Revenues at Brightcove have been on the rise from $24.5 million in 2008 to $43.7 million in 2010. Now, they’re ready to take the whole company public as they have filed for an IPO, though also posted a loss during the first half of the year on $28.4 million in revenue. You can view the filing here.
Alright, so on that note they would be on par to hit some $56.8 million in revenue for the year. However, it’s possible the costs are running high since the loss was some $9.7 million so far on the year. Now this isn’t the first time they’ve posted a loss, in fact, they expect that to continue until the end of next year.
However, they were streaming 700 million videos a month in May, but I’m unable to find them in either the comScore or the Nielsen video streaming numbers so it might just be an internal number.
The company estimates that over the next few years the OVP industry will more than double to $5.8 billion in 2015, however, they’re only pulling in $44 million or so a year so it doesn’t seem like a good time for an IPO to me.
Or does it? They were just issued a major patent for online distribution of content which could then turn into the basis for many OVPs, meaning there might be a series patent disputes and claims. The Brightcove patent was filed in 2005 and according to some reports, “describes some of the basic features of all professional online video players, such as customizable players, digital rights management and syndication.”
I smell a storm a brewing.