Limelight Networks, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2018
January 30, 2019 at 09:02 pm
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Limelight Networks, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2018. For the quarter, the company reported revenue of USD 43,992,000 against USD 48,186,000 a year ago. Operating loss was USD 5,313,000 against USD 1,228,000 a year ago. Net loss was USD 5,193,000 against USD 912,000 a year ago. Basic and diluted loss per share was USD 0.05 against USD 0.01 a year ago.
For the year, the company reported revenue of USD 195,670,000 against USD 184,360,000 a year ago. Operating loss was USD 4,840,000 against USD 8,070,000 a year ago. Net income was USD 9,842,000 against net loss of USD 7,630,000 a year ago. Basic earnings per share were USD 0.09 against basic loss per share of USD 0.07 a year ago. Diluted earnings per share were USD 0.08 against diluted loss per share of USD 0.07 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. 
