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PERION NETWORK LTD.
By: /s/ Maoz Sigron
Name: Maoz Sigron
Title: Chief Financial Officer
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Revenue of $110 million to $115 million and $320 million to $325 million for the fourth quarter and full year 2020,
respectively, exceeding the previously announced guidance of $100 million to $105 million and $310 million to $315 million, respectively.
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Adjusted EBITDA of $14.5 million to $15.0 million and $32.0 million to $32.5 million for the fourth quarter and full year
2020, respectively, exceeding the previously announced guidance of $13 million to $14 million and $30 million to $31 million, respectively.
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GAAP EPS of $0.17 to $0.19 for the fourth quarter of 2020 and $0.22 to $0.24 for the full year 2020.
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Non-GAAP EPS of $0.35 to $0.36 for the fourth quarter of 2020 and $0.80 to $0.82 for the full year 2020.
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(in thousands) (estimated and unaudited):
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Three Months Ended
December 31, 2020
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Twelve Months Ended
December 31, 2020
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Low
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High
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Low
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High
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GAAP Net Income (Loss) from continuing operations
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5,155
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5,602
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6,378
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6,825
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Share based compensation
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1,500
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1,500
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4,413
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4,413
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Amortization of acquired intangible assets
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1,612
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1,612
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5,262
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5,262
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Retention and other related to M&A related expenses
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2,146
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2,146
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7,159
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7,159
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Foreign exchange losses associated with ASC-842
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473
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473
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421
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421
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Revaluation of payment obligations related to acquisitions1
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(121
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)
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(121
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)
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324
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324
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Taxes on the above items
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(120
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)
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(120
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)
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(464
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)
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(464
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)
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Non-GAAP Net Income from continuing operations
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10,645
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11,092
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23,493
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23,940
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Taxes on income
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1,562
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1,615
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1,768
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1,821
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Financial expense, net
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1,229
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1,229
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2,029
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2,029
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Depreciation
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1,064
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1,064
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4,662
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4,662
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Adjusted EBITDA
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14,500
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15,000
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31,952
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32,452
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GAAP Diluted Earnings per Share
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0.17
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0.19
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0.22
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0.24
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Non-GAAP Diluted Earnings per Share
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0.35
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0.36
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0.80
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0.82
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Conference ID: 7553088
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Dial-in number from within the United States: 1-888-394-8218
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Dial-in number from Israel: 1809 212 883
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Dial-in number (other international): 1-323-701-0225
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Playback available until February 16, 2021 by calling 1-844-512-2921 (United States) or 1-412-317-6671 (international).
Please use PIN code 7553088 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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