Everbridge, Inc. Provides Earnings Guidance for the Quarter and Year Ended December 31, 2018
January 14, 2019 at 04:06 pm
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Everbridge, Inc. provided earnings guidance for the quarter and year ended December 31, 2018. For the quarter, The company expects to report total revenue in the range of $41.6 million and $41.8 million, representing estimated growth of approximately 42.5% to 43.2% as compared to total revenue of $29.2 million for the three months ended December 31, 2017. The estimated increase in total revenue for the three months ended December 31, 2018 was driven by an increase in the customer base, including increased sales to larger organizations with greater numbers of contacts and locations. GAAP net loss is expected to be between $10.6 million to $10.0 million. GAAP net loss per share was expected to be between $0.36 to $0.34.
For the year, The company expects to report total revenue in the range of $146.9 million and $147.1 million, representing estimated growth of approximately 40.7% to 40.9% as compared to total revenue of $104.4 million for the year ended December 31, 2017. GAAP net loss is expected to be between $48.3 million to $47.7 million. GAAP net loss per share was expected to be between $1.66 to $1.64.
Everbridge, Inc. is a global software company. The Company leverages intelligent automation technology to enable customers to anticipate, mitigate, respond to, and recover from critical events to keep people safe and organizations running. Its software as a service (SaaS)-based platform enables its customers to manage and mitigate critical events. Its enterprise applications, such as Mass Notification, Safety Connection, IT Alerting, Risk Intelligence, Public Warning, Community Engagement, Crisis Management, CareConverge, Control Center, Travel Protector, SnapComms and E911, automate numerous critical event management (CEM) processes. Its solutions enable organizations to automate and deliver intelligent, contextual messages to, and receive verification of delivery from, hundreds of millions of recipients, across multiple communications modalities. It has operations in the United States, United Kingdom, Norway, China, Netherlands, Canada, New Zealand, France, India and other countries.
EVERBRIDGE, INC. 
