Limelight Networks reports Q2 financial results

Limelight Networks, Inc. (Nasdaq:LLNW), a global provider of digital content delivery, has reported revenue of USD 45.4 million for the second quarter of 2017, up four percent compared to USD 43.6 million in the second quarter of 2016, and up one percent compared to USD 44.7 million in the first quarter of 2017, the company said.

Currency headwinds negatively impacted year-over-year comparison by USD 0.3 million, or one percent.

Gross margin was 47.1% in the second quarter of 2017, an increase of 390 basis points from 43.2% in the second quarter of 2016.

On a GAAP basis, Limelight reported a net loss of USD 1.6 million, or USD 0.01 per basic share, for the second quarter of 2017, compared to a net loss of USD 57.9 million, or USD 0.56 per basic share, in the second quarter of 2016. The second quarter of 2016 net loss included a USD 54 million provision for litigation related to the settlement of the Akamai lawsuit.

Non-GAAP net income was USD 2.9 million, or USD 0.03 per basic share, for the second quarter of 2017, compared to non-GAAP net income of USD 0.6 million, or USD 0.01 per basic share, in the second quarter of 2016.

EBITDA was USD 3.4 million for the second quarter of 2017, compared to negative USD 52.4 million for the second quarter of 2016. Adjusted EBITDA was USD 7.9 million for the second quarter of 2017, compared to USD 6.2 million for the second quarter of 2016.

Limelight ended the second quarter with 533 employees and employee equivalents, up from 528 employees at the end of the first quarter of 2017, and up from 512 employees in the year ago period.

Limelight Networks (NASDAQ: LLNW), a global provider of digital content delivery, empowers customers to better engage online audiences by enabling them to securely manage and globally deliver digital content, on any device. The company´s award winning Limelight Orchestrateâ„¢ platform includes an integrated suite of content delivery technology and services that helps organizations secure digital content, deliver exceptional multi-screen experiences, improve brand awareness, drive revenue, and enhance customer relationships — all while reducing costs.