250,77650,77650,77650,776
Intangible assets, net (excluding goodwill)9,27610,46513,8755,9198,23610,97013,786
Restricted cash and investments      201
Other noncurrent assets6,6555,2543,2682,4529691,008724
Deferred tax assets, net 8712163
Total noncurrent assets:122,238101,288107,04368,85069,21172,13974,239
TOTAL ASSETS:216,468186,803172,867133,356127,615136,424127,668
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities31,96435,85330,84221,45819,76321,03216,151
Accounts payable11,03910,4569,9177,7126,1425,3273,302
Accrued liabilities20,92525,39720,92513,74613,62115,70512,849
Deferred revenue62,05758,74149,260
Debt  6,174236254796850
Deferred revenue and credits39,37034,66529,836
Other undisclosed current liabilities2,6004,346 39,846   
Total current liabilities:96,62198,94086,27661,54059,38756,49346,837
Noncurrent Liabilities
Long-term debt and lease obligation22,8015,49811,701    
Operating lease, liability22,8015,49811,701
Liabilities, other than long-term debt7862,7637671,0561,4721,7352,696
Deferred revenue and credits2449195
Deferred tax liabilities, net28   
Other liabilities7862,7637671,0281,2281,6442,601
Other undisclosed noncurrent liabilities   146   
Total noncurrent liabilities:23,5878,26112,4681,2021,4721,7352,696
Total liabilities:120,208107,20198,74462,74260,85958,22849,533
Stockholders' equity
Stockholders' equity attributable to parent96,26079,60274,12370,61466,75678,19678,135
Common stock41403937353433
Treasury stock, value(871)(871)(871)(871)(871)(871)(871)
Additional paid in capital298,793287,059276,365251,122238,700230,788220,458
Accumulated other comprehensive loss(662)(188)(785)(952)(809)(1,172)(888)
Accumulated deficit(201,041)(206,438)(200,625)(178,722)(170,299)(150,583)(140,597)
Total stockholders' equity:96,26079,60274,12370,61466,75678,19678,135
TOTAL LIABILITIES AND EQUITY:216,468186,803172,867133,356127,615136,424127,668

Income Statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues211,093197,353184,455164,833155,913150,266134,706
Revenue, net155,913150,266134,706
Cost of revenue(73,028)(76,097)(75,469)(66,624)(64,618)(55,847)(46,477)
Cost of goods and services sold(73,028)(76,097)(75,469)(66,624)(50,664)(48,011)(41,735)
Other cost of operating revenue    (13,954)(7,836)(4,742)
Gross profit:138,065121,256108,98698,20991,29594,41988,229
Operating expenses(130,491)(126,579)(130,049)(111,310)(110,991)(103,397)(95,160)
Operating income (loss):7,574(5,323)(21,063)(13,101)(19,696)(8,978)(6,931)
Nonoperating income (expense)(1,375)128(280)(326)547(598)(258)
Other nonoperating income (expense)(1,380)128(280)(326)449(634)(168)
Interest and debt expense    (26)(63)(96)
Income (loss) from continuing operations before equity method investments, income taxes:6,199(5,195)(21,343)(13,427)(19,175)(9,639)(7,285)
Other undisclosed income from continuing operations before income taxes    266396
Income (loss) from continuing operations before income taxes:6,199(5,195)(21,343)(13,427)(19,149)(9,576)(7,189)
Income tax expense(802)(618)(560)(601)(370)(410)(391)
Net income (loss) available to common stockholders, diluted:5,397(5,813)(21,903)(14,028)(19,519)(9,986)(7,580)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):5,397(5,813)(21,903)(14,028)(19,519)(9,986)(7,580)
Other undisclosed comprehensive loss      (112)
Comprehensive income (loss):5,397(5,813)(21,903)(14,028)(19,519)(9,986)(7,692)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(474)597167(143)363(284) 
Comprehensive income (loss), net of tax, attributable to parent:4,923(5,216)(21,736)(14,171)(19,156)(10,270)(7,692)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: