Welcome to our dedicated page for Everbridge news (Ticker: EVBG), a resource for investors and traders seeking the latest updates and insights on Everbridge stock.
Everbridge, Inc. (NASDAQ: EVBG) stands as a global leader in critical event management and enterprise safety applications. The company specializes in automating and expediting operational responses to critical incidents to ensure the safety of people and the continuity of business operations. With a robust SaaS-based platform, Everbridge aids in aggregating and assessing threat data, locating individuals at risk, coordinating responders, automating communication processes, and tracking the execution of response plans.
In times of public safety threats such as active shooter situations, terrorist attacks, or severe weather conditions, as well as critical business events including IT outages or cyber-attacks, over 3,400 customers worldwide depend on Everbridge's services. The platform has demonstrated its reliability by delivering over 1.5 billion messages in 2016 and reaching more than 200 countries and territories, ensuring secure communication across 100 different devices.
Everbridge caters to a diverse range of industries such as technology, energy, financial services, healthcare, manufacturing, media, retail, higher education, and professional services. The company's significant revenue is primarily generated from operations in the United States.
Recent achievements include strategic partnerships and innovative projects aimed at enhancing their critical event management capabilities. Everbridge continues to evolve its platform to meet the growing demands of enterprise safety and business continuity, reinforcing its position as a vital player in the industry.
The Toronto Zoo, Canada's largest zoo, has chosen Everbridge's Mass Notification solution to enhance safety for its 1,000+ staff and 1.3 million annual visitors. Everbridge's system enables swift multi-channel communication, including SMS, email, desktop alerts, and voice messages, during emergencies. The Zoo, home to 3,000 animals across 280 species on 500 acres, includes multiple pavilions and indoor facilities. Everbridge supports over 6,500 organizations globally, helping manage critical events and improve enterprise resilience.
Everbridge (Nasdaq: EVBG) has appointed Pamela Larson as Chief Security Officer for North America. Larson brings over 20 years of experience in corporate security and operational resilience, previously serving in senior roles at Twilio and Wells Fargo Bank. At Everbridge, she will collaborate closely with North American enterprises on security strategies, risk assessments, and compliance. Reporting to Global Chief Security Officer Tracy Reinhold, Larson's expertise is expected to enhance Everbridge's security measures. Reinhold, who has a 22-year tenure with the FBI, praised Larson for her strategic foresight and operational agility.
Larson's background includes roles at Bank of the West where she managed security programs for over 550 locations. She holds a Master of Public Administration in Criminal Justice from The University of Colorado, Denver. Larson expressed her commitment to leveraging technology to improve security and operational resilience.
Everbridge, Inc. (Nasdaq: EVBG) reported a 3% year-over-year revenue increase to $111.4 million for the first quarter of 2024, with a GAAP net loss of $(20.1) million. Subscription services revenue increased by 7% to $105.3 million, while professional services revenue decreased by 36% to $6.1 million. The company's non-GAAP operating income was $8.2 million, with an adjusted EBITDA of $13.7 million. Cash flow from operations was $2.1 million, and annualized recurring revenue (ARR) stood at $416 million.
FAQ
What is the current stock price of Everbridge (EVBG)?
What is the market cap of Everbridge (EVBG)?
What does Everbridge, Inc. specialize in?
How does Everbridge's platform work?
Which industries does Everbridge serve?
How many customers rely on Everbridge's services?
What types of critical events does Everbridge handle?
How many messages did Everbridge's platform send in 2016?
How extensive is Everbridge's communication reach?
Where does Everbridge generate most of its revenue?
What recent achievements has Everbridge made?
How does Everbridge contribute to business continuity?
