Everbridge 2018 annual EBITDA was $-0.023B, a 632.23% increase from 2017. We continue to see demand from customers and prospects even in the most challenged industries. And -- but I would say the net-net of it is, overall, the sales funnel pipeline is stronger overall. And then over time, you'll see us build a lot of scale off of those. Everbridge Recognized as One of The Fastest-Growing Public Companies in Massachusetts Global Critical Event Management (CEM) leader gains momentum helping companies . So for example, if you're a customer and you can use our command center now to have thermal cameras when employees are coming into the building and take their temperature, and that's fully integrated with the broader set of capabilities. Everbridge Inc. shares reached a high of $178.9796 and dropped to a low of $155.38 until finishing in the latest session at $160.89. Everbridge is based in Boston and Los Angeles with additional offices in Lansing, San Francisco, Washington, D.C., Abu Dhabi, Beijing, Bangalore, Kolkata, London, Munich, Oslo, Singapore, Stockholm, and Tilburg. Customers choose the breadth and depth of the Everbridge platform because they recognize the need to address all types of critical events, not just COVID, with a solution that has been proven at scale with over 5,000 satisfied customers. Everbridge EBITDA 2014-2021 | EVBG | MacroTrends While there are some customers and prospects who have had to delay investments during these difficult times, we continue to see customers in even the most challenged industries like retail, travel and hospitality realize both the human and business benefits of implementing critical event management technology at their organizations. We are increasing adjusted EBITDA guidance to a range of $6.6 million to $7.2 million. We recently announced two new public warning customers in the Middle East and Africa, meaning that our customer base now spans every major region of the world. Matt Stotler -- William Blair and Company -- Analyst. In terms of adjusted gross margin, you're just seeing in Q2 better visibility into the underlying unit economics that we've been building and experiencing, and that will continue to improve over time. Our deal activity in Q2 included 100 multiproduct deals at new and existing customers, up from 88 in last year's second quarter as we continue to increase our penetration. As part of our phased introduction plan, we formally launched CEM in Europe in June with early marquee customers. and improve outcomes such as enabling and protecting revenue streams, . In addition, they are subject to inherent limitations as they reflect the exercise of judgment by management about which expenses and income are excluded or included in determining these non-GAAP financial measures. This is where we live. Partners also helped to secure wins with the top provider of government services, an information technology leader and a large global provider of drug development, clinical diagnostics and pharmaceutical solutions. That's helpful. Earnings Reaction History: EVERBRIDGE INC, 85.7% Follow-Through Indicator, 11.3% Sensitive. Each one of these recent major critical events from pandemics to protests presents a different challenge for organizations. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release. Hello. So those are just a couple of examples. So we do have these happening. Thank you. 11/09 16:05. Adjusted EBITDA handily beat our guidance at positive $3.6 million, compared to positive $400,000 in the year-ago period. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Basic and diluted weighted average shares outstanding, (All figures in millions, except per share data), Everbridge First Quarter 2020 Financial Results Conference Call, (855) 859-2056, passcode 1177818, domestic, (404) 537-3406, passcode 1177818, international, https://edge.media-server.com/mmc/p/t4tnx3gw. But that is part of the overall commitment of what we're doing there, so it's exciting. AUCKLAND, New Zealand - November 16, 2020. Second Quarter Revenue Increased 35% Year-over-Year Raises Full Year Revenue Guidance . When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. An instant New York Times bestseller, Dan Lyons' "hysterical" (Recode) memoir, hailed by the Los Angeles Times as "the best book about Silicon Valley," takes readers inside the maddening world of fad-chasing venture capitalists, sales bros, ... Revenue, there was no material one-time revenue. And you saw how we were able to outperform on our quarterly adjusted EBITDA target as we were being cautious on some investments. And we're seeing really good demand for some of the COVID-specific use cases that we've launched. Please go ahead. With this grant, no competitor in our space has more authorities to operate with the federal government than Everbridge. Hey, guys. Fantastic new logo, full CEM deal, global, across offices and almost 100,000 people. Can you give us just some sense as to what else functionally or organizationally needs to be done to be able to turn those deals into SaaS deals? Everbridge's annual revenues are $100-$500 million (see exact revenue data) and has 500-1,000 employees. Returns as of 11/20/2021. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Revenue: $271 Million(2020) Number of employees. Everbridge Inc. Stock-based compensation expense included in the above: Adjustments to reconcile net loss to net cash provided by operating activities: Accretion of interest on convertible senior notes, Provision for credit losses and sales reserve. A wealth of resources for individual investors is available at www.zacks.com. And the idea that someone is going to throw together like a mobile app in a couple of months and -- we spent years, we have over 160 patents. And I think it's exciting that given the historical growth of the company, driven primarily through direct, the opportunity and the upside from adding additional indirect channels, additional routes to market, while continuing to improve our enterprise sales transition. This press release contains the following non-GAAP financial measures: non-GAAP cost of revenue, non-GAAP gross profit, non-GAAP gross margin, non-GAAP sales and marketing, non-GAAP research and development, non-GAAP general and administrative, non-GAAP operating expenses, non-GAAP operating income/(loss), non-GAAP net income/(loss), non-GAAP net income/(loss) per share, adjusted EBITDA, and free cash flow. Do Not Sell My Personal Information (CA Residents Only). So we hope that we'll be able to sell a number of future deals on a ratable basis. So it's pretty exciting, the technology capabilities we've been able to use to expand our CEM for IoT, and it's helping us with COVID right now. This quarterly report represents an earnings surprise of 128.57%. Auckland-based internal communications software company SnapComms has been acquired by Everbridge, a US-based global leader in critical event management technology. This paper discusses the role of, and provides practical country-level guidance on, fiscal policies for implementing climate strategies using a unique and transparent tool laying out trade-offs among policy options. You may continue with your presentation or closing remarks. We ended the quarter with $491.3 million in cash, cash equivalents, restricted cash and short-term investments, compared to $506.5 million at the end of the first quarter reflecting seasonal cash flow patterns and the impact of the small technology tuck-in acquisition we completed during the quarter. We have very deep and broad solutions and I think people recognize that and they're coming to us. "We continue to exceed our guidance for both revenue and profitability due to robust performance from our CEM suite," said David Meredith, CEO of Everbridge. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. For example, several million dollars in billings that occurred in the second quarter of last year will occur in other periods this year, which has a net impact on deferred revenue for the second quarter. And we even had some customers come to us when they still have time left on their contracts with some of the other point solution providers and saying, hey, we just got to get on something that scales better. So the sales team there is very happy. Yeah. We've got -- we've added additional experienced sales -- enterprise sales leaders across Europe. In the second quarter, we delivered on that objective. Our next question is from Ryan MacWilliams with Stephens, Inc. 781-859-4116, Investor Contact: So we have something called Everbridge Private Network, and that's where our customers are able to, on an opt-in basis, to share data and use that to help. While COVID-19 is a seminal critical event of our time, let's not forget that other critical events can simultaneously affect organizations around the globe almost every day, impacting their ability for people to stay safe and businesses to keep running. Visionary designer and technologist John Maeda defines the fundamental laws of how computers think, and why you should care even if you aren't a programmer. "Maeda is to design what Warren Buffett is to finance. Thank you. As Everbridge, are you seeing any change with new entrants may be coming into this market with the TAM being so much larger than it might have been a few months ago? Thank you, Terry. To date, Everbridge and our employees have already helped raise more than half of our $250,000 target to help support the CDC Foundation's efforts, and we thank those of you who have already joined us in this support. Changes in operating assets and liabilities: Net cash provided by operating activities, Payment for acquisition of business, net of acquired cash, Additions to capitalized software development costs, Net cash provided by (used in) investing activities, Proceeds from public offering, net of costs, Proceeds from employee stock purchase plan, Net cash provided by financing activities, Effect of exchange rates on cash, cash equivalents and restricted cash, Net increase (decrease) in cash, cash equivalents and restricted cash, Cash, cash equivalents and restricted cash—beginning of period, Cash, cash equivalents and restricted cash—end of period, Reconciliation of GAAP measures to non-GAAP measures, (Continued) Reconciliation of GAAP measures to non-GAAP measures, Interest and investment (income) expense, net, (in millions, except share and per share data), Weighted average common shares outstanding, basic and diluted, View source version on businesswire.com: https://www.businesswire.com/news/home/20200505005957/en/, Media Contact: So if you buy contact tracing, you're getting a broader set of capabilities that we're loading in your assets and your people and all the things that we do for a broader implementation and so we feel really confident that these are long-term customers that will be easy to continue to cross-sell, upsell. Everbridge (EVBG) delivered earnings and revenue surprises of 55.56% and 2.12%, respectively, for the quarter ended March 2020. And then, Patrick, just a follow-up question. Everbridge Inc. [NASDAQ: EVBG] traded at a low on 08/10/20, posting a -5.78 loss after which it closed the day' session at $124.16. This is actually Charlie Erlikh on for Will. In addition to success growing our business in the quarter, we remain focused on furthering our technology leadership in the market. Capitalized software development costs, net, Accrued payroll and employee related liabilities, Total liabilities and stockholders' equity, Consolidated Statements of Operations and Comprehensive Loss, (in thousands, except share and per share data). Through our new partnership, Taleris' network of over 4,000 technology brokers will assist businesses in managing critical events such as coronavirus with the full suite of Everbridge capabilities, including our COVID-19 Shield and return-to-work software solutions across the U.S., the U.K., Australia and New Zealand. Hey, guys. So we continue to see strong demand for our products. Charlie Erlikh -- Robert W. Baird & Co. -- Analyst. We added 122 net new enterprise customers in Q2, bringing our total enterprise customer count to 5,340. I mean we've had -- I think now we're getting close to 700 million communications that we've sent out just from COVID alone. Please go ahead. In terms of the Zacks Industry Rank, Internet - Software is currently in the top 40% of the 250 plus Zacks industries. I am vice president of investor relations for Everbridge. And Patrick, you can jump in. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Thank you, Jaime. Factors that might cause such differences include, but are not limited to, those discussed in our Forms 10-Q and 10-K, as well as other subsequent filings with the SEC. We are looking at bringing in full timers, part timers, interns and reaching out to third parties who can take on additional work that we can toggle up and down. Reviewing that Everbridge Past Earnings for the company, we see that the highest past earnings result in our data set was in Q1 2021, when EVBG posted adjusted EPS of .180/share. Do the numbers hold clues to what lies ahead for the stock? So overall, it is a situation where, I think, customers are looking for help getting back to work, managing their overall risk exposure and business operations in the time of COVID. [Operator instructions] And our first question is from the line of Matt Stotler with William Blair. I'm happy to take that. Our contact tracing use case, which is helping customers already leverages control center and safety connection to go beyond just proximity tracing to also cooperate area tracing. But as we look into the second half or even into next year, but because of the macro and COVID, is there any changes, though, you're seeing across either healthcare, public sector or corporate in terms of how they pay, maybe if there was annual before, it's more periodic payments, anything that you're noticing in terms of how invoicing is changing, if at all? We're having really good traction with our IT learning offering. A reconciliation of our GAAP to our non-GAAP financial measures is included in our press release. Just following up then on these kind of different use cases in 2020 maybe versus previous years, do you expect that the cadence or the mechanics of cross-selling and up-selling those customers to be virtually unchanged going from contact tracing to some of your other products, will that be any different than it was before all this happened? As a leader in critical event management, we offer the broadest and deepest platform-enabling organizations to manage and mitigate any type of critical event. I talked about in my prepared remarks that virtuous feedback loop of talking to the customers, seeing where the pain points are and then very quickly getting out new offerings. This updated 2nd edition of Leadership Team Coaching in Practice includes new case studies and addresses hot topics in systemic leadership coaching theory. Sometimes I have to slow down so that the rest of the org can keep going. You may go ahead. We do not consider these non-GAAP measures in isolation or as an alternative to financial measures determined in accordance with GAAP. And could you quantify? We're getting -- we talked last quarter about Cisco. But full rollout and full capabilities, which I think three years is probably a reasonable time frame. This . So first of all, congrats on the results. We followed up that offering with COVID Shield in order to protect people and supply chains. During public safety threats such as active shooter situations, terrorist attacks or severe weather conditions, as well as critical business events including IT outages, cyber-attacks or other incidents such as product recalls or supply-chain interruptions, over 5,200 global customers rely on the Company’s Critical Event Management Platform to quickly and reliably aggregate and assess threat data, locate people at risk and responders able to assist, automate the execution of pre-defined communications processes through the secure delivery to over 100 different communication devices, and track progress on executing response plans. Now operator, we'd like to open the call for questions. In 2019, MassTLC named Everbridge the Growth Company of the Year, selecting the company from hundreds of nominations across 16 award categories, and recognizing it for revenue growth, customer . Everbridge annual revenue for 2019 was $200.9M, a 36.57% growth from 2018. Helping to drive our strong revenue growth was our continued momentum with six-figure deals. 12/31/2018 . . I think what this quarter showed in one regard is the leverage in the model, where we can turn on more profitability if we need to, but we're still investing in growth.
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