Perion Sees 2013 Revenues Exceeding $110M

Perion Network 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: Revenue is See full press release