TEMPE, Ariz.--(BUSINESS WIRE)--
Limelight Networks, Inc. (Nasdaq:LLNW) (Limelight), a global leader in
digital content delivery, today issued the following guidance for full
year of 2018.
Based on current conditions, Limelight sees:
-
Revenue between $196 and $200 million
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GAAP gross margin improvement of more than 100 basis points
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Non-GAAP earnings per share between $0.11 and $0.15 per share
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Adjusted EBITDA between $32 and $36 million
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Capital Expenditures between $22 and 24 million
“Our 2017 financial progress includes revenue growth, margin expansion
and accelerating earnings and EBITDA improvement. The results have been
at the high end of our expectations at the end of three quarters. Our
previously issued fourth quarter guidance is further evidence of strong
momentum entering 2018. We need to build on our 2017 achievements, and
capture the full potential of Limelight’s capabilities. We believe, this
guidance fairly reflects the opportunity for delivering a strong 2018,”
said Sajid Malhotra, Limelight’s Chief Financial Officer.
“This guidance implies continuing financial improvements across multiple
metrics. We aim to gain share in our core business, increase business
efficiency across operations, and invest in our future. In addition to
the structural improvements, but not evident in this guidance are the
investments we are making to organically build our
edge-cloud/edge-compute business. Based on early interest, we are very
excited about the opportunity and growth prospects from these new
initiatives. While small in 2018, we believe success with these
initiatives will add to company growth and profitability in 2019 and
beyond. Most notably, with the infrastructure in place, the risk-reward
ratio is favorable, and the investments required in 2018 are small and
manageable in relation to the opportunity and return potential. We
believe our best days are ahead of us as we continue the hard work to
capture our fair share of these opportunities, and make a meaningful
contribution to the success of our customers,” he 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 2018; gross margin, non-GAAP net income
(loss) and capital expenditures for the full year 2018; 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 13, 2017, 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 (NASDAQ: LLNW), a global leader in digital content
delivery, empowers customers to better engage online audiences by
enabling them to securely manage and globally deliver digital content,
on any device. The company’s award winning Limelight Orchestrate™
platform includes an integrated suite of content delivery technology and
services that helps organizations secure digital content, deliver
exceptional multi-screen experiences, improve brand awareness, drive
revenue, and enhance customer relationships — all while reducing
costs. For more information, please visit www.limelight.com,
read our blog,
follow us on Twitter, Facebook and LinkedIn and
be sure to visit Limelight
Connect.”
Copyright (C) 2017 Limelight Networks, Inc. All rights reserved. All
product or service names are the property of their respective owners.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171213005243/en/
Limelight Networks, Inc.
Sajid Malhotra, 602-850-5778
ir@llnw.com
Source: Limelight Networks