BOSTON (AP) — BOSTON (AP) — Brightcove Inc. (BCOV) on Wednesday reported a loss of $11.7 million in its first quarter.
The Boston-based company said it had a loss of 28 cents per share. Losses, adjusted for stock option expense and amortization costs, came to 15 cents per share.
The internet video streaming service company posted revenue of $49.1 million in the period.
For the current quarter ending in June, Brightcove expects its results to range from a loss of 4 cents per share to a loss of 1 cent per share.
The company said it expects revenue in the range of $50 million to $51 million for the fiscal second quarter.
Brightcove expects full-year earnings in the range of 3 cents to 10 cents per share, with revenue ranging from $204 million to $209 million.
In the final minutes of trading on Wednesday, the company’s shares hit $3.99. A year ago, they were trading at $7.04.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BCOV at https://www.zacks.com/ap/BCOV
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
