Limelight Networks, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
January 29, 2020 at 04:01 pm
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Limelight Networks, Inc. announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced sales was USD 60.129 million compared to USD 43.992 million a year ago. Operating income was USD 2.515 million compared to operating loss of USD 5.313 million a year ago. Net income was USD 2.458 million compared to net loss of USD 5.193 million a year ago. Basic earnings per share was USD 0.02 compared to basic loss per share of USD 0.05 a year ago. For the full year, sales was USD 200.634 million compared to USD 195.670 million a year ago. Operating loss was USD 15.725 million compared to USD 4.840 million a year ago. Net loss was USD 16.044 million compared to net income of USD 9.842 million a year ago. Basic loss per share was USD 0.14 compared to basic earnings per share of USD 0.09 a year ago. Diluted loss per share was USD 0.14 compared to diluted earnings per share of USD 0.08 a year ago.
Edgio, Inc. helps companies deliver online experiences. The Companyâs network, combined with its fully integrated application and media solutions, provide a single platform for the delivery of Web properties and streaming content. It operates through the content delivery and related services segment. Through this fully integrated platform and end-to-end edge services, companies can deliver content. Its solutions include two platforms, Media, and Applications. The media platform enables companies to stream large files (video, software downloads, live events) across the globe. The Edgio apps platform enables its clients to build, secure, and accelerate their Websites and APIs. Its e-commerce customers include brands in retail, transportation, automotive, and hospitality. It also has clients from the banking, insurance, and online payment industries whose customers rely on their Web and mobile apps and partner application programming interfaces (APIs) to transact business.
EDGIO, INC. 
