Perion Network Ltd. (PERI)

Perion Network Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	755.83	743.16	640.26	478.5	328.06	261.45
Revenue Growth (YoY)	14.50%	16.07%	33.81%	45.86%	25.48%	3.40%
Cost of Revenue	492.44	470.77	403.01	313.22	220.1	161.41
Gross Profit	263.38	272.38	237.25	165.28	107.96	100.04
Selling, General & Admin	94.13	89.79	83.64	76.39	54.9	49.74
Research & Development	34.52	33.07	34.42	35.35	30.88	22.59
Other Operating Expenses	19.38	32.79	10.02	7.65	9.92	9.71
Operating Expenses	148.04	155.64	128.09	119.39	95.71	82.03
Operating Income	115.34	116.74	109.16	45.9	12.25	18.01
Interest Expense / Income	-20.95	-20.95	-4.5	0.58	2.64	3.47
Other Expense / Income	12.54	-	-	-	-	-
Pretax Income	123.75	137.69	113.66	45.32	9.62	14.54
Income Tax	18.35	20.28	14.44	6.61	-0.61	1.65
Net Income	105.4	117.41	99.23	38.71	10.23	12.89
Net Income Growth	-2.00%	18.33%	156.36%	278.54%	-20.69%	58.76%
Shares Outstanding (Basic)	48	47	45	34	27	26
Shares Outstanding (Diluted)	50	50	48	38	29	26
Shares Change	0.15%	4.17%	27.07%	31.36%	9.26%	1.94%
EPS (Basic)	2.22	2.49	2.21	1.13	0.38	0.50
EPS (Diluted)	2.09	2.34	2.06	1.02	0.36	0.49
EPS Growth	-5.43%	13.59%	101.96%	183.33%	-26.53%	58.06%
Free Cash Flow	143.49	154.68	121.07	70.57	21.71	44.02
Free Cash Flow Per Share	2.97	3.28	2.70	2.05	0.81	1.70
Gross Margin	34.85%	36.65%	37.06%	34.54%	32.91%	38.26%
Operating Margin	15.26%	15.71%	17.05%	9.59%	3.73%	6.89%
Profit Margin	13.94%	15.80%	15.50%	8.09%	3.12%	4.93%
Free Cash Flow Margin	18.98%	20.81%	18.91%	14.75%	6.62%	16.84%
Effective Tax Rate	14.83%	14.73%	12.70%	14.58%	-6.34%	11.32%
EBITDA	118.09	130.83	123	55.79	22.18	27.72
EBITDA Margin	15.62%	17.60%	19.21%	11.66%	6.76%	10.60%
Depreciation & Amortization	15.29	14.09	13.84	9.9	9.92	9.71
EBIT	102.8	116.74	109.16	45.9	12.25	18.01
EBIT Margin	13.60%	15.71%	17.05%	9.59%	3.73%	6.89%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).