Brightcove, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Earnings Guidance for the First Quarter 2014 and Reiterates Earnings Guidance for the Full Year 2014
For the full year, the company reported net loss of $10,244,000 and net loss attributable to common stockholders were $10,264,000 or $0.36 per basic and diluted share on total revenue of $109,895,000 against net loss of $12,452,000 and net loss attributable to common stockholders were $13,919,000 or $0.57 per basic and diluted share on total revenue of $87,973,000 a year ago. Loss from operations was $9,494,000 compared to $15,447,000 a year ago. Loss before income taxes and non-controlling interest in consolidated subsidiary was $10,032,000 compared to $15,941,000 a year ago. Net cash provided by operating activities was $7,318,000 compared to net cash used in operating activities was $1,209,000 a year ago. Purchases of property and equipment were $3,415,000 compared to $6,299,000 a year ago. On non-GAAP basis, income from operations was $694,000, net loss attributable to common stockholders was $76,000 or $0.00 per diluted share against loss from operations was $7,108,000, net loss attributable to common stockholders was $8,253,000 or $0.34 per diluted share a year ago.
For the first quarter 2014, the company expects revenue to be $28.8 million to $29.5 million, and non-GAAP operating loss to be $2.5 million to $2.9 million. Assuming approximately 31.1 million shares outstanding, Brightcove expects its non-GAAP net loss per basic and diluted share to be $0.09 to $0.10, which excludes stock-based compensation expense, the amortization of acquired intangible assets and merger-related expenses.
For the full year 2014, the company is reiterating the guidance issued on January 6, 2014 for revenue to be $126.0 million to $130.0 million, and non-GAAP operating loss to be $9.0 million to $12.0 million. Assuming approximately 32.1 million shares outstanding, Brightcove expects its non-GAAP net loss per basic and diluted share to be $0.31 to $0.40, which excludes stock-based compensation expense, the amortization of acquired intangible assets and merger-related expenses.