Brightcove: Q4 Earnings Snapshot

BOSTON (AP) — BOSTON (AP) — Brightcove Inc. (BCOV) on Thursday reported a loss of $2.5 million in its fourth quarter.

On a per-share basis, the Boston-based company said it had a loss of 6 cents. Earnings, adjusted for stock option expense and amortization costs, were 4 cents per share.

The internet video streaming service company posted revenue of $50.2 million in the period.

For the year, the company reported that its loss widened to $22.9 million, or 53 cents per share. Revenue was reported as $201.2 million.

For the current quarter ending in March, Brightcove expects its results to range from a loss of 1 cent per share to earnings of 2 cents per share.

The company said it expects revenue in the range of $49 million to $50 million for the fiscal first quarter.

Brightcove expects full-year results to range from a loss of 10 cents per share to a loss of 5 cents per share, with revenue ranging from $195 million to $198 million.

In the final minutes of trading on Thursday, the company's shares hit $2.20. A year ago, they were trading at $6.51.


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