Perion Sees 2013 Revenues Exceeding $110M
Perion Network (NASDAQ: PERI) announced today revenue estimates for
2012 and its guidance for 2013.
Revenues in the fourth quarter of 2012 are expected to reach a record
$21 million, more than double the fourth quarter of 2011. This will
bring total non-GAAP revenues for 2012 to $61 million, increasing 64%,
from $37 million in 2011. The $61 million exceeded the updated guidance
of $55 million and includes one month of results from the acquisition of
SweetPacks. Perion intends to report final 2012 financial results at the
beginning of March.
2013 Financial Outlook: