Limelight Networks (LLNW) Tops Q4 EPS by 3c, Beats on Revenues; Offers FY18 EPS/Revenue Mid-Point Guidance Above Consensus

Limelight Networks (NASDAQ: LLNW) reported Q4 EPS of $0.04, $0.03 better than the analyst estimate of $0.01. Revenue for the quarter came in at $48.2 million versus the consensus estimate of $47.74 million.

Highlights:

• Q4 Revenue of $48.2 million, up 10 percent, year over year
• Q4 Gross Margin of 47.7%, up 280 basis points, year over year
• Q4 GAAP EPS of $(0.01) and Non-GAAP EPS of $0.04
• Full Year Revenue, Gross Margin and Adjusted EBITDA highest ever as public company

Commenting on the fourth quarter and full year results, Chief Executive Officer, Robert Lento said, “Limelight’s results in the latest quarter capped a year of consistent and robust operational and financial improvements. We’re gratified that Limelight’s investors have been rewarded with a second consecutive year of shareholder returns in excess of 70 percent, and our customer satisfaction (measured by Net Promoter Score) and employee satisfaction have both achieved record highs.”

“Limelight’s strong business momentum and robust network performance lay a solid foundation for our business, and we believe this increasingly differentiates Limelight’s value proposition from that of our competitors. As we enter 2018, we expect that our talented, creative, and motivated employees, our dynamic technology platform, and our laser focus on harvesting edge services opportunities will further elevate Limelight’s future revenue and profit growth. For these reasons, we have provided 2018 guidance that builds on the strong 2017 performance.”

Based on current conditions, Limelight is confirming the following guidance for 2018:

• Revenue between $196 million and $200 million,
• GAAP gross margin expansion greater than 100 basis points over 2017,
• Non-GAAP earnings per share between $0.11 and $0.15 per share,
• Adjusted EBITDA between $32 million and $36 million, and
• Capital expenditures between $22 million and $24 million dollars.

GUIDANCE:

Limelight Networks sees FY2018 EPS of $0.11-$0.15, versus the consensus of $0.11. Limelight Networks sees FY2018 revenue of $196-200 million, versus the consensus of $197.45 million.

For earnings history and earnings-related data on Limelight Networks (LLNW) click here.

You May Also Be Interested In

• Blackhawk Network (HAWK) Reports Q2 Loss of $0.07; Offers Guidance
• CaliberCos Inc (CWD) Misses Q2 EPS by 43c; Offers Guidance
• Inhibrx, Inc. (INBX) Misses Q2 EPS by 54c