Perion Network Exceeds Previously Issued Guidance; Expects 2019 Adjusted EBITDA to Reach at Least $30 Million
January 06 2020 - 2:45AM
Business Wire
Company Schedules Fourth Quarter and Annual
2019 Earnings Release and Conference Call for February 12, 2020
Perion 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 that based on preliminary and
unaudited results, management expects Perion’s adjusted EBITDA for
2019 to exceed guidance of $25 to $27 million and reach at least
$30 million. This improvement is the result of higher revenues than
internally expected.
The Company will release its fourth quarter and full-year 2019
financial results on Wednesday, February 12, 2020 before the Nasdaq
market open.
Perion management will host a conference call to discuss the
results at 8:30 a.m. ET that day.
Call details:
- Conference ID: 8170302
- Dial-in number from within the United States:
1-800-289-0438
- Dial-in number from Israel: 1809 212 883
- Dial-in number (other international): 1-323-794-2423
- Playback available until February 19, 2020 by calling
1-844-512-2921 (United States) or 1-412-317-6671 (international).
Please use PIN code 8170302 for the replay.
- Link to the live and archived webcast accessible at
https://www.perion.com/ir-info/
About Perion Network Ltd.
Perion is a global technology company that delivers advertising
solutions to brands and publishers. Perion is committed to
providing data-driven execution, from high-impact ad formats to
branded search and a unified social and mobile programmatic
platform. More information about Perion may be found at
www.perion.com.
Forward Looking Statements:
This press release contains historical information and
forward-looking statements within the meaning of The Private
Securities Litigation Reform Act of 1995 with respect to the
business, financial condition and results of operations of Perion.
The words “will”, “believe,” “expect,” “intend,” “plan,” “should”
and similar expressions are intended to identify forward-looking
statements. Such statements reflect the current views, assumptions
and expectations of Perion with respect to future events and are
subject to risks and uncertainties. Many factors could cause the
actual results, performance or achievements of Perion to be
materially different from any future results, performance or
achievements that may be expressed or implied by such
forward-looking statements, or financial information, including,
among others, the failure to realize the anticipated benefits of
companies and businesses we acquired and may acquire in the future,
risks entailed in integrating the companies and businesses we
acquire, including employee retention and customer acceptance; the
risk that such transactions will divert management and other
resources from the ongoing operations of the business or otherwise
disrupt the conduct of those businesses, potential litigation
associated with such transactions, and general risks associated
with the business of Perion including intense and frequent changes
in the markets in which the businesses operate and in general
economic and business conditions, loss of key customers,
unpredictable sales cycles, competitive pressures, market
acceptance of new products, inability to meet efficiency and cost
reduction objectives, changes in business strategy and various
other factors, whether referenced or not referenced in this press
release. Various other risks and uncertainties may affect Perion
and its results of operations, as described in reports filed by the
Company with the Securities and Exchange Commission from time to
time, including its annual report on Form 20-F for the year ended
December 31, 2018 filed with the SEC on March 19, 2019. Perion does
not assume any obligation to update these forward-looking
statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200105005089/en/
Perion Network Ltd. Investor relations Rami Rozen +972 52
5694441 ramir@perion.com
Perion Network (NASDAQ:PERI)
Historical Stock Chart
From Jun 2024 to Jul 2024
Perion Network (NASDAQ:PERI)
Historical Stock Chart
From Jul 2023 to Jul 2024