Brightcove Reports Q1 Net Loss Of $4.3 Million, Revenue Up 53% to $19.9 Million

Video platform Brightcove just released its first earnings report after going public in March. Brightcove posted a net loss of $4.3 million - that's down from $5.8 million last quarter. The company's revenue for the first financial quarter of 2012 was $19.9 million, an increase of 53% compared to the first quarter of 2011 when the company made $13.1 million. Non-GAAP net loss per share was $0.17. Analysts expected a loss of $0.16 per share. Brightcove's gross profit for the first quarter was $13.6 million (up 56% from $8.7 million in Q1 2011). Non-GAAP loss from operations was $2.3 million for the first quarter of 2012, an improvement compared to a non-GAAP loss of $3.4 million during the first quarter of 2011. Brightcove also announced that it had 4,254 customers at the end of the quarter. That's up 49% compared to Q1 2011.

what time does the super bowl start ben gazzara nfl hall of fame 2012 ufc diaz vs condit josephine baker super bowl start time target jason wu