best insurance stock - Brightcove Inc earnings loss q4 2012 : Brightcove Inc. (BCOV - Snapshot Report) reported a loss of thirteen cents inwards the quaternary quarter of 2012, wider than the Zacks Consensus Estimate of a loss of vii cents. However, loss per portion was narrower than a loss of 75 cents reported inwards the year-ago quarter.
Revenues jumped 31.3% from the year-ago quarter to $24.3 million, slightly ameliorate than the consensus mark. The year-over-year surprise was primarily driven past times a 34.2% surge inwards Subscription as well as Support revenues, which fully offset an 8.4% plunge inwards Professional services as well as Other revenues.
Brighcove’s revenues from premium offerings jumped 29% twelvemonth over twelvemonth to $21.8 million. Premium refers to Brighcove’s traditional video cloud customers, the venture edition of app cloud as well as Zencoder customers on annual contracts. Revenues from book offerings surged 53.0% twelvemonth over twelvemonth to $2.5 million.
Brightcove’s client base of operations expanded 64% from the year-ago quarter to 6367, which includes 1625 premium customers as well as 4742 book customers. Sequentially, both premium as well as book customers increased past times 52 as well as 172, respectively.
Brightcove added a release of major companies to its client base of operations that includes the likes of insurance provider Allstate (ALL - Analyst Report) as well as biopharmaceutical companionship Bristol Meyers Squibb (BMY - Analyst Report). Brightcove too entered into a partnership alongside Viacom (VIA - Snapshot Report) as well as NBC.
Revenues from non-media customers (60% of amount revenues) grew 60% twelvemonth over year, spell media customers (40% of amount revenue) increased 17% from the year-ago quarter. Recurring dollar memory charge per unit of measurement was 89% inwards the quaternary quarter.
Region wise, revenues from North America (64% of amount revenue) increased 29% twelvemonth over twelvemonth to $15.6 million. Europe (23% of amount revenue) jumped 33.0% twelvemonth over twelvemonth to $5.6 million. Asia-Pacific including Nippon (13% of amount revenue) soared 35.0% from the year-ago quarter to $3.1 million.
Gross margin increased xx Earth points (“bps”) on a year-over-year Earth to 69.8% inwards the reported quarter. Operating expenses soared 27.7% twelvemonth over twelvemonth to $20.7 1000000 due to 27.5% year-over-year increment inwards inquiry & evolution expenses, 20.6% year-on-year rising inwards sales & marketing expenses as well as a 46.1% boundary inwards full general & administrative expenses.
Loss from operations (including stock-based compensation) was $3.7 million, wider than $3.3 1000000 reported inwards the year-ago quarter on a higher revenue base.
Net loss (including stock based compensation) of $3.7 1000000 was narrower than a loss of $3.8 1000000 incurred inwards the prior-year quarter.
Balance Sheet as well as Cash flow
Exiting the quaternary quarter, Brightcove had cash, cash equivalents as well as investments of $30.0 million, downwards from $30.8 1000000 reported inwards the tertiary quarter. Brightcove generated cash catamenia of $2.7 1000000 inwards the quaternary quarter. Free cash catamenia was $2.5 1000000 inwards the quarter.
For the kickoff quarter, Brightcove expects revenues inwards the gain of $23.5 1000000 to $24.0 million, which represents 18% to 21% year-over-year growth. Non-GAAP operating loss is expected to move $2.0 1000000 to $2.3 million. Non-GAAP loss is expected inwards the gain of viii cents to 10 cents per share.
For financial 2013, Brightcove expects revenues to move inwards the gain of $102.0 1000000 to $105.0 million, which represents 16% to 19% year-over-year growth. Non-GAAP loss is expected to move $4.5 1000000 to $6.5 million. Non-GAAP internet loss per portion is expected inwards the gain of eighteen cents to 25 cents per share.
We believe that potent postulate for cloud-based solutions, safety as well as mobile products, as well as online videos along alongside strategic acquisitions are the positives for the stock over the long term. However, intense contest as well as sluggish macro-economic surroundings are the near-term headwinds.
Currently, Brightcove has a Zacks Rank #3 (Hold).