Perion Network (PERI) Q4 2022 Earnings Call Transcript

Perion Network Inc. (NASDAQ:PERI) Q4 2022 Earnings Conference Call February 8, 2023 8:30 AM ET

Company Participants

Doron Gerstel – Chief Executive Officer

Maoz Sigron – Chief Financial Officer

Tal Jacobson – General Manager, CodeFuel

Conference Call Participants

Jason Helfstein – Oppenheimer

Laura Martin – Needham

Andrew Marok – Raymond James

Mark Kelley – Stifel

Eric Martinuzzi – Lake Street Capital

Jeff Martin – Roth Capital

Operator

Welcome to the Perion Network fourth quarter and full year 2022 earnings conference call. Today’s conference is being recorded.

The press release detailing the financial results is available on the company’s website at www.perion.com.

Before we begin, I’d like to read the following Safe Harbor statement. Today’s discussion includes forward-looking statements. These statements reflect the company’s current views with respect to future events. These forward-looking statements involve known and unknown risks, uncertainties and other factors, including those discussed under the heading, Risk Factors and elsewhere in the company’s annual report on Form 20-F that may cause actual results, performance or achievements to be materially different, and any future results, performance or achievements anticipated or implied by these forward-looking statements.

The company does not undertake to update any forward-looking statements to reflect future events or circumstances. As in prior quarters, the results reported today will be analyzed both on a GAAP and non-GAAP basis. While mentioning EBITDA, we will be referring to adjusted EBITDA. We have provided a detailed reconciliation of non-GAAP measures to their comparable GAAP measures in our earnings release, which is available on our website which has also been filed on Form 6-K.

Hosting the call today are Doron Gerstel, Perion’s Chief Executive Officer, and Maoz Sigron, Perion’s Chief Financial Officer, and Tal Jacobson, General Manager of CodeFuel and Perion’s Chief Executive Officer effective August 1, 2023.

I would now like

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