Everbridge Financials

By Zach Segal, Published Jul 06, 2021, 10:57am EDT

Everbridge's revenue grew 35% YoY in 2020 and their valuation grew 1,650% since their IPO in 2016, but is this growth sustainable?

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**** ******** *** ********* financials *********:

  • **********
  • ******* ** **% ***
  • ******* ****** ** **% YoY
  • *,***% ****** ***** ***, Flat ***
  • ***** *******, ********* ********, Net ****, *** **** Flow
  • ********* ******** *******, *** Not ** ***********
  • *********
  • $*.** ** ******* $* Recurring *******, $*.** ** Renew
  • *-**** *********, *** ***%
  • ********* *** ******
  • $***+ ******* ************ ** 2020 - ** ****
  • **** ** ************
  • ************* ******** *****
  • ** ******* ******, ********* Internationally
  • *******

*** ********* *** ************ **** **********,**** ****-**** **********, *********** ************.

**********

************* ****** ********** **** company ***** ****** ************ providing ********* *********** ********* critical ****** (*.*. ****** weather **********, ** ******* or *****-*******), ******* ********** organizations' *********** ******** ** these ******, ******* **** personal ****** *** ******* business **********.

***** **** ******** ** automated **** ************ *** message ********* ******* ******** channels ********* **** *** email *** ** ********* languages *** **** ** 50% ** ** **** revenue. **** **** ***** other ************* ******* ** critical ***** ******** ********* assessing *** ********** ********* threats, *********** ********** ****** and ****** **** ******* so **** *** ** reached *******, *** ********** to ******* *********.

**** **** ********* ** various ***** *** ** different **********:

** ******* *** ************ to ********* ** ******* sizes, ********* ***********, ***** businesses, ***-****** *************, *********** institutions *** ************ ********. Our ********* **** * wide ******* ** ********** including **********, ******, ********* services, ********** *** **** sciences, *************, ***** *** entertainment, ******, ****** ********* and ************ ********.

**** **** ******* ** 2002, **** ** *** in ****, ********* *,***+ ********* ** of ** ****. ********** **************** **** ** *** in ****,***** ********** *** ******* *** firm's *******.

***** *** *-****** ***** below ********* ***** *****:

Revenue ** **% *** ** **** *** ** ****

******************* **** ******* **** to $*** *******, ** 35% *** *** ****** *********** ** $** ******* is **** ** **% YoY. ********** *** **********%+ ******* ****** ***** year ***** ***** ****** in ****. *******, **** growth ****** **** ******** inorganic ****** ******* ************.

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Organic ****** ** **% ** ****

***** ***** ******* ****** has **** **% ** 2020, *% ** **** comes ******** **** ************, implying ** ******* ****** of **** **%.**** ****** *** ***** than ***** ******* ****** rates ** **** *** 2018, ***** *** ******* reported ******* ******* ****** of **% *** **% respectively, ************** ** *% ** 2019****% ** *********** ************. ****, ********** states "****** *** **** ***** December **, ****, ********* results *** ********** *** our ******** *** ************* geographies **** *** ************* impacted ** *** *****-** pandemic". **** ***** ***** drop ** ******* ******* growth **** *********.

1,600% ****** ***** ***, **** ***

********** *** * ****** capitalization ** $*.* ******* and ***** *** ******* has **** ********** ***** of *,***% ***** *** in ****, *** ***** price *** **** ******* flat ***.

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Financials | ***** *******, ********* ********, *** ****, *** **** ****

** **** **********

**********'* ***** ******* ****** roughly **** ***, ********* loss *** *** **** both ******** ***** ********* cash **** *********:

  • ***** ******* **** ************ stayed ****** **% ***** 2018
  • ********* ****** ********* **** -$25 ******* ** -$** million, ******* **** *** 2020, ******** * ******** of **% ***
  • *** **** *** ******** to -$** ******* ** 2020, **** -$** ******* in ****, ******** ** increase ** **% ***. This *** ****** ** a $**.* ******* ******** in ******** ******* ******* to *** *******'* *********** senior ***** ** **** as * $** ******* increase ** ********* ******** YoY ********* *** ** increased *********, *** * $10 ******* ******** ** depreciation *** ************ *** offsetting * $** ******* increase ** *******.
  • ********* **** ***** **** been ** ** ******* for *** *******, **** positive ********* **** ***** since ***** ***. *** the **** ****, *** company *** ~$** ******* in ********* **** *****, up ~$* ******* ***, a **% ********. *******, Everbridge *** **** ******* positive ********* **** **** mostly *** ** ********** stock-based ************ *** ************ and ************, **** *****-***** compensation ******** $**.* ******* in ****, $**.* ******* in **** *** $**.** million ** **** *** depreciation *** ************ ******* at $**.* ******* ** 2020, $**.* ******* ** 2019 *** $**.* ******* in ****.

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** **** **********

**********'**** **** ********, ******** operating **** **** *********, gross ****** ********, *** they ******** $*** ******* in **** *** **** equivalents ** ** ** 2021.

  • ********** ******* ***** ****** of **% ** ** 2021, ** **% ***.
  • ********* ****** ********* ** -9% ** ** **** from -**% ** ** 2020, ****** ****** ** an * ***** ******** in ***** *** ********* expenses *** ***** * point ******** ** ***** margin.
  • *** **** **** ******** improved ** -$** ******* in ** ****, **** 12% *** **** * loss ** -$** *******, due ** *** ********* operating ****** *** * $5.8 ******* ******* **** income ***** ** ** 2021 **. $***,*** ** Q1 **** ********** * $2.9 ******* **** ** extinguishment ** *********** *****.
  • ********** ******* ******** ********* cash ***** ** $** million ** ** ****, up $** ******* ***, mostly ********** ** * $10 ******* ******** ** accounts *********** *** $* million ********** ** ************ and ************.

****: ********** ********** ******** depreciation *** ************ ** cost ** ******* *** operating ********, *** **** has ******* ** ** the ******* *** **** comparable **** ***** *********

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Growing ********* ********, *** *** ** ***********

********* ******** **** **% of ******* ** ****, up **** **% ** revenue ** **** *** down **** **% ** 2018. *** *** **** 2019 ****** *** ****** by * *****-***** ******** in *&* ******** ** 21% ** *******. *&* expenses ********* **** *** to ** ******** ** headcount, ******** ** *****-***** compensation *** * $* million ****** ** **** value ** ********** ************* obligation. ***** *** ********* expenses **** ********* ** two ********** ******, ********* due ** ********* *********, increasing ********* ******** ** 45% ** *******. ***** increases **** **** ****** a ***-***** ******** ** R&D ** **% ** revenue.

*** ****** ******** ** FY **** **** ** 2018 *** ****** ** a ******** ** ***** and ********* ***** **** a ******** ** *&* as * ******* ** revenue, *** *** * decrease ** *&*. ***** it ** ********* *&* expenses ** * ******* of ******* *********, *&* expenses ** * ******* of ******* **** **** and ***** ***** *** marketing ********* * ****** from ** **** ** FY ****, ******* ******* growth **** * ******.

** ** ****, ********** marketing *** ***** ****** to **% ** ******* from **% ** ** 2020, *******, *&* ******** remained ** **% ** revenue.

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**********'* ******** ** **** sales *** ********* ******** as **** ** ***** growing *&* ******** *** not ** ***********. **** sales *** ********* ******** were **% ** *******, while **** *** **** numbers **** **% *** 48% ************. ******* ************ high ***** *** ********* expenses ** * ******* of *******, ******* ****** fell **% ** ** 2020 **** **** *** 2018.

********** ********* ***** **** decreasing ****** ** ******* revenue ******* **** ****** is ******** **** ********* and ****** ** *******. Also *********, ** **** G&A ******** *** ******* faster **** *******, *********** the ********* ******* ** cut ***** *** ****** profitable.

***** ****-******* **** ********* often *** ** ****** money ** *** ***** term ** ******** *** growth *** ****** *************, this ** ***** ***** to ** ******* ******* organic ****** ******* ** inorganic ******. *******, ********** has ***** ******* ****** YoY *** **** **** to ****** ********* ******** to ****** **********.

*********

**********'* ********* ** ********** to *** ** **** revenue ***** ** ****, but *** ** **** as **** ** *** competitors:

****, ***** ***** ******** to *** *********** **** a ********* ******* ***** and **** ******* ****** ****** **********'* ******* ****** rate, *** * ****** capitalization ** ~*** ** 2020 *******.

**********, ****** ** ********** as * ****** ********** in ***** *** *******, has* ****** ************** ** 8x **** ** *******.

*******, **** ****** ** Everbridge ** * ****** competitor ** ***** *** filings,*** * ****** ************** of *.** ** ***********.

*****, ** ****** ******* company, ********** ** *** ******* through * **** ******.

*****, **** ***** *** OpenALPR, ***** ***** ****, traffic, *** ******* *************** ******* * ********* ** 65x** **** ********* ******** ****.

**** ** *** ** expert ** *** ******** event ********** *** **** notification **********, ** ***** Everbridge *** * ********* that ** ****** **** their ****** ***********, **** may ** ** **** due ** ****** *********** or **********.

$1.06 ** ******* $* ********* *******, **** $*.** ** *****

********** ******* **** ** cost **** $*.** ** 2018 ** ******* $* of **** ********* *******, then $*.** ** ****** the *******. **** ***** Everbridge ***** ***** ** every **** *** ***** it ** **** **** if ********* *****.

Contracts * ***** ** ******, *** ***%

*** ** **** **** report ******** ******* ** 2 ***** ** ******* and ***% *** ******* retention (***), ***** *** company ******* ** “******* ********* **** ******** customers ********* ********* *******, expansion *******, **********, *** cancels”.

************** *** ****** ***** and ******** **** **** can ************* ******** *** lifetime ***** ** ***** customer ************* ** **** ******* ********* ***** *** benefits ** *** ******* and ****** ************ **** they ** *** ******* utilize *** ** ****** an ********** *** ********.”

Customers *** ******

********** ******* *,*** ********* as ** ** ****,****% ******** ***** ****. These ********* ******* ******, federal ********, ******* *,*** companies ***** ******.

************ ******* ** **** mostly ***** ******* * verticals *** *** **** 'relatively **********', **** ******* that ***** ** **** split *** **% **** corporate *********, **% **** government, *** **% **** healthcare. *** ******* **** states **** ***** ********* on *******, ******** * out ** ** ** Everbridge's **** ********, ****** them *****-******* ************* ****** forward.

*******, *** ******* ******** in ******* ****** ** their ******** *** ************ of ******** ************, ******* penetrating ***** ******** ******** base, ********* ***** *********** ecosystem, ************* ********* *** pursuing ************.**** *** **** **** multiple ***** ** **** new ********* **** ***** portfolio ** ******** *** a ******* *** ** verticals. *** ******* ******** "there ** * *********** opportunity ****** *** ******** customer **** ** ****** their *** ** *** platform" ** *****-******* ******** and ******* ********** *********** from ** ************ ** customers. ********** **** ***** on ****** *** ******** including ** ************* *******. Technology *** ******** ****** through ******** *********** *** acquisition ** ******* ******** Everbridge ***** ** *** for ******.

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************

********** ******** * ********* for * **** ************* of $*** ******* ** 2020 *** * ** far ** ****, ** of **, *** **** $55 *******.********** **** *&* ** part ** ***** ******** and **** **** ****** mid ** **** ******-***** growth ******* ************ ** their** **** ******** ****:

*&* *** ****** **** part ** *** ******** for **********. *** * think ***** ****** ****** about ********* ** *** mid ** **** ****** digit ** *** ****** rate ****** **** *********** and *** **** ****** from *** ***********

** *** ** ****, Everbridge *** ******** *** Sky ************ *** ******** for **** $** *******:

*** *** ************ ***

****** ** **** ****************** *** *** ************ Inc*** $** ******* “*** its **** ******** ******** solutions ******** ** ******* the *******’* *** ***** of ********* ** **** as ****** *********** *** customer *****”

********

*** ** *** ** 2021, ********** *********** ********* ******** ** ** Service **********, ************* *** DevOps ******** ******** **********. This *********** *** ** "**** ************* ******** ** issues **** *******, ******** responders, ***** *********** ****, manage ******* *** ***** continuous *********** **** *********, significantly ********** ** ************'* ability ** ******* **** a ******** ******* ****** to **** ***** ********** running ******.”

** **** ********** ******** acquiring **** ***, ********** Inc., ******** ***** *.*, Techwan **, *** ********* Limited *** $*** *******:

**** ***

********** ************ ****** $** ******* “*** its ********* ********** ****** to ******* *** *******’* CEM ***** ** ********* to ******* ******* *** IoT ************ ** **** as ****** *********** *** customer *****.”

**********, ***.

********** ******** **********, ***. *** $** ******* “to ******* *** *******’* CEM ***** ** ********* to ******* ******* *** Internet ** ****** (“***”) applications ** **** ** market *********** *** ******** reach.”

******** ***** *.*

******** ***** *.*. *** acquired*** $** ******* “*** its **** ********* ********** to ******* *** *******’* public ******* ************ ** well ** ****** *********** and ******** *****.”

******* **

********** **** $**.* ********** ******* **** ******* “*** ********* technology ****** ** ******* the *******’* *** ***** of ********* ** **** as ****** *********** *** customer *****. ** ******** receivable”

********* *******

********** ***************** ********** $** ******* “*** its ******** ************** ******** to ******* *** *******’* CEM ***** ** ********* as **** ** ****** penetration *** ******** *****.”

Risk ** ****** ** ***********

***** ** * **** of ******* **** * disjointed *** ********** ************ if ************ *** *** integrated ****, ********** *** a ******* ******* **** Everbridge.********* ********* **** **** different ********** *** *************, that *** ** **** to ********* *** **** integration *** ** ********* or ****-*********.

****, ********** ***** *** fully *********** * *******'* technology *** ******** ** purchasing ********* **********, ******* to **** ********** *****. Acquisitions *** **** ****** inefficiencies *** ************** *****.

********* ** *** *******, ***** *********** ** acquired **********, ***** ** business **** ***** ********** may **** * *********** amount ** ****. ************ also ***** ****** ***** financial ******** *** ******* requirements, ** ***** ************ in ***** ********* *** annual ******* ** **********, potentially *** ** ************** and ************** *****. *** company **** ***** **** they *** ***** *********** costs ** ***** ******* to ****** ** ********* transactions *** ***** ************ may *** ****** ** successful ************.

Subscriptions **% ** *******, ******* ** ******* *******

************* **** **% ** revenue ** ** **** down *% *** ****** driven ** ****** **** software ********. ************* **** 85% ** ** ****, $230 *******, ******** ** $180 ******* ** **** and $*** ******* ** 2018, ********** *% *** 8% ************.

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Expanding ***************, ** ***** */**** ** *******

*** ** ******* **********’* largest ******, *** ***-** revenue *** ***** *********** YoY, ********** **** **% in **** ** **% in ****. ********** **** international ****** *** **** a ***** *** **** believe ** ***** ********** make ** */*** ** 2/3rds ** ***** *******:

**'** **** ********** ******** out *** ************* **-**-****** expansion *** *** **** few *****, * ****** of ***** ***; *** percent ** ******* **** outside ** *** ****** States *** ** *** single ******. *** ***** now **'** *********** * third. *** ** ***** it ***** ** * half ** *** ****** or **** **** ** our *******. **'** **** investing * *** ** the ******** ******, *** just *** ****** ******* opportunity **** *** **. But **** ****, ** did * ****** ****** of *** ** ****. And **'** *** ****** in *** ****** ****, where **'** **** ******* a *** ** ***** deals *** *** **'** seeding ****. ** ** the *** ****, **'* very ***** ****. ** the ***** ****, **'** proud ** *** ******* that **'** *** *****.

*******

**********'* ****** ************** *** increased ** *,***% *** revenue *** ***** ***% since ***** *** ** 2016, *** *** ******* continues ** **** *****, and ********* ******** ****** high. ** **** *** able ** **** ******** from ******* **** ******* they ***** ****** * profitable *******, *** ******** outpaced *** ******* ****** in ****. ** ********, their ******** ** ********* ~7% ****** ******* *********** each **** ***** **** to * ********** ******* that **** *** ******* as *** ******** ****.

Comments (1)

****** **** ** ********** customer *** **** **** the *****, **** **** some **** ********. **** do **** ******.

****:

*. **** *********

*. ***** **** ** respond ** ******** ********. They **** *********** *** request *******, *** **** to ******* * ********.

****:

*. **** **** ************** to ******* ********* ****** add **

*. **** *** **** forum ** ****** *** ideas ** ******* ********, however, **** ** **** a ***. ******* ******* requests *** ***** ** the *****. **** **** be ***** **** ** other ******* *** ** voted **** ****** **** will ** ******** ** a ******, ******** **** the **** ******** *** item. *** **** ***** way ** *** ********** staff *** ******* *** forum ** ****** *** see *** ***** *** and ****** ** *** it. *******, ***** **** is *** * ****** time ***** *** **** is ******* ** ** when ** **** *** added ** *** *******.

***** ** **** ** outside ** ********** ***** group, ***** **** ** there ****** ********* *** together ************ ** ***** about **********. *********, **'* a **** ***** ** discuss *** ******* *** the ******, *** ********* on *** ** ** something, ** ****** ** complain ***** **********.

* **** *** *** company's *** ** **** listed ***'* **** ** be ****** ***********. **** may ** * ********** of *** ******* *** not *** ******* ********.

**** ** *** ********** competitors **** **** ******** throughout *** *****, **** as ***, **********, *** IDV *********.

Agree
Disagree
Informative
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Funny
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