limelight networks inc (LLNW) Key Developments
Limelight Networks, Inc. Wins Appeals Court Ruling in Akamai Patent Case
May 14 15
The U.S. Court of Appeals for the Federal Circuit ruled that Limelight Networks Inc. is not liable for infringing Akamai's patent. In a May 13 ruling, the court held that direct infringement of a method claim occurs only "when all of the steps of the claim are performed by or attributed to a single entity." Akamai sued Limelight in 2006 for infringing on its Internet content delivery patent. It initially won, but that verdict was overturned in 2009, leading Akamai to appeal the case. In 2012, a federal appeals court ruled to reopen the lawsuit, after previously upholding a lower court's ruling that favored Limelight.
Limelight Networks, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter of 2015; Revises Earnings Guidance for the Full Year of 2015
Apr 30 15
Limelight Networks, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of $42.3 million compared to $41.2 million in the first quarter of 2014, an increase of 3%. Revenue was also negatively impacted in the first quarter of 2015 by changes in foreign currency of approximately $0.8 million. Adjusting for the impact of these items, revenue increased by 19%. Net loss was $5.7 million or $0.06 per basic and diluted share compared to a net loss of $7.6 million, or $0.08 per basic and diluted share in the first quarter of 2014. Non-GAAP net loss was $2.4 million, or $0.02 per basic and diluted share compared to a non-GAAP net loss of $4.4 million, or $0.04 per basic and diluted share in the first quarter of 2014. EBITDA was negative $2.7 million compared to negative $2.3 million for the first quarter of 2014. Adjusted EBITDA was $0.4 million compared to $0.6 million for the first quarter of 2014. Operating loss was $7.510 million against $7.659 million a year ago. Loss before income taxes was $5.628 million against $7.584 million a year ago. Net cash used in operating activities was $4.548 million against $2.090 million a year ago. Purchases of property and equipment were $6.782 million against $3.882 million a year ago. LBITDA was $2.717 million against $2.256 million. Adjusted EBITDA was $0.371 million against $0.596 million.
For the full-year 2015, based on improving operating and market conditions, the company is raising revenue guidance to between $164 and $170 million from earlier guidance of between $156 and $164 million. Non-GAAP net loss is expected to be between $0.08 and $0.18 per share, an improvement from the earlier guidance of a loss of between $0.10 and $0.20 per share. Capital expenditures for the year are expected to be between $22 and $26 million.
Second quarter 2015 revenue is expected to be between $40 and $42 million. In the second quarter of 2014 Netflix revenue was 13% of total revenue or $5.4 million.
Limelight Networks, Inc. Presents at D.A. Davidson & Co. 7th Annual Technology Forum, May-27-2015
Apr 24 15
Limelight Networks, Inc. Presents at D.A. Davidson & Co. 7th Annual Technology Forum, May-27-2015 . Venue: Grand Hyatt New York, Park Avenue at Grand Central, New York, NY 10017, United States.
Limelight Networks, Inc. Presents at Cowen and Company 43rd Annual Technology, Media & Telecom Conference 2015, May-28-2015 10:15 AM
Apr 16 15
Limelight Networks, Inc. Presents at Cowen and Company 43rd Annual Technology, Media & Telecom Conference 2015, May-28-2015 10:15 AM. Venue: The New York Palace Hotel, 455 Madison Avenue, New York, NY 10022, United States.
Rightmove plc Selects Limelight Networks for the Limelight Orchestrate™ Content Delivery Service
Apr 14 15
Limelight Networks, Inc. announced that Rightmove plc has implemented the Limelight Orchestrate™ Content Delivery service to expand and optimize the delivery of high-quality web and mobile real estate content. The Orchestrate Content Delivery service enables Rightmove to deliver content on the private network, expediting the next step in the buying or selling process. The Rightmove app is available for iPhone, iPad, Android (including Kindle) and Windows Phone or people can use the mobile site compatible with all smartphone handsets.