Brightcove (BCOV) 10-Q 24 Jul 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Jul. 19, 2019
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Entity Registrant Name	BRIGHTCOVE INC.
Entity Central Index Key	0001313275
Current Fiscal Year End Date	--12-31
Trading Symbol	BCOV
Entity Filer Category	Accelerated Filer
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		38,278,656
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Incorporation, State or Country Code	DE
Title of 12(b) Security	Common Stock
Security Exchange Name	NASDAQ
Entity Address, State or Province	MA

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 21,209	$ 29,306
Accounts receivable, net of allowance of $249 and $190 at June 30, 2019 and December 31, 2018, respectively	33,576	23,264
Prepaid expenses	6,437	4,866
Other current assets	8,315	7,070
Total current assets	69,537	64,506
Property and equipment, net	9,976	9,703
Operating lease right-of-use asset	17,171
Intangible assets, net	14,387	5,919
Goodwill	55,537	50,776
Other assets	2,946	2,452
Total assets	169,554	133,356
Current liabilities:
Accounts payable	7,061	7,712
Accrued expenses	21,807	13,982
Operating lease liability	6,374
Deferred revenue	49,842	39,846
Total current liabilities	85,084	61,540
Operating lease liability, net of current portion	11,899
Other liabilities	474	1,202
Total liabilities	97,457	62,742
Commitments and contingencies (Note 11)
Stockholders' equity:
Undesignated preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued
Common stock, $0.001 par value; 100,000,000 shares authorized; 38,219,843 and 36,752,469 shares issued at June 30, 2019 and December 31, 2018, respectively	38	37
Additional paid-in capital	264,765	251,122
Treasury stock, at cost; 135,000 shares	(871)	(871)
Accumulated other comprehensive loss	(892)	(952)
Accumulated deficit	(190,943)	(178,722)
Total stockholders' equity	72,097	70,614
Total liabilities and stockholders' equity	$ 169,554	$ 133,356

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Allowance for accounts receivable	$ 249	$ 190
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	38,219,843	36,752,469
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, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenue:
Revenue	$ 47,582	$ 41,654	$ 89,418	$ 82,848
Cost of revenue:
Cost of revenue	21,609	16,618	38,355	33,829
Gross profit	25,973	25,036	51,063	49,019
Operating expenses:
Research and development	7,629	7,743	15,023	15,518
Sales and marketing	16,827	15,265	31,083	28,499
General and administrative	5,979	7,045	11,240	12,435
Merger-related	2,620		5,552
Total operating expenses	33,055	30,053	62,898	56,452
Loss from operations	(7,082)	(5,017)	(11,835)	(7,433)
Other income (expense), net	19	(481)	(36)	(210)
Loss before income taxes	(7,063)	(5,498)	(11,871)	(7,643)
Provision for income taxes	175	154	350	266
Net loss	$ (7,238)	$ (5,652)	$ (12,221)	$ (7,909)
Net loss per share - basic and diluted	$ (0.19)	$ (0.16)	$ (0.33)	$ (0.22)
Weighted-average number of common shares used in computing net loss per share	37,966,207	35,543,307	37,322,646	35,234,974
Subscription and Support Revenue [Member]
Revenue:
Revenue	$ 44,891	$ 37,867	$ 83,768	$ 75,734
Cost of revenue:
Cost of revenue	19,381	13,125	33,551	26,581
Professional Services and Other Revenue [Member]
Revenue:
Revenue	2,691	3,787	5,650	7,114
Cost of revenue:
Cost of revenue	$ 2,228	$ 3,493	$ 4,804	$ 7,248

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Statement of Comprehensive Income [Abstract]
Net loss	$ (7,238)	$ (5,652)	$ (12,221)	$ (7,909)
Other comprehensive income:
Foreign currency translation adjustments	39	(320)	60	(73)
Comprehensive loss	$ (7,199)	$ (5,972)	$ (12,161)	$ (7,982)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	Accumulated Other Comprehensive Loss [Member]	Accumulated Deficit [Member]
Beginning Balance at Dec. 31, 2017		$ 35	$ 238,700	$ (871)	$ (809)	$ (170,299)
Beginning Balance, shares at Dec. 31, 2017		34,933,408
Treasury shares, beginning Balance at Dec. 31, 2017				(135,000)
Issuance of common stock upon exercise of stock options and pursuant to restricted stock units		$ 1	4,220
IIssuance of common stock upon exercise of stock options and pursuant to restricted stock units, shares		1,119,483
Withholding tax on restricted stock units vesting			(113)
Stock-based compensation expense			3,610
Impact of adoption of ASU 2014-09 as of January 1, 2018 at Dec. 31, 2017						5,605
Foreign currency translation adjustment	$ (73)				(73)
Net loss						(7,909)
Ending Balance at Jun. 30, 2018	72,097	$ 36	246,417	$ (871)	(882)	(172,603)
Ending Balance, shares at Jun. 30, 2018		36,052,891
Treasury stock, Ending Balance at Jun. 30, 2018				(135,000)
Beginning Balance at Mar. 31, 2018		$ 35	241,109	$ (871)	(562)	(166,951)
Beginning Balance, shares at Mar. 31, 2018		35,118,049
Treasury shares, beginning Balance at Mar. 31, 2018				(135,000)
Issuance of common stock upon exercise of stock options and pursuant to restricted stock units		$ 1	3,537
IIssuance of common stock upon exercise of stock options and pursuant to restricted stock units, shares		934,842
Withholding tax on restricted stock units vesting			(107)
Stock-based compensation expense			1,878
Foreign currency translation adjustment	(320)				(320)
Net loss						(5,652)
Ending Balance at Jun. 30, 2018	72,097	$ 36	246,417	$ (871)	(882)	(172,603)
Ending Balance, shares at Jun. 30, 2018		36,052,891
Treasury stock, Ending Balance at Jun. 30, 2018				(135,000)
Beginning Balance at Dec. 31, 2018	$ 70,614	$ 37	251,122	$ (871)	(952)	(178,722)
Beginning Balance, shares at Dec. 31, 2018		36,752,469
Treasury shares, beginning Balance at Dec. 31, 2018	(135,000)			(135,000)
Issuance of common stock upon exercise of stock options and pursuant to restricted stock units			1,843
IIssuance of common stock upon exercise of stock options and pursuant to restricted stock units, shares		410,611
Issuance of common stock upon acquisition		$ 1	8,865
Issuance of common stock upon acquisition (shares)		1,056,763
Stock-based compensation expense			2,935
Foreign currency translation adjustment	$ 60				60
Net loss						(12,221)
Ending Balance at Jun. 30, 2019	$ 72,097	$ 38	264,765	$ (871)	(892)	(190,943)
Ending Balance, shares at Jun. 30, 2019		38,219,843
Treasury stock, Ending Balance at Jun. 30, 2019	135,000			(135,000)
Beginning Balance at Mar. 31, 2019		$ 37	253,244	$ (871)	(931)	(183,705)
Beginning Balance, shares at Mar. 31, 2019		36,908,051
Treasury shares, beginning Balance at Mar. 31, 2019				(135,000)
Issuance of common stock upon exercise of stock options and pursuant to restricted stock units			1,218
IIssuance of common stock upon exercise of stock options and pursuant to restricted stock units, shares		255,029
Issuance of common stock upon acquisition		$ 1	8,865
Issuance of common stock upon acquisition (shares)		1,056,763
Stock-based compensation expense			1,438
Foreign currency translation adjustment	$ 39				39
Net loss						(7,238)
Ending Balance at Jun. 30, 2019	$ 72,097	$ 38	$ 264,765	$ (871)	$ (892)	$ (190,943)
Ending Balance, shares at Jun. 30, 2019		38,219,843
Treasury stock, Ending Balance at Jun. 30, 2019	135,000			(135,000)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Operating activities
Net loss	$ (12,221)	$ (7,909)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization	3,934	3,434
Stock-based compensation	2,783	3,500
Provision for reserves on accounts receivable	253	23
Changes in assets and liabilities:
Accounts receivable	(7,688)	296
Prepaid expenses and other current assets	(1,892)	(488)
Other assets	(435)	(276)
Accounts payable	58	924
Accrued expenses	7,924	(62)
Operating leases	(162)
Deferred revenue	3,565	812
Net cash (used in) provided by operating activities	(3,881)	254
Investing activities
Cash paid for acquisition, net of cash acquired	(3,300)
Purchases of property and equipment	(401)	(958)
Capitalized internal-use software costs	(2,372)	(1,813)
Net cash used in investing activities	(6,073)	(2,771)
Financing activities
Proceeds from exercise of stock options	1,843	4,221
Other financing activities	(117)	(332)
Net cash provided by financing activities	1,726	3,889
Effect of exchange rate changes on cash and cash equivalents	131	(51)
Net (decrease) increase in cash and cash equivalents	(8,097)	1,321
Cash and cash equivalents at beginning of period	29,306	26,132
Cash and cash equivalents at end of period	21,209	$ 27,453
Supplemental disclosure of cash flow information
Cash paid for operating lease liabilities	1,814
Supplemental disclosure of non-cash investing activities
Fair value of shares issued for acquisition of a business	$ 8,866

Business Description and Basis

Business Description and Basis of Presentation	6 Months Ended
	Jun. 30, 2019
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 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. At June 30, 2019, the Company had twelve wholly-owned subsidiaries: Brightcove UK Ltd, Brightcove Singapore Pte. Ltd., Brightcove Korea, Brightcove Australia Pty Ltd, Brightcove Holdings, Inc., Brightcove Kabushiki Kaisha (Brightcove KK), Zencoder Inc. (Zencoder), Brightcove FZ-LLC, Cacti Acquisition LLC, Brightcove India Pte. Ltd, Brightcove S. de R.L. de C.V. and Othello Acquisition Corporation. Basis of Presentation The accompanying interim condensed consolidated financial statements are unaudited. These condensed consolidated financial statements and notes should be read in conjunction with the audited consolidated financial statements and related notes, together with Management’s Discussion and Analysis of Financial Condition and Results of Operations, contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018. 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, other than the changes to accounting for leases as described in Note 14, 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, 2018 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 for the three and six months ended June 30, 2019 and 2018. These interim periods are not necessarily indicative of the results to be expected for any other interim period or the full year. The Company considers events or transactions that occur after the balance sheet date but prior to the issuance of the financial statements to provide additional evidence for certain estimates or to identify matters that require additional disclosure. Subsequent events have been evaluated as required. The Company has evaluated all subsequent events and determined that there are no material recognized or unrecognized subsequent events requiring disclosure, other than those disclosed in this Report on Form 10-Q. The accompanying condensed consolidated financial statements reflect the application of certain significant accounting policies as described below and elsewhere in these notes to the condensed consolidated financial statements. As described in Management’s Discussion and Analysis, the Company implemented a significant accounting policy upon the adoption of Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842), Amendments to the FASB Accounting Standards Codification (“ASC 842”). As of June 30, 2019, other than the changes to leases, the Company’s significant accounting policies and estimates, which are detailed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018, have not changed.

Business Combinations

Business Combinations	6 Months Ended
	Jun. 30, 2019
Business Combinations [Abstract]
Business Combination Disclosure	2. Business Combinations On April 1, 2019, pursuant to an Asset Purchase and Sale Agreement (the “Purchase Agreement”), the Company completed its acquisition of the online video platform assets of Ooyala, Inc. and certain of its subsidiaries (“Ooyala”), a provider of cloud video technology, in exchange for common stock of the Company and cash (the “Acquisition”). At the closing, the Company issued 1,056,763 unregistered shares of common stock of the Company valued at $8.9 million and paid $3.3 million in cash, which comprised $5.75 million of purchase consideration less $2.4 million of working capital adjustments. Pursuant to the Purchase Agreement, approximately $2.65 million of the cash consideration was placed into an escrow account to secure payment of any claims of indemnification for breaches or inaccuracies in the Sellers’ representations and warranties, covenants and agreements. The Acquisition was accounted for using the purchase method of accounting in accordance with Accounting Standards Codification 805 — Business Combinations The process for estimating the fair values of identifiable intangible assets and certain tangible assets requires the use of significant estimates and assumptions, including estimating future cash flows and developing appropriate discount rates. Definitive allocations are being performed and finalized based on certain valuations and other studies performed by the Company with the services of outside valuation specialists. During the three and six months ended June 30, 2019, the Company incurred $2.6 million and $5.6 million, respectively, of merger-related costs related to the Acquisition. The excess of the purchase price over the estimated amounts of net assets as of the effective date of the acquisition was allocated to goodwill in accordance with the accounting guidance. The factors contributing to the recognition of the amount of goodwill are based on several strategic and synergistic benefits that are expected to be realized from the Acquisition. These benefits include the acquired workforce and with the Company’s direct sales force and larger channel coverage, the Company anticipates significant cross-selling opportunities. The goodwill is expected to be currently deductible for tax purposes. The total purchase price for Ooyala has been allocated as follows: Accounts receivable $ 2,904 Other tangible assets 620 Identifiable intangible assets 9,765 Goodwill 4,762 Deferred revenue (6,475 ) Other liabilites (206 ) Total estimated purchase price $ 11,370 The following are the identifiable intangible assets acquired and their respective useful lives, as determined based on preliminary valuations: Amount Useful Life Customer relationships $ 9,127 7 Developed technology 638 1 Total $ 9,765 The preliminary fair value of the intangible assets has been estimated using the income approach in which the after-tax cash flows are discounted to present value. The cash flows are based on estimates used to price the transaction, and the discount rates applied were benchmarked with reference to the implied rate of return from the transaction model as well as the weighted average cost of capital. The estimated remaining amortization expense for the remainder of 2019 and for each of the five succeeding years and thereafter is as follows: Year Ending December 31, Amount 2019 $ 1,456 2020 1,463 2021 1,304 2022 1,304 2023 1,304 2024 and thereafter 2,934 Total $ 9,765 Pro Forma Financial Information The unaudited financial information in the table below summarizes the combined results of operations of the Company and Ooyala, on a pro forma basis, as though the Company had acquired Ooyala at the beginning of the periods presented. The pro forma information for all periods presented also includes the effects of business combination accounting resulting from the acquisition. Three Months Ended June 30, Six Months Ended June 30, 2018 2019 2018 Total revenue $ 49,269 $ 97,033 $ 98,078 Net loss (6,965 ) (10,762 ) (7,936 ) Earnings per share - basic and diluted (0.19 ) (0.28 ) (0.22 )

Revenue from Contracts with Cus

Revenue from Contracts with Customers	6 Months Ended
	Jun. 30, 2019
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. Accounts Receivable, net Contract Assets (current) Deferred Revenue (current) Deferred Revenue (non-current) Total Deferred Revenue Balance at December 31, 2018 $ 23,264 $ 1,640 $ 39,846 $ 146 $ 39,992 Balance at June 30, 2019 33,576 2,208 49,842 283 50,125 Revenue recognized during the three and six months ended June 30, 2019 from amounts included in deferred revenue at the beginning of the period was approximately $11.6 million and $31.2 million, respectively. During the three and six months ended June 30, 2019, the Company did not recognize revenue from performance obligations satisfied or partially satisfied in previous periods. The assets recognized for costs to obtain a contract were $5.9 million as of both June 30, 2019 and December 31, 2018. related to costs to obtain a contract was $2.0 million and $3.8 million, respectively. Transaction Price Allocated to Future Performance Obligations As of June 30, 2019, the total aggregate transaction price allocated to the unsatisfied performance obligations for subscription and support contracts was approximately $134.2 million, of which approximately $107.6 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 December 2022.

Concentration of Credit Risk

Concentration of Credit Risk	6 Months Ended
	Jun. 30, 2019
Risks and Uncertainties [Abstract]
Concentration of Credit Risk	4. Concentration of Credit Risk The Company has no significant off-balance sheet risk, such as foreign exchange contracts, option contracts, or other foreign hedging arrangements. Financial instruments that potentially expose the Company to concentrations of credit risk consist primarily of cash, cash equivalents and trade accounts receivable. The Company maintains its cash and cash equivalents principally with accredited financial institutions of high credit standing. Although the Company deposits its cash with multiple financial institutions, its deposits, at times, may exceed federally insured limits. The Company generally has not experienced any material losses related to receivables from individual customers, or groups of customers. The Company does not require collateral. Due to these factors, no additional credit risk beyond amounts provided for collection losses is believed by management to be probable in the Company’s accounts receivable. At June 30, 2019 and December 31, 2018, no individual customer accounted for 10% or more of accounts receivable, net. For the three and six months ended June 30, 2019 and 2018, no individual customer accounted for 10% or more of total revenue.

Concentration of Other Risks

Concentration of Other Risks	6 Months Ended
	Jun. 30, 2019
Text Block [Abstract]
Concentration of Other Risks	5. Concentration of Other Risks The Company is dependent on certain content delivery network providers who provide digital media delivery functionality enabling the Company’s on-demand application service to function as intended for the Company’s customers and ultimate end-users. The disruption of these services could have a material adverse effect on the Company’s business, financial position, and results of operations.

Cash and Cash Equivalents

Cash and Cash Equivalents	6 Months Ended
	Jun. 30, 2019
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents	6. Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less at the date of purchase to be cash equivalents. Management determines the appropriate classification of investments at the time of purchase, and re-evaluates such determination at each balance sheet date. The Company did not have any short-term or long-term investments at June 30, 2019 or December 31, 2018. Cash and cash equivalents primarily consist of cash on deposit with banks and amounts held in interest-bearing money market accounts. Cash equivalents are carried at cost, which approximates their fair market value. Cash and cash equivalents as of June 30, 2019 consist of the following: June 30, 2019 Description Contracted Maturity Amortized Cost Fair Market Value Balance Per Balance Sheet Cash Demand $ 21,064 $ 21,064 $ 21,064 Money market funds Demand 145 145 145 Total cash and cash equivalents $ 21,209 $ 21,209 $ 21,209 Cash and cash equivalents as of December 31, 2018 consist of the following: December 31, 2018 Description Contracted Maturity Amortized Cost Fair Market Value Balance Per Balance Sheet Cash Demand $ 21,007 $ 21,007 $ 21,007 Money market funds Demand 8,299 8,299 8,299 Total cash and cash equivalents $ 29,306 $ 29,306 $ 29,306

Net Loss per Share

Net Loss per Share	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Net Loss per Share	7. 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 include warrants to purchase common stock and outstanding common stock options and unvested restricted stock units, from the weighted-average number of common shares outstanding as their inclusion in the computation for all periods would be anti-dilutive due to net losses incurred. The following outstanding common shares have been excluded from the computation of dilutive net loss per share as of June 30, 2019 and 2018 Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Options outstanding 2,632 3,656 2,638 3,710 Restricted stock units outstanding 3,244 2,458 3,178 2,330

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	8. Fair Value of Financial Instruments The following tables set forth the Company’s financial instruments carried at fair value using the lowest level of input as of June 30, 2019 and December 31, 2018: June 30, 2019 Quoted Prices in Active Markets for Identical Items (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Assets: Money market funds $ 145 $ — $ — $ 145 Total assets $ 145 $ — $ — $ 145 December 31, 2018 Quoted Prices in Active Markets for Identical Items (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Assets: Money market funds $ 8,299 $ — $ — $ 8,299 Total assets $ 8,299 $ — $ — $ 8,299

Stock-based Compensation

Stock-based Compensation	6 Months Ended
	Jun. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based Compensation	9. Stock-based Compensation The weighted-average fair value of options granted during the three months ended June 30, 2019 and 2018 was $4.53 and $4.27 per share, respectively. The weighted-average fair value of options granted during the six months ended June 30, 2019 and 2018 was $4.36 and $4.22 per share, respectively. The weighted-average assumptions utilized to determine such values are presented in the following table: Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Expected life in years 6.1 6.1 6.2 6.1 Risk-free interest rate 2.38 % 2.88 % 2.42 % 2.87 % Volatility 44 % 43 % 44 % 43 % Dividend yield — — — — The Company recorded stock-based compensation expense of $1,359 and $1,832 for the three months ended June 30, 2019 and 2018, respectively. The Company recorded stock-based compensation expense of $2,783 and $3,500 for the six months ended June 30, 2019 and 2018, respectively. As of June 30, 2019, there was $17,525 of unrecognized stock-based compensation expense related to stock-based awards that is expected to be recognized over a weighted-average period of 2.80 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, 2019 and 2018: Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Stock-based compensation included in above line items: Cost of subscription and support revenue $ 95 $ 119 $ 214 $ 233 Cost of professional services and other revenue 68 46 152 86 Research and development 269 303 532 649 Sales and marketing 351 783 809 1,448 General and administrative 576 581 1,076 1,084 $ 1,359 $ 1,832 $ 2,783 $ 3,500 The following is a summary of the stock option activity during the six months ended June 30, 2019. Number of Shares Weighted- Average Exercise Price Weighted- Average Remaining Contractual Term (In Years) Aggregate Intrinsic Value (1) Outstanding at December 31, 2018 2,737,655 $ 8.57 Granted 546,038 9.58 Exercised (260,295 ) 7.08 $ 555 Canceled (396,875 ) 9.54 Outstanding at June 30, 2019 2,626,523 $ 8.78 7.42 $ 4,423 Exercisable at June 30, 2019 1,185,526 $ 8.40 5.48 $ 2,609 (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, 2019 of $10.33 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 during the six months ended June 30, 2019: Shares Weighted Average Grant Date Fair Value Unvested by December 31, 2018 3,033,582 $ 8.07 Granted 809,590 9.44 Vested and issued (150,316 ) 8.05 Canceled (505,550 ) 7.87 Unvested by June 30, 2019 3,187,306 $ 8.42

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	10. Income Taxes For the three months ended June 30, 2019 and 2018, the Company recorded income tax expense of $175 and $154, respectively. For the six months ended June 30, 2019 and 2018, the Company recorded income tax expense of $350 and $266, respectively. 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 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, 2019 and December 31, 2018, as 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. The Company maintains net deferred tax liabilities for temporary differences related to its foreign subsidiaries.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	11. Commitments and Contingencies Legal Matters On January 30, 2019, Uniloc 2017 LLC (“Uniloc”) filed a complaint against the Company and its subsidiary, Brightcove Holdings, Inc. in the United States District Court for the District of Delaware. The complaint alleges that the Company infringed four patents and seeks monetary damages and other relief. The Company answered the complaint on March 25, 2019 and Uniloc filed an amended complaint on April 9, 2019. The Company filed an answer to the amended complaint on April 23, 2019. The Company cannot yet determine whether it is probable that a loss will be incurred in connection with this complaint, nor can the Company reasonably estimate the potential loss, if any. On or about June 24, 2019, Dynamic Data Technologies, LLC (“DDT”) filed a complaint against the Company and its subsidiary, Brightcove Holdings, Inc., in the United States District Court for the District of Delaware. The complaint alleges that the Company infringed patents owned by DDT and seeks monetary damages and other relief. The Company has not yet answered or otherwise responded to the complaint. The Company cannot yet determine whether it is probable that a loss will be incurred in connection with this complaint, nor can the Company reasonably estimate the potential loss, if any. 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, 2019, 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, 2019
Debt Disclosure [Abstract]
Debt	12. Debt On December 14, 2018, the Company entered into an amended and restated loan and security agreement with a lender (the “Loan Agreement”) providing for up to a $30.0 million asset based line of credit (the “Line of Credit”). Under the Line of Credit, the Company can borrow up to $30.0 million. 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 greater of (A) the prime rate and (B) 4%, and (ii) for LIBOR advances, the greater of (A) the LIBOR 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 the outstanding principal during any month is at least $15.0 million, 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 Company was in compliance with all covenants under the Line of Credit as of June 30, 2019 and there are no borrowings outstanding as of June 30, 2019.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Segment Information	13. 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, 2019 2018 2019 2018 Revenue: North America $ 25,708 $ 22,839 $ 47,521 $ 45,517 Europe 8,167 6,734 14,636 13,047 Japan 5,146 5,468 11,334 10,855 Asia Pacific 8,091 6,456 15,363 13,167 Other 470 157 564 262 Total revenue $ 47,582 $ 41,654 $ 89,418 $ 82,848 North America is comprised of revenue from the United States, Canada and Mexico. Revenue from customers located in the United States was $23,966 and $21,570 during the three months ended June 30, 2019 and 2018, respectively. Revenue from customers located in the United States was $44,372 and $42,824 during the six months ended June 30, 2019 and 2018, respectively. Other than the United States and Japan, no other country contributed more than 10% of the Company’s total revenue during the three and six months ended June 30, 2019 and 2018. As of June 30, 2019 and December 31, 2018, property and equipment at locations outside the U.S. was not material.

Recently Issued and Adopted Acc

Recently Issued and Adopted Accounting Standards	6 Months Ended
	Jun. 30, 2019
Accounting Changes and Error Corrections [Abstract]
Recently Issued and Adopted Accounting Standards	14. Recently Issued and Adopted Accounting Standards Effective January 1, 2019, the Company adopted ASC 842, which replaced the existing guidance for leases using the transition method introduced by ASU 2018-11, which adjusts the January 1, 2019 balance for the cumulative effects of the change in accounting. Under ASC 842, a right-of-use asset and lease liability is recorded for all leases and the statement of operations reflects the lease expense for operating leases and amortization/interest expense for financing leases. The balance sheet amount recorded for existing leases at the date of adoption of ASC 842 is calculated using the applicable incremental borrowing rate at the date of adoption. The adoption of the new standard resulted in the recording of right-of-use assets and lease liabilities of $19.6 million and $20.9 million, respectively, as of January 1, 2019. Additionally, the Company reversed its deferred rent liability of $1.3 million as a result of the adoption. The adoption of the lease standard did not result in a cumulative catch-up adjustment to the opening balance of retained earnings. The new standard provided various practical expedients, which were assessed to determine the ultimate impact of the new standard upon adoption. The Company elected the package of practical expedients, which permits the Company to not reassess (1) whether any expired or existing contracts are or contain leases, (2) the lease classification for any expired or existing leases and (3) any initial direct costs for any existing leases as of the effective date. The Company also elected the practical expedients to not apply the recognition requirements in the standard to a lease that at commencement date has a lease term of twelve months or less and does not contain a purchase option that it is reasonably certain to exercise and to not separate lease and related non-lease components. The Company leases its facilities under non-cancelable operating leases. Right-of-use assets represent the right to use an underlying asset for the lease term, and lease liabilities represent the obligation to make lease payments arising from the lease. Right-of-use assets and lease liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. As most of the Company’s leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. Many of the Company’s lessee agreements include options to extend the lease, which are not included in the minimum lease terms unless they are reasonably certain to be exercised. The Company’s operating lease expense was $1,913 and $3,820 for the three and six months ended June 30, 2019. During the three months ended June 30, 2019 the Company entered into a new lease in its Singapore location with a lease liability of $779. The weighted-average remaining non-cancelable lease term for our operating leases was three years at June 30, 2019. The weighted-average discount rate was 4.0% at June 30, 2019. The Company’s operating leases expire at various dates through 2024. The following shows the undiscounted cash flows for the remainder of 2019 and remaining years under operating leases at June 30, 2019: Year Ending December 31, Operating Lease Commitments 2019 $ 3,593 2020 6,115 2021 5,392 2022 2,302 2023 1,104 2024 and thereafter 985 $ 19,491

Restructuring

Restructuring	6 Months Ended
	Jun. 30, 2019
Restructuring and Related Activities [Abstract]
Restructuring	15. Restructuring During the three months ended June 30, 2019 the Company committed to 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 has incurred approximately $752 Condensed Consolidated Statements of Operations as follows: $186 Condensed Consolidated Statements of Operations as of June 30, 2019. The Company expects to pay the entire amount by September 30, 2019.

Business Description and Basi_2

Business Description and Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2019
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 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. At June 30, 2019, the Company had twelve wholly-owned subsidiaries: Brightcove UK Ltd, Brightcove Singapore Pte. Ltd., Brightcove Korea, Brightcove Australia Pty Ltd, Brightcove Holdings, Inc., Brightcove Kabushiki Kaisha (Brightcove KK), Zencoder Inc. (Zencoder), Brightcove FZ-LLC, Cacti Acquisition LLC, Brightcove India Pte. Ltd, Brightcove S. de R.L. de C.V. and Othello Acquisition Corporation.
Basis of Presentation	Basis of Presentation The accompanying interim condensed consolidated financial statements are unaudited. These condensed consolidated financial statements and notes should be read in conjunction with the audited consolidated financial statements and related notes, together with Management’s Discussion and Analysis of Financial Condition and Results of Operations, contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018. 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, other than the changes to accounting for leases as described in Note 14, 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, 2018 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 for the three and six months ended June 30, 2019 and 2018. These interim periods are not necessarily indicative of the results to be expected for any other interim period or the full year. The Company considers events or transactions that occur after the balance sheet date but prior to the issuance of the financial statements to provide additional evidence for certain estimates or to identify matters that require additional disclosure. Subsequent events have been evaluated as required. The Company has evaluated all subsequent events and determined that there are no material recognized or unrecognized subsequent events requiring disclosure, other than those disclosed in this Report on Form 10-Q. The accompanying condensed consolidated financial statements reflect the application of certain significant accounting policies as described below and elsewhere in these notes to the condensed consolidated financial statements. As described in Management’s Discussion and Analysis, the Company implemented a significant accounting policy upon the adoption of Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842), Amendments to the FASB Accounting Standards Codification (“ASC 842”). As of June 30, 2019, other than the changes to leases, the Company’s significant accounting policies and estimates, which are detailed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018, have not changed.
Recently Issued and Adopted Accounting Standards	Effective January 1, 2019, the Company adopted ASC 842, which replaced the existing guidance for leases using the transition method introduced by ASU 2018-11, which adjusts the January 1, 2019 balance for the cumulative effects of the change in accounting. Under ASC 842, a right-of-use asset and lease liability is recorded for all leases and the statement of operations reflects the lease expense for operating leases and amortization/interest expense for financing leases. The balance sheet amount recorded for existing leases at the date of adoption of ASC 842 is calculated using the applicable incremental borrowing rate at the date of adoption. The adoption of the new standard resulted in the recording of right-of-use assets and lease liabilities of $19.6 million and $20.9 million, respectively, as of January 1, 2019. Additionally, the Company reversed its deferred rent liability of $1.3 million as a result of the adoption. The adoption of the lease standard did not result in a cumulative catch-up adjustment to the opening balance of retained earnings. The new standard provided various practical expedients, which were assessed to determine the ultimate impact of the new standard upon adoption. The Company elected the package of practical expedients, which permits the Company to not reassess (1) whether any expired or existing contracts are or contain leases, (2) the lease classification for any expired or existing leases and (3) any initial direct costs for any existing leases as of the effective date. The Company also elected the practical expedients to not apply the recognition requirements in the standard to a lease that at commencement date has a lease term of twelve months or less and does not contain a purchase option that it is reasonably certain to exercise and to not separate lease and related non-lease components. The Company leases its facilities under non-cancelable operating leases. Right-of-use assets represent the right to use an underlying asset for the lease term, and lease liabilities represent the obligation to make lease payments arising from the lease. Right-of-use assets and lease liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. As most of the Company’s leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. Many of the Company’s lessee agreements include options to extend the lease, which are not included in the minimum lease terms unless they are reasonably certain to be exercised. The Company’s operating lease expense was $1,913 and $3,820 for the three and six months ended June 30, 2019. During the three months ended June 30, 2019 the Company entered into a new lease in its Singapore location with a lease liability of $779. The Company’s operating leases expire at various dates through 2024. The following shows the undiscounted cash flows for the remainder of 2019 and remaining years under operating leases at June 30, 2019: Year Ending December 31, Operating Lease Commitments 2019 $ 3,593 2020 6,115 2021 5,392 2022 2,302 2023 1,104 2024 and thereafter 985 $ 19,491

Business Combinations (Tables)

Business Combinations (Tables)	6 Months Ended
	Jun. 30, 2019
Business Combinations [Abstract]
Schedule of Total Purchase Price	The total purchase price for Ooyala has been allocated as follows: Accounts receivable $ 2,904 Other tangible assets 620 Identifiable intangible assets 9,765 Goodwill 4,762 Deferred revenue (6,475 ) Other liabilites (206 ) Total estimated purchase price $ 11,370
Schedule of Identifiable Intangible Assets Acquired and Their respective Useful Lives	The following are the identifiable intangible assets acquired and their respective useful lives, as determined based on preliminary valuations: Amount Useful Life Customer relationships $ 9,127 7 Developed technology 638 1 Total $ 9,765
Schedule of Estimated Remaining Amortization Expense	The estimated remaining amortization expense for the remainder of 2019 and for each of the five succeeding years and thereafter is as follows: Year Ending December 31, Amount 2019 $ 1,456 2020 1,463 2021 1,304 2022 1,304 2023 1,304 2024 and thereafter 2,934 Total $ 9,765
Schedule of Pro Forma Financial Information	The pro forma information for all periods presented also includes the effects of business combination accounting resulting from the acquisition. Three Months Ended June 30, Six Months Ended June 30, 2018 2019 2018 Total revenue $ 49,269 $ 97,033 $ 98,078 Net loss (6,965 ) (10,762 ) (7,936 ) Earnings per share - basic and diluted (0.19 ) (0.28 ) (0.22 )

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	6 Months Ended
	Jun. 30, 2019
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. Accounts Receivable, net Contract Assets (current) Deferred Revenue (current) Deferred Revenue (non-current) Total Deferred Revenue Balance at December 31, 2018 $ 23,264 $ 1,640 $ 39,846 $ 146 $ 39,992 Balance at June 30, 2019 33,576 2,208 49,842 283 50,125

Cash and Cash Equivalents (Tabl

Cash and Cash Equivalents (Tables)	6 Months Ended
	Jun. 30, 2019
Cash and Cash Equivalents [Abstract]
Schedule of Cash and Cash Equivalents	Cash and cash equivalents as of June 30, 2019 consist of the following: June 30, 2019 Description Contracted Maturity Amortized Cost Fair Market Value Balance Per Balance Sheet Cash Demand $ 21,064 $ 21,064 $ 21,064 Money market funds Demand 145 145 145 Total cash and cash equivalents $ 21,209 $ 21,209 $ 21,209 Cash and cash equivalents as of December 31, 2018 consist of the following: December 31, 2018 Description Contracted Maturity Amortized Cost Fair Market Value Balance Per Balance Sheet Cash Demand $ 21,007 $ 21,007 $ 21,007 Money market funds Demand 8,299 8,299 8,299 Total cash and cash equivalents $ 29,306 $ 29,306 $ 29,306

Net Loss per Share (Tables)

Net Loss per Share (Tables)	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
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 June 30, 2019 and 2018 (in thousands). Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Options outstanding 2,632 3,656 2,638 3,710 Restricted stock units outstanding 3,244 2,458 3,178 2,330

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Company's Financial Instruments Carried at Fair Value Using Lowest Level of Input	The following tables set forth the Company’s financial instruments carried at fair value using the lowest level of input as of June 30, 2019 and December 31, 2018: June 30, 2019 Quoted Prices in Active Markets for Identical Items (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Assets: Money market funds $ 145 $ — $ — $ 145 Total assets $ 145 $ — $ — $ 145 December 31, 2018 Quoted Prices in Active Markets for Identical Items (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Assets: Money market funds $ 8,299 $ — $ — $ 8,299 Total assets $ 8,299 $ — $ — $ 8,299

Stock-based Compensation (Table

Stock-based Compensation (Tables)	6 Months Ended
	Jun. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Weighted Average Assumptions Utilized	The weighted-average assumptions utilized to determine such values are presented in the following table: Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Expected life in years 6.1 6.1 6.2 6.1 Risk-free interest rate 2.38 % 2.88 % 2.42 % 2.87 % Volatility 44 % 43 % 44 % 43 % 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, 2019 and 2018: Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Stock-based compensation included in above line items: Cost of subscription and support revenue $ 95 $ 119 $ 214 $ 233 Cost of professional services and other revenue 68 46 152 86 Research and development 269 303 532 649 Sales and marketing 351 783 809 1,448 General and administrative 576 581 1,076 1,084 $ 1,359 $ 1,832 $ 2,783 $ 3,500
Summary of Stock Option Activity	The following is a summary of the stock option activity during the six months ended June 30, 2019. Number of Shares Weighted- Average Exercise Price Weighted- Average Remaining Contractual Term (In Years) Aggregate Intrinsic Value (1) Outstanding at December 31, 2018 2,737,655 $ 8.57 Granted 546,038 9.58 Exercised (260,295 ) 7.08 $ 555 Canceled (396,875 ) 9.54 Outstanding at June 30, 2019 2,626,523 $ 8.78 7.42 $ 4,423 Exercisable at June 30, 2019 1,185,526 $ 8.40 5.48 $ 2,609 (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, 2019 of $10.33 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 during the six months ended June 30, 2019: Shares Weighted Average Grant Date Fair Value Unvested by December 31, 2018 3,033,582 $ 8.07 Granted 809,590 9.44 Vested and issued (150,316 ) 8.05 Canceled (505,550 ) 7.87 Unvested by June 30, 2019 3,187,306 $ 8.42

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2019
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, 2019 2018 2019 2018 Revenue: North America $ 25,708 $ 22,839 $ 47,521 $ 45,517 Europe 8,167 6,734 14,636 13,047 Japan 5,146 5,468 11,334 10,855 Asia Pacific 8,091 6,456 15,363 13,167 Other 470 157 564 262 Total revenue $ 47,582 $ 41,654 $ 89,418 $ 82,848

Recently Issued and Adopted A_2

Recently Issued and Adopted Accounting Standards (Tables)	6 Months Ended
	Jun. 30, 2019
Accounting Changes and Error Corrections [Abstract]
Schedule of Maturity Analysis of Undiscounted Cash Flows of Operating Lease	The Company’s operating leases expire at various dates through 2024. The following shows the undiscounted cash flows for the remainder of 2019 and remaining years under operating leases at June 30, 2019: Year Ending December 31, Operating Lease Commitments 2019 $ 3,593 2020 6,115 2021 5,392 2022 2,302 2023 1,104 2024 and thereafter 985 $ 19,491

Business Description and Basi_3

Business Description and Basis of Presentation - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2019Subsidiaries
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of wholly-owned subsidiaries	12

Business Combinations - Additio

Business Combinations - Additional Information (Detail) - Ooyala [Member] - Asset Purchase and Sale Agreement [Member] - USD ($) $ in Thousands	Apr. 01, 2019	Jun. 30, 2019	Jun. 30, 2019
Subsequent Event [Line Items]
Unregistered shares of common stock	1,056,763
Unregistered shares of common stock, value	$ 8,900
Business acquisition, cash paid	3,300
Cash consideration, escrow amount	2,650
Merger related costs		$ 2,600	$ 5,600
Business combination of purchase consideration	5,750
Business combination of working capital adjustments	$ 2,400

Business Combinations - Schedul

Business Combinations - Schedule of Total Purchase Price (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Business Acquisition [Line Items]
Identifiable intangible assets		$ 9,765
Goodwill	$ 55,537	$ 50,776
Ooyala, Inc [Member]
Business Acquisition [Line Items]
Accounts receivable	2,904
Other tangible assets	620
Identifiable intangible assets	9,765
Goodwill	4,762
Deferred revenue	(6,475)
Other liabilites	(206)
Total estimated purchase price	$ 11,370

Business Combinations - Sched_2

Business Combinations - Schedule of Identifiable Intangible Assets Acquired and Their respective Useful Lives (Details 1) $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 9,765
Customer Relationships [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 9,127
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	7 years
Developed Technology Rights [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 638
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	1 year

Business Combinations - Sched_3

Business Combinations - Schedule of Estimated Remaining Amortization Expense (Details 2) $ in Thousands	Dec. 31, 2018USD ($)
Business Combinations [Abstract]
2019	$ 1,456
2020	1,463
2021	1,304
2022	1,304
2023	1,304
2024 and thereafter	2,934
Total	$ 9,765

Business Combinations - Sched_4

Business Combinations - Schedule of Pro Forma Financial Information (Details 3) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Business Combinations [Abstract]
Total revenue	$ 49,269	$ 97,033	$ 98,078
Net loss	$ (6,965)	$ (10,762)	$ (7,936)
Earnings per share - basic and diluted	$ (0.19)	$ (0.28)	$ (0.22)

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, 2019	Dec. 31, 2018
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Accounts receivable, net	$ 33,576	$ 23,264
Deferred Revenue (current)	49,842	39,846
Accounting Standards Update 2014-09 [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Accounts receivable, net	33,576	23,264
Contract Assets (current)	2,208	1,640
Deferred Revenue (current)	49,842	39,846
Deferred Revenue (non- current)	283	146
Total Deferred Revenue	$ 50,125	$ 39,992

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, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Deferred revenue recognized	$ 11.6		$ 31.2
Assets recognized to obtain a contract	5.9		5.9		$ 5.9
Amortization expense recognized to obtain a contract	$ 1.8	$ 2	$ 3.7	$ 3.8
Subscription and Support Revenue [Member]
Revenue, performance obligation, description of timing	2022		2022
Unsatisfied performance obligations	$ 134.2		$ 134.2
Subscription and Support Revenue [Member] | Next Twelve Months [Member]
Unsatisfied performance obligations	$ 107.6		$ 107.6

Concentration of Credit Risk -

Concentration of Credit Risk - Additional Information (Detail) - Customer	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Risks and Uncertainties [Abstract]
Number of customers accounted for more than 10% of total revenue	0	0	0	0
Threshold percentage of total revenues required for major customer classification	10.00%	10.00%	10.00%	10.00%
Number of customers accounted for more than 10% of net accounts receivable	0		0		0
Threshold percentage of accounts receivable required for major customer classification	10.00%		10.00%		10.00%

Cash and Cash Equivalents - Add

Cash and Cash Equivalents - Additional Information (Detail) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Cash and Cash Equivalents [Abstract]
Short-term investments	$ 0	$ 0
Long-term investments	$ 0	$ 0

Cash and Cash Equivalents - Sch

Cash and Cash Equivalents - Schedule of Cash and Cash Equivalents (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Investment Holdings [Line Items]
Amortized Cost	$ 21,209	$ 29,306
Fair Market Value	21,209	29,306
Balance Per Balance Sheet	21,209	29,306
Cash [Member]
Investment Holdings [Line Items]
Amortized Cost	21,064	21,007
Fair Market Value	21,064	21,007
Balance Per Balance Sheet	21,064	21,007
Money Market Funds [Member]
Investment Holdings [Line Items]
Amortized Cost	145	8,299
Fair Market Value	145	8,299
Balance Per Balance Sheet	$ 145	$ 8,299

Net Loss per Share - Outstandin

Net Loss per Share - 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, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Options Outstanding [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive common shares excluded from the computation of weighted-average shares outstanding	2,632	3,656	2,638	3,710
RSUs [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive common shares excluded from the computation of weighted-average shares outstanding	3,244	2,458	3,178	2,330

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Company's Financial Instruments Carried at Fair Value Using Lowest Level of Input (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	$ 145	$ 8,299
Total assets	145	8,299
Quoted Prices in Active Markets for Identical Items (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	145	8,299
Total assets	$ 145	$ 8,299

Stock based Compensation - Addi

Stock based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Weighted-average fair value of options granted	$ 4.53	$ 4.27	$ 4.36	$ 4.22
Stock based compensation expense	$ 1,359	$ 1,832	$ 2,783	$ 3,500
Unrecognized stock-based compensation expense	$ 17,525		$ 17,525
Weighted average period			2 years 9 months 18 days

Stock Based Compensation - Weig

Stock Based Compensation - Weighted Average Assumptions Utilized (Detail) - Stock Compensation Plan [Member]	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life in years	6 years 1 month 6 days	6 years 1 month 6 days	6 years 2 months 12 days	6 years 1 month 6 days
Risk-free interest rate	2.38%	2.88%	2.42%	2.87%
Volatility	44.00%	43.00%	44.00%	43.00%
Dividend yield	0.00%	0.00%	0.00%	0.00%

Stock Based Compensation - Summ

Stock Based Compensation - Summarizes Stock-based Compensation Expense (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation	$ 1,359	$ 1,832	$ 2,783	$ 3,500
Subscription and Support Revenue [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation	95	119	214	233
Professional Services and Other Revenue [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation	68	46	152	86
Research and Development [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation	269	303	532	649
Sales and Marketing [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation	351	783	809	1,448
General and Administrative [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation	$ 576	$ 581	$ 1,076	$ 1,084

Stock Based Compensation - Su_2

Stock Based Compensation - Summary of Stock Option Activity (Detail) - Options Outstanding [Member] $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares, Outstanding at December 31, 2018 | shares	2,737,655
Shares, Granted | shares	546,038
Shares, Exercised | shares	(260,295)
Shares, Cancelled | shares	(396,875)
Shares, Outstanding at June 30, 2019 | shares	2,626,523
Shares, Exercisable at June 30, 2019 | shares	1,185,526
Weighted-Average Exercise Price, Outstanding at December 31, 2018 | $ / shares	$ 8.57
Weighted-Average Exercise Price, Granted | $ / shares	9.58
Weighted-Average Exercise Price, Exercised | $ / shares	7.08
Weighted-Average Exercise Price, Cancelled | $ / shares	9.54
Weighted-Average Exercise Price, Outstanding at June 30, 2019 | $ / shares	8.78
Weighted-Average Exercise Price, Exercisable at June 30, 2019 | $ / shares	$ 8.40
Weighted-Average Remaining Contractual Term, Outstanding at June 30, 2019	7 years 5 months 1 day
Weighted-Average Remaining Contractual Term, Exercisable at June 30, 2019	5 years 5 months 23 days
Aggregate Intrinsic Value, Exercised | $	$ 555
Aggregate Intrinsic Value, Outstanding at June 30, 2019 | $	4,423
Aggregate Intrinsic Value, Exercisable at June 30, 2019 | $	$ 2,609

Stock Based Compensation - Su_3

Stock Based Compensation - Summary of Stock Option Activity (Parenthetical) (Detail)	Jun. 30, 2019$ / shares
Options Outstanding [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate Intrinsic Value, Estimated per share fair value of common stock	$ 10.33

Stock Based Compensation - Su_4

Stock Based Compensation - Summary of RSU Activity (Detail) - RSUs [Member]	6 Months Ended
	Jun. 30, 2019$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Unvested Shares, Beginning Balance | shares	3,033,582
Granted | shares	809,590
Vested and issued | shares	(150,316)
Cancelled | shares	(505,550)
Unvested Shares, Ending Balance | shares	3,187,306
Weighted Average Grant Date Fair Value, Beginning Balance | $ / shares	$ 8.07
Weighted Average Grant Date Fair Value, Granted | $ / shares	9.44
Weighted Average Grant Date Fair Value, Vested and issued | $ / shares	8.05
Weighted Average Grant Date Fair Value, Cancelled | $ / shares	7.87
Weighted Average Grant Date Fair Value, Ending Balance | $ / shares	$ 8.42

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Income tax expense	$ 175	$ 154	$ 350	$ 266

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail)	Jan. 30, 2019Patents	Jun. 30, 2019USD ($)
Commitment And Contingencies [Line Items]
Cost for Guarantees and indemnities | $		$ 0
Uniloc 2017 LLC [Member]
Commitment And Contingencies [Line Items]
Complaint filed against patents allegedly infringed | Patents	4

Debt - Additional Information (

Debt - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2019USD ($)
Debt Instrument [Line Items]
Debt instrument term	If the outstanding principal during any month is at least $15.0 million, the Company must also maintain a minimum net income threshold based on non-GAAP operating measures.
Secured Line of Credit [Member]
Debt Instrument [Line Items]
Line of credit, agreement start date	Dec. 14, 2018
Line of credit maximum borrowing capacity	$ 30,000,000
Percentage points added to prime rate or LIBOR	4.00%
Borrowings outstanding	$ 0
Minimum [Member]
Debt Instrument [Line Items]
Minimum outstanding principal threshold limit	$ 15,000,000
Minimum [Member] | Secured Line of Credit [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Percentage points added to prime rate or LIBOR	2.25%

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, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 47,582	$ 41,654	$ 89,418	$ 82,848
North America [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	25,708	22,839	47,521	45,517
Europe [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	8,167	6,734	14,636	13,047
Japan [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	5,146	5,468	11,334	10,855
Asia Pacific [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	8,091	6,456	15,363	13,167
Other [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 470	$ 157	$ 564	$ 262

Segment Information - Additiona

Segment Information - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues from customers	$ 47,582	$ 41,654	$ 89,418	$ 82,848
Revenue percentage from other country to the company's total revenue	10.00%	10.00%	10.00%	10.00%
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues from customers	$ 23,966	$ 21,570	$ 44,372	$ 42,824

Recently Issued and Adopted A_3

Recently Issued and Adopted Accounting Standards - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Jan. 01, 2019
Accounting Policies [Line Items]
Operating lease expense	$ 1,913	$ 2,020	$ 3,820	$ 4,023
Weighted-average remaining non-cancelable lease term	3 years		3 years
Weighted-average discount rate	4.00%		4.00%
Right-of-use assets	$ 17,171		$ 17,171
SINGAPORE
Accounting Policies [Line Items]
Lease liabilities	$ 779		$ 779
Accounting Standards Update 2016-02 [Member]
Accounting Policies [Line Items]
Reversed deferred rent liability					$ 1,300
Right-of-use assets					19,600
Lease liabilities					$ 20,900

Recently Issued and Adopted A_4

Recently Issued and Adopted Accounting Standards - Undiscounted Cash Flows Under Operating Leases (Detail) $ in Thousands	Jun. 30, 2019USD ($)
Accounting Changes and Error Corrections [Abstract]
2019	$ 3,593
2020	6,115
2021	5,392
2022	2,302
2023	1,104
2024 and thereafter	985
Total	$ 19,491

Restructuring - Additional Info

Restructuring - Additional Information (Detail) $ in Thousands	3 Months Ended
	Jun. 30, 2019USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 752
Cost Of Subscription And Support Revenue [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	186
Cost Of Professional Services And Other Revenue [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	107
Sales And Marketing [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	421
Research And Development [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 38