Perion Reports $1.3 Million in GAAP Net Income and $6.2 Million in Adjusted EBITDA for the First Quarter 2020

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Go back to  Perion Reports $1.3 Million in GAAP Net Income and $6.2 Million in Adjusted EBITDA for the First Quarter 2020

Perion Network (PERI) Tops Q1 EPS by 14c, Revenues Beat

May 6, 2020 6:38 AM EDT

Perion Network (NASDAQ: PERI) reported Q1 EPS of $0.17, $0.14 better than the analyst estimate of $0.03. Revenue for the quarter came in at $66.1 million versus the consensus estimate of $65.87 million.

Q1 2020 Highlights:

Total Revenues of $66.1 million, increased 23% year-over-year;GAAP Net Income of $1.3 million, increased 8% year-over-year;Non-GAAP Net Income of $5.0 million, increased 53% year-over-year;GAAP Earnings Per Share of $0.05, no change year-over-year;Adjusted EBITDA of $6.2 million, increased 22% year-over-year;Net Cash provided from operations was $2.5 million; decreased 82% year-over-year;Net Cash decreased from $45.0 million to $39.5, inclusive of the $15.1... More