Everbridge: Q1 Earnings Snapshot
By AP News
Published - May 09, 2023, 07:24 AM ET
Last Updated - Jun 21, 2023, 09:40 PM EDT
BURLINGTON, Mass. (AP) — BURLINGTON, Mass. (AP) — Everbridge Inc. (EVBG) on Tuesday reported a loss of $14.6 million in its first quarter.
The Burlington, Massachusetts-based company said it had a loss of 36 cents per share. Earnings, adjusted for stock option expense and amortization costs, were 25 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.
The software developer posted revenue of $108.3 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $106.4 million.
