Limelight Networks Guidance for 2020
10 Dicembre 2019 - 3:00PM
Business Wire
Limelight Networks, Inc. (Nasdaq:LLNW) (Limelight), a leading
provider of edge cloud services, today issued initial guidance for
2020.
Limelight expects the following financial results for 2020:
- Revenue between $220 and $235 million
- GAAP earnings of between $(0.10) and $0.00
- Non-GAAP earnings per share between $0.00 and $0.10 per
share
- Adjusted EBITDA between than $25 and $35 million
- Capital Expenditures between $25 and $30 million
“Our strategic focus on video and edge services is developing
into an exceptional opportunity to grow at a faster rate than ever
before. The movement of video content delivery from over-the-air
broadcasts and cable to internet-based delivery is accelerating our
top-line growth. This trend is firmly in place in the United
States, and we are convinced it is a global trend with quicker
adoption in newer markets. We are judiciously deploying global
infrastructure and operating resources in a manner that we believe
will allow us to monetize this opportunity,” said Bob Lento,
Limelight’s Chief Executive Officer.
“Our business has meaningfully improved through 2019. We are
confident that our 2019 exit run rates will be strong, which gives
us conviction in our ability to deliver against our 2020 guidance.
We believe the four quarters in 2020 will show sequential revenue
growth and related margin improvements. Our plan is to continue to
invest in the business to capture growth opportunities. At the same
time, the business model leverage should be evident in the
anticipated improvement in operating margins and free cash flow in
light of the expected decline in capital expenditures,” Lento
added.
Forward-Looking Statements
This press release contains forward-looking statements that
involve risks and uncertainties. These statements include, among
others, statements regarding our strategic focus; our expectations
regarding revenues for the full year 2019 and 2020; GAAP and
non-GAAP net income (loss); Adjusted EBITDA; capital expenditures
for the full year 2019 and 2020; operating margins and free cash
flow; video content delivery trends, our future prospects; and our
position in our industry. Our expectations and beliefs regarding
these matters may not materialize. The potential risks and
uncertainties that could cause actual results or outcomes to differ
materially from the results or outcomes predicted include, among
other things, reduction of demand for our services from new or
existing customers, unforeseen changes in our hiring patterns,
adverse outcomes in litigation, and experiencing expenses that
exceed our expectations. A detailed discussion of these factors and
other risks that affect our business is contained in our SEC
filings, including our most recent reports on Forms 10-K and 10-Q,
particularly under the heading “Risk Factors.” Copies of these
filings are available online on our investor relations website at
investors.limelightnetworks.com and on the SEC website at
www.SEC.gov. All information provided in this release is as of
December 10, 2019, and we undertake no duty to update this
information in light of new information or future events, unless
required by law.
About Limelight
Limelight Networks, Inc. (NASDAQ: LLNW), a leading provider of
digital content delivery, video, cloud security, and edge computing
services, empowers customers to provide exceptional digital
experiences. Limelight’s edge services platform includes a unique
combination of global private infrastructure, intelligent software,
and expert support services that enable current and future
workflows. For more information, visit www.limelight.com, follow us
on Twitter, Facebook, and LinkedIn.
Copyright (C) 2019 Limelight Networks, Inc. All rights reserved.
All product or service names are the property of their respective
owners.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20191210005238/en/
Limelight Networks, Inc. Sajid Malhotra, 602-850-5778
ir@llnw.com
Grafico Azioni Limelight Networks (NASDAQ:LLNW)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Limelight Networks (NASDAQ:LLNW)
Storico
Da Lug 2023 a Lug 2024