Everbridge Stock Plunges Again, Company Admits Various Problems

By Louis Cid, Published Feb 28, 2022, 08:45am EST (Research)

**********'* ***** ******* **% **** ******, now **** **% ** *** **** 6 ******, ****** ***** ******* ***'* ****** ************** *** ** *** ******* ********* various ********.

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** **** ******, **** ******** **********'* financial *******, ********'* ****, *** *** specific ******* *** ******* ********.

**********

********** ** * ******** ******** **** company******* ** **** ***** ******** ******* **** * *****-***** ************ engine ** * ******** *** ******** critical ******. *** ******* ******* **** 6,000 ************* ** ********* **** * reported ***** ** **** * ******* people.

**** ******* *****% **** ** ******** ************* *** ***'* ***********. ***** *** currently *** ****** **-**** ** *** company ******** ******** *** * ***, with *** ******* ****** "**'** **** engaged ** * ****** ****, *** optimizing *** ****** *** **********. "

Executive *******

********** *** ***** * **** ** challenges, ********* *********** ******* ******, ******** integrating ******* ************, *** *********-***** ********** turnover ** *** **** ****.

Falling ***** *****

**********'* ***** ***** **** **% *** day ***** ******** **** *********, ** shown *****:

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** **** **** * ******, *** stock *** ****** **%, ** ***** below:

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Market ************** $*.* *******

*** *******'* ****** ************** *** ****** from $*+ ******* ** ******** ** $1.2 ******* *****.

Valuation ******

******* *** ***** ***** ********, ********** is ******* ** * ** ** its **** ****** *******, ***** ***** implicitly *********** *** ******* ******* *** becoming ********** *** *** **** **** when ** *** ******* ** ** to *** ***** * ****** ***.

*** ******* ** ****** ***** **** a ~**% *** **** ******.

Revenue ****** *******

***** ******* **** **% *** ****, the ******* **** ******** ********* ******* to **** ******** ******* ** *** 17% *** ****, ** **** ********* in *** ****:

*** *** **** ****, ** ********** revenue ** ** ** *** ***** of $*** ******* ** $*** *******, representing ****** ** **% ** **%.

********* **** ************ ******* ****** *** significant ****** *** **** ********** ** investors.

Acquisition *********** **********

*** ******* ******** **** *********** *** various ************ *** **** ***********, ******:

** *** * ****** ** ************ obviously, ********** *** **** *** **** really ***** ** *** ********** ** both *** **** ****** *** *** product ********, **** ********** *** ******** to *** ********* *** ** *** sellers. *** ** * ****** ** that, ********* ** *** * **** sales ******* ** **

*** ******* *** **** ******* *** short-term ****** **** ******** ************ *** a ***** **** ** ************ ** being **** ** ********* **** ************ into ***'* ***** ******* *** ******* offerings.

Shift **** ************ ** ***********

*** ******* **** ********* **** ** is *** ******** ** ***** **** on *********** ***** ************, ******:

****** *** *, *** *** ***** havetaken * **** **** at what we are doing well and what needs improvement and the actions that we're taking ** ********* ****** ************, simplify the CEM solution, optimize our approach to public warning, these are all going to drive more moderate near-term growth but also higher profitability [emphasis added]

*** ******* ******** ******** **** *********** those ************:

** ***** ** **-**-******, ** **** well **** * **** ** ******* dozens ** ********* **** **'**not ****** ******* **********. We are selling them to multiple buyers and as Vernon said that was confusing ** ********* *** ** *** *******. So the action that we're taking there to remedy that. We're focusing ** *********** *** ************. We're simplifying our go-to-market. We're aligning and upgrading our back office to make it a lot easier to do business with and within Everbridge [emphasis added]

*** *******'* **** ****** *********** *** Anvil, ****** $***.* ******* * ***** before *** *** ******** ********.

Price ********

********** ******** ******* ****** *** ****** that ** *** ***** *********** "*****-********":

**'** **** * *********** ** **** sizes ** **** ******* ** *********** behavior ***** * ***** **************** *********over-committing *** *****-******** and selected markets to secure share which we believe is unsustainable over the mid-term and that contraction in deal sizes have been exacerbated by lingering effects of COVID which is an elongated implementation timelines. [emphasis added]

*** ******* ********** ***** ******* ******** on *** **** ** ***** ********:

**** ** ***price *********** we're seeing is actually in the International Public Warning specifically but overall public safety pricing is holding up pretty well, that pricing pressure is evident in the fact that they're highly competitive bids where lots of competitors and a pretty rigorous RFP process. And even though that is the case, we continue to win them, because we've got the leading platform, but clearly as put pressure ** *** ******* for our international public warning business. [emphasis added]

Changing **********

******* **-**** **** ** *** **** the ******* ** ******** ********* *** a ***. **** ******** ********** ********** ********* ************ *********** ********** ******** *** *** company *** ** ****** *** ********* as ****.

Network *******

** **** ******** ****, *** ******* repeatedly ********* **** ****** ******* ******* would **** ** ******. *******, ***** was ** ******* ** ***** ******* offerings ***** ** ***********.

************** ************ ** **** **** ******* effects ** **** ***** *** ****** on * *******, *** **********'* ********* are ********* ***-*** *************. **** ******* remains ** **** ***, **** *** company ****** **** *** *******:

** **** ***** ***** **** ******* effects *******, ***** *** *** **** a *** ******* *** ** *** work. ** *** ** ***** ** won *** ******* *****, *** **** quickly *** **** ********** **** ************ business [**] **** ** *** ********** suite ** **** *******.

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Comments (1)

** ****** ******* ** ** **** can *** ***** ************ ****. ** is * ***** ******* ******* *** there *** ****** "****" ****** ** in *** ********. ********** * ***** for *** ****** ** ********* ** another ** ***** ********. *** ***** problem *** ***** ******* ******* **** at ** ***** ******* *****. ** was ********** *** ***** **** **** like **% ** ** ***** ******.

** **** *** ******* ** ******* the ************ ********** **** ***** ******** Everbridge ******* ******** ****** **** *** out ** **** * ***** **** will ** **** ****.

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