Cloud Stocks: Everbridge Focuses On The Government Sector

Emergency notifications provider Everbridge (Nasdaq: EVBG) recently announced its fourth-quarter results that surpassed market expectations. The company continues to invest in product upgrades and has released services geared toward improving government response systems.

Everbridge’s Financials

Q4 revenues grew 32% to $75.6 million, surpassing analyst estimates of $72.5 million. Net loss was $(24.2) million or $(0.70) per share, compared to $(13.1) million or $(0.39) a year ago. Non-GAAP net income per share was $0.03, beating analyst estimate of $0.02 per share.

For the fiscal year, Everbridge reported revenues of $271.1, growing 35%, and a loss per share of $(0.01).

For the first quarter, Everbridge expects revenues of $75.3-$75.7 million and an adjusted loss of $0.12-$0.10 per share. It expects to end the year with revenues of $342.1-$344.1 million and a net loss of $0.25-$0.19 per share. The market was looking for revenues of $74.91 million for the quarter with a loss of $0.07 per share and revenues of $336.29 million for the year with an EPS of $0.01 per share.

Everbridge’s Expanding Offerings

Recently, Everbridge announced the expansion of its SaaS platform to launch a comprehensive integrated suite of digital and physical resiliency solutions. Critical Event Management (CEM) provides ‘must have’ standards that CEOs and boards for monitoring operational risks arising from unplanned events. The expanded platform gives organizations a comprehensive end-to-end operating environment so they can take a closed-loop approach in the way they manage critical events, while also delivering improved return on investments, increased revenue, and reduced costs.

Additionally, Everbridge announced the availability of its new app, ManageBridge. The app has enhanced crisis management and reporting features, allowing organizations to anticipate and respond to natural, manmade, and digital critical events in real-time, from any mobile device. Dispatchers and incident managers can use the app to orchestrate incident resolution and communicate with both senior management and technical teams.

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Disclosure: All investors should make their own assessments based on their own research, informed interpretations and risk appetite. This article expresses my own opinions based on my own ...

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