Brightcove Sees Q2 2024 Revenue $47.5M-$48.5M Vs $48.48M Estimate, Sees Adj. EPS $(0.05)-$(0.03) Vs $(0.03) Estimate

Second Quarter 2024 Guidance:

• Revenue is expected to be in the range of $47.5 million to $48.5 million, including approximately $1.8 million of professional services revenue and $0.8 million of overages.
• Non-GAAP income (loss) from operations is expected to be in the range of ($2.0) million to ($1.0) million, which excludes stock-based compensation of approximately $2.8 million, restructuring and other expenses of $0.7 million and the amortization of acquired intangible assets of approximately $0.9 million.
• Adjusted EBITDA is expected to be in the range of $2.0 million to $3.0 million, which excludes stock-based compensation of approximately $2.8 million, restructuring and other expenses of $0.7 million, the amortization of acquired intangible assets of approximately $0.9 million, depreciation expense of approximately $4.3 million, and other (income) expense and the provision for income taxes of approximately $0.3 million.
• Non-GAAP net loss per diluted share is expected to be ($0.05) to ($0.03), which excludes stock-based compensation of approximately $2.8 million, restructuring and other expenses of $0.7 million, the amortization of acquired intangible assets of approximately $0.9 million, and assumes approximately 44.7 million weighted-average shares outstanding.