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Perion Reports $0.11 in EPS for the Third Quarter of 2019; Generating $33.5 Million Cash from Operations Year to Date Compared to $32.8 Million for the Entire 2018
Third Quarter 2019 Highlights: Total Revenues of $65.8 million, increased 15% year-over-year; GAAP Net Income of $2.9 million, increased 31% year-over-year;
About this update from Perion Network Ltd
[{"type":"text","content":"\n Third Quarter 2019 Highlights:\n\n\n\nTotal Revenues of $65.8 million, increased 15% year-over-year;\n\n\nGAAP Net Income of $2.9 million, increased 31% year-over-year;\n\n\nGAAP Earnings Per Share of $0.11, increased 38% year-over-year;\n\n\nNet cash from operations were $11.1 million, increased 1% year-over-year;\n\n\nManagement is reaffirming its full-year guidance for Adjusted EBITDA of $25-27 million and now expects to reach or exceed the top end of the range.\n\n\n TEL AVIV & NEW YORK--(BUSINESS WIRE)--\nPerion Network Ltd. (NASDAQ: PERI), a global technology company that delivers Synchronized Digital Branding solutions across the three main pillars of digital advertising - Ad Search, Social media and Display / Video, announced today its financial results for the third quarter and nine months ended September 30, 2019.\n\n\nFinancial Highlights*\n\n\n(In millions, except per share data)\n\n\n\n\n \n\n\n\n\nThree months ended\n\n\n\n \n\n\n\nNine months ended\n\n\n\n \n\n\n\n\n\n \n\n\n\n\nSeptember 30,\n\n\n\n \n\n\n\nSeptember 30,\n\n\n\n \n\n\n\n\n\n \n\n\n\n\n2019\n\n\n\n \n\n\n\n2018\n\n\n\n \n\n\n\n2019\n\n\n\n \n\n\n\n2018\n\n\n\n \n\n\n\n\n\nAdvertising revenues\n\n\n\n\n$\n\n\n\n21.6\n\n\n\n \n\n\n\n$\n\n\n\n26.2\n\n\n\n \n\n\n\n$\n\n\n\n61.4\n\n\n\n \n\n\n\n$\n\n\n\n88.7\n\n\n\n \n\n\n\n\n\nSearch and other revenues\n\n\n\n\n$\n\n\n\n44.2\n\n\n\n \n\n\n\n$\n\n\n\n31.0\n\n\n\n \n\n\n\n$\n\n\n\n121.8\n\n\n\n \n\n\n\n$\n\n\n\n92.2\n\n\n\n \n\n\n\n\n\nTotal Revenues\n\n\n\n\n$\n\n\n\n65.8\n\n\n\n \n\n\n\n$\n\n\n\n57.2\n\n\n\n \n\n\n\n$\n\n\n\n183.2\n\n\n\n \n\n\n\n$\n\n\n\n180.9\n\n\n\n \n\n\n\n\n\nGAAP Net Income\n\n\n\n\n$\n\n\n\n2.9\n\n\n\n \n\n\n\n$\n\n\n\n2.2\n\n\n\n \n\n\n\n$\n\n\n\n7.0\n\n\n\n \n\n\n\n$\n\n\n\n3.2\n\n\n\n \n\n\n\n\n\nNon-GAAP Net Income\n\n\n\n\n$\n\n\n\n5.0\n\n\n\n \n\n\n\n$\n\n\n\n4.3\n\n\n\n \n\n\n\n$\n\n\n\n12.8\n\n\n\n \n\n\n\n$\n\n\n\n12.0\n\n\n\n \n\n\n\n\n\nAdjusted EBITDA\n\n\n\n\n$\n\n\n\n7.6\n\n\n\n \n\n\n\n$\n\n\n\n6.7\n\n\n\n \n\n\n\n$\n\n\n\n20.2\n\n\n\n \n\n\n\n$\n\n\n\n18.1\n\n\n\n \n\n\n\n\n\nNet cash provided by operating activities\n\n\n\n\n$\n\n\n\n11.1\n\n\n\n \n\n\n\n$\n\n\n\n11.0\n\n\n\n \n\n\n\n$\n\n\n\n33.5\n\n\n\n \n\n\n\n$\n\n\n\n28.5\n\n\n\n \n\n\n\n\n\nGAAP Diluted Earnings Per Share\n\n\n\n\n$\n\n\n\n0.11\n\n\n\n \n\n\n\n$\n\n\n\n0.08\n\n\n\n \n\n\n\n$\n\n\n\n0.2...