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Free Post Earnings Research Report: Everbridge’s Revenue Grew 37%

Stock Monitor: MongoDB Post Earnings Reporting

LONDON, UK / ACCESSWIRE / December 19, 2017 / Active-Investors free earnings report on Everbridge, Inc. (NASDAQ: EVBG) has freshly been issued to its members, and you can also sign up to view this report at www.active-investors.com/registration-sg/?symbol=EVBG. The Company posted its financial results on November 06, 2017, for the third quarter fiscal 2017. The Company's revenue and adjusted EPS surpassed analysts' expectations. Register today and get free access to our complimentary member's area where many more reports are available:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for MongoDB, Inc. (NASDAQ: MDB), which also belongs to the Technology sector as the Company Everbridge. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=MDB

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Everbridge most recent news is on our radar and we have decided to include it on our blog post. Today's free coverage is available at:

www.active-investors.com/registration-sg/?symbol=EVBG

Earnings Highlights and Summary

For three months ended September 30, 2017, Everbridge's revenue increased 37% to $27.31 million from $19.93 million in Q3 FY16. The Company's revenue surpassed analysts' expectations of $26.40 million.

During Q3 FY17, Everbridge's gross profit increased 39.8% to $19.24 million from $13.76 million in the same period last year. For the reported quarter, the Company's gross margin increased 140 basis points to 70.4% of revenue from 69.0% of revenue in Q3 FY16. For the reported quarter, the Company's adjusted gross margin decreased 10 basis points to 72.0% of revenue from 72.1% of revenue in Q3 FY16.

For the reported quarter, Everbridge's EBITDA was negative $2.00 million compared to negative $425,000 in Q3 FY16. For the reported quarter, Everbridge's adjusted EBITDA increased 39.5% to $807,000 from $334,000 in Q3 FY16. During Q3 FY17, the Company's adjusted EBITDA margin increased 130 basis points to 3.0% of revenue from 1.7% of revenue in the same period last year.

During Q3 FY17, Everbridge's operating loss was $4.39 million compared to operating loss of $2.43 million in the same period last year. During Q3 FY17, Everbridge's adjusted operating loss was $735,000 compared to adjusted operating loss of $880,000 in the same period last year.

During Q3 FY17, Everbridge's earnings before tax (EBT) was negative $4.31 million compared to negative $2.59 million in the same period last year.

For the reported quarter, Everbridge's net loss was $4.23 million compared to net loss of $2.63 million in Q3 FY16. During Q3 FY17, the Company's diluted EPS was negative $0.15 compared to negative $0.18 in the same period last year. For the reported quarter, Everbridge's adjusted net loss was $575,000 compared to adjusted net loss of $1.08 million in Q3 FY16. During Q3 FY17, the Company's adjusted diluted EPS was negative $0.02 compared to negative $0.07 in the same period last year. Adjusted diluted EPS surpassed analysts' expectations of negative $0.06.

Balance Sheet

As on September 30, 2017, Everbridge's cash and cash equivalents decreased 61.1% to $23.63 million from $60.77 million on December 31, 2016.

For the reported quarter, the Company's net accounts receivable increased 25% to $22.27 million from $17.81 million in Q4 FY16. For the reported quarter, the Company's accounts payable and accrued expenses increased 32.5% to $3.22 million from $2.43 million in the fourth quarter of 2016.

During Q3 FY17, the Company's cash provided by operating activities decreased 18.1% to $6.74 million from $8.23 million in the same period last year. During Q3 FY17, the Company's free cash flow decreased 33.7% to $4.36 million from $6.58 million in the same period last year.

Outlook

For Q4 FY17, the Company expects adjusted net loss to be in the range of $0.7 million to $0.4 million and adjusted diluted EPS to be in the range of negative $0.02 to negative $0.01.

For FY17, the Company expects adjusted net loss to be in the range of $6.8 million to $6.5 million and adjusted diluted EPS to be in the range of negative $0.24 to negative $0.23.

Stock Performance Snapshot

December 18, 2017 - At Monday's closing bell, Everbridge's stock was slightly up 0.52%, ending the trading session at $28.85.

Volume traded for the day: 541.85 thousand shares, which was above the 3-month average volume of 339.14 thousand shares.

Stock performance in the last month – up 8.87%; previous three-month period – up 16.24%; past twelve-month period – up 47.34%; and year-to-date – up 56.37%

After yesterday's close, Everbridge's market cap was at $763.37 million.

The stock is part of the Technology sector, categorized under the Application Software industry. This sector was up 0.9% at the end of the session.

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