Perion Network (PERI) Tops Q1 EPS by 14c, Revenues Beat
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Perion Reports $1.3 Million in GAAP Net Income and $6.2 Million in Adjusted EBITDA for the First Quarter 2020
May 6, 2020 6:30 AM EDTCompany continues its 2019 momentum, driving 23% year over year topline growth;
seasoned management team taking range of strategic steps to preserve cash and leverage financial strength amidst COVID-19 uncertainty
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... More