Brightcove (BCOV) 10-Q 27 Oct 21 2021 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2021	Oct. 21, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
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	290 Congress 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		41,090,876

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 45,285	$ 37,472
Accounts receivable, net of allowance of $443 and $648 at September 30, 2021 and December 31, 2020, respectively	28,138	29,305
Prepaid expenses	8,965	5,760
Other current assets	11,411	12,978
Total current assets	93,799	85,515
Property and equipment, net	18,777	15,968
Operating lease right-of-use asset	5,668	8,699
Intangible assets, net	8,213	10,465
Goodwill	60,902	60,902
Other assets	6,491	5,254
Total assets	193,850	186,803
Current liabilities:
Accounts payable	11,007	10,456
Accrued expenses	21,082	25,397
Operating lease liability	2,176	4,346
Deferred revenue	61,739	58,741
Total current liabilities	96,004	98,940
Operating lease liability, net of current portion	3,734	5,498
Other liabilities	1,536	2,763
Total liabilities	101,274	107,201
Commitments and contingencies (Note 8)
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; 41,175,854 and 40,152,021 shares issued at September 30, 2021 and December 31, 2020, respectively	41	40
Additional paid-in capital	295,464	287,059
Treasury stock, at cost; 135,000 shares	(871)	(871)
Accumulated other comprehensive loss	(600)	(188)
Accumulated deficit	(201,458)	(206,438)
Total stockholders' equity	92,576	79,602
Total liabilities and stockholders' equity	$ 193,850	$ 186,803

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Allowance for accounts receivable	$ 443	$ 648
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	41,175,854	40,152,021
Treasury stock, shares	135,000	135,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Revenue:
Revenue	$ 52,163	$ 49,084	$ 158,452	$ 143,663
Cost of revenue:
Cost of revenue	18,653	18,098	55,045	56,639
Gross profit	33,510	30,986	103,407	87,024
Operating expenses:
Research and development	7,902	8,215	24,041	26,199
Sales and marketing	18,451	14,813	52,730	42,370
General and administrative	7,345	6,694	21,822	19,633
Merger-related	45	0	300	5,768
Other (benefit) expense			(1,965)
Total operating expenses	33,743	29,722	96,928	93,970
(Loss) income from operations	(233)	1,264	6,479	(6,946)
Other (expense) income, net	(319)	204	(937)	(291)
(Loss) income before income taxes	(552)	1,468	5,542	(7,237)
Provision for income taxes	468	154	562	597
Net (loss) income	$ (1,020)	$ 1,314	$ 4,980	$ (7,834)
Net (loss) income per share—basic and diluted
Basic	$ (0.02)	$ 0.03	$ 0.12	$ (0.20)
Diluted	$ (0.02)	$ 0.03	$ 0.12	$ (0.20)
Weighted-average shares—basic and diluted
Basic	40,934,689	39,682,337	40,570,817	39,319,703
Diluted	40,934,689	40,645,982	42,237,438	39,319,703
Subscription and Support Revenue [Member]
Revenue:
Revenue	$ 49,226	$ 46,338	$ 148,667	$ 136,613
Cost of revenue:
Cost of revenue	16,406	15,735	46,840	50,290
Professional Services and Other Revenue [Member]
Revenue:
Revenue	2,937	2,746	9,785	7,050
Cost of revenue:
Cost of revenue	$ 2,247	$ 2,363	$ 8,205	$ 6,349

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive (Loss) Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (1,020)	$ 1,314	$ 4,980	$ (7,834)
Other comprehensive income:
Foreign currency translation adjustments	(238)	345	(412)	44
Comprehensive (loss) income	$ (1,258)	$ 1,659	$ 4,568	$ (7,790)

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, 2019		$ 39	$ 276,365	$ (871)	$ (785)	$ (200,625)
Beginning Balance, shares at Dec. 31, 2019		39,042,787
Treasury shares, beginning Balance at Dec. 31, 2019				(135,000)
Issuance of common stock upon exercise of stock options		$ 0
Issuance of common stock upon exercise of stock options and pursuant to restricted stock units		$ 1	792
Issuance of common stock upon exercise of stock options and pursuant to restricted stock units, shares		888,460
Stock-based compensation expense			6,964
Foreign currency translation adjustment	$ 44				44
Net income (loss)						(7,834)
Ending Balance at Sep. 30, 2020	74,090	$ 40	284,121	$ (871)	(741)	(208,459)
Ending Balance, shares at Sep. 30, 2020		39,931,247
Treasury stock, Ending Balance at Sep. 30, 2020				(135,000)
Beginning Balance at Jun. 30, 2020		$ 39	281,255	$ (871)	(1,086)	(209,773)
Beginning Balance, shares at Jun. 30, 2020		39,543,991
Treasury shares, beginning Balance at Jun. 30, 2020				(135,000)
Issuance of common stock upon exercise of stock options		$ 0
Issuance of common stock upon exercise of stock options and pursuant to restricted stock units		$ 1	794
Issuance of common stock upon exercise of stock options and pursuant to restricted stock units, shares		387,256
Stock-based compensation expense			2,072
Foreign currency translation adjustment	345				345
Net income (loss)						1,314
Ending Balance at Sep. 30, 2020	74,090	$ 40	284,121	$ (871)	(741)	(208,459)
Ending Balance, shares at Sep. 30, 2020		39,931,247
Treasury stock, Ending Balance at Sep. 30, 2020				(135,000)
Beginning Balance at Dec. 31, 2020	$ 79,602	$ 41	287,059	$ (871)	(188)	(206,438)
Beginning Balance, shares at Dec. 31, 2020		40,152,021
Treasury shares, beginning Balance at Dec. 31, 2020	(135,000)			(135,000)
Issuance of common stock upon exercise of stock options		$ 0
Issuance of common stock upon exercise of stock options and pursuant to restricted stock units		$ 0	825
Issuance of common stock upon exercise of stock options and pursuant to restricted stock units, shares		1,023,833
Stock-based compensation expense			7,580
Foreign currency translation adjustment	$ (412)				(412)
Net income (loss)						4,980
Ending Balance at Sep. 30, 2021	$ 92,576	$ 41	295,464	$ (871)	(600)	(201,458)
Ending Balance, shares at Sep. 30, 2021		41,175,854
Treasury stock, Ending Balance at Sep. 30, 2021	(135,000)			(135,000)
Beginning Balance at Jun. 30, 2021		$ 41	292,775	$ (871)	(362)	(200,438)
Beginning Balance, shares at Jun. 30, 2021		40,946,572
Treasury shares, beginning Balance at Jun. 30, 2021				(135,000)
Issuance of common stock upon exercise of stock options		$ 0
Issuance of common stock upon exercise of stock options and pursuant to restricted stock units		$ 0	194
Issuance of common stock upon exercise of stock options and pursuant to restricted stock units, shares		229,282
Stock-based compensation expense			2,495
Foreign currency translation adjustment	$ (238)				(238)
Net income (loss)						(1,020)
Ending Balance at Sep. 30, 2021	$ 92,576	$ 41	$ 295,464	$ (871)	$ (600)	$ (201,458)
Ending Balance, shares at Sep. 30, 2021		41,175,854
Treasury stock, Ending Balance at Sep. 30, 2021	(135,000)			(135,000)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Operating activities
Net income (loss)	$ 4,980	$ (7,834)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	6,284	6,497
Stock-based compensation	7,234	6,724
Provision for reserves on accounts receivable	246	461
Changes in assets and liabilities:
Accounts receivable	710	(1,433)
Prepaid expenses and other current assets	(914)	(6,414)
Other assets	(1,273)	(1,247)
Accounts payable	79	104
Accrued expenses	(4,402)	3,410
Operating leases	(903)	(13)
Deferred revenue	2,707	8,667
Net cash provided by operating activities	14,748	8,922
Investing activities
Purchases of property and equipment	(1,625)	(2,163)
Capitalized internal-use software costs	(4,657)	(5,108)
Net cash used in investing activities	(6,282)	(7,271)
Financing activities
Proceeds from exercise of stock options	2,200	1,207
Deferred acquisition payments	(475)
Proceeds from debt		10,000
Debt paydown		(5,000)
Other financing activities	(1,375)	(448)
Net cash provided by financing activities	350	5,759
Effect of exchange rate changes on cash and cash equivalents	(1,003)	163
Net increase in cash and cash equivalents	7,813	7,573
Cash and cash equivalents at beginning of period	37,472	22,759
Cash and cash equivalents at end of period	45,285	30,332
Supplemental disclosure of cash flow information
Cash paid for operating lease liabilities	3,505	5,087
Cash paid for income taxes	$ 681	$ 993

Business Description and Basis

Business Description and Basis of Presentation	9 Months Ended
	Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business Description and Basis of Presentation	1. Business Description and Basis 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. 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 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, 2020 contained in the Company’s Annual Report on Form 10-K

Quarterly Update to Significant

Quarterly Update to Significant Accounting Policies	9 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
Quarterly Update to Significant Accounting Policies	2. Quarterly Update to Significant Accounting Policies Stock-Based Compensation On March 25, 2021, the Board adopted, the Brightcove Inc. 2021 Stock Incentive Plan (the “2021 Plan”) which was approved by the shareholders on May 11, 2021. The maximum number of shares of stock reserved and available for issuance under the 2021 Plan is 6,200,000 shares. Any awards under the Plan and under the Company’s existing 2012 Stock Incentive Plan (the “2012 Plan”) and the Company’s Amended and Restated 2004 Stock Option and Incentive Plan that are forfeited, canceled or otherwise terminated (other than by exercise) will be added back to the shares of stock available for issuance under the 2021 Plan and may be issued as awards thereunder. The 2021 Plan is designed to enable the flexibility to grant equity awards to our officers, employees, non-employee 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, 2020 $ 648 Current provision for credit losses 303 Write-offs against allowance (451 ) Recoveries (57 ) Balance as of September 30, 2021 $ 443 Estimated credit losses for unbilled trade accounts receivable were not material Other (Benefit) Expense Other (benefit) expense, reflects other operating costs (or benefits) that do not directly relate to research and development, sales and marketing, general and administrative, and merger related. On March 27, 2020, in response to the COVID-19 Recently Issued and Adopted Accounting Pronouncements ASU 2019-12—Income In December 2019, the FASB issued ASU 2019-12, 2019-12 2019-12 2019-12

Revenue from Contracts with Cus

Revenue from Contracts with Customers	9 Months Ended
	Sep. 30, 2021
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 The following summarizes the opening and closing balances of receivables, contract assets and contract liabilities from contracts with customers. Accounts Contract Deferred Deferred Revenue (non- current) Total Deferred Balance at December 31, 2020 $ 29,305 $ 2,078 $ 58,741 $ 811 $ 59,552 Balance at September 30, 2021 28,138 2,311 61,739 50 61,789 Revenue recognized for the three and nine months ended September 30, 2021 from amounts included in deferred revenue at the beginning of the period was approximately $8.2 million and $54.9 million, respectively. During the three and nine months ended September 30, 2021, 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 $12.0 million as of September 30, 2021 and $13.3 million as of December 31, 2020. Amortization expense recognized for the three and nine months ended September 30, 2021 related to costs to obtain a contract was $3.3 million and $9.6 million, respectively. Amortization expense recognized for the three and nine months ended September 30, 2020 related to costs to obtain a contract was $2.0 million and $5.5 million, respectively. Transaction Price Allocated to Future Performance Obligations As of September 30, 2021, the total aggregate transaction price allocated to the unsatisfied performance obligations for subscription and support contracts was approximately $148.6 million, of which approximately $115.0 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 2024.

Cash and Cash Equivalents

Cash and Cash Equivalents	9 Months Ended
	Sep. 30, 2021
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents	4. Cash and Cash Equivalents Cash and cash equivalents as of September 30, 2021 consist of the September 30, 2021 Description Contracted Maturity Cost Fair Market Value Cash Demand $ 45,244 $ 45,244 Money market funds Demand 41 41 Total cash and cash equivalents $ 45,285 $ 45,285 Cash and cash equivalents as of December 31, 2020 consist of the following: December 31, 2020 Description Contracted Maturity Cost Fair Market Value Cash Demand $ 37,431 $ 37,431 Money market funds Demand 41 41 Total cash and cash equivalents $ 37,472 $ 37,472

(Loss) Earnings per Share

(Loss) Earnings per Share	9 Months Ended
	Sep. 30, 2021
Earnings Per Share [Abstract]
(Loss) Earnings per Share	5. (Loss) Earnings per Share The Company calculates basic and diluted The following table set forth the computations of basic and diluted (loss) earnings per share: Three Months Ended Nine Months Ended (in thousands) 2021 2020 2021 2020 Net (loss) income $ (1,020 ) $ 1,314 $ 4,980 $ (7,834 ) Weighted average shares used in computing basic earnings per share 40,934,689 39,682,337 40,570,817 39,319,703 Effect of weighted average dilutive stock-based awards — 963,645 1,666,621 — Weighted average shares used in computing diluted earnings per share 40,934,689 40,645,982 42,237,438 39,319,703 Net (loss) income per share—basic and diluted Basic $ (0.02 ) $ 0.03 $ 0.12 $ (0.20 ) Diluted $ (0.02 ) $ 0.03 $ 0.12 $ (0.20 ) The following outstanding common shares have been excluded from the computation of dilutive (loss) earnings per share as of the periods indicated because such securities are anti-dilutive: Three Months Ended Nine Months Ended (shares in thousands) 2021 2020 2021 2020 Options outstanding 1,803 1,570 147 2,234 Restricted stock units outstanding 3,185 155 56 3,264

Stock-based Compensation

Stock-based Compensation	9 Months Ended
	Sep. 30, 2021
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based Compensation	6. Stock-based Compensation The weighted-average assumptions utilized to determine the weighted-average fair value of options are presented in the following table: Three Months Ended Nine Months Ended 2021 2020 2021 2020 Weighted-average fair value of options granted during the period $ 6.29 $ 4.86 $ 7.51 $ 4.01 Risk-free interest rate 1.14 % 0.33 % 1.16 % 0.76 % Expected volatility 48 % 47 % 48 % 46 % Expected life (in years) 6.2 5.9 6.2 6.1 Expected dividend yield — — — — As of September 30, 2021, there was $23.6 million of unrecognized stock-based compensation expense related to stock-based awards that is expected to be recognized over a weighted-average period of 2.28 years. The following table summarizes stock-based compensation expense as included in the consolidated statement of operations for the three months ended September 30, 2021 and 2020: Three Months Ended Nine Months Ended 2021 2020 2021 2020 Stock-based compensation: Cost of subscription and support revenue $ 157 $ 139 $ 501 $ 452 Cost of professional services and other revenue 113 63 299 233 Research and development 408 142 1,261 839 Sales and marketing 583 768 2,082 2,440 General and administrative 1,072 896 3,091 2,760 $ 2,333 $ 2,008 $ 7,234 $ 6,724 The following is a summary of the stock option activity during the nine months ended September 30, 2021. Number of Shares Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term (In Years) Aggregate Intrinsic Value (1) Outstanding at December 31, 2020 2,110,486 $ 9.19 Granted 92,905 16.05 Exercised (254,502 ) 8.65 $ 2,724 Canceled (145,930 ) 10.17 Outstanding at September 30, 2021 1,802,959 $ 9.56 5.94 $ 4,177 Exercisable at September 30, 2021 1,313,116 $ 8.96 5.23 $ 3,522 (1) The aggregate intrinsic value was calculated based on the positive difference between the fair value of the Company’s common stock on September 30, 2021 of $11.54 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”) (“P-RSU”) S-RSU Weighted Average Grant Date Fair Value P-RSU Weighted Average Grant Date Fair Value Total RSU Weighted Average Grant Date Fair Value Unvested at December 31, 2020 2,000,416 $ 10.40 1,587,801 $ 10.30 3,588,217 $ 10.35 Granted 1,039,266 14.44 64,011 12.65 1,103,277 14.33 Vested and issued (546,818 ) 9.11 (181,910 ) 8.74 (728,728 ) 9.01 Canceled (411,567 ) 11.38 (365,909 ) 9.50 (777,476 ) 10.49 Unvested at September 30, 2021 2,081,297 $ 12.56 1,103,993 $ 10.97 3,185,290 $ 12.00

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2021
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 September 30, 2021 and December 31, 2020, 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	9 Months Ended
	Sep. 30, 2021
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 September 30, 2021, 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	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Debt	9. Debt On December 28, 2020, 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”). 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

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2021
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 Nine Months Ended 2021 2020 2021 2020 Revenue: North America $ 29,420 $ 27,515 $ 89,204 $ 78,553 Europe 9,689 8,435 28,159 25,323 Japan 6,185 5,688 19,263 17,344 Asia Pacific 6,746 7,211 21,421 21,795 Other 123 235 405 648 Total revenue $ 52,163 $ 49,084 $ 158,452 $ 143,663 North America is comprised of revenue from the United States, Canada and Mexico. Revenue from customers located in the United States was $27.6 million and $25.6 million for the three months ended September 30, 2021 and 2020, respectively. Revenue from customers located in the United States was $83.6 million and $72.5 million for the nine months ended September 30, 2021 and 2020, 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 nine months ended September 30, 2021 and 2020. As of September 30, 2021 and December 31, 2020, property and equipment at locations outside the U.S. was not material.

Business Description and Basi_2

Business Description and Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2021
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.
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 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, 2020 contained in the Company’s Annual Report on Form 10-K
Stock-Based Compensation	Stock-Based Compensation On March 25, 2021, the Board adopted, the Brightcove Inc. 2021 Stock Incentive Plan (the “2021 Plan”) which was approved by the shareholders on May 11, 2021. The maximum number of shares of stock reserved and available for issuance under the 2021 Plan is 6,200,000 shares. Any awards under the Plan and under the Company’s existing 2012 Stock Incentive Plan (the “2012 Plan”) and the Company’s Amended and Restated 2004 Stock Option and Incentive Plan that are forfeited, canceled or otherwise terminated (other than by exercise) will be added back to the shares of stock available for issuance under the 2021 Plan and may be issued as awards thereunder. The 2021 Plan is designed to enable the flexibility to grant equity awards to our officers, employees, non-employee
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, 2020 $ 648 Current provision for credit losses 303 Write-offs against allowance (451 ) Recoveries (57 ) Balance as of September 30, 2021 $ 443 Estimated credit losses for unbilled trade accounts receivable were not material
Other (Benefit) Expense.	Other (Benefit) Expense Other (benefit) expense, reflects other operating costs (or benefits) that do not directly relate to research and development, sales and marketing, general and administrative, and merger related. On March 27, 2020, in response to the COVID-19
Recently Issued and Adopted Accounting Pronouncements	Recently Issued and Adopted Accounting Pronouncements ASU 2019-12—Income In December 2019, the FASB issued ASU 2019-12, 2019-12 2019-12 2019-12

Quarterly Update to Significa_2

Quarterly Update to Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2021
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, 2020 $ 648 Current provision for credit losses 303 Write-offs against allowance (451 ) Recoveries (57 ) Balance as of September 30, 2021 $ 443

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	9 Months Ended
	Sep. 30, 2021
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 Contract Deferred Deferred Revenue (non- current) Total Deferred Balance at December 31, 2020 $ 29,305 $ 2,078 $ 58,741 $ 811 $ 59,552 Balance at September 30, 2021 28,138 2,311 61,739 50 61,789

Cash and Cash Equivalents (Tabl

Cash and Cash Equivalents (Tables)	9 Months Ended
	Sep. 30, 2021
Cash and Cash Equivalents [Abstract]
Schedule of Cash and Cash Equivalents	Cash and cash equivalents as of September 30, 2021 consist of the September 30, 2021 Description Contracted Maturity Cost Fair Market Value Cash Demand $ 45,244 $ 45,244 Money market funds Demand 41 41 Total cash and cash equivalents $ 45,285 $ 45,285 Cash and cash equivalents as of December 31, 2020 consist of the following: December 31, 2020 Description Contracted Maturity Cost Fair Market Value Cash Demand $ 37,431 $ 37,431 Money market funds Demand 41 41 Total cash and cash equivalents $ 37,472 $ 37,472

(Loss) Earnings per Share (Tabl

(Loss) Earnings per Share (Tables)	9 Months Ended
	Sep. 30, 2021
Earnings Per Share [Abstract]
Schedule of Computations of Basic and Diluted Earnings Per Share	The following table set forth the computations of basic and diluted (loss) earnings per share: Three Months Ended Nine Months Ended (in thousands) 2021 2020 2021 2020 Net (loss) income $ (1,020 ) $ 1,314 $ 4,980 $ (7,834 ) Weighted average shares used in computing basic earnings per share 40,934,689 39,682,337 40,570,817 39,319,703 Effect of weighted average dilutive stock-based awards — 963,645 1,666,621 — Weighted average shares used in computing diluted earnings per share 40,934,689 40,645,982 42,237,438 39,319,703 Net (loss) income per share—basic and diluted Basic $ (0.02 ) $ 0.03 $ 0.12 $ (0.20 ) Diluted $ (0.02 ) $ 0.03 $ 0.12 $ (0.20 )
Outstanding Common Shares Excluded from Computation of Dilutive Earnings (Loss) per Share	The following outstanding common shares have been excluded from the computation of dilutive (loss) earnings per share as of the periods indicated because such securities are anti-dilutive: Three Months Ended Nine Months Ended (shares in thousands) 2021 2020 2021 2020 Options outstanding 1,803 1,570 147 2,234 Restricted stock units outstanding 3,185 155 56 3,264

Stock-based Compensation (Table

Stock-based Compensation (Tables)	9 Months Ended
	Sep. 30, 2021
Disclosure of Compensation Related Costs, Share-based Payments [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 Nine Months Ended 2021 2020 2021 2020 Weighted-average fair value of options granted during the period $ 6.29 $ 4.86 $ 7.51 $ 4.01 Risk-free interest rate 1.14 % 0.33 % 1.16 % 0.76 % Expected volatility 48 % 47 % 48 % 46 % Expected life (in years) 6.2 5.9 6.2 6.1 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 months ended September 30, 2021 and 2020: Three Months Ended Nine Months Ended 2021 2020 2021 2020 Stock-based compensation: Cost of subscription and support revenue $ 157 $ 139 $ 501 $ 452 Cost of professional services and other revenue 113 63 299 233 Research and development 408 142 1,261 839 Sales and marketing 583 768 2,082 2,440 General and administrative 1,072 896 3,091 2,760 $ 2,333 $ 2,008 $ 7,234 $ 6,724
Summary of Stock Option Activity	The following is a summary of the stock option activity during the nine months ended September 30, 2021. Number of Shares Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term (In Years) Aggregate Intrinsic Value (1) Outstanding at December 31, 2020 2,110,486 $ 9.19 Granted 92,905 16.05 Exercised (254,502 ) 8.65 $ 2,724 Canceled (145,930 ) 10.17 Outstanding at September 30, 2021 1,802,959 $ 9.56 5.94 $ 4,177 Exercisable at September 30, 2021 1,313,116 $ 8.96 5.23 $ 3,522 (1) The aggregate intrinsic value was calculated based on the positive difference between the fair value of the Company’s common stock on September 30, 2021 of $11.54 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”) (“P-RSU”) S-RSU Weighted Average Grant Date Fair Value P-RSU Weighted Average Grant Date Fair Value Total RSU Weighted Average Grant Date Fair Value Unvested at December 31, 2020 2,000,416 $ 10.40 1,587,801 $ 10.30 3,588,217 $ 10.35 Granted 1,039,266 14.44 64,011 12.65 1,103,277 14.33 Vested and issued (546,818 ) 9.11 (181,910 ) 8.74 (728,728 ) 9.01 Canceled (411,567 ) 11.38 (365,909 ) 9.50 (777,476 ) 10.49 Unvested at September 30, 2021 2,081,297 $ 12.56 1,103,993 $ 10.97 3,185,290 $ 12.00

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2021
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 Nine Months Ended 2021 2020 2021 2020 Revenue: North America $ 29,420 $ 27,515 $ 89,204 $ 78,553 Europe 9,689 8,435 28,159 25,323 Japan 6,185 5,688 19,263 17,344 Asia Pacific 6,746 7,211 21,421 21,795 Other 123 235 405 648 Total revenue $ 52,163 $ 49,084 $ 158,452 $ 143,663

Quarterly Update to Significa_3

Quarterly Update to Significant Accounting Policies - Schedule of Allowance for Doubtful Accounts (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2021USD ($)
Credit Loss [Abstract]
Balance as of December 31, 2020	$ 648
Current provision for credit losses	303
Write-offs against allowance	(451)
Recoveries	(57)
Balance as of Sept 30, 2021	$ 443

Quarterly Update to Significa_4

Quarterly Update to Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 31, 2021	Sep. 30, 2021	Mar. 25, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee retention credits benefits recognized	$ 1,965	$ 1,965
2021 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum number of shares of stock reserved and available for issuance			6,200,000
2012 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of future grants issued under plan			0

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	Sep. 30, 2021	Dec. 31, 2020
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Accounts receivable, net	$ 28,138	$ 29,305
Deferred Revenue (current)	61,739	58,741
Accounting Standards Update 2014-09 [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Accounts receivable, net	28,138	29,305
Contract Assets (current)	2,311	2,078
Deferred Revenue (current)	61,739	58,741
Deferred Revenue (non- current)	50	811
Total Deferred Revenue	$ 61,789	$ 59,552

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Deferred revenue recognized	$ 8.2		$ 54.9
Assets recognized to obtain a contract	12		12		$ 13.3
Amortization expense recognized to obtain a contract	3.3	$ 2	9.6	$ 5.5
Subscription and Support Revenue [Member]
Unsatisfied performance obligations	148.6		148.6
Subscription and Support Revenue [Member] | Next Twelve Months [Member]
Unsatisfied performance obligations	$ 115		$ 115

Cash and Cash Equivalents - Sch

Cash and Cash Equivalents - Schedule of Cash and Cash Equivalents (Detail) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Investment Holdings [Line Items]
Cost	$ 45,285	$ 37,472
Fair Market Value	45,285	37,472
Cash [Member]
Investment Holdings [Line Items]
Cost	45,244	37,431
Fair Market Value	45,244	37,431
Money Market Funds [Member]
Investment Holdings [Line Items]
Cost	41	41
Fair Market Value	$ 41	$ 41

(Loss) Earnings per Share - Sch

(Loss) Earnings per Share - Schedule of Computations of Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Schedule Of Earnings Per Share Basic And Diluted [Abstract]
Net (loss) income	$ (1,020)	$ 1,314	$ 4,980	$ (7,834)
Weighted average shares used in computing basic earnings per share	40,934,689	39,682,337	40,570,817	39,319,703
Effect of weighted average dilutive stock-based awards	0	963,645	1,666,621	0
Weighted average shares used in computing diluted earnings per share	40,934,689	40,645,982	42,237,438	39,319,703
Net (loss) income per share—basic and diluted
Basic	$ (0.02)	$ 0.03	$ 0.12	$ (0.20)
Diluted	$ (0.02)	$ 0.03	$ 0.12	$ (0.20)

(Loss) Earnings per Share - Out

(Loss) Earnings per Share - Outstanding Common Shares Excluded from Computation of Dilutive Earnings (Loss) per Share (Detail) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
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	1,803	1,570	147	2,234
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	3,185	155	56	3,264

Stock based Compensation - Addi

Stock based Compensation - Additional Information (Detail) $ in Millions	9 Months Ended
	Sep. 30, 2021USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock-based compensation expense	$ 23.6
Weighted average period	2 years 3 months 10 days

Stock Based Compensation - Weig

Stock Based Compensation - Weighted Average Assumptions Utilized (Detail) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average fair value of options granted during the period	$ 6.29	$ 4.86	$ 7.51	$ 4.01
Risk-free interest rate	1.14%	0.33%	1.16%	0.76%
Expected volatility	48.00%	47.00%	48.00%	46.00%
Expected life (in years)	6 years 2 months 12 days	5 years 10 months 24 days	6 years 2 months 12 days	6 years 1 month 6 days
Expected 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		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation	$ 2,333	$ 2,008	$ 7,234	$ 6,724
Subscription and Support Revenue [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation	157	139	501	452
Professional Services and Other Revenue [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation	113	63	299	233
Research and Development [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation	408	142	1,261	839
Sales and Marketing [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation	583	768	2,082	2,440
General and Administrative [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation	$ 1,072	$ 896	$ 3,091	$ 2,760

Stock Based Compensation - Su_2

Stock Based Compensation - Summary of Stock Option Activity (Detail) - Options Outstanding [Member] $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2021USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares, Outstanding at December 31, 2020 | shares	2,110,486
Shares, Granted | shares	92,905
Shares, Exercised | shares	(254,502)
Shares, Cancelled | shares	(145,930)
Shares, Outstanding at September 30, 2021 | shares	1,802,959
Shares, Exercisable at September 30, 2021 | shares	1,313,116
Weighted-Average Exercise Price, Outstanding at December 31, 2020 | $ / shares	$ 9.19
Weighted-Average Exercise Price, Granted | $ / shares	16.05
Weighted-Average Exercise Price, Exercised | $ / shares	8.65
Weighted-Average Exercise Price, Cancelled | $ / shares	10.17
Weighted-Average Exercise Price, Outstanding at September 30, 2021 | $ / shares	9.56
Weighted-Average Exercise Price, Exercisable at September 30, 2021 | $ / shares	$ 8.96
Weighted-Average Remaining Contractual Term, Outstanding at September 30, 2021	5 years 11 months 8 days
Weighted-Average Remaining Contractual Term, Exercisable at September 30, 2021	5 years 2 months 23 days
Aggregate Intrinsic Value, Exercised | $	$ 2,724	[1]
Aggregate Intrinsic Value, Outstanding at September 30, 2021 | $	4,177	[1]
Aggregate Intrinsic Value, Exercisable at September 30, 2021 | $	$ 3,522	[1]
[1]	The aggregate intrinsic value was calculated based on the positive difference between the fair value of the Company’s common stock on September 30, 2021 of $11.54 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)	Sep. 30, 2021USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement, Exercisable, Aggregate Intrinsic Value	$ 11.54

Stock Based Compensation - Su_4

Stock Based Compensation - Summary of RSU Activity (Detail) - RSUs [Member]	9 Months Ended
	Sep. 30, 2021$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Unvested Shares, Beginning Balance | shares	3,588,217
Granted | shares	1,103,277
Vested and issued | shares	(728,728)
Cancelled | shares	(777,476)
Unvested Shares, Ending Balance | shares	3,185,290
Weighted Average Grant Date Fair Value, Beginning Balance | $ / shares	$ 10.35
Weighted Average Grant Date Fair Value, Granted | $ / shares	14.33
Weighted Average Grant Date Fair Value, Vested and issued | $ / shares	9.01
Weighted Average Grant Date Fair Value, Cancelled | $ / shares	10.49
Weighted Average Grant Date Fair Value, Ending Balance | $ / shares	$ 12
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	2,000,416
Granted | shares	1,039,266
Vested and issued | shares	(546,818)
Cancelled | shares	(411,567)
Unvested Shares, Ending Balance | shares	2,081,297
Weighted Average Grant Date Fair Value, Beginning Balance | $ / shares	$ 10.40
Weighted Average Grant Date Fair Value, Granted | $ / shares	14.44
Weighted Average Grant Date Fair Value, Vested and issued | $ / shares	9.11
Weighted Average Grant Date Fair Value, Cancelled | $ / shares	11.38
Weighted Average Grant Date Fair Value, Ending Balance | $ / shares	$ 12.56
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	1,587,801
Granted | shares	64,011
Vested and issued | shares	(181,910)
Cancelled | shares	(365,909)
Unvested Shares, Ending Balance | shares	1,103,993
Weighted Average Grant Date Fair Value, Beginning Balance | $ / shares	$ 10.30
Weighted Average Grant Date Fair Value, Granted | $ / shares	12.65
Weighted Average Grant Date Fair Value, Vested and issued | $ / shares	8.74
Weighted Average Grant Date Fair Value, Cancelled | $ / shares	9.50
Weighted Average Grant Date Fair Value, Ending Balance | $ / shares	$ 10.97

Debt - Additional Information (

Debt - Additional Information (Detail) $ in Millions	9 Months Ended
	Sep. 30, 2021USD ($)
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.
Line of Credit maturity date	Dec. 28, 2023
Secured Line of Credit [Member]
Debt Instrument [Line Items]
Line of credit, agreement start date	Dec. 28, 2020
Line of credit maximum borrowing capacity	$ 30
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
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	225.00%

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		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 52,163	$ 49,084	$ 158,452	$ 143,663
North America [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	29,420	27,515	89,204	78,553
Europe [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	9,689	8,435	28,159	25,323
Japan [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	6,185	5,688	19,263	17,344
Asia Pacific [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	6,746	7,211	21,421	21,795
Other [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 123	$ 235	$ 405	$ 648

Segment Information - Additiona

Segment Information - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues from customers	$ 52,163	$ 49,084	$ 158,452	$ 143,663
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	$ 27,600	$ 25,600	$ 83,600	$ 72,500