Everbridge, Inc. (EVBG) is a. international software company providing enterprise software apps that speed up the organizations’ operational response to crucial proceedings in order to Keep People Safe and Businesses Running. Approximately 6,000 international clients trust its Critical Event Management Portfolio to evaluate the threat data quickly, trace people at risk, and timely assistance to responders.
The price of EVBG stock during early trading on February 25, 2022, was last checked to be $28.09. with a drop of 39.32%.
EVBG: Key Financials
On February 24, 2022, EVBG released its key financial indications for the fourth quarter ended December 31, 2021. Some of the notable features are discussed below.
Revenue
Revenue in the fourth quarter of 2021 was $102.8 million versus $75.6 million in the same quarter of 2020. The company observed a gain of 36% in its revenue year-over-year.
EPS
Basic and diluted net loss in Q4 2021 was $10.5 million or $0.27 per share versus $24.5 million or $0.70 per share in the same period in 2020. The company observed an increase in its EPS over the year.
EVBG: Events and Happenings
On February 17, 2021, EVBG, national Public Warning solutions, and Brown & Brown updated on the development of a product. It enabled casualty and property insurance clients to take advantage of proactive forewarning of events that may influence their insured properties. It also included recommendations to reduce disruption, cost, or possible threats to an individual’s safety.
On February 8, 2022, EVBG reported that SCN achieved the impressive Best in Enterprise Resilience nomination. It is based on its performance among peer businesses in meeting the laborious formal standards to become Critical Event Management Certified. Secure Community Network is the collaborator of EVBG.
On February 2, 2022, EVBG and public warning software solutions announced that Alert SouthBay deployed its population alerting portfolio. The program is used to connect with the attendees of the US Football Championship in case of an emergency, disturbance, or sharing important information. On January 4, 2022, EVBG informed about the attendance of its Executive management at the Virtual 24th Annual Needham Growth Conference on January 11, 2022.
Conclusion
EVBG stock down-performed in the last year as the pandemic was at its peak and it reduced the economic growth of the companies. The most recent early trading fall of the stock is likely the outcome of its financial statement release as it didn’t meet the analysts’ expectations.
