Technology

Hot Stock Analysis: Everbridge, Inc. (NASDAQ: EVBG)

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On Wednesday, Everbridge, Inc. (EVBG) shares price traded between $46.27 and $47.53 during the last trading session above with +0.30% at $47.23. The shares recorded a trading volume 160,163 million shares as compared to its average volume of 369,533 shares. The company has 28.75M shares outstanding and market value of 1.358B. Over the one year trading period, the stock has a peak price of $53.42 and its down is recorded at $21.56. The short ratio in the stock is 5.68 and the short float is around of 7.52%.

Everbridge, Inc. (NASDAQ: EVBG) reported its financial results for the first quarter ended March 31, 2018.

Chief Executive Officer and Chairman of Everbridge, Jaime Ellertson, said that the company first quarter results exceeded guidance ranges for revenue and profitability. The strong performance was driven by the continued global adoption of Everbridge Mass Notification, the growing number and size of multi-product deals, highlighted by upgrades to their Critical Event Management platform, and continued success leveraging and global partner network.

First Quarter 2018 Financial Highlights

Total revenue was $30.5M, a raise of 34% contrast to $22.8M for the first quarter of 2017.

GAAP operating loss was $(10.9)M, contrast to a GAAP operating loss of $(6.2)M for the first quarter of 2017.

Non-GAAP operating loss was $(3.4)M, contrast to non-GAAP operating loss of $(4.0)M for the first quarter of 2017. Non-GAAP operating loss excludes stock-based compensation and amortization of intangible assets related to acquisitions.

GAAP net loss was $(12.3)M, contrast to $(6.2)M for the first quarter of 2017. GAAP net loss per share was $(0.43), based on 28.4M basic and diluted weighted average ordinary shares outstanding, contrast to $(0.23) for the first quarter of 2017, based on 27.2M basic and diluted weighted average ordinary shares outstanding.

Non-GAAP net loss was $(4.8)M, contrast to $(4.0)M in the first quarter of 2017. Non-GAAP net loss per share was $(0.17), based on 28.4M basic and diluted weighted average ordinary shares outstanding, contrast to $(0.15) for the first quarter of 2017, based on 27.2M basic and diluted weighted average ordinary shares outstanding. Non-GAAP net loss excludes stock-based compensation and amortization of intangible assets related to acquisitions.

Everbridge, Inc.’s (EVBG) EPS growth ratio for the past five years was -18.70% while Sales growth for the past five years was 34.90%. Return on equity (ROE) was noted as -49.00% while return on investment (ROI) was -8.30%. The stock’s institutional ownership stands at 98.20%.

Adjusted EBITDA was a loss of $(1.8)M, contrast to a loss of $(2.3)M in the first quarter of 2017. Adjusted EBITDA represents net loss before interest income and interest expense, income tax expense and benefit, depreciation and amortization expense and stock-based compensation expense.

Cash flow from operations was $7.5M contrast to $1.5M for the first quarter of 2017.

Free cash flow was $5.3M contrast to an outflow of $(0.3)M for the first quarter of 2017. Free cash flow is cash flow from operations, less cash used for capital expenditures and additions to capitalized software development costs.

On Wednesday, Everbridge, Inc. (EVBG) shares price traded between $46.27 and $47.53 during the last trading session above with +0.30% at $47.23. The shares recorded a trading volume 160,163 million shares as compared to its average volume of 369,533 shares. The company has 28.75M shares outstanding and market value of 1.358B. Over the one year trading period, the stock has a peak price of $53.42 and its down is recorded at $21.56. The short ratio in the stock is 5.68 and the short float is around of 7.52%.

Everbridge, Inc. (NASDAQ: EVBG) reported its financial results for the first quarter ended March 31, 2018.

Chief Executive Officer and Chairman of Everbridge, Jaime Ellertson, said that the company first quarter results exceeded guidance ranges for revenue and profitability. The strong performance was driven by the continued global adoption of Everbridge Mass Notification, the growing number and size of multi-product deals, highlighted by upgrades to their Critical Event Management platform, and continued success leveraging and global partner network.

First Quarter 2018 Financial Highlights

Total revenue was $30.5M, a raise of 34% contrast to $22.8M for the first quarter of 2017.

GAAP operating loss was $(10.9)M, contrast to a GAAP operating loss of $(6.2)M for the first quarter of 2017.

Non-GAAP operating loss was $(3.4)M, contrast to non-GAAP operating loss of $(4.0)M for the first quarter of 2017. Non-GAAP operating loss excludes stock-based compensation and amortization of intangible assets related to acquisitions.

GAAP net loss was $(12.3)M, contrast to $(6.2)M for the first quarter of 2017. GAAP net loss per share was $(0.43), based on 28.4M basic and diluted weighted average ordinary shares outstanding, contrast to $(0.23) for the first quarter of 2017, based on 27.2M basic and diluted weighted average ordinary shares outstanding.

Non-GAAP net loss was $(4.8)M, contrast to $(4.0)M in the first quarter of 2017. Non-GAAP net loss per share was $(0.17), based on 28.4M basic and diluted weighted average ordinary shares outstanding, contrast to $(0.15) for the first quarter of 2017, based on 27.2M basic and diluted weighted average ordinary shares outstanding. Non-GAAP net loss excludes stock-based compensation and amortization of intangible assets related to acquisitions.

Everbridge, Inc.’s (EVBG) EPS growth ratio for the past five years was -18.70% while Sales growth for the past five years was 34.90%. Return on equity (ROE) was noted as -49.00% while return on investment (ROI) was -8.30%. The stock’s institutional ownership stands at 98.20%.

Adjusted EBITDA was a loss of $(1.8)M, contrast to a loss of $(2.3)M in the first quarter of 2017. Adjusted EBITDA represents net loss before interest income and interest expense, income tax expense and benefit, depreciation and amortization expense and stock-based compensation expense.

Cash flow from operations was $7.5M contrast to $1.5M for the first quarter of 2017.

Free cash flow was $5.3M contrast to an outflow of $(0.3)M for the first quarter of 2017. Free cash flow is cash flow from operations, less cash used for capital expenditures and additions to capitalized software development costs.

Recent Business Highlights

Ended the quarter with 3,811 global consumers, up from 3,318 at the end of the first quarter of 2017.

Reported the launch of its Integration Platform-as-a-Service offering for IT alerting, which allows IT professionals to bring together the key pieces of their end-to-end IT response processes to improve incident response automation and orchestration.

Reported the integration of its IT Alerting solution with Cherwell Software. The combined solution provides Cherwell® Service Management (CSM) users with a full end-to-end Incident Response Management platform to enable important and measurable reduction of IT response engagement times.

Completed the acquisition of Unified Messaging Systems to enhance product offerings and expand geographic footprint.

Ended the quarter with 3,811 global consumers, up from 3,318 at the end of the first quarter of 2017.

Reported the launch of its Integration Platform-as-a-Service offering for IT alerting, which allows IT professionals to bring together the key pieces of their end-to-end IT response processes to improve incident response automation and orchestration.

Reported the integration of its IT Alerting solution with Cherwell Software. The combined solution provides Cherwell® Service Management (CSM) users with a full end-to-end Incident Response Management platform to enable important and measurable reduction of IT response engagement times.

Completed the acquisition of Unified Messaging Systems to enhance product offerings and expand geographic footprint.

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