Brightcove (BCOV) 10-Q 8 Aug 24 2024 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2024	Aug. 05, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Entity Registrant Name	BRIGHTCOVE INC
Entity Central Index Key	0001313275
Current Fiscal Year End Date	--12-31
Document Quarterly Report	true
Document Transition Report	false
Trading Symbol	BCOV
Entity Filer Category	Accelerated Filer
Entity Shell Company	false
Entity Small Business	false
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Interactive Data Current	Yes
Entity Incorporation, State or Country Code	DE
Entity Address, City or Town	Boston
Entity Address, State or Province	MA
Entity Address, Address Line One	281 Summer Street
Entity Address, Postal Zip Code	02210
City Area Code	888
Local Phone Number	882-1880
Entity Tax Identification Number	20-1579162
Entity File Number	001-35429
Title of 12(b) Security	Common Stock
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		44,921,558

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 24,170	$ 18,615
Accounts receivable, net of allowance of $268 and $210 at June 30, 2024 and December 31, 2023, respectively	28,207	33,451
Prepaid expenses	9,525	6,569
Other current assets	10,255	11,764
Total current assets	72,157	70,399
Property and equipment, net	38,882	42,476
Operating lease right-of-use asset	17,896	16,233
Intangible assets, net	4,524	6,368
Goodwill	74,859	74,859
Other assets	4,719	5,772
Total assets	213,037	216,107
Current liabilities:
Accounts payable	6,492	14,422
Accrued expenses	19,918	17,566
Operating lease liability	4,261	4,486
Deferred revenue	68,255	68,155
Total current liabilities	98,926	104,629
Operating lease liability, net of current portion	18,983	17,358
Other liabilities	192	207
Total liabilities	118,101	122,194
Commitments and contingencies (Note 8)
Stockholders' equity:
Undesignated preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued or outstanding
Common stock, $0.001 par value; 100,000,000 shares authorized; 45,047,696 and 43,833,919 shares issued at June 30, 2024 and December 31, 2023, respectively, 44,912,696 and 43,698,919 shares outstanding at June 30, 2024 and December 31, 2023, respectively	45	44
Additional paid-in capital	334,269	328,918
Treasury stock, at cost; 135,000 shares	(871)	(871)
Accumulated other comprehensive loss	(1,894)	(1,236)
Accumulated deficit	(236,613)	(232,942)
Total stockholders' equity	94,936	93,913
Total liabilities and stockholders' equity	$ 213,037	$ 216,107

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Allowance for accounts receivable	$ 268	$ 210
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	45,047,696	43,833,919
Common stock, shares outstanding	44,912,696	43,698,919
Treasury stock, shares	135,000	135,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenue:
Revenue	$ 49,247	$ 50,988	$ 99,728	$ 100,051
Cost of revenue:
Cost of revenue	19,407	18,501	39,029	38,768
Gross profit	29,840	32,487	60,699	61,283
Operating expenses:
Research and development	8,975	10,345	17,824	20,211
Sales and marketing	17,080	19,034	33,534	38,499
General and administrative	8,822	9,405	18,366	19,469
Merger-related	0	45	0	190
Gain on sale of assets	0	0	6,000	0
Total operating expenses	34,877	38,829	63,724	78,369
Loss from operations	(5,037)	(6,342)	(3,025)	(17,086)
Other income (expense), net	49	422	11	(121)
Loss before income taxes	(4,988)	(5,920)	(3,014)	(17,207)
Provision for income taxes	257	317	657	744
Net loss	$ (5,245)	$ (6,237)	$ (3,671)	$ (17,951)
Net loss per share basic	$ (0.12)	$ (0.14)	$ (0.08)	$ (0.42)
Net loss per share diluted	$ (0.12)	$ (0.14)	$ (0.08)	$ (0.42)
Net loss per share-basic and diluted
Weighted-average number of common shares used in computing net loss per share, Basic	44,731	43,059	44,357	42,795
Weighted-average number of common shares used in computing net loss per share, Diluted	44,731	43,059	44,357	42,795
Subscription and Support Revenue [Member]
Revenue:
Revenue	$ 47,397	$ 49,013	$ 95,366	$ 96,115
Cost of revenue:
Cost of revenue	17,277	16,603	34,084	34,868
Professional Services and Other Revenue [Member]
Revenue:
Revenue	1,850	1,975	4,362	3,936
Cost of revenue:
Cost of revenue	$ 2,130	$ 1,898	$ 4,945	$ 3,900

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net Income (Loss)	$ (5,245)	$ (6,237)	$ (3,671)	$ (17,951)
Other comprehensive income:
Foreign currency translation adjustments	(351)	(30)	(658)	158
Comprehensive loss	$ (5,596)	$ (6,267)	$ (4,329)	$ (17,793)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Loss [Member]
Beginning Balance at Dec. 31, 2022		$ 42	$ (871)	$ 314,825	$ (210,056)	$ (1,593)
Beginning Balance, shares at Dec. 31, 2022		42,449,677
Treasury shares, beginning Balance at Dec. 31, 2022			(135,000)
Issuance of common stock upon exercise of stock options and vesting of restricted stock units, net of tax		$ 1		(226)
Issuance of common stock upon exercise of stock options and vesting of restricted stock units, net of tax, shares		926,329
Stock-based compensation expense				7,302
Withholding tax on restricted stock				(31)
Foreign currency translation adjustment	$ 158					158
Net loss					(17,951)
Ending Balance at Jun. 30, 2023	91,600	$ 43	$ (871)	321,870	(228,007)	(1,435)
Ending Balance, shares at Jun. 30, 2023		43,376,006
Treasury stock, Ending Balance at Jun. 30, 2023			(135,000)
Beginning Balance at Mar. 31, 2023		$ 43	$ (871)	318,293	(221,770)	(1,405)
Beginning Balance, shares at Mar. 31, 2023		42,992,371
Treasury shares, beginning Balance at Mar. 31, 2023			(135,000)
Issuance of common stock upon exercise of stock options and vesting of restricted stock units, net of tax		$ 0		0
Issuance of common stock upon exercise of stock options and vesting of restricted stock units, net of tax, shares		383,635
Stock-based compensation expense				3,608
Withholding tax on restricted stock				(31)
Foreign currency translation adjustment	(30)					(30)
Net loss					(6,237)
Ending Balance at Jun. 30, 2023	91,600	$ 43	$ (871)	321,870	(228,007)	(1,435)
Ending Balance, shares at Jun. 30, 2023		43,376,006
Treasury stock, Ending Balance at Jun. 30, 2023			(135,000)
Beginning Balance at Dec. 31, 2023	$ 93,913	$ 44	$ (871)	328,918	(232,942)	(1,236)
Beginning Balance, shares at Dec. 31, 2023		43,833,919
Treasury shares, beginning Balance at Dec. 31, 2023	(135,000)		(135,000)
Issuance of common stock upon exercise of stock options and vesting of restricted stock units, net of tax		$ 1		(1)
Issuance of common stock upon exercise of stock options and vesting of restricted stock units, net of tax, shares		1,213,777
Stock-based compensation expense				5,591
Withholding tax on restricted stock				(239)
Foreign currency translation adjustment	$ (658)					(658)
Net loss					(3,671)
Ending Balance at Jun. 30, 2024	$ 94,936	$ 45	$ (871)	334,269	(236,613)	(1,894)
Ending Balance, shares at Jun. 30, 2024		45,047,696
Treasury stock, Ending Balance at Jun. 30, 2024	(135,000)		(135,000)
Beginning Balance at Mar. 31, 2024		$ 45	$ (871)	331,001	(231,368)	(1,543)
Beginning Balance, shares at Mar. 31, 2024		44,698,991
Treasury shares, beginning Balance at Mar. 31, 2024			(135,000)
Issuance of common stock upon exercise of stock options and vesting of restricted stock units, net of tax		$ 0		0
Issuance of common stock upon exercise of stock options and vesting of restricted stock units, net of tax, shares		348,705
Stock-based compensation expense				3,268
Withholding tax on restricted stock				0
Foreign currency translation adjustment	$ (351)					(351)
Net loss					(5,245)
Ending Balance at Jun. 30, 2024	$ 94,936	$ 45	$ (871)	$ 334,269	$ (236,613)	$ (1,894)
Ending Balance, shares at Jun. 30, 2024		45,047,696
Treasury stock, Ending Balance at Jun. 30, 2024	(135,000)		(135,000)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Operating activities
Net Income (Loss)	$ (3,671)	$ (17,951)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization	10,084	8,008
Stock-based compensation	5,372	7,030
Provision for reserves on accounts receivable	(16)	222
Gain on sale of assets	(6,000)	0
Changes in assets and liabilities:
Accounts receivable	5,087	(4,219)
Prepaid expenses and other current assets	(1,035)	(1,882)
Other assets	970	802
Accounts payable	(7,531)	3,376
Accrued expenses	2,438	(5,474)
Operating leases	(262)	(174)
Deferred revenue	612	8,440
Net cash provided by (used in) operating activities	6,048	(1,822)
Investing activities
Gain on sale of assets	6,000	0
Purchases of property and equipment	(1,157)	(1,328)
Capitalized internal-use software costs	(4,029)	(7,233)
Net cash provided by (used in) investing activities	814	(8,561)
Financing activities
Deferred acquisition payments	0	(1,700)
Other financing activities	(239)	(256)
Net cash used in financing activities	(239)	(1,956)
Effect of exchange rate changes on cash and cash equivalents	(1,068)	(462)
Net increase (decrease) in cash and cash equivalents	5,555	(12,801)
Cash and cash equivalents at beginning of period	18,615	31,894
Cash and cash equivalents at end of period	24,170	19,093
Supplemental disclosure of cash flow information
Cash paid for operating lease liabilities	1,891	1,804
Cash paid for income taxes	$ 731	$ 821

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (5,245)	$ (6,237)	$ (3,671)	$ (17,951)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Non Rule 10b5-1 Arrangement Modified	false
Rule 10b5-1 Arrangement Modified	false

Business Description and Basis

Business Description and Basis of Presentation	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business Description and Basis of Presentation	1. Business Description and Basis of Presentation Business Description Brightcove Inc. (the “Company”) is a leading global provider of cloud services for video which enable its customers to publish, deliver, and distribute video to Internet-connected devices quickly, easily and in a cost-effective and high-quality manner. The Company is headquartered in Boston, Massachusetts and was incorporated in the state of Delaware on August 24, 2004. Basis of Presentation The accompanying interim condensed consolidated financial statements are unaudited. These unaudited condensed consolidated financial statements and notes should be read in conjunction with the audited consolidated financial statements and related notes contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. The accompanying unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, the unaudited condensed consolidated financial statements and notes have been prepared on the same basis as the audited consolidated financial statements for the year ended December 31, 2023 contained in the Company’s Annual Report on Form 10-K and include all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of the Company’s financial position and results of operations for the three and six months ended June 30, 2024 and 2023 . These interim periods are not necessarily indicative of the results to be expected for any other interim period or the full year.

Quarterly Update to Significant

Quarterly Update to Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Quarterly Update to Significant Accounting Policies	2. Quarterly Update to Significant Accounting Policies Allowance for Doubtful Accounts The following details the changes in the Company’s reserve allowance for estimated credit losses for accounts receivable for the period: Allowance for Credit Losses (in thousands) Balance as of December 31, 2023 $ 210 Current provision for credit losses 138 Write-offs against allowance ( 7 ) Recoveries ( 73 ) Balance as of June 30, 2024 $ 268 Estimated credit losses for unbilled trade accounts receivable were not material. Recently Issued and Adopted Accounting Pronouncements In December 2023, the FASB issued Accounting Standards Update No. 2023-09, which improves the transparency and decision usefulness of income tax disclosures, specifically to enhance investors' ability to: (1) understand an entity’s exposure to potential changes in jurisdictional tax legislation and the ensuing risks and opportunities, (2) assess income tax information that affects cash flow forecasts and capital allocation decisions, and (3) identify potential opportunities to increase future cash flows. This guidance will be effective for the Company on January 1, 2025. The Company does not expect the application of this guidance to have a material impact on its consolidated financial statements.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	6 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	3. Revenue from Contracts with Customers The Company primarily derives revenue from the sale of its online video platform, which enables its customers to publish and distribute video to Internet-connected devices quickly, easily and in a cost-effective and high-quality manner. Revenue is derived from three primary sources: (1) the subscription to its technology and related support; (2) hosting, bandwidth and encoding services; and (3) professional services, which include initiation, set-up and customization services. The following summarizes the opening and closing balances of receivables, contract assets and contract liabilities from contracts with customers. (in thousands) Accounts Receivable, net Contract Assets (current) Deferred Revenue (current) Deferred Revenue (non-current) Total Deferred Revenue Balance at December 31, 2023 $ 33,451 $ 1,785 $ 68,155 $ 185 $ 68,340 Balance at June 30, 2024 28,207 1,812 68,255 143 68,398 Revenue recognized for the three and six months ended June 30, 2024 from amounts included in deferred revenue at the beginning of the period was approximately $ 24.8 million and $ 57.3 million, respectively. Revenue recognized for the three and six months ended June 30, 2023 from amounts included in deferred revenue at the beginning of the period was approximately $ 17.0 million and $ 47.6 million, respectively. During the three and six months ended June 30, 2024, the Company did not recognize a material amount of revenue from performance obligations satisfied or partially satisfied in previous periods. The assets recognized for costs to obtain a contract were $ 11.0 million as of June 30, 2024 and $ 13.1 million as of December 31, 2023 and are recorded in other current assets and other assets. Amortization expense recognized for the three and six months ended June 30, 2024 related to costs to obtain a contract was $ 2.7 million and $ 5.8 million, respectively, and is included in operating expenses for the respective period. Amortization expense recognized for the three and six months ended June 30, 2023 related to costs to obtain a contract was $ 2.5 million and $ 5.0 million, respectively, and is included in operating expenses for the respective period. Transaction Price Allocated to Future Performance Obligations As of June 30, 2024, the total aggregate transaction price allocated to the unsatisfied performance obligations for subscription and support contracts was approximately $ 182.2 million, of which approximately $ 123.3 million is expected to be recognized over the next 12 months. The Company expects to recognize substantially all of the remaining unsatisfied performance obligations by April 2029 .

Cash and Cash Equivalents

Cash and Cash Equivalents	6 Months Ended
	Jun. 30, 2024
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents	4. Cash and Cash Equivalents Cash and cash equivalents as of June 30, 2024 consist of the following: June 30, 2024 Description Contracted Cost Fair Market (in thousands) Cash Demand $ 24,125 $ 24,125 Money market funds Demand 45 45 Total cash and cash equivalents $ 24,170 $ 24,170 Cash and cash equivalents as of December 31, 2023 consist of the following: December 31, 2023 Description Contracted Cost Fair Market (in thousands) Cash Demand $ 18,571 $ 18,571 Money market funds Demand 44 44 Total cash and cash equivalents $ 18,615 $ 18,615

Net Loss per Share

Net Loss per Share	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Net Loss per Share	5. Net Loss per Share The Company calculates basic and diluted net loss per common share by dividing the net loss by the weighted average number of common shares outstanding during the period. The Company has excluded other potentially dilutive shares, which includes the effects of the assumed exercise of any outstanding common stock options and the assumed vesting of restricted stock units, where the effect would be anti-dilutive. The following outstanding common shares have been excluded from the computation of dilutive net loss per share as of the periods indicated: Three Months Ended June 30, Six Months Ended June 30, (shares in thousands) 2024 2023 2024 2023 Options outstanding 2,094 2,939 2,094 2,939 Restricted stock units outstanding 7,615 6,198 7,615 6,198

Stock-based Compensation

Stock-based Compensation	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Stock-based Compensation	6. Stock-based Compensation In 2022, the Company adopted the 2022 Inducement Plan (“2022 Plan”). The 2022 Plan provides for the grant of “employment inducement awards” within the meaning of NASDAQ Listing Rule 5635(c)(4). In connection with the commencement of his employment, the Company granted 800,000 restricted stock units to the Company’s Chief Executive Officer under the 2022 Plan, of which 300,000 are subject solely to service-based vesting conditions (the “RSUs”) and 500,000 are subject to both market-based and service-based vesting conditions (the “PSUs”). The RSUs vest in equal annual installments over three years following March 28, 2022. For restricted stock units with market-based performance conditions, the cost of the awards is recognized as the requisite service is rendered by the employee, regardless of when, if ever, the market-based performance conditions are satisfied. The Monte-Carlo simulation model is used to estimate fair value of market-based performance restricted stock units. The Monte-Carlo simulation model calculates multiple potential outcomes for an award and establishes a fair value based on the most likely outcome. Key assumptions for the Monte-Carlo simulation model include the risk-free rate, expected volatility, expected dividends and the correlation coefficient. On March 20, 2023, the Company granted 1,563,688 premium-priced options to some of its employees under its 2021 Stock Incentive Plan. The options have a strike price of $ 7.00 and vest in equal installments over three years following March 10, 2023. The binomial lattice model is used to estimate the fair value of the premium-priced options. The binomial lattice model calculates multiple potential outcomes for option exercises and establishes a fair value based on the most likely outcome. Key assumptions for the binomial lattice model include share price, volatility, the early exercise multiple, risk-free rate, expected dividends, and number of time steps. The weighted-average assumptions utilized to determine the weighted-average fair value of options are presented in the following table: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Weighted-average fair value of options granted during the period $ — $ 1.75 $ — $ 1.75 Risk-free interest rate — 3.4 - 4.8 % — 3.4 - 4.8 % Expected volatility — 47.9 - 55.5 % — 47.9 - 55.5 % Expected dividend yield — — — — As of June 30, 2024, there was $ 22.6 million of unrecognized stock-based compensation expense related to stock-based awards that is expected to be recognized over a weighted-average period of 2.27 years. The following table summarizes stock-based compensation expense as included in the consolidated statement of operations for the three and six months ended June 30, 2024 and 2023: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 (in thousands) Stock-based compensation: Cost of subscription and support revenue $ 122 $ 129 $ 228 $ 267 Cost of professional services and other revenue 71 92 111 192 Research and development 476 551 791 1,239 Sales and marketing 1,183 931 1,537 2,100 General and administrative 1,307 1,784 2,705 3,232 $ 3,159 $ 3,487 $ 5,372 $ 7,030 The following is a summary of the stock option activity during the six months ended June 30, 2024. Number of Weighted-Average Weighted-Average (In Years) Aggregate Outstanding at December 31, 2023 2,247,951 $ 7.73 7.11 $ — Granted — — Exercised — — — Canceled ( 153,746 ) 9.78 Outstanding at June 30, 2024 2,094,205 $ 7.58 6.93 — Exercisable at June 30, 2024 1,143,051 $ 7.98 5.47 $ — (1) The aggregate intrinsic value was calculated based on the positive difference between the fair value of the Company’s common stock on June 30, 2024 of $ 2.37 per share, or the date of exercise, as appropriate, and the exercise price of the underlying options. The following table summarizes the restricted stock unit activity for our service-based awards (“S-RSU”) and our performance-based awards (“P-RSU”) during the six months ended June 30, 2024: S-RSU Shares Weighted Grant Fair Value P-RSU Shares Weighted Grant Fair Value Total RSU Shares Weighted Grant Fair Value Unvested at December 31, 2023 5,102,268 $ 6.04 517,170 $ 4.54 5,619,438 $ 5.90 Granted 4,238,499 1.89 — — 4,238,499 1.89 Vested and issued ( 1,213,777 ) 6.54 — — ( 1,213,777 ) 6.54 Canceled ( 1,012,110 ) 5.39 ( 17,186 ) 18.33 ( 1,029,296 ) 5.60 Unvested at June 30, 2024 7,114,880 $ 3.57 499,984 $ 4.06 7,614,864 $ 3.60

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	7. Income Taxes The income tax expense relates principally to the Company’s foreign operations. The Company is required to compute income tax expense in each jurisdiction in which it operates. This process requires the Company to project its current tax liability and estimate its deferred tax assets and liabilities, including net operating loss (“NOL”) and tax credit carry-forwards. In assessing the ability to realize the net deferred tax assets, management considers whether it is more likely than not that some portion or all of the net deferred tax assets will not be realized. The Company has provided a valuation allowance against its remaining U.S. net deferred tax assets as of June 30, 2024 and December 31, 2023, based upon the level of historical U.S. losses and future projections over the period in which the net deferred tax assets are deductible, at this time, management believes it is more likely than not that the Company will not realize the benefits of these deductible differences.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	8. Commitments and Contingencies Legal Matters The Company, from time to time, is party to litigation arising in the ordinary course of business. Management does not believe that the outcome of these claims will have a material adverse effect on the consolidated financial position, results of operations or cash flows of the Company based on the status of proceedings at this time. Guarantees and Indemnification Obligations The Company typically enters into indemnification agreements in the ordinary course of business. Pursuant to these agreements, the Company indemnifies and agrees to reimburse the indemnified party for losses and costs incurred by the indemnified party, generally the Company’s customers, in connection with patent, copyright, trade secret, or other intellectual property or personal right infringement claims by third parties with respect to the Company’s technology. The term of these indemnification agreements is generally perpetual after execution of the agreement. Based on when customers first subscribe for the Company’s service, the maximum potential amount of future payments the Company could be required to make under certain of these indemnification agreements is unlimited, however, more recently the Company has typically limited the maximum potential value of such potential future payments in relation to the value of the contract. Based on historical experience and information known as of June 30, 2024, the Company has not incurred any costs for the above guarantees and indemnities. The Company has received requests for indemnification from customers in connection with patent infringement suits brought against the customer by a third party. To date, the Company has not agreed that the requested indemnification is required by the Company’s contract with any such customer. In certain circumstances, the Company warrants that its products and services will perform in all material respects in accordance with its standard published specification documentation in effect at the time of delivery of the licensed products and services to the customer for the warranty period of the product or service. To date, the Company has not incurred significant expense under its warranties and, as a result, the Company believes the estimated fair value of these agreements is immaterial.

Debt

Debt	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Debt	9. Debt On November 1, 2023 , the Company entered into a loan modification agreement to an existing amended and restated loan and security agreement with a lender (collectively, the “Loan Agreement”). The Loan Agreement provides for up to a $ 30.0 million asset-backed line of credit (the “Line of Credit”). Borrowings under the Line of Credit are secured by substantially all of the Company’s assets, excluding its intellectual property. Outstanding amounts under the Line of Credit accrue interest at a rate as follows: (i) for prime rate advances, the prime rate plus 225 basis points and (ii) for Secured Overnight Financing Rate (“SOFR”) advances, the greater of (A) the SOFR rate plus 225 basis points and (B) 4 %. Under the Loan Agreement, the Company must comply with certain financial covenants, including maintaining a minimum asset coverage ratio. If there is outstanding principal during any month, the Company must also maintain a minimum net income threshold based on non-GAAP operating measures . Failure to comply with these covenants, or the occurrence of an event of default, could permit the lenders under the Line of Credit to declare all amounts borrowed under the Line of Credit, together with accrued interest and fees, to be immediately due and payable. The Line of Credit agreement will expire on November 1, 2026 . The Company was in compliance with all applicable covenants under the Line of Credit as of June 30, 2024 and there were no borrowings outstanding as of June 30, 2024

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Segment Information	10. Segment Information Geographic Data Total revenue from unaffiliated customers by geographic area, based on the location of the customer, was as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Revenue: North America $ 30,246 $ 30,694 $ 61,210 $ 59,795 Europe 8,165 7,915 16,081 16,102 Japan 4,069 4,928 8,901 10,124 Asia Pacific 6,675 7,366 13,244 13,860 Other 92 85 292 170 Total revenue $ 49,247 $ 50,988 $ 99,728 $ 100,051 North America is comprised of revenue from the United States, Canada and Mexico. Revenue from customers located in the United States was $ 27.7 million and $ 28.6 million for the three months ended June 30, 2024 and 2023 , respectively. Revenue from customers located in the United States was $ 56.4 million and $ 55.5 million for the six months ended June 30, 2024 and 2023, respectively. Other than the United States, no other country contributed more than 10 % of the Company's total revenue for the three and six months ended June 30, 2024 . Other than the United States and Japan, no other country contributed more than 10 % of the Company's total revenue for the three and six months ended June 30, 2023 .

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and intangible assets	11. Goodwill and intangible assets During the three months ended June 30, 2024, indicators of potential impairment were identified, which included a continued decline in the Company's stock price and market capitalization. The Company reviewed its quantitative analysis for its definite-lived intangible assets as of October 31, 2023, that used undiscounted cash flow models, and determined that the assumptions used in the undiscounted cash flow model were still applicable as of June 30, 2024 and that there was no impairment on its definite-lived intangible assets. The Company's significant assumptions in the undiscounted cash flow models include, but are not limited to, its revenue growth rates assumption. As the Company has one reporting unit all of its goodwill was allocated to that unit for the purpose of testing for impairment. To determine fair value of its one reporting unit, the Company engaged a third-party valuation expert and provided the valuation expert with projected financial information prepared by management. The Company took the income approach and used a discounted cash flow model as its valuation technique to measure the fair value of its reporting unit as of June 30, 2024. The result of the goodwill impairment test performed indicated that estimated fair value exceeded the carrying value of the reporting unit. As such, the Company concluded the reporting unit was not at risk of impairment as of the interim testing date. Conditions that could trigger future impairment assessment include, but are not limited to, a significant adverse change in certain agreements, significant underperformance relative to historical or projected future operating results, an economic downturn in customers’ industries, increased competition, a significant reduction in our stock price for a sustained period or a reduction of our market capitalization relative to net book value. These factors could have a negative material impact to the fair value of the Company's reporting unit and could result in a future impairment charge

Restructuring and Other

Restructuring and Other	6 Months Ended
	Jun. 30, 2024
Restructuring and Related Activities [Abstract]
Restructuring and Other	12. Restructuring and Other D uring the three months ended March 31, 2023, the Company took an action to restructure certain parts of the Company with the intent of aligning skills with the Company’s strategy and facilitating cost efficiencies and savings. As a result certain headcount reductions were necessary. The Company incurred approximately $ 0.4 million in restructuring charges in the three months ended March 31, 2023. The restructuring charges reflected post-employment benefits, and the Company did not incur any additional restructuring charges related to this action. As of March 31, 2023, the restructuring charges are reflected in the Condensed Consolidated Statements of Operations as follows: $ 0.2 million - General and Administrative; $ 0.1 million – Research and Development; and $ 0.1 million – Sales and Marketing. The Company paid the entire amount as of March 31, 2023. D uring the three months ended March 31, 2024, the Company took an action to restructure certain parts of the Company with the intent of aligning skills with the Company’s strategy and facilitating cost efficiencies and savings. As a result certain headcount reductions were necessary. The Company incurred approximately $ 0.5 million and $ 2.1 million in restructuring charges in the three and six months ended June 30, 2024, respectively. The restructuring charges reflect post-employment benefits, and the Company does not expect to incur any additional restructuring charges related to this action. As of June 30, 2024, the restructuring charges are reflected in the Condensed Consolidated Statements of Operations as follows: $ 0.2 million - Cost of Revenue; $ 0.5 million - General and Administrative; $ 0.4 million – Research and Development; and $ 1.0 million – Sales and Marketing. The Company paid the entire amount as of June 30, 2024. During the three months ended March 31, 2024, the Company incurred costs of approximately $ 0.2 million relating to mobility taxes owed. During the three months ended June 30, 2024 the Company did no t incur in any additional costs relating to mobility taxes owed.

Gain on Sale of Assets

Gain on Sale of Assets	6 Months Ended
	Jun. 30, 2024
Gain on Sale of Assets [Abstract]
Gain on Sale of Assets	13. Gain on Sale of Assets D uring the three months ended March 31, 2024, the Company sold a certain number of its patents to a third party for $ 6.0 million. The Company retains the perpetual right to use these patents for its current customers. The Company also retained the perpetual right to use these patents in its offerings to prospective customers, with certain time-limited exceptions. The Company has no obligation to maintain or develop the patents. The gain on the sale of patents is reflected within Sale of Patents in the Condensed Consolidated Statements of Operations. During the three months ended June 30, 2024 the Company did no t sell any additional patents.

Business Description and Basi_2

Business Description and Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business Description	Business Description Brightcove Inc. (the “Company”) is a leading global provider of cloud services for video which enable its customers to publish, deliver, and distribute video to Internet-connected devices quickly, easily and in a cost-effective and high-quality manner. The Company is headquartered in Boston, Massachusetts and was incorporated in the state of Delaware on August 24, 2004.
Basis of Presentation	Basis of Presentation The accompanying interim condensed consolidated financial statements are unaudited. These unaudited condensed consolidated financial statements and notes should be read in conjunction with the audited consolidated financial statements and related notes contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. The accompanying unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, the unaudited condensed consolidated financial statements and notes have been prepared on the same basis as the audited consolidated financial statements for the year ended December 31, 2023 contained in the Company’s Annual Report on Form 10-K and include all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of the Company’s financial position and results of operations for the three and six months ended June 30, 2024 and 2023 . These interim periods are not necessarily indicative of the results to be expected for any other interim period or the full year.
Allowance for Doubtful Accounts	Allowance for Doubtful Accounts The following details the changes in the Company’s reserve allowance for estimated credit losses for accounts receivable for the period: Allowance for Credit Losses (in thousands) Balance as of December 31, 2023 $ 210 Current provision for credit losses 138 Write-offs against allowance ( 7 ) Recoveries ( 73 ) Balance as of June 30, 2024 $ 268 Estimated credit losses for unbilled trade accounts receivable were not material.
Recently Issued and Adopted Accounting Pronouncements	Recently Issued and Adopted Accounting Pronouncements In December 2023, the FASB issued Accounting Standards Update No. 2023-09, which improves the transparency and decision usefulness of income tax disclosures, specifically to enhance investors' ability to: (1) understand an entity’s exposure to potential changes in jurisdictional tax legislation and the ensuing risks and opportunities, (2) assess income tax information that affects cash flow forecasts and capital allocation decisions, and (3) identify potential opportunities to increase future cash flows. This guidance will be effective for the Company on January 1, 2025. The Company does not expect the application of this guidance to have a material impact on its consolidated financial statements.

Quarterly Update to Significa_2

Quarterly Update to Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Schedule of Allowance for Doubtful Accounts	The following details the changes in the Company’s reserve allowance for estimated credit losses for accounts receivable for the period: Allowance for Credit Losses (in thousands) Balance as of December 31, 2023 $ 210 Current provision for credit losses 138 Write-offs against allowance ( 7 ) Recoveries ( 73 ) Balance as of June 30, 2024 $ 268

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	6 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Summary of Receivables, Contract Assets and Contract Liabilities from Contracts with Customers	The following summarizes the opening and closing balances of receivables, contract assets and contract liabilities from contracts with customers. (in thousands) Accounts Receivable, net Contract Assets (current) Deferred Revenue (current) Deferred Revenue (non-current) Total Deferred Revenue Balance at December 31, 2023 $ 33,451 $ 1,785 $ 68,155 $ 185 $ 68,340 Balance at June 30, 2024 28,207 1,812 68,255 143 68,398

Cash and Cash Equivalents (Tabl

Cash and Cash Equivalents (Tables)	6 Months Ended
	Jun. 30, 2024
Cash and Cash Equivalents [Abstract]
Schedule of Cash and Cash Equivalents	Cash and cash equivalents as of June 30, 2024 consist of the following: June 30, 2024 Description Contracted Cost Fair Market (in thousands) Cash Demand $ 24,125 $ 24,125 Money market funds Demand 45 45 Total cash and cash equivalents $ 24,170 $ 24,170 Cash and cash equivalents as of December 31, 2023 consist of the following: December 31, 2023 Description Contracted Cost Fair Market (in thousands) Cash Demand $ 18,571 $ 18,571 Money market funds Demand 44 44 Total cash and cash equivalents $ 18,615 $ 18,615

Net Loss per Share (Tables)

Net Loss per Share (Tables)	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Summary of Outstanding Common Shares Excluded from Computation of Dilutive Net Loss Per Share	The following outstanding common shares have been excluded from the computation of dilutive net loss per share as of the periods indicated: Three Months Ended June 30, Six Months Ended June 30, (shares in thousands) 2024 2023 2024 2023 Options outstanding 2,094 2,939 2,094 2,939 Restricted stock units outstanding 7,615 6,198 7,615 6,198

Stock-based Compensation (Table

Stock-based Compensation (Tables)	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Weighted Average Assumptions Utilized	The weighted-average assumptions utilized to determine the weighted-average fair value of options are presented in the following table: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Weighted-average fair value of options granted during the period $ — $ 1.75 $ — $ 1.75 Risk-free interest rate — 3.4 - 4.8 % — 3.4 - 4.8 % Expected volatility — 47.9 - 55.5 % — 47.9 - 55.5 % Expected dividend yield — — — —
Summary of Stock-based Compensation Expense	The following table summarizes stock-based compensation expense as included in the consolidated statement of operations for the three and six months ended June 30, 2024 and 2023: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 (in thousands) Stock-based compensation: Cost of subscription and support revenue $ 122 $ 129 $ 228 $ 267 Cost of professional services and other revenue 71 92 111 192 Research and development 476 551 791 1,239 Sales and marketing 1,183 931 1,537 2,100 General and administrative 1,307 1,784 2,705 3,232 $ 3,159 $ 3,487 $ 5,372 $ 7,030
Summary of Stock Option Activity	The following is a summary of the stock option activity during the six months ended June 30, 2024. Number of Weighted-Average Weighted-Average (In Years) Aggregate Outstanding at December 31, 2023 2,247,951 $ 7.73 7.11 $ — Granted — — Exercised — — — Canceled ( 153,746 ) 9.78 Outstanding at June 30, 2024 2,094,205 $ 7.58 6.93 — Exercisable at June 30, 2024 1,143,051 $ 7.98 5.47 $ — (1) The aggregate intrinsic value was calculated based on the positive difference between the fair value of the Company’s common stock on June 30, 2024 of $ 2.37 per share, or the date of exercise, as appropriate, and the exercise price of the underlying options.
Restricted Stock Units Activity	The following table summarizes the restricted stock unit activity for our service-based awards (“S-RSU”) and our performance-based awards (“P-RSU”) during the six months ended June 30, 2024: S-RSU Shares Weighted Grant Fair Value P-RSU Shares Weighted Grant Fair Value Total RSU Shares Weighted Grant Fair Value Unvested at December 31, 2023 5,102,268 $ 6.04 517,170 $ 4.54 5,619,438 $ 5.90 Granted 4,238,499 1.89 — — 4,238,499 1.89 Vested and issued ( 1,213,777 ) 6.54 — — ( 1,213,777 ) 6.54 Canceled ( 1,012,110 ) 5.39 ( 17,186 ) 18.33 ( 1,029,296 ) 5.60 Unvested at June 30, 2024 7,114,880 $ 3.57 499,984 $ 4.06 7,614,864 $ 3.60

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Total Revenue to Unaffiliated Customers by Geographic Area, Based on Location of Customer	Total revenue from unaffiliated customers by geographic area, based on the location of the customer, was as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Revenue: North America $ 30,246 $ 30,694 $ 61,210 $ 59,795 Europe 8,165 7,915 16,081 16,102 Japan 4,069 4,928 8,901 10,124 Asia Pacific 6,675 7,366 13,244 13,860 Other 92 85 292 170 Total revenue $ 49,247 $ 50,988 $ 99,728 $ 100,051

Quarterly Update to Significa_3

Quarterly Update to Significant Accounting Policies - Schedule of Allowance for Doubtful Accounts (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Credit Loss [Abstract]
Balance as of December 31, 2023	$ 210
Current provision for credit losses	138
Write-offs against allowance	(7)
Recoveries	(73)
Balance as of June 30, 2024	$ 268

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Summary of Receivables, Contract Assets and Contract Liabilities from Contracts with Customers (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Disaggregation of Revenue [Line Items]
Accounts Receivable, net	$ 28,207	$ 33,451
Deferred Revenue (current)	68,255	68,155
Accounting Standards Update 2014-09 [Member]
Disaggregation of Revenue [Line Items]
Accounts Receivable, net	28,207	33,451
Contract Assets (current)	1,812	1,785
Deferred Revenue (current)	68,255	68,155
Deferred Revenue (non- current)	143	185
Total Deferred Revenue	$ 68,398	$ 68,340

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Revenue recognized	$ 24.8	$ 17	$ 57.3	$ 47.6
Assets recognized to obtain a contract	11		11		$ 13.1
Amortization expense recognized to obtain a contract	2.7	$ 2.5	5.8	$ 5
Subscription and Support Revenue [Member]
Unsatisfied performance obligations	$ 182.2		$ 182.2
Revenue, performance obligation, description of timing	2029		2029
Subscription and Support Revenue [Member] | Next Twelve Months [Member]
Unsatisfied performance obligations	$ 123.3		$ 123.3

Cash and Cash Equivalents - Sch

Cash and Cash Equivalents - Schedule of Cash and Cash Equivalents (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Summary of Investment Holdings [Line Items]
Cost	$ 24,170	$ 18,615
Fair Market Value	24,170	18,615
Cash [Member]
Summary of Investment Holdings [Line Items]
Cost	24,125	18,571
Fair Market Value	24,125	18,571
Money Market Funds [Member]
Summary of Investment Holdings [Line Items]
Cost	45	44
Fair Market Value	$ 45	$ 44

Net Loss per Share - Summary of

Net Loss per Share - Summary of Outstanding Common Shares Excluded from Computation of Dilutive Net Loss Per Share (Detail) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Employee Stock Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total options and restricted stock units outstanding	2,094	2,939	2,094	2,939
RSUs [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total options and restricted stock units outstanding	7,615	6,198	7,615	6,198

Stock based Compensation - Addi

Stock based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions			6 Months Ended
	Mar. 20, 2023	Mar. 28, 2022	Jun. 30, 2024
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unrecognized stock-based compensation expense			$ 22.6
Weighted average period			2 years 3 months 7 days
RSUs [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Awards, granted			4,238,499
RSUs [Member] | Service Based Restricted Stock Units [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Awards, granted			4,238,499
Stock Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Options granted			0
Share based compensation arrangement by share based payment award options strike price			$ 0
2022 Inducement Plan [Member] | RSUs [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period		3 years
2022 Inducement Plan [Member] | RSUs [Member] | Chief Executive Officer [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Awards, granted		800,000
2022 Inducement Plan [Member] | RSUs [Member] | Service Based Restricted Stock Units [Member] | Chief Executive Officer [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Awards, granted		300,000
2022 Inducement Plan [Member] | RSUs [Member] | Market-Based and Service-Based Performance Stock Units [Member] | Chief Executive Officer [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Awards, granted		500,000
2021 Stock Incentive Plan [Member] | Stock Option [Member] | Premium Priced Options [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Options granted	1,563,688
Vesting period	3 years
Share based compensation arrangement by share based payment award options strike price	$ 7

Stock Based Compensation - Weig

Stock Based Compensation - Weighted Average Assumptions Utilized (Detail) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Weighted-average fair value of options granted during the period	$ 0	$ 1.75	$ 0	$ 1.75
Risk-free interest rate	0%		0%
Risk-free interest rate minimum		3.40%		3.40%
Risk-free interest rate maximum		4.80%		4.80%
Expected volatility	0%		0%
Expected volatility minimum		47.90%		47.90%
Expected volatility maximum		55.50%		55.50%
Expected dividend yield	0%	0%	0%	0%

Stock Based Compensation - Summ

Stock Based Compensation - Summarizes Stock-based Compensation Expense (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation	$ 3,159	$ 3,487	$ 5,372	$ 7,030
Subscription and Support Revenue [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation	122	129	228	267
Professional Services and Other Revenue [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation	71	92	111	192
Research and Development [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation	476	551	791	1,239
Sales and Marketing [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation	1,183	931	1,537	2,100
General and Administrative [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation	$ 1,307	$ 1,784	$ 2,705	$ 3,232

Stock Based Compensation - Su_2

Stock Based Compensation - Summary of Stock Option Activity (Detail) - Employee Stock Option - USD ($) $ / shares in Units, $ in Thousands		6 Months Ended	12 Months Ended
		Jun. 30, 2024	Dec. 31, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares, Outstanding Beginning Balance		2,247,951
Shares, Granted		0
Shares, Exercised		0
Shares, Cancelled		(153,746)
Shares, Outstanding Ending Balance		2,094,205	2,247,951
Shares, Exercisable		1,143,051
Weighted-Average Exercise Price, Outstanding Beginning Balance		$ 7.73
Weighted-Average Exercise Price, Granted		0
Weighted-Average Exercise Price, Exercised		0
Weighted-Average Exercise Price, Cancelled		9.78
Weighted-Average Exercise Price, Outstanding Ending Balance		7.58	$ 7.73
Weighted-Average Exercise Price, Exercisable		$ 7.98
Weighted-Average Remaining Contractual Term, Outstanding		6 years 11 months 4 days	7 years 1 month 9 days
Weighted-Average Remaining Contractual Term, Exercisable		5 years 5 months 19 days
Aggregate Intrinsic Value, Outstanding	[1]	$ 0
Aggregate Intrinsic Value, Exercised	[1]	0
Aggregate Intrinsic Value, Outstanding	[1]	0	$ 0
Aggregate Intrinsic Value, Exercisable	[1]	$ 0
[1] The aggregate intrinsic value was calculated based on the positive difference between the fair value of the Company’s common stock on June 30, 2024 of $ 2.37 per share, or the date of exercise, as appropriate, and the exercise price of the underlying options.

Stock Based Compensation - Su_3

Stock Based Compensation - Summary of Stock Option Activity (Parenthetical) (Detail)	Jun. 30, 2024 $ / shares
Employee Stock Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Aggregate Intrinsic Value, Estimated per share fair value of common stock	$ 2.37

Stock Based Compensation - Su_4

Stock Based Compensation - Summary of RSU Activity (Detail) - RSUs [Member]	6 Months Ended
	Jun. 30, 2024 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Unvested Shares, Beginning Balance | shares	5,619,438
Granted | shares	4,238,499
Vested and issued | shares	(1,213,777)
Cancelled | shares	(1,029,296)
Unvested Shares, Ending Balance | shares	7,614,864
Weighted Average Grant Date Fair Value, Beginning Balance | $ / shares	$ 5.9
Weighted Average Grant Date Fair Value, Granted | $ / shares	1.89
Weighted Average Grant Date Fair Value, Vested and issued | $ / shares	6.54
Weighted Average Grant Date Fair Value, Cancelled | $ / shares	5.6
Weighted Average Grant Date Fair Value, Ending Balance | $ / shares	$ 3.6
Service Based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Unvested Shares, Beginning Balance | shares	5,102,268
Granted | shares	4,238,499
Vested and issued | shares	(1,213,777)
Cancelled | shares	(1,012,110)
Unvested Shares, Ending Balance | shares	7,114,880
Weighted Average Grant Date Fair Value, Beginning Balance | $ / shares	$ 6.04
Weighted Average Grant Date Fair Value, Granted | $ / shares	1.89
Weighted Average Grant Date Fair Value, Vested and issued | $ / shares	6.54
Weighted Average Grant Date Fair Value, Cancelled | $ / shares	5.39
Weighted Average Grant Date Fair Value, Ending Balance | $ / shares	$ 3.57
Performance Based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Unvested Shares, Beginning Balance | shares	517,170
Cancelled | shares	(17,186)
Unvested Shares, Ending Balance | shares	499,984
Weighted Average Grant Date Fair Value, Beginning Balance | $ / shares	$ 4.54
Weighted Average Grant Date Fair Value, Cancelled | $ / shares	18.33
Weighted Average Grant Date Fair Value, Ending Balance | $ / shares	$ 4.06

Debt - Additional Information (

Debt - Additional Information (Detail) - Secured Line of Credit [Member] - USD ($)		6 Months Ended
	Nov. 01, 2023	Jun. 30, 2024
Debt Instrument [Line Items]
Line of credit, agreement start date	Nov. 01, 2023
Line of credit maximum borrowing capacity	$ 30,000,000
Percentage points added to prime rate or LIBOR	4%
Debt instrument term		If there is outstanding principal during any month, the Company must also maintain a minimum net income threshold based on non-GAAP operating measures
Line of Credit maturity date	Nov. 01, 2026
Borrowings outstanding		$ 0
Prime Rate [Member]
Debt Instrument [Line Items]
Percentage points added to prime rate or LIBOR	225%
Minimum [Member] | SOFR [Member]
Debt Instrument [Line Items]
Percentage points added to prime rate or LIBOR	225%

Segment Information - Total Rev

Segment Information - Total Revenue to Unaffiliated Customers by Geographic Area, Based on Location of Customer (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 49,247	$ 50,988	$ 99,728	$ 100,051
North America [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	30,246	30,694	61,210	59,795
Europe [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	8,165	7,915	16,081	16,102
Japan [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	4,069	4,928	8,901	10,124
Asia Pacific [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	6,675	7,366	13,244	13,860
Other [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 92	$ 85	$ 292	$ 170

Segment Information - Additiona

Segment Information - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues from customers	$ 49,247	$ 50,988	$ 99,728	$ 100,051
Revenue percentage from other country to the company's total revenue	10%	10%	10%	10%
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues from customers	$ 27,700	$ 28,600	$ 56,400	$ 55,500

Goodwill and Intangible Assets

Goodwill and Intangible Assets - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2024 USD ($) Reporting
Goodwill and Intangible Assets Disclosure [Abstract]
Impairment on definite-lived intangible assets | $	$ 0
Number of reporting unit | Reporting	1

Restructuring and Other - Addit

Restructuring and Other - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Mar. 31, 2023	Jun. 30, 2024	Mar. 31, 2024
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 500,000	$ 400,000	$ 2,100,000
Costs related to mobility taxes owed	$ 0		0	$ 200,000
Cost of Revenue [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges			200,000
General and Administrative [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		200,000	500,000
Research and Development [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		100,000	400,000
Sales and Marketing [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		$ 100,000	$ 1,000,000

Gain on Sale of Assets - Additi

Gain on Sale of Assets - Additional Information (Details) - USD ($)	3 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
Gain on Sale of Assets [Abstract]
Sale of patents	$ 0	$ 6,000,000