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Last $3.95 USD
Change Today -0.23 / -5.50%
Volume 523.9K
LLNW On Other Exchanges
Symbol
Exchange
Berlin
As of 8:10 PM 05/5/15 All times are local (Market data is delayed by at least 15 minutes).

limelight networks inc (LLNW) Key Developments

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

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.

Rightmove plc Selects Limelight Networks for the Limelight Orchestrate™ Content Delivery Service

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.

Limelight Networks, Inc. Announces Board Changes

Limelight Networks announced that, effective June 1, 2015, Mark Midle will join its board of directors. Mr. Midle is a vice president in Goldman, Sachs & Co.'s Merchant Banking Division, where he oversees investments in growth stage, technology-driven companies. Before joining Goldman Sachs, Mr. Midle spent over a decade investing in technology and technology-enabled services companies while at firms including Bain Capital and The Blackstone Group. Previously, Mr. Midle was a consultant at McKinsey & Co., and he began his career in Morgan Stanley & Co.'s Investment Banking Division. Mr. Midle will fill the vacancy created by the impending departure of Fred Harman, who expressed his intent not to stand for re-election as a Class II director of the company at the 2015 Annual Meeting of Stockholders. Mr. Harman’s decision to not stand for re-election as a director of the company is driven by personal reasons and is not the result of any disagreements with the company relating to its operations, policies, or practices.

Limelight Networks, Inc. to Report Q1, 2015 Results on Apr 30, 2015

Limelight Networks, Inc. announced that they will report Q1, 2015 results at 4:30 PM, US Eastern Standard Time on Apr 30, 2015

Limelight Networks, Inc., Q1 2015 Earnings Call, Apr 30, 2015

Limelight Networks, Inc., Q1 2015 Earnings Call, Apr 30, 2015

 

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