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Everbridge Reverses Year-Ago Loss as Revenue Rises in Q1; Issues Q2, FY21 Outlook

05/10/2021 12:30

04:21 PM EDT, 05/10/2021 (MT Newswires) -- Everbridge (EVBG) reported Monday Q1 non-GAAP earnings of $0.18 per diluted share, versus a loss of $0.16 a year prior. Analysts polled by Capital IQ expected a loss of $0.11 per share.

Total revenue for the quarter climbed to $82.2 million from $58.9 million a year ago. Analysts polled by Capital IQ forecast $75.6 million.

The software company guided Q2 revenue of between $83.7 million and $84.1 million and non-GAAP net loss in the range of

$0.23 to $0.22 per share. For full-year 2021, revenue was expected between $358 million and $359.6 million, while non-GAAP net loss was set in the range of $0.20 to $0.16 per share.

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