Everbridge Inc EVBG:NASDAQ

Everbridge (EVBG) reported an adjusted loss of $0.02 per share in Q1 versus a profit of $0.18 per share in the same quarter last year. The Capital IQ consensus was for a loss of $0.18.

Total revenue increased to $100.4 million from $82.2 million last year, surpassing the Street's $98.8 million view.

For Q2, the company forecasts a non-GAAP loss to be between $0.11 and $0.13 per share on revenue in the range of $101.8 million to $102.2 million.

This compares to consensus estimates for a profit of $0.02 per share on revenue of $102.0 million.

For 2022, the company raised its EPS guidance to $0.23 to $0.27 from its prior guidance of $0.22 to $0.26 per share.

Revenue expectations were moved to between $428.2 million to $432.8 million from $426 million to $432 million previously projected.

This compares to the consensus estimate for 2022 of $0.24 in earnings on $428.6 million in revenue.

The stock fell 2.3% in after-hours trade.

Price: 35, Change: -0.82, Percent Change: -2.29