+ Watch BCOV
on My Watchlist
strong buy suggestion, with in 3 months this stock minimum goes 30% up
Leading global provider of cloud-based solutions for publishing and distributing professional digital media with tremendous growth trajectory.
"Brightcove is a leading global provider of cloud-based solutions for publishing and distributing professional digital media. As of December 31, 2011, we had 3,872 customers in over 50 countries, including many of the world’s leading media, retail, technology and financial services companies, as well as governments, educational institutions and non-profit organizations."2009 Net Loss = 7.2M2010 Net Loss = 23.0M2011 Net Loss = 23.3MFree Cash Flow2009 = - 924,0002010 = - 13,482,0002011 = - 11,263,000Use of proceeds from IPO you ask?"for working capital and other general corporate purposes, funding of our marketing activities" REALY? I HOPE THEY DON'T REALLY USE IT FOR WORKING CAPITAL. CAN'T EVEN GENERATE CASH AS A BUSINESS."to repay the outstanding principal under our credit facility with Silicon Valley Bank" GOING PUBLIC, TO RAISE CASH, TO PAY OFF CREDITORS.Current Liabilities = $25MThey lose $23M just running their business.Humor me with an outperform pitch for this charity that is in existence simply to pay of preferred shareholders and creditors.
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