UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
For the month of January 2020 (Report No. 1)
Commission File Number: 000-51694
Perion Network Ltd.
(Translation of registrant's name into English)
1 Azrieli Center, Building A, 4th Floor
26 HaRokmim Street, Holon, Israel 5885849
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): N/A
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): N/A
Explanatory Note
On January 6, 2020, Perion
Network Ltd. (the “Registrant” or “Perion”) issued a press release titled “Perion Network Exceeds Previously Issued Guidance; Expects 2019 Adjusted EBITDA to Reach at Least $30 Million.” A copy of this press release is furnished as Exhibit 99.1 herewith.
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.
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PERION NETWORK LTD.
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By:
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/s/ Maoz Sigron | ||
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Name: Maoz Sigron
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Title: Chief Financial Officer
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Date: January 6, 2020
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Exhibit 99.1
Perion Network Exceeds Previously Issued Guidance; Expects
2019 Adjusted EBITDA to Reach at Least $30 Million
Company Schedules Fourth Quarter and Annual 2019 Earnings
Release and Conference Call for February 12, 2020
TEL AVIV, Israel & NEW YORK January 6, 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:
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Conference ID: 8170302
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Dial-in number from within the United States: 1-800-289-0438
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Dial-in number from Israel: 1809 212 883
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Dial-in number (other international): 1-323-794-2423
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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.
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Link to the live and archived webcast accessible at https://www.perion.com/ir-info/
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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.
Contact Information:
Perion Network Ltd.
Investor relations
Rami Rozen
+972 52 5694441
ramir@perion.com
Source: Perion Network Ltd.