Perion Network Ltd
NASDAQ:PERI
Income Statement
Earnings Waterfall
Perion Network Ltd
Revenue
|
743.2m
USD
|
Cost of Revenue
|
-470.8m
USD
|
Gross Profit
|
272.4m
USD
|
Operating Expenses
|
-152.6m
USD
|
Operating Income
|
119.8m
USD
|
Other Expenses
|
-2.4m
USD
|
Net Income
|
117.4m
USD
|
Income Statement
Perion Network Ltd
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
325
N/A
|
361
+11%
|
389
+8%
|
395
+1%
|
389
-2%
|
326
-16%
|
265
-19%
|
231
-13%
|
221
-4%
|
245
+11%
|
274
+12%
|
296
+8%
|
313
+6%
|
299
-4%
|
291
-3%
|
281
-3%
|
274
-3%
|
273
0%
|
266
-3%
|
258
-3%
|
253
-2%
|
246
-3%
|
247
+0%
|
255
+3%
|
262
+2%
|
274
+5%
|
271
-1%
|
288
+7%
|
328
+14%
|
352
+7%
|
401
+14%
|
439
+9%
|
479
+9%
|
514
+7%
|
551
+7%
|
589
+7%
|
640
+9%
|
660
+3%
|
692
+5%
|
719
+4%
|
743
+3%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(191)
|
(216)
|
(235)
|
(221)
|
(202)
|
(154)
|
(112)
|
(101)
|
(99)
|
(120)
|
(138)
|
(148)
|
(157)
|
(152)
|
(150)
|
(149)
|
(156)
|
(160)
|
(160)
|
(158)
|
(152)
|
(147)
|
(150)
|
(156)
|
(161)
|
(170)
|
(173)
|
(187)
|
(220)
|
(239)
|
(269)
|
(294)
|
(313)
|
(331)
|
(351)
|
(372)
|
(403)
|
(413)
|
(431)
|
(448)
|
(471)
|
|
Gross Profit |
134
N/A
|
145
+8%
|
154
+6%
|
173
+12%
|
186
+7%
|
173
-7%
|
153
-11%
|
130
-15%
|
122
-6%
|
124
+2%
|
136
+9%
|
148
+9%
|
156
+6%
|
147
-6%
|
140
-4%
|
132
-6%
|
118
-10%
|
113
-5%
|
106
-6%
|
100
-6%
|
101
+1%
|
99
-2%
|
97
-2%
|
99
+2%
|
100
+1%
|
104
+4%
|
98
-5%
|
101
+3%
|
108
+7%
|
113
+5%
|
132
+16%
|
145
+10%
|
165
+14%
|
184
+11%
|
200
+9%
|
216
+8%
|
237
+10%
|
247
+4%
|
261
+6%
|
271
+4%
|
272
+1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(52)
|
(72)
|
(85)
|
(99)
|
(107)
|
(94)
|
(88)
|
(79)
|
(87)
|
(108)
|
(127)
|
(141)
|
(144)
|
(136)
|
(131)
|
(125)
|
(108)
|
(100)
|
(91)
|
(83)
|
(84)
|
(81)
|
(79)
|
(80)
|
(82)
|
(87)
|
(88)
|
(91)
|
(96)
|
(98)
|
(106)
|
(110)
|
(119)
|
(125)
|
(128)
|
(128)
|
(128)
|
(130)
|
(146)
|
(153)
|
(153)
|
|
Selling, General & Administrative |
(29)
|
(42)
|
(49)
|
(57)
|
(63)
|
(55)
|
(53)
|
(48)
|
(54)
|
(68)
|
(81)
|
(90)
|
(92)
|
(88)
|
(87)
|
(85)
|
(75)
|
(69)
|
(62)
|
(55)
|
(55)
|
(53)
|
(50)
|
(50)
|
(50)
|
(52)
|
(52)
|
(53)
|
(55)
|
(56)
|
(62)
|
(66)
|
(74)
|
(78)
|
(81)
|
(80)
|
(80)
|
(82)
|
(83)
|
(89)
|
(87)
|
|
Research & Development |
(22)
|
(30)
|
(36)
|
(42)
|
(44)
|
(37)
|
(31)
|
(25)
|
(22)
|
(24)
|
(26)
|
(26)
|
(27)
|
(25)
|
(22)
|
(20)
|
(17)
|
(17)
|
(18)
|
(18)
|
(19)
|
(18)
|
(19)
|
(21)
|
(23)
|
(25)
|
(26)
|
(29)
|
(31)
|
(32)
|
(34)
|
(35)
|
(35)
|
(36)
|
(35)
|
(34)
|
(34)
|
(34)
|
(34)
|
(34)
|
(33)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
(2)
|
(4)
|
(6)
|
(11)
|
(17)
|
(21)
|
(25)
|
(26)
|
(24)
|
(22)
|
(20)
|
(17)
|
(14)
|
(11)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(9)
|
(10)
|
(11)
|
(12)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(15)
|
(17)
|
(19)
|
|
Operating Income |
82
N/A
|
73
-11%
|
69
-5%
|
75
+7%
|
79
+6%
|
78
-1%
|
65
-17%
|
51
-23%
|
35
-31%
|
16
-54%
|
9
-45%
|
6
-28%
|
12
+88%
|
11
-12%
|
10
-9%
|
7
-23%
|
10
+35%
|
13
+32%
|
16
+17%
|
17
+6%
|
17
+2%
|
17
+3%
|
18
+3%
|
18
+3%
|
18
-2%
|
17
-6%
|
10
-40%
|
10
-2%
|
12
+23%
|
15
+24%
|
27
+75%
|
35
+32%
|
46
+30%
|
59
+28%
|
72
+22%
|
89
+24%
|
109
+23%
|
117
+7%
|
115
-2%
|
118
+2%
|
120
+1%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
3
|
2
|
1
|
(1)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(6)
|
(6)
|
(9)
|
(7)
|
(6)
|
(6)
|
(9)
|
(4)
|
(4)
|
(5)
|
(7)
|
(5)
|
(4)
|
(4)
|
(5)
|
(2)
|
(2)
|
(2)
|
(3)
|
(2)
|
(2)
|
(2)
|
(1)
|
(0)
|
1
|
2
|
(1)
|
7
|
12
|
17
|
20
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
(24)
|
(24)
|
(22)
|
(96)
|
(74)
|
(75)
|
(77)
|
(3)
|
(1)
|
0
|
(44)
|
(44)
|
(86)
|
(87)
|
(44)
|
(44)
|
(2)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
3
|
0
|
0
|
0
|
3
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
5
|
0
|
0
|
0
|
1
|
|
Pre-Tax Income |
85
N/A
|
75
-12%
|
70
-7%
|
73
+5%
|
52
-29%
|
51
-2%
|
41
-20%
|
(48)
N/A
|
(41)
+15%
|
(63)
-53%
|
(74)
-18%
|
(3)
+97%
|
3
N/A
|
3
+6%
|
(41)
N/A
|
(42)
-5%
|
(82)
-92%
|
(78)
+5%
|
(33)
+58%
|
(32)
+1%
|
11
N/A
|
12
+10%
|
14
+15%
|
15
+9%
|
15
-4%
|
15
+3%
|
8
-45%
|
8
-4%
|
10
+22%
|
13
+31%
|
25
+94%
|
34
+37%
|
45
+35%
|
58
+29%
|
73
+24%
|
91
+25%
|
114
+25%
|
125
+9%
|
127
+2%
|
135
+6%
|
138
+2%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(23)
|
(23)
|
(23)
|
(11)
|
(10)
|
(9)
|
(7)
|
(6)
|
(1)
|
6
|
10
|
10
|
(0)
|
(1)
|
6
|
7
|
10
|
8
|
(0)
|
(1)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(1)
|
(1)
|
1
|
(1)
|
(3)
|
(4)
|
(7)
|
(7)
|
(9)
|
(13)
|
(14)
|
(17)
|
(17)
|
(18)
|
(20)
|
|
Income from Continuing Operations |
62
|
51
|
47
|
63
|
43
|
43
|
34
|
(54)
|
(42)
|
(57)
|
(64)
|
8
|
3
|
3
|
(35)
|
(35)
|
(72)
|
(70)
|
(33)
|
(33)
|
8
|
9
|
11
|
12
|
13
|
13
|
8
|
7
|
10
|
12
|
22
|
30
|
39
|
51
|
63
|
78
|
99
|
108
|
110
|
117
|
117
|
|
Net Income (Common) |
29
N/A
|
24
-16%
|
28
+17%
|
57
+103%
|
43
-25%
|
40
-7%
|
30
-24%
|
(60)
N/A
|
(69)
-15%
|
(85)
-24%
|
(93)
-9%
|
(17)
+82%
|
0
N/A
|
4
+1 750%
|
(33)
N/A
|
(35)
-7%
|
(73)
-107%
|
(71)
+3%
|
(34)
+52%
|
(34)
-1%
|
8
N/A
|
9
+15%
|
11
+20%
|
12
+6%
|
13
+8%
|
13
+1%
|
8
-39%
|
7
-10%
|
10
+44%
|
12
+20%
|
22
+76%
|
30
+40%
|
39
+29%
|
51
+32%
|
63
+24%
|
78
+24%
|
99
+27%
|
108
+8%
|
110
+2%
|
117
+7%
|
117
+1%
|
|
EPS (Diluted) |
1.56
N/A
|
1.06
-32%
|
1.2
+13%
|
2.47
+106%
|
1.83
-26%
|
1.59
-13%
|
1.27
-20%
|
-2.52
N/A
|
-2.88
-14%
|
-3.34
-16%
|
-3.44
-3%
|
-0.65
+81%
|
0
N/A
|
0.14
N/A
|
-1.27
N/A
|
-1.31
-3%
|
-3.05
-133%
|
-2.72
+11%
|
-1.27
+53%
|
-1.28
-1%
|
0.31
N/A
|
0.36
+16%
|
0.43
+19%
|
0.46
+7%
|
0.49
+7%
|
0.46
-6%
|
0.3
-35%
|
0.27
-10%
|
0.36
+33%
|
0.34
-6%
|
0.57
+68%
|
0.79
+39%
|
1.02
+29%
|
1.08
+6%
|
1.33
+23%
|
1.63
+23%
|
2.06
+26%
|
2.17
+5%
|
2.22
+2%
|
2.32
+5%
|
2.34
+1%
|