Limelight Networks Reports Record First Quarter Results

April 28, 2022

TEMPE, Ariz.--(BUSINESS WIRE)-- Limelight Networks, Inc. (Nasdaq: LLNW) (Limelight), a leading provider of content delivery services and AppOps at the edge, today reported financial results for the first quarter ended March 31, 2022. Delivering on several key milestones in its 2022 strategic plan, the company reported significant revenue, gross margin, and adjusted EBITDA growth year over year.

“First quarter 2022 results were ahead of plan as we continue building on the momentum established in the second half of 2021. Revenue for the first quarter came in at $58.0 million, up 13% year over year. Gross Margin was 30.7%, up 630 basis points year over year and Adjusted EBITDA was $2 million versus a loss of $3.3 million in the first quarter of 2021,” said Bob Lyons, President, and Chief Executive Officer.

“In the quarter, our operational improvements and renewed client focus have driven record traffic with 17 of Limelight’s top 20 highest historical traffic days landing in the quarter,” said Lyons. “We are proud of achieving the top performance spot in the world for edge CDN networks. This distinction anchors the transformation of Limelight from a media CDN to a leading edge enabled technology solutions company.”

“We continue to execute against our Improve, Expand and Extend strategic framework, and remain confident in our ability to build on this progress,” said Lyons.

Improve: Continued improvement in operational performance and cost structure:

  • Client sentiment metric maintained high ratings for the third quarter in a row, across our global top 20.
  • Record traffic with 17 of Limelight’s top 20 highest historical traffic days landing in this quarter. Traffic sources were broad-based, spanning streaming, live events, software downloads, and gaming across both large and small clients.
  • Year over year cash gross margin expansion of 420 basis points.
  • Year over year flowthrough of revenue growth to adjusted EBITDA of 77%.

Expand: Existing client and new logo growth driving meaningful revenue expansion:

  • 13% year over year revenue growth with organic growth of 6%.
  • 19 of Top 20 Limelight customers grew revenue more than 20%.
  • Customer additions were the highest they have been in the previous five quarters. This positive momentum spans both our delivery and AppOps solutions.
  • Total company pipeline has grown more than 30% from the beginning of the year, with Layer0 pipeline growing by triple digits.
  • Mostly completed the planned rebuild of our sales and marketing teams which should drive momentum in the second half of the year.

Extend: Extension of new growth products:

  • Transformational acquisition of Edgecast - a meaningful step toward our strategy to become a leading edge enabled software solutions company.
  • With Edgecast, we will be one of the largest and most performant independent edge platforms with a significant increase in scale, security, live events and video capabilities.
  • Layer0 contributed $3.8 million in the quarter and is tracking well toward its full year guide of at least $20 million in high growth, high gross margin revenue.
  • We strengthened our security capabilities with the launch of Layer0 Security Platform consisting of WAF, DDoS and Bot Management solutions.

First Quarter 2022 Financial Results

  • Revenue of $58.0 million, up 13% from the first quarter of 2021.
  • GAAP net loss of $19.2 million, or $(0.14) per basic share, an improvement of $6.3 million from the net loss of $25.5 million, or $(0.21) per basic share, in the first quarter of 2021. GAAP net loss included $5.1 million in acquisition and legal related charges in the first quarter of 2022 and restructuring and transition related charges of $11.7 million in the first quarter of 2021.
  • Non-GAAP net loss was $5.4 million, or $(0.04) per basic share, an improvement of $5.6 million from the Non-GAAP net loss of $11.0 million, or $(0.09) per basic share, in the first quarter of 2021.
  • Adjusted EBITDA was $2.0 million, an improvement of $5.2 million from a loss of $3.3 million in the first quarter of 2021.
  • EBITDA was $(10.9) million, an improvement of $6.7 million from $(17.6) million for the first quarter of 2021.
  • Cash, cash equivalents and marketable securities total $61.9 million at the end of the first quarter 2022.
  • Limelight ended the first quarter of 2022 with 556 employees and employee equivalents, up from 552 at the end of the fourth quarter of 2021, and from 510 at the end of the first quarter of 2021.

Guidance

“Given we anticipate closing the Edgecast acquisition in the next 30-60 days, we are maintaining our full year guidance. We expect to begin working with the Edgecast team on a bottom-up forecast for the remainder of the year immediately after we close and will provide combined guidance for the year as we finish that process,” said Dan Boncel, Chief Financial Officer. “In the short term, we expect second quarter revenue to be consistent with the first. With continued tight management of network and operating expenses, we would expect gross margin and adjusted EBITDA margin to continue its methodical expansion.”

Limelight Networks, Inc.

2022 Guidance

         
       

April 2022

Revenue      

$240 to $250 million

       

 

GAAP Basic EPS      

$(0.27) to $(0.22)

       

 

Non-GAAP EPS      

$(0.06) to $(0.01)

       

 

Adjusted EBITDA      

$24 to $28 million

       

 

Capital expenditures      

$20 to $25 million

Update on Edgecast Transaction and Corporate Rebranding

“Integration planning is well underway,” said Lyons, “We believe the combined company will be uniquely positioned to provide unmatched performance, productivity, and security value at the edge for the outcome buyer. We will do this for a more diversified set of clients with better end-to-end services, a more complete edge solutions platform and an exceptionally scaled global network. We are looking to capture this dynamic as we start a new phase as Edgio.”

Financial Tables

 
 
LIMELIGHT NETWORKS, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except per share data)
         
   

March 31,

 

December 31,

   

2022

 

2021

    (Unaudited)    
ASSETS        
Current assets:        
Cash and cash equivalents  

$

27,175

 

 

$

41,918

 

Marketable securities  

 

34,751

 

 

 

37,367

 

Accounts receivable, net  

 

55,040

 

 

 

42,217

 

Income taxes receivable  

 

63

 

 

 

61

 

Prepaid expenses and other current assets  

 

16,044

 

 

 

13,036

 

Total current assets  

 

133,073

 

 

 

134,599

 

Property and equipment, net  

 

34,792

 

 

 

33,622

 

Operating lease right of use assets  

 

6,064

 

 

 

6,338

 

Marketable securities, less current portion  

 

40

 

 

 

40

 

Deferred income taxes  

 

1,822

 

 

 

1,893

 

Goodwill  

 

113,463

 

 

 

114,511

 

Intangible assets, net  

 

13,827

 

 

 

14,613

 

Other assets  

 

4,779

 

 

 

5,485

 

Total assets  

$

307,860

 

 

$

311,101

 

         
LIABILITIES AND STOCKHOLDERS' EQUITY        
Current liabilities:        
Accounts payable  

$

15,599

 

 

$

11,631

 

Deferred revenue  

 

2,189

 

 

 

3,266

 

Operating lease liability obligations  

 

1,754

 

 

 

1,861

 

Income taxes payable  

 

215

 

 

 

873

 

Other current liabilities  

 

20,403

 

 

 

19,292

 

Total current liabilities  

 

40,160

 

 

 

36,923

 

Convertible senior notes, net  

 

121,991

 

 

 

121,782

 

Operating lease liability obligations, less current portions  

 

9,209

 

 

 

9,616

 

Deferred income taxes  

 

303

 

 

 

308

 

Deferred revenue, less current portion  

 

282

 

 

 

116

 

Other long-term liabilities  

 

721

 

 

 

777

 

Total liabilities  

 

172,666

 

 

 

169,522

 

Commitments and contingencies        
Stockholders' equity:        
Convertible preferred stock, $0.001 par value; 7,500 shares authorized; no shares issued and outstanding  

 

-

 

 

 

-

 

Common stock, $0.001 par value; 300,000 shares authorized; 138,178 and 134,337 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively  

 

138

 

 

 

134

 

Additional paid-in capital  

 

590,249

 

 

 

576,807

 

Accumulated other comprehensive loss  

 

(9,004

)

 

 

(8,345

)

Accumulated deficit  

 

(446,189

)

 

 

(427,017

)

Total stockholders' equity  

 

135,194

 

 

 

141,579

 

Total liabilities and stockholders' equity  

$

307,860

 

 

$

311,101

 

                 
 

 LIMELIGHT NETWORKS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
(Unaudited)
                     
   

Three Months Ended

   

 

 

 

 

 

 

 

 

 

   

March 31,

 

December 31,

 

Percent

 

March 31,

 

Percent

   

2022

 

2021

 

Change

 

2021

 

Change

                     
Revenue  

$

57,959

 

 

$

62,885

 

 

-8

%

 

$

51,195

 

 

13

%

Cost of revenue:                    
Cost of services (1)  

 

35,070

 

 

 

35,065

 

 

0

%

 

 

33,021

 

 

6

%

Depreciation - network  

 

5,089

 

 

 

5,215

 

 

-2

%

 

 

5,679

 

 

-10

%

Total cost of revenue  

 

40,159

 

 

 

40,280

 

 

0

%

 

 

38,700

 

 

4

%

Gross profit  

 

17,800

 

 

 

22,605

 

 

-21

%

 

 

12,495

 

 

42

%

Gross profit percentage  

 

30.7

%

 

 

35.9

%

     

 

24.4

%

   
Operating expenses:                    
General and administrative (1)  

 

15,833

 

 

 

9,147

 

 

73

%

 

 

12,948

 

 

22

%

Sales and marketing (1)  

 

7,627

 

 

 

8,141

 

 

-6

%

 

 

9,835

 

 

-22

%

Research & development (1)  

 

9,577

 

 

 

5,149

 

 

86

%

 

 

6,113

 

 

57

%

Depreciation and amortization  

 

1,032

 

 

 

976

 

 

6

%

 

 

540

 

 

91

%

Restructuring charge  

 

698

 

 

 

2,627

 

 

NM

 

 

 

6,873

 

 

NM

 

Total operating expenses  

 

34,767

 

 

 

26,040

 

 

34

%

 

 

36,309

 

 

-4

%

                     
Operating loss  

 

(16,967

)

 

 

(3,435

)

 

NM

 

 

 

(23,814

)

 

NM

 

                     
Other income (expense):                    
Interest expense  

 

(1,313

)

 

 

(1,346

)

 

NM

 

 

 

(1,286

)

 

NM

 

Interest income  

 

27

 

 

 

30

 

 

NM

 

 

 

45

 

 

NM

 

Other, net  

 

(713

)

 

 

(243

)

 

NM

 

 

 

(214

)

 

NM

 

Total other expense  

 

(1,999

)

 

 

(1,559

)

 

NM

 

 

 

(1,455

)

 

NM

 

                     
Loss before income taxes  

 

(18,966

)

 

 

(4,994

)

 

NM

 

 

 

(25,269

)

 

NM

 

Income tax expense  

 

206

 

 

 

435

 

 

NM

 

 

 

260

 

 

NM

 

                     
Net loss  

$

(19,172

)

 

$

(5,429

)

 

NM

 

 

$

(25,529

)

 

NM

 

                     
                     
Net loss per share:                    
Basic  

$

(0.14

)

 

$

(0.04

)

     

$

(0.21

)

   
Diluted  

$

(0.14

)

 

$

(0.04

)

     

$

(0.21

)

   
                     
Weighted average shares used in per share calculation:                    
Basic  

 

135,528

 

 

 

134,023

 

     

 

124,290

 

   
Diluted  

 

135,528

 

 

 

134,023

 

     

 

124,290

 

   
                     
(1) Includes share-based compensation (see supplemental table for figures)
 
 
LIMELIGHT NETWORKS, INC.
SUPPLEMENTAL FINANCIAL DATA
(In thousands)
(Unaudited)
             
    Three Months Ended
             
   

March 31,

 

December 31,

 

March 31,

   

2022

 

2021

 

2021

             
             
Share-based compensation:            
Cost of services  

$

408

 

 

$

243

 

 

$

246

 

General and administrative  

 

2,103

 

 

 

2,311

 

 

 

6,028

 

Sales and marketing  

 

1,181

 

 

 

915

 

 

 

563

 

Research and development  

 

3,320

 

 

 

788

 

 

 

371

 

Restructuring and transition related charges  

 

-

 

 

 

(254

)

 

 

1,354

 

Total share-based compensation  

$

7,012

 

 

$

4,003

 

 

$

8,562

 

             
Depreciation and amortization:            
Network-related depreciation  

$

5,089

 

 

$

5,215

 

 

$

5,679

 

Other depreciation and amortization  

 

246

 

 

 

249

 

 

 

540

 

Amortization of intangible assets  

 

786

 

 

 

727

 

 

 

-

 

Total depreciation and amortization  

$

6,121

 

 

$

6,191

 

 

$

6,219

 

             
Net increase (decrease) in cash, cash equivalents and marketable securities:  

$

(17,359

)

 

$

3,499

 

 

$

(6,795

)

             
End of period statistics:            
Approximate number of active clients  

 

577

 

 

 

580

 

 

 

527

 

Number of employees and employee equivalents  

 

556

 

 

 

552

 

 

 

510

 

                         
 
LIMELIGHT NETWORKS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
(Unaudited)
             
    Three Months Ended
             
   

March 31,

 

December 31,

 

March 31,

   

2022

 

2021

 

2021

             
Operating activities            
Net loss  

$

(19,172

)

 

$

(5,429

)

 

$

(25,529

)

             
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:            
Depreciation and amortization  

 

6,121

 

 

 

6,191

 

 

 

6,219

 

Share-based compensation  

 

7,012

 

 

 

4,003

 

 

 

8,562

 

Foreign currency remeasurement (gain) loss  

 

242

 

 

 

208

 

 

 

(71

)

Deferred income taxes  

 

(2

)

 

 

(216

)

 

 

(10

)

Gain on sale of property and equipment  

 

-

 

 

 

(28

)

 

 

-

 

Accounts receivable charges  

 

272

 

 

 

35

 

 

 

466

 

Amortization of premium on marketable securities  

 

280

 

 

 

282

 

 

 

609

 

Noncash interest expense  

 

209

 

 

 

207

 

 

 

199

 

Changes in operating assets and liabilities:            
Accounts receivable  

 

(13,095

)

 

 

3,928

 

 

 

2,059

 

Prepaid expenses and other current assets  

 

(3,174

)

 

 

288

 

 

 

446

 

Income taxes receivable  

 

(2

)

 

 

(51

)

 

 

(36

)

Other assets  

 

834

 

 

 

1,944

 

 

 

399

 

Accounts payable and other current liabilities  

 

3,625

 

 

 

740

 

 

 

5,209

 

Deferred revenue  

 

(911

)

 

 

(5,519

)

 

 

(84

)

Income taxes payable  

 

(655

)

 

 

435

 

 

 

73

 

Other long term liabilities  

 

(55

)

 

 

326

 

 

 

(3

)

Net cash (used in) provided by operating activities  

 

(18,471

)

 

 

7,344

 

 

 

(1,492

)

             
Investing activities            
Purchases of marketable securities  

 

(6,839

)

 

 

(17,238

)

 

 

(10,874

)

Sale and maturities of marketable securities  

 

9,087

 

 

 

15,760

 

 

 

5,897

 

Purchases of property and equipment  

 

(5,350

)

 

 

(3,901

)

 

 

(6,628

)

Proceeds from sale of property and equipment  

 

-

 

 

 

28

 

 

 

-

 

Acquisition of business, net of cash acquired  

 

492

 

 

 

-

 

 

 

-

 

Net cash used in investing activities  

 

(2,610

)

 

 

(5,351

)

 

 

(11,605

)

             
Financing activities            
Payment of employee tax withholdings related to restricted stock vesting  

 

(1,285

)

 

 

(311

)

 

 

(671

)

Proceeds from employee stock plans  

 

7,986

 

 

 

725

 

 

 

2,847

 

Net cash provided by financing activities  

 

6,701

 

 

 

414

 

 

 

2,176

 

Effect of exchange rate changes on cash and cash equivalents  

 

(363

)

 

 

(74

)

 

 

(254

)

Net increase (decrease) in cash and cash equivalents  

 

(14,743

)

 

 

2,333

 

 

 

(11,175

)

Cash and cash equivalents, beginning of period  

 

41,918

 

 

 

39,585

 

 

 

46,795

 

Cash and cash equivalents, end of period  

$

27,175

 

 

$

41,918

 

 

$

35,620

 

Use of Non-GAAP Financial Measures

To evaluate our business, we consider and use non-generally accepted accounting principles (Non-GAAP) net income (loss), EBITDA and Adjusted EBITDA as supplemental measures of operating performance. These measures include the same adjustments that management takes into account when it reviews and assesses operating performance on a period-to-period basis. We consider Non-GAAP net income (loss) to be an important indicator of overall business performance. We define Non-GAAP net income (loss) to be U.S. GAAP net income (loss) adjusted to exclude share-based compensation, non-cash interest expense, restructuring and transition related charges, acquisition and legal related expenses, and amortization of intangible assets. We believe that EBITDA provides a useful metric to investors to compare us with other companies within our industry and across industries. We define EBITDA as U.S. GAAP net income (loss) adjusted to exclude depreciation and amortization, interest expense, interest and other (income) expense, and income tax expense. We define Adjusted EBITDA as EBITDA adjusted to exclude share-based compensation, restructuring and transition related charges and acquisition and legal related expenses. We use Adjusted EBITDA as a supplemental measure to review and assess operating performance. Our management uses these Non-GAAP financial measures because, collectively, they provide valuable information on the performance of our on-going operations, excluding non-cash charges, taxes and non-core activities (including interest payments related to financing activities). These measures also enable our management to compare the results of our on-going operations from period to period and allow management to review the performance of our on-going operations against our peer companies and against other companies in our industry and adjacent industries. We believe these measures also provide similar insights to investors and enable investors to review our results of operations “through the eyes of management.”

Furthermore, our management uses these Non-GAAP financial measures to assist them in making decisions regarding our strategic priorities and areas for future investment and focus. The terms Non-GAAP net income (loss), EBITDA and Adjusted EBITDA are not defined under U.S. GAAP, and are not measures of operating income, operating performance or liquidity presented in accordance with U.S. GAAP. Our Non-GAAP net income (loss), EBITDA and Adjusted EBITDA have limitations as analytical tools, and when assessing our operating performance, Non-GAAP net income (loss), EBITDA and Adjusted EBITDA should not be considered in isolation, or as a substitute for net income (loss) or other consolidated income statement data prepared in accordance with U.S. GAAP. Some of these limitations include, but are not limited to:

  • EBITDA and Adjusted EBITDA do not reflect our cash expenditures or future requirements for capital expenditures or contractual commitments;
  • These measures do not reflect changes in, or cash requirements for, our working capital needs;
  • Non-GAAP net income (loss) and Adjusted EBITDA do not reflect the cash requirements necessary for litigation costs, including provision for litigation and litigation expenses;
  • These measures do not reflect the interest expense, or the cash requirements necessary to service interest or principal payments, on our debt that we may incur;
  • These measures do not reflect income taxes or the cash requirements for any tax payments;
  • Although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will be replaced sometime in the future, and EBITDA and Adjusted EBITDA do not reflect any cash requirements for such replacements;
  • While share-based compensation is a component of operating expense, the impact on our financial statements compared to other companies can vary significantly due to such factors as the assumed life of the options and the assumed volatility of our common stock; and
  • Other companies may calculate Non-GAAP net income (loss), EBITDA and Adjusted EBITDA differently than we do, limiting their usefulness as comparative measures.

We compensate for these limitations by relying primarily on our U.S. GAAP results and using Non-GAAP net income (loss), EBITDA, and Adjusted EBITDA only as supplemental support for management's analysis of business performance. Non-GAAP net income (loss), EBITDA and Adjusted EBITDA are calculated as follows for the periods presented in thousands:

Reconciliation of Non-GAAP Financial Measures

In accordance with the requirements of Item 10(e) of Regulation S-K, we are presenting the most directly comparable U.S. GAAP financial measures and reconciling the unaudited Non-GAAP financial metrics to the comparable U.S. GAAP measures. Per share amounts may not foot due to rounding.

 
LIMELIGHT NETWORKS, INC.
Reconciliation of U.S. GAAP Net Loss to Non-GAAP Net Income (Loss)
(In thousands)
(Unaudited)
                         
    Three Months Ended
                         
   

March 31, 2022

 

December 31, 2021

 

March 31, 2021

   

Amount

 

Per Share

 

Amount

 

Per Share

 

Amount

 

Per Share

                         
U.S. GAAP net loss  

$

(19,172

)

 

$

(0.14

)

 

$

(5,429

)

 

$

(0.04

)

 

$

(25,529

)

 

$

(0.21

)

                         
Share-based compensation  

 

7,012

 

 

 

0.05

 

 

 

4,257

 

 

 

0.03

 

 

 

2,644

 

 

 

0.02

 

Non-cash interest expense  

 

209

 

 

 

0.00

 

 

 

207

 

 

 

0.00

 

 

 

199

 

 

 

0.00

 

Restructuring and transition related charges  

 

698

 

 

 

0.01

 

 

 

2,627

 

 

 

0.02

 

 

 

11,700

 

 

 

0.09

 

Acquisition and legal related expenses  

 

5,107

 

 

 

0.04

 

 

 

377

 

 

 

0.00

 

 

 

-

 

 

 

-

 

Amortization of intangible assets  

 

786

 

 

 

0.01

 

 

 

727

 

 

 

0.01

 

 

 

-

 

 

 

-

 

                         
Non-GAAP net (loss) income  

$

(5,360

)

 

$

(0.04

)

 

$

2,766

 

 

$

0.02

 

 

$

(10,986

)

 

$

(0.09

)

                         
                         
Weighted average shares used in per share calculation      

 

135,528

 

     

 

134,023

 

     

 

124,290

 

                                     
 
LIMELIGHT NETWORKS, INC.
Reconciliation of U.S. GAAP Net Loss to EBITDA to Adjusted EBITDA
(In thousands)
(Unaudited)
                   
          Three Months Ended
                   
         

March 31,

 

December 31,

 

March 31,

         

2022

 

2021

 

2021

                   
U.S. GAAP net loss        

$

(19,172

)

 

$

(5,429

)

 

$

(25,529

)

                   
Depreciation and amortization        

 

6,121

 

 

 

6,191

 

 

 

6,219

 

Interest expense        

 

1,313

 

 

 

1,346

 

 

 

1,286

 

Interest and other (income) expense        

 

686

 

 

 

213

 

 

 

169

 

Income tax expense        

 

206

 

 

 

435

 

 

 

260

 

                   
EBITDA        

$

(10,846

)

 

$

2,756

 

 

$

(17,595

)

                   
Share-based compensation        

 

7,012

 

 

 

4,257

 

 

 

2,644

 

Restructuring and transition related charges        

 

698

 

 

 

2,627

 

 

 

11,700

 

Acquisition and legal related expenses        

 

5,107

 

 

 

377

 

 

 

-

 

                   
Adjusted EBITDA        

$

1,971

 

 

$

10,017

 

 

$

(3,251

)

For future periods, we are unable to provide a reconciliation of EBITDA and Adjusted EBITDA to net income (loss) as a result of the uncertainty regarding, and the potential variability of, the amounts of depreciation and amortization, interest expense, interest and other (income) expense and income tax expense, that may be incurred in the future.

Conference Call

At approximately 7:30 a.m. EDT (4:30 a.m. PDT) today, management will host a quarterly conference call for investors. Interested parties can access the call by dialing (844)-200-6205 from the United States or (929)-526-1599 internationally, with access code 088169. The conference call will also be audio cast live from http://www.limelight.com and a replay will be available following the call from the Limelight website.

Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties. These statements include, among others, statements regarding our expectations regarding revenue, gross margin, non-GAAP net income (loss), capital expenditures, and our future prospects, areas of investment, and product launches. Our expectations and beliefs regarding these matters may not materialize. The potential risks and uncertainties that could cause actual results or outcomes to differ materially from the results or outcomes predicted include, among other things, reduction of demand for our services from new or existing clients, unforeseen changes in our hiring patterns, adverse outcomes in litigation, experiencing expenses that exceed our expectations, and acquisition activities and contributions from acquired businesses. A detailed discussion of these factors and other risks that affect our business is contained in our SEC filings, including our most recent reports on Forms 10-K and 10-Q, particularly under the heading “Risk Factors.” Copies of these filings are available online on our investor relations website at investors.limelightnetworks.com and on the SEC website at www.SEC.gov. All information provided in this release and in the attachments is as of April 28, 2022, and we undertake no duty to update this information in light of new information or future events, unless required by law.

About Limelight

Limelight (NASDAQ: LLNW) is an industry leader in providing edge-enabled solutions to deliver fast, secure digital experiences on a global scale. We offer powerful tools that optimize, protect, and deliver our clients' valuable digital assets in an increasingly competitive marketplace. From content delivery and AppOps to Jamstack application architecture and web security, we are uniquely positioned to leverage our global private network and client-obsessed experts to help our customers win. The world’s largest brands trust Limelight and we invite you to learn more about us by visiting www.limelight.com, Twitter, Facebook, and LinkedIn.

Copyright (C) 2022 Limelight Networks, Inc. All rights reserved. All product or service names are the property of their respective owners.

Source: Limelight Networks

Ticker Slug:

Ticker: LLNW

Exchange: NASDAQ

Limelight Networks, Inc.
Sameet Sinha, 646-337-8909
ir@llnw.com

Source: Limelight Networks, Inc.