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Everbridge reports 4Q loss

BURLINGTON, Mass. (AP) _ Everbridge Inc. (EVBG) on Monday reported a loss of $2.6 million in its fourth quarter.

The Burlington, Massachusetts-based company said it had a loss of 10 cents per share. Losses, adjusted for stock option expense and amortization costs, were 3 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.

The software developer posted revenue of $21.3 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $20.6 million.

For the year, the company reported a loss of $11.3 million, or 68 cents per share. Revenue was reported as $76.8 million.

For the current quarter ending in April, Everbridge expects its results to range from a loss of 19 cents per share to a loss of 18 cents per share.

The company said it expects revenue in the range of $22 million to $22.2 million for the fiscal first quarter.

Everbridge expects full-year results to range from a loss of 33 cents per share to a loss of 30 cents per share, with revenue ranging from $100 million to $101 million.

Everbridge shares have increased 5 percent since the beginning of the year.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EVBG at https://www.zacks.com/ap/EVBG


Keywords: Everbridge, Earnings Report