Everbridge: Q2 Earnings Snapshot
By AP News
Published - Aug 08, 2023, 07:51 AM ET
Last Updated - Aug 08, 2023, 07:51 AM EDT
BURLINGTON, Mass. (AP) — BURLINGTON, Mass. (AP) — Everbridge Inc. (EVBG) on Tuesday reported a loss of $15.1 million in its second quarter.
The Burlington, Massachusetts-based company said it had a loss of 37 cents per share. Earnings, adjusted for one-time gains and costs, came to 31 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.
The software developer posted revenue of $110.6 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $110.1 million.
