Limelight Networks Reports Financial Results for the First Quarter of 2020
Limelight Networks, Inc. (LLNW)
Last limelight networks, inc. earnings: 4/23 04:01 pm
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investors.limelight.com
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Source: Business Wire
Revenue of $57.0 million, up 32% year over yearGAAP basic EPS of $(0.04) and Non-GAAP EPS of break-evenAdjusted EBITDA of $5.6 millionCash balance of $21.4 million on positive operating cash flowCFO transition planned SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Limelight Networks, Inc. (Nasdaq: LLNW) (Limelight), a leading provider of edge cloud services, today reported revenue of $57.0 million for the first quarter of 2020, up 32 percent, compared to $43.3 million in the first quarter of 2019. Year-over-year currency impact was negative by approximately $0.1 million.Limelight reported a GAAP net loss of $5.3 million, or $(0.04) per basic share for the first quarter of 2020, compared to net loss of $8.6 million, or $(0.07) per basic share in the first quarter of 2019.Non-GAAP net loss was $0.2 million or break-even per basic share for the first quarter of 2020, compared to a non-GAAP net loss of $5.1 million, or $(0.04) per basic share in the first quarter of 2019.EBITDA was $0.5 million f
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