Brightcove (BCOV) 10-Q 27 Apr 22 2022 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2022	Apr. 25, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Entity Registrant Name	BRIGHTCOVE INC
Entity Central Index Key	0001313275
Current Fiscal Year End Date	--12-31
Document Quarterly Report	true
Document Transition Report	false
Trading Symbol	BCOV
Entity Filer Category	Accelerated Filer
Entity Shell Company	false
Entity Small Business	false
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Interactive Data Current	Yes
Entity Incorporation, State or Country Code	DE
Entity Address, City or Town	Boston
Entity Address, State or Province	MA
Entity Address, Address Line One	281 Summer Street
Entity Address, Postal Zip Code	02210
City Area Code	888
Local Phone Number	882-1880
Entity Tax Identification Number	20-1579162
Entity File Number	001-35429
Title of 12(b) Security	Common Stock
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		41,552,088

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 26,705	$ 45,739
Accounts receivable, net of allowance of $379 and $353 at March 31, 2022 and December 31, 2021, respectively	34,037	29,866
Prepaid expenses	10,740	7,792
Other current assets	11,099	10,833
Total current assets	82,581	94,230
Property and equipment, net	26,317	20,514
Operating lease right-of-use asset	23,655	24,891
Intangible assets, net	12,881	9,276
Goodwill	74,838	60,902
Other assets	6,612	6,655
Total assets	226,884	216,468
Current liabilities:
Accounts payable	14,027	11,039
Accrued expenses	22,851	20,925
Operating lease liability	2,950	2,600
Deferred revenue	64,110	62,057
Total current liabilities	103,938	96,621
Operating lease liability, net of current portion	21,920	22,801
Other liabilities	932	786
Total liabilities	126,790	120,208
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; 41,685,163 and 41,384,643 shares issued at March 31, 2022 and December 31, 2021, respectively	42	41
Additional paid-in capital	304,506	298,793
Treasury stock, at cost; 135,000 shares	(871)	(871)
Accumulated other comprehensive loss	(905)	(662)
Accumulated deficit	(202,678)	(201,041)
Total stockholders' equity	100,094	96,260
Total liabilities and stockholders' equity	$ 226,884	$ 216,468

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Allowance for accounts receivable	$ 379	$ 353
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	41,685,163	41,384,643
Treasury stock, shares	135,000	135,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenue:
Revenue	$ 53,379	$ 54,817
Cost of revenue:
Cost of revenue	18,980	19,168
Gross profit	34,399	35,649
Operating expenses:
Research and development	8,237	8,284
Sales and marketing	18,288	16,149
General and administrative	8,089	7,059
Merger-related	594	0
Other expense (benefit)	1,149	(1,965)
Total operating expenses	36,357	29,527
(Loss) income from operations	(1,958)	6,122
Other (expense), net	(387)	(735)
(Loss) income before income taxes	(2,345)	5,387
(Benefit) provision for income taxes	(708)	257
Net (loss) income	$ (1,637)	$ 5,130
Net (loss) income per share—basic and diluted
Basic	$ (0.04)	$ 0.13
Diluted	$ (0.04)	$ 0.12
Weighted-average shares—basic and diluted
Basic	41,436	40,154
Diluted	41,436	42,480
Subscription and Support Revenue [Member]
Revenue:
Revenue	$ 51,601	$ 50,839
Cost of revenue:
Cost of revenue	16,982	15,678
Professional Services and Other Revenue [Member]
Revenue:
Revenue	1,778	3,978
Cost of revenue:
Cost of revenue	$ 1,998	$ 3,490

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive (Loss) Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (1,637)	$ 5,130
Other comprehensive income:
Foreign currency translation adjustments	(243)	(209)
Comprehensive (loss) income	$ (1,880)	$ 4,921

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, 2020		$ 40	$ 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)
Issuance of common stock upon exercise of stock options
Issuance of common stock upon exercise of stock options and pursuant to restricted stock units		$ 1,008
Issuance of common stock upon exercise of stock options and pursuant to restricted stock units, shares		260,556
Common stock issued upon acquisition	$ 0
Stock-based compensation expense			2,336
Foreign currency translation adjustment	(209)				(209)
Net (loss) income						5,130
Ending Balance at Mar. 31, 2021	87,867	$ 40	290,403	$ (871)	(397)	(201,308)
Ending Balance, shares at Mar. 31, 2021		40,412,577
Treasury stock, Ending Balance at Mar. 31, 2021				(135,000)
Common stock issued upon acquisition	0
Beginning Balance at Dec. 31, 2021	$ 96,260	$ 41	298,793	$ (871)	(662)	(201,041)
Beginning Balance, shares at Dec. 31, 2021		41,384,643
Treasury shares, beginning Balance at Dec. 31, 2021	(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		$ 100
Issuance of common stock upon exercise of stock options and pursuant to restricted stock units, shares		300,520
Common stock issued upon acquisition	$ 1
Stock-based compensation expense			3,627
Foreign currency translation adjustment	(243)				(243)
Net (loss) income						(1,637)
Ending Balance at Mar. 31, 2022	$ 100,094	$ 42	$ 304,506	$ (871)	$ (905)	$ (202,678)
Ending Balance, shares at Mar. 31, 2022		41,685,163
Treasury stock, Ending Balance at Mar. 31, 2022	(135,000)			(135,000)
Common stock issued upon acquisition	$ 1,986

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Operating activities
Net (loss) income	$ (1,637)	$ 5,130
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	2,061	2,163
Stock-based compensation	3,479	2,292
Provision for reserves on accounts receivable	106	71
Changes in assets and liabilities:
Accounts receivable	(3,802)	(1,585)
Prepaid expenses and other current assets	(1,550)	(1,390)
Other assets	54	(919)
Accounts payable	347	(425)
Accrued expenses	(1,980)	(5,797)
Operating leases	705	(626)
Deferred revenue	1,527	482
Net cash used in operating activities	(690)	(604)
Investing activities
Cash paid for acquisition, net of cash acquired	(13,176)	0
Purchases of property and equipment	(1,884)	(468)
Capitalized internal-use software costs	(2,882)	(1,054)
Net cash used in investing activities	(17,942)	(1,522)
Financing activities
Proceeds from exercise of stock options	100	1,095
Deferred acquisition payments	0	(475)
Other financing activities	0	(87)
Net cash provided by financing activities	100	533
Effect of exchange rate changes on cash and cash equivalents	(502)	(727)
Net decrease in cash and cash equivalents	(19,034)	(2,320)
Cash and cash equivalents at beginning of period	45,739	37,472
Cash and cash equivalents at end of period	26,705	35,152
Supplemental disclosure of cash flow information
Cash paid for operating lease liabilities	796	1,477
Cash paid for income taxes	$ 216	$ 314

Business Description and Basis

Business Description and Basis of Presentation	3 Months Ended
	Mar. 31, 2022
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. 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, 2021 contained in the Company’s Annual Report on Form 10-K

Quarterly Update to Significant

Quarterly Update to Significant Accounting Policies	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Quarterly Update to Significant Accounting Policies	2. Quarterly Update to Significant Accounting Policies Allowance for Doubtful Accounts The following details the changes in the Company’s reserve allowance for estimated credit losses for accounts receivable for the period: Allowance for Credit Losses (in thousands) Balance as of December 31, 2021 $ 353 Current provision for credit losses 106 Write-offs against allowance (80 ) Recoveries — Balance as of March 31, 2022 $ 379 Estimated credit losses for unbilled trade accounts receivable were not material. Other Expense (Benefit) Other expense (benefit), 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 28, 2022 the CEO of the Company retired. Pursuant to a Transition Agreement that was entered into by the CEO and the Company in October 2021, the Company recorded $1.1 million of expense reflecting both wages and stock compensation in the first quarter of 2022. On March 27, 2020, in response to the COVID-19 million from the CARES Act related to employee retention credits. The Company recognizes such government relief when it is reasonably assured that it qualifies for the relief, the underlying expense has been incurred and it is probable that the Company will receive it. Credits associated with government relief are recognized in profit or loss on a systematic basis over the periods in which the Company recognizes as expense the related costs for which the relief is intended to compensate. Recently Issued and Adopted Accounting Pronouncements In November 2021, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2021-10, , Other Expense (Benefit) In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. Under ASU 2021-08, an acquirer must recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with ASU 2014-09, Revenue from Contracts with Customers (Topic 606). The guidance is effective for interim and annual periods beginning after December 15, 2022, with early adoption permitted. Effective January 1, 2022, the Company early adopted ASU 2021-08 on a prospective basis. The impact of adoption of this standard on the Company’s consolidated financial statements was not material.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	3 Months Ended
	Mar. 31, 2022
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 Assets Deferred Deferred Revenue (non- current) Total Deferred Balance at December 31, 2021 $ 29,866 $ 2,375 $ 62,057 $ 114 $ 62,171 Balance at March 31, 2022 34,037 2,498 64,110 299 64,409 Revenue recognized for the three months ended March 31, 2022 from amounts included in deferred revenue at the beginning of the period was approximately $32.8 million. Revenue recognized during the three months ended March 31, 2021 from amounts included in deferred revenue at the beginning of the period was approximately $31.2 million. During the three months ended March 31, 2022, 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 $12.3 million as of March 31, 2022 and $12.2 million as of December 31, 2021. Amortization expense recognized for the three months ended March 31, 2022 related to costs to obtain a contract was $2.5 million. Amortization expense recognized for the three months ended March 31, 2021 related to costs to obtain a contract was $3.1 million. Transaction Price Allocated to Future Performance Obligations As of March 31, 2022, the total aggregate transaction price allocated to the unsatisfied performance obligations for subscription and support contracts was approximately $159.2 million, of which approximately $128.7 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	3 Months Ended
	Mar. 31, 2022
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents	4. Cash and Cash Equivalents Cash and cash equivalents as of March 31, 2022 consist of the following: March 31, 2022 Description Contracted Maturity Cost Fair Market Value Cash Demand $ 26,664 $ 26,664 Money market funds Demand 41 41 Total cash and cash equivalents $ 26,705 $ 26,705 Cash and cash equivalents as of December 31, 2021 consist of the following: December 31, 2021 Description Contracted Maturity Cost Fair Market Value Cash Demand $ 45,698 $ 45,698 Money market funds Demand 41 41 Total cash and cash equivalents $ 45,739 $ 45,739

Net (Loss) Income per Share

Net (Loss) Income per Share	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Net (Loss) Income per Share	5. Net (Loss) Income per Share The Company calculates basic and diluted (loss) earnings per common share by dividing the (loss) earnings amount by the number of common shares outstanding during the period. The calculation of diluted earnings per common share includes the effects of the assumed exercise of any outstanding stock options and the assumed vesting of shares of restricted stock awards, where dilutive. The following table set forth the computations of basic and diluted (loss) earnings per share: Three Months Ended March 31, (in thousands) 2022 2021 Net (loss) income $ (1,637 ) $ 5,130 Weighted average shares used in computing basic earnings per share 41,436 40,154 Effect of weighted average dilutive stock-based awards — 2,326 Weighted average shares used in computing diluted earnings per share 41,436 42,480 Net (loss) income per share—basic and diluted Basic $ (0.04 ) $ 0.13 Diluted $ (0.04 ) $ 0.12 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 March 31, (shares in thousands) 2022 2021 Options outstanding 1,607 34 Restricted stock units outstanding 4,589 68

Stock-based Compensation

Stock-based Compensation	3 Months Ended
	Mar. 31, 2022
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 March 31, 2022 2021 Weighted-average fair value of options granted during the period $ — $ 10.55 Risk-free interest rate — 1.00 % Expected volatility — 47 % Expected life (in years) — 6.3 Expected dividend yield — — As of March 31, 2022, there was $ 2021: Three Months Ended March 31, 2022 2021 Stock-based compensation: (in thou sands) Cost of subscription and support revenue $ 109 $ 157 Cost of professional services and other revenue 119 68 Research and development 722 322 Sales and marketing 943 737 General and administrative 1,337 1,008 Other expense (benefit) 249 — $ 3,479 $ 2,292 The following is a summary of the stock option activity during the three months ended March 31, 2022. Number of Shares Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term (In Years) Aggregate Intrinsic Value (1) Outstanding at December 31, 2021 1,681,477 $ 9.59 Granted — — Exercised (15,900 ) 6.31 $ 33,483 Canceled (58,236 ) 11.78 Outstanding at March 31, 2022 1,607,341 $ 9.54 5.72 $ 461,756 Exercisable at March 31, 2022 1,195,855 $ 9.05 5.14 $ 456,686 (1) The aggregate intrinsic value was calculated based on the positive difference between the fair value of the Company’s common stock on March 31, 2022 of $7.80 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, 2021 2,915,720 $ 11.66 1,021,172 $ 11.04 3,936,892 $ 11.50 Granted 1,943,905 7.24 — — 1,943,905 7.24 Vested and issued (72,113 ) 10.33 — — (72,113 ) 10.33 Canceled (198,389 ) 10.62 (188,732 ) 12.96 (387,121 ) 11.76 Unvested at March 31, 2022 4,589,123 $ 8.34 832,440 $ 10.61 5,421,563 $ 9.97

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2022
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 March 31, 2022 and December 31, 2021, 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. During the three months ended March 31, 2022, the Company recorded a benefit of $1.0 million in the U.S. for the release of a portion of the Company’s valuation allowance. This release of the valuation allowance is related to the Wicket Acquisition completed in February 2022 and the creation of deferred tax liabilities in purchase accounting that serve as a source of income for the Company’s pre-existing deferred tax assets.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2022
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 March 31, 2022, 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	3 Months Ended
	Mar. 31, 2022
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 The Company was in compliance with all applicable covenants under the Line of Credit as of March 31, 2022 and there were

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2022
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 March 31, 2022 2021 Revenue: North America $ 29,461 $ 30,386 Europe 9,105 8,923 Japan 7,261 7,708 Asia Pacific 7,436 7,659 Other 116 141 Total revenue $ 53,379 $ 54,817 North America is comprised of revenue from the United States, Canada and Mexico. Revenue from customers located in the United States was $27.7 million and $28.5 million for the three months ended March 31, 2022 and 2021, respectively. Other than the United States and Japan, no other country contributed more than 10% of the Company’s total revenue during the three months ended March 31, 2022 and 2021. As of March 31, 2022 and December 31, 2021, property and equipment at locations outside the U.S. was not material.

Business Combinations

Business Combinations	3 Months Ended
	Mar. 31, 2022
Business Combinations [Abstract]
Business Combinations	1 1 Other Business Combinations On February 1, 2022, the Company acquired 100% of the outstanding shares of Wicket Labs, Inc. (“Wicket Labs”) a provider of subscriber and content insights, in exchange for common stock of the Company and cash, (“Wicket Acquisition”). At the closing, the Company issued 212,507 unregistered shares of common stock of the Company valued at approximately The Wicket Acquisition was accounted for using the purchase method of accounting in accordance with Accounting Standards Codification 805 — Business Combinations During the three months ended March 31, 2022 the Company incurred $ million of merger-related costs related to the Wicket 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 Wicket Acquisition. These benefits include the acquired workforce and opportunities to expand the Company’s offerings in target market segments that use subscriber and content insights to make decisions. The goodwill is expected to be non-deductible The total purchase price for the Wicket Acquisition has been allocated as follows: Cash $ 53 Accounts receivable and other assets 782 Identifiable intangible assets 4,382 Goodwill 13,936 Deferred revenue (1,033 ) Deferred tax liabilities (1,009 ) Other liabilities (96 ) Total estimated purchase price $ 17,015 The following are the identifiable intangible assets acquired and their respective useful lives, as determined based on preliminary valuations: Amount Useful Life Developed technology $ 4,200 6 Customer relationships 182 5 Total $ 4,382 The preliminary fair value of the intangible assets has been estimated using the income approach in which the after-tax The estimated remaining amortization expense for 2022 and for each of the five succeeding years and thereafter is as follows: Year Ending December 31, Amount 2022 $ 614 2023 736 2024 736 2025 736 2026 736 2027 and thereafter 824 Total $ 4,382 Pro forma results of operations for the Wicket Acquisition have not been presented because the effect of the acquisition is not material to the Company’s consolidated financial results. Revenue and earnings attributable to acquired operations since the date of the acquisition are included in the Company’s consolidated statements of operations. The changes in the carrying amount of goodwill for the three months ended March 31, 2022 were as follows: Balance as of January 1, 2022 $ 60,902 Wicket acquisition 13,936 Balance as of March 31, 2022 $ 74,838

Business Description and Basi_2

Business Description and Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2022
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, 2021 contained in the Company’s Annual Report on Form 10-K
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, 2021 $ 353 Current provision for credit losses 106 Write-offs against allowance (80 ) Recoveries — Balance as of March 31, 2022 $ 379
Other Expense (Benefit)	Other Expense (Benefit) Other expense (benefit), 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 28, 2022 the CEO of the Company retired. Pursuant to a Transition Agreement that was entered into by the CEO and the Company in October 2021, the Company recorded $1.1 million of expense reflecting both wages and stock compensation in the first quarter of 2022. On March 27, 2020, in response to the COVID-19 million from the CARES Act related to employee retention credits. The Company recognizes such government relief when it is reasonably assured that it qualifies for the relief, the underlying expense has been incurred and it is probable that the Company will receive it. Credits associated with government relief are recognized in profit or loss on a systematic basis over the periods in which the Company recognizes as expense the related costs for which the relief is intended to compensate.
Recently Issued and Adopted Accounting Pronouncements	Recently Issued and Adopted Accounting Pronouncements In November 2021, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2021-10, , Other Expense (Benefit) In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. Under ASU 2021-08, an acquirer must recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with ASU 2014-09, Revenue from Contracts with Customers (Topic 606). The guidance is effective for interim and annual periods beginning after December 15, 2022, with early adoption permitted. Effective January 1, 2022, the Company early adopted ASU 2021-08 on a prospective basis. The impact of adoption of this standard on the Company’s consolidated financial statements was not material.

Quarterly Update to Significa_2

Quarterly Update to Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Schedule of Allowance for Doubtful Accounts	Allowance for Credit Losses (in thousands) Balance as of December 31, 2021 $ 353 Current provision for credit losses 106 Write-offs against allowance (80 ) Recoveries — Balance as of March 31, 2022 $ 379

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	3 Months Ended
	Mar. 31, 2022
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 Assets Deferred Deferred Revenue (non- current) Total Deferred Balance at December 31, 2021 $ 29,866 $ 2,375 $ 62,057 $ 114 $ 62,171 Balance at March 31, 2022 34,037 2,498 64,110 299 64,409

Cash and Cash Equivalents (Tabl

Cash and Cash Equivalents (Tables)	3 Months Ended
	Mar. 31, 2022
Cash and Cash Equivalents [Abstract]
Schedule of Cash and Cash Equivalents	Cash and cash equivalents as of March 31, 2022 consist of the following: March 31, 2022 Description Contracted Maturity Cost Fair Market Value Cash Demand $ 26,664 $ 26,664 Money market funds Demand 41 41 Total cash and cash equivalents $ 26,705 $ 26,705 Cash and cash equivalents as of December 31, 2021 consist of the following: December 31, 2021 Description Contracted Maturity Cost Fair Market Value Cash Demand $ 45,698 $ 45,698 Money market funds Demand 41 41 Total cash and cash equivalents $ 45,739 $ 45,739

Net (Loss) Income per Share (Ta

Net (Loss) Income per Share (Tables)	3 Months Ended
	Mar. 31, 2022
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 March 31, (in thousands) 2022 2021 Net (loss) income $ (1,637 ) $ 5,130 Weighted average shares used in computing basic earnings per share 41,436 40,154 Effect of weighted average dilutive stock-based awards — 2,326 Weighted average shares used in computing diluted earnings per share 41,436 42,480 Net (loss) income per share—basic and diluted Basic $ (0.04 ) $ 0.13 Diluted $ (0.04 ) $ 0.12
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 March 31, (shares in thousands) 2022 2021 Options outstanding 1,607 34 Restricted stock units outstanding 4,589 68

Stock-based Compensation (Table

Stock-based Compensation (Tables)	3 Months Ended
	Mar. 31, 2022
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 March 31, 2022 2021 Weighted-average fair value of options granted during the period $ — $ 10.55 Risk-free interest rate — 1.00 % Expected volatility — 47 % Expected life (in years) — 6.3 Expected dividend yield — —
Summary of Stock-based Compensation Expense	Three Months Ended March 31, 2022 2021 Stock-based compensation: (in thou sands) Cost of subscription and support revenue $ 109 $ 157 Cost of professional services and other revenue 119 68 Research and development 722 322 Sales and marketing 943 737 General and administrative 1,337 1,008 Other expense (benefit) 249 — $ 3,479 $ 2,292
Summary of Stock Option Activity	Number of Shares Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term (In Years) Aggregate Intrinsic Value (1) Outstanding at December 31, 2021 1,681,477 $ 9.59 Granted — — Exercised (15,900 ) 6.31 $ 33,483 Canceled (58,236 ) 11.78 Outstanding at March 31, 2022 1,607,341 $ 9.54 5.72 $ 461,756 Exercisable at March 31, 2022 1,195,855 $ 9.05 5.14 $ 456,686 (1) The aggregate intrinsic value was calculated based on the positive difference between the fair value of the Company’s common stock on March 31, 2022 of $7.80 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, 2021 2,915,720 $ 11.66 1,021,172 $ 11.04 3,936,892 $ 11.50 Granted 1,943,905 7.24 — — 1,943,905 7.24 Vested and issued (72,113 ) 10.33 — — (72,113 ) 10.33 Canceled (198,389 ) 10.62 (188,732 ) 12.96 (387,121 ) 11.76 Unvested at March 31, 2022 4,589,123 $ 8.34 832,440 $ 10.61 5,421,563 $ 9.97

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2022
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 March 31, 2022 2021 Revenue: North America $ 29,461 $ 30,386 Europe 9,105 8,923 Japan 7,261 7,708 Asia Pacific 7,436 7,659 Other 116 141 Total revenue $ 53,379 $ 54,817

Business Combinations (Tables)

Business Combinations (Tables)	3 Months Ended
	Mar. 31, 2022
Business Acquisition [Line Items]
Schedule of Total Purchase Price	The total purchase price for the Wicket Acquisition has been allocated as follows: Cash $ 53 Accounts receivable and other assets 782 Identifiable intangible assets 4,382 Goodwill 13,936 Deferred revenue (1,033 ) Deferred tax liabilities (1,009 ) Other liabilities (96 ) Total estimated purchase price $ 17,015
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 Developed technology $ 4,200 6 Customer relationships 182 5 Total $ 4,382
Schedule of Estimated Remaining Amortization Expense	The estimated remaining amortization expense for 2022 and for each of the five succeeding years and thereafter is as follows: Year Ending December 31, Amount 2022 $ 614 2023 736 2024 736 2025 736 2026 736 2027 and thereafter 824 Total $ 4,382
Schedule of Changes in the Carrying Amount of Goodwill	The changes in the carrying amount of goodwill for the three months ended March 31, 2022 were as follows: Balance as of January 1, 2022 $ 60,902 Wicket acquisition 13,936 Balance as of March 31, 2022 $ 74,838

Quarterly Update to Significa_3

Quarterly Update to Significant Accounting Policies - Schedule of Allowance for Doubtful Accounts (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)
Credit Loss [Abstract]
Balance as of December 31, 2020	$ 353
Current provision for credit losses	106
Write-offs against allowance	(80)
Recoveries
Balance as of Sept 30, 2021	$ 379

Quarterly Update to Significa_4

Quarterly Update to Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee retention credits benefits recognized	$ (1,149)	$ 1,965
Transition Agreement [Member] | Other Operating Income (Expense) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Wages and stock compensation	$ 1,100

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	Mar. 31, 2022	Dec. 31, 2021
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Accounts receivable, net	$ 34,037	$ 29,866
Deferred Revenue (current)	64,110	62,057
Accounting Standards Update 2014-09 [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Accounts receivable, net	34,037	29,866
Contract Assets (current)	2,498	2,375
Deferred Revenue (current)	64,110	62,057
Deferred Revenue (non- current)	299	114
Total Deferred Revenue	$ 64,409	$ 62,171

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Revenue recognized	$ 32.8	$ 31.2
Assets recognized to obtain a contract	12.3		$ 12.2
Amortization expense recognized to obtain a contract	2.5	$ 3.1
Subscription and Support Revenue [Member]
Unsatisfied performance obligations	159.2
Subscription and Support Revenue [Member] | Next Twelve Months [Member]
Unsatisfied performance obligations	$ 128.7

Cash and Cash Equivalents - Sch

Cash and Cash Equivalents - Schedule of Cash and Cash Equivalents (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Investment Holdings [Line Items]
Cost	$ 26,705	$ 45,739
Fair Market Value	26,705	45,739
Cash [Member]
Investment Holdings [Line Items]
Cost	26,664	45,698
Fair Market Value	26,664	45,698
Money Market Funds [Member]
Investment Holdings [Line Items]
Cost	41	41
Fair Market Value	$ 41	$ 41

Net (Loss) Income per Share - S

Net (Loss) Income per Share - Schedule of Computations of Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Schedule Of Earnings Per Share Basic And Diluted [Abstract]
Net (loss) income	$ (1,637)	$ 5,130
Weighted average shares used in computing basic earnings per share	41,436	40,154
Effect of weighted average dilutive stock-based awards	0	2,326
Weighted average shares used in computing diluted earnings per share	41,436	42,480
Net (loss) income per share—basic and diluted
Basic	$ (0.04)	$ 0.13
Diluted	$ (0.04)	$ 0.12

Net (Loss) Income per Share - O

Net (Loss) Income per Share - Outstanding Common Shares Excluded from Computation of Dilutive Earnings (Loss) per Share (Detail) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
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	1,607	34
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	4,589	68

Stock based Compensation - Addi

Stock based Compensation - Additional Information (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock-based compensation expense	$ 39
Weighted average period	2 years 9 months 18 days

Stock Based Compensation - Weig

Stock Based Compensation - Weighted Average Assumptions Utilized (Detail) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average fair value of options granted during the period	$ 0	$ 10.55
Risk-free interest rate	0.00%	1.00%
Expected volatility	0.00%	47.00%
Expected life (in years)		6 years 3 months 18 days
Expected dividend yield	0.00%	0.00%

Stock Based Compensation - Summ

Stock Based Compensation - Summarizes Stock-based Compensation Expense (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation	$ 3,479	$ 2,292
Subscription and Support Revenue [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation	109	157
Professional Services and Other Revenue [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation	119	68
Research and Development [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation	722	322
Sales and Marketing [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation	943	737
General and Administrative [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation	1,337	$ 1,008
Other expense (benefit) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation	$ 249

Stock Based Compensation - Su_2

Stock Based Compensation - Summary of Stock Option Activity (Detail) - Options Outstanding [Member] $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares, Outstanding at December 31, 2021 | shares	1,681,477
Shares, Granted | shares	0
Shares, Exercised | shares	(15,900)
Shares, Cancelled | shares	(58,236)
Shares, Outstanding at March 31, 2022 | shares	1,607,341
Shares, Exercisable at March 31, 2022 | shares	1,195,855
Weighted-Average Exercise Price, Outstanding at December 31, 2021 | $ / shares	$ 9.59
Weighted-Average Exercise Price, Granted | $ / shares	0
Weighted-Average Exercise Price, Exercised | $ / shares	6.31
Weighted-Average Exercise Price, Cancelled | $ / shares	11.78
Weighted-Average Exercise Price, Outstanding at March 31, 2022 | $ / shares	9.54
Weighted-Average Exercise Price, Exercisable at March 31, 2022 | $ / shares	$ 9.05
Weighted-Average Remaining Contractual Term, Outstanding	5 years 8 months 19 days
Weighted-Average Remaining Contractual Term, Exercisable at March 31, 2022	5 years 1 month 20 days
Aggregate Intrinsic Value, Exercised | $	$ 33,483	[1]
Aggregate Intrinsic Value, Outstanding at March 31, 2022 | $	461,756	[1]
Aggregate Intrinsic Value, Exercisable at March 31, 2022 | $	$ 456,686	[1]
[1]	The aggregate intrinsic value was calculated based on the positive difference between the fair value of the Company’s common stock on March 31, 2022 of $7.80 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)	Mar. 31, 2022$ / 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	$ 7.80

Stock Based Compensation - Su_4

Stock Based Compensation - Summary of RSU Activity (Detail) - RSUs [Member]	3 Months Ended
	Mar. 31, 2022$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Unvested Shares, Beginning Balance | shares	3,936,892
Granted | shares	1,943,905
Vested and issued | shares	(72,113)
Cancelled | shares	(387,121)
Unvested Shares, Ending Balance | shares	5,421,563
Weighted Average Grant Date Fair Value, Beginning Balance | $ / shares	$ 11.50
Weighted Average Grant Date Fair Value, Granted | $ / shares	7.24
Weighted Average Grant Date Fair Value, Vested and issued | $ / shares	10.33
Weighted Average Grant Date Fair Value, Cancelled | $ / shares	11.76
Weighted Average Grant Date Fair Value, Ending Balance | $ / shares	$ 9.97
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	2,915,720
Granted | shares	1,943,905
Vested and issued | shares	(72,113)
Cancelled | shares	(198,389)
Unvested Shares, Ending Balance | shares	4,589,123
Weighted Average Grant Date Fair Value, Beginning Balance | $ / shares	$ 11.66
Weighted Average Grant Date Fair Value, Granted | $ / shares	7.24
Weighted Average Grant Date Fair Value, Vested and issued | $ / shares	10.33
Weighted Average Grant Date Fair Value, Cancelled | $ / shares	10.62
Weighted Average Grant Date Fair Value, Ending Balance | $ / shares	$ 8.34
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	1,021,172
Cancelled | shares	(188,732)
Unvested Shares, Ending Balance | shares	832,440
Weighted Average Grant Date Fair Value, Beginning Balance | $ / shares	$ 11.04
Weighted Average Grant Date Fair Value, Cancelled | $ / shares	12.96
Weighted Average Grant Date Fair Value, Ending Balance | $ / shares	$ 10.61

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)
Income Tax Disclosure [Abstract]
Valuation allowance, deferred tax asset increase (decrease), amount	$ 1

Debt - Additional Information (

Debt - Additional Information (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)
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
	Mar. 31, 2022	Mar. 31, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 53,379	$ 54,817
North America [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	29,461	30,386
Europe [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	9,105	8,923
Japan [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	7,261	7,708
Asia Pacific [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	7,436	7,659
Other [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 116	$ 141

Segment Information - Additiona

Segment Information - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues from customers	$ 53,379	$ 54,817
Revenue percentage from other country to the company's total revenue	10.00%	10.00%
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues from customers	$ 27,700	$ 28,500

Business Combinations - Additio

Business Combinations - Additional Information (Detail) - USD ($) $ in Thousands	Feb. 01, 2022	Mar. 31, 2022	Mar. 31, 2021
Subsequent Event [Line Items]
Common stock ,Value		$ 1	$ 0
Business combination acquisition related costs		594	$ 0
Wicket Acquisition [Member]
Subsequent Event [Line Items]
Cash	$ 13,200
Held back for secure payment of claims	$ 1,800
Percentage Of Outstanding Shares	100.00%
Wicket Acquisition [Member] | Common Stock [Member]
Subsequent Event [Line Items]
Common stock ,Shares	212,507
Common stock ,Value	$ 2,000
Wicket Labs, Inc [Member]
Subsequent Event [Line Items]
Business combination acquisition related costs		$ 600

Business Combinations - Schedul

Business Combinations - Schedule of Total Purchase Price (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Goodwill	$ 74,838	$ 60,902
Wicket Acquisition [Member]
Business Acquisition [Line Items]
Cash	53
Accounts receivable and other assets	782
Identifiable intangible assets	4,382
Goodwill	13,936
Deferred revenue	(1,033)
Deferred tax liabilities	(1,009)
Other liabilities	(96)
Total estimated purchase price	$ 17,015

Business Combinations - Sched_2

Business Combinations - Schedule of Identifiable Intangible Assets Acquired and Their respective Useful Lives (Details 1) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)
Total	$ 4,382
Developed Technology Rights [Member]
Amount	$ 4,200
Useful Life	6 years
Customer Relationships [Member]
Amount	$ 182
Useful Life	5 years

Business Combinations - Sched_3

Business Combinations - Schedule of Estimated Remaining Amortization Expense (Details 2) $ in Thousands	Mar. 31, 2022USD ($)
2022	$ 614
2023	736
2024	736
2025	736
2026	736
2027 and thereafter	824
Total	$ 4,382

Business Combinations - Sched_4

Business Combinations - Schedule of Changes in the Carrying Amount of Goodwill (Detail 3) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)
Business Combination Segment Allocation [Line Items]
Beginning balance	$ 60,902
Wicket acquisition	13,936
Ending balance	$ 74,838