We could do with a bit of good news!
Limelight Networks, Inc. (“Limelight”) (Nasdaq:LLNW), a global leader in digital content delivery, today announced that eDreams Odigeo, the world’s largest online travel company in the flight sector and the largest publicly traded European e-commerce company, has selected the Limelight OrchestrateTM Delivery service to deliver its e-commerce web sites.
“Our customers are well educated, savvy users of online travel agencies and don’t want to spend more than 15 minutes booking their travel,” said Aranzazu Del Rio, procurement manager at eDreams Odigeo. “We reached a point where we needed to diversify our platform and give our users an improved experience when booking their travel. We chose Limelight’s CDN so we could give our users around the globe an exceptional experience. Limelight had the best performance in our tests, as well as the best support.”
Your not the only one.Seems like the judicial system in the US accepts backhanders
I thought those nonsense was finished?A few months ago they LOST the case.
Akamai Technologies Inc. lost its appeals court bid to revive a $45.5 million patent-infringement verdict against Limelight Networks Inc.
Limelight doesn’t infringe an Akamai patent for content delivery networks, the U.S. Court of Appeals for the Federal Circuit in Washington said in an opinion posted on its electronic docket. Akamai said it will ask the full court to consider the case and will appeal to the Supreme Court if necessary.
Its been my observation that this is a favourite for short sellers add to that there is no profit on the horizon despite being a booming sector ie the internet is only going to get bigger requiring more bandwidth and supply and llnw is in a quagmire despite its upside potential. Makes you wonder.
makes you wonder.The only explanation I can think of is that they are still losing a fair amount of cash per qrt.They have to stop the bleed.
well another solid qrt albeit still losing cash.Lets remember GS have a substantial holding in this company.
Compared to its peers ie Akam LVLT,Brightcove,INAP its way undervalued imho.Come on Bob Lento and team make your loyal longs happy investors.Sounded like Bob had a bit of a cold on the c/c call.
jeez $5 to $6 is entirely reasonable for this company.
Moving to the balance sheet, cash and marketable securities were down $6 million sequentially to $75 million as of June 30, 2015. During the quarter, we spent $5.4 million in capital expenditures. DSO as of June 30, 2015, was 65 days versus 47 days at the end of 2014, and 57 days at the end of the first quarter. Although DSO increased due to the timing of payments received from our largest customers, we believe the quality of our receivable balance has improved along with our customer base. We target mid-50s for our DSO.
As of June 30, we had approximately 100 million shares outstanding. Total employee count at the end of the quarter was 563, up 30 from the end of the first quarter, and up 86 from the year-ago quarter. We expect headcount will continue to increase, but at a slower pace, as we expand our business and continue our investment in R&D and sales.
Based on these results, improving trends in our business, and our expectations for the balance of the year, we are updating our guidance as follows: The Company is expecting total revenue to be between $170 million and $174 million, up from our previous guidance of between $164 million and $170 million. Third-quarter revenue is expected to be between $42 million and $44 million.
Limelight delivered a solid second quarter, with strong revenue and margin growth. Our current quarter shows progress is continuing and we believe it is sustainable. During the quarter, we made significant investments to expand the capacity of our network and we continue to aggressively invest in R&D. These investments add to our capabilities and are focused on improving our infrastructure and aimed at introducing new features and functionality.
Employee count is growing and our employee turnover is the lowest it's been in many years. Our reach is expanding, the relationships with our customers are strengthening, and the Company is growing revenue again. We remain confident in our ability to execute, and as a result of the increasing business momentum, we are again raising our revenue guidance, confirming our CapEx guidance, and tightening the range of our non-GAAP loss per share expectations.
Let me share the highlights from the quarter and some reasons for my enthusiasm about our future prospects. For the second quarter of 2015, we reported revenue of $43.8 million, ahead of our plans and ahead of our $40 million to $42 million guidance. This was the highest reported revenue in nine quarters. Excluding the impact from Netflix and currency headwinds, revenue was up a strong 25%. Sequential GAAP revenue was up 3%, after being up 4% sequentially last quarter.
This strength leads me to believe we have turned the corner and are regaining lost market share. We focused on the largest customers because that's where we believe the growth is highest and we are winning. In our revenues, the largest 100 customers are growing at a faster rate than the remainder. At the same time, we've lost some of our smaller customers. Some of this has been due to us sunsetting legacy products.
Limelight Networks, Inc. (Nasdaq:LLNW) (Limelight), a global leader in digital content delivery, today reported revenue of $43.8 million for the second quarter ended June 30, 2015, compared to $41.3 million in the second quarter of 2014, an increase of six percent.
During the second quarter of 2014, revenue from Netflix was $5.4 million. Revenue was also negatively impacted in the second quarter of 2015 by changes in foreign currency of approximately $1.0 million. Adjusting for the impact of these items, revenue increased by 25 percent period over period and 4 percent sequentially.
GAAP gross margins were 41.4% in the second quarter of 2015, up 300 basis points from 38.4% in the second quarter of 2014. Effective April 1, 2015, we reorganized job responsibilities of certain employees from cost of services to research and development, on a prospective basis. This reorganization resulted in approximately $0.75 million, or 170 basis points, of improvement in gross margin period over period.
On a GAAP basis, Limelight reported a loss from continuing operations of $6.4 million, or $0.06 per basic share, for the second quarter of 2015, compared to a loss from continuing operations of $7.1 million, or $0.07 per basic share, in the second quarter of 2014.
Non-GAAP net loss was $4.1 million, or $0.04 per basic share, for the second quarter of 2015 compared to a non-GAAP net loss of $3.6 million, or $0.04 per basic share, in the second quarter of 2014.
EBITDA from continuing operations was negative $1.2 million for the second quarter of 2015 compared to negative $1.9 million for the second quarter of 2014. Adjusted EBITDA was $0.9 million for the second quarter of 2015 compared to $1.3 million for the second quarter of 2014.
Limelight ended the second quarter with 563 employees, up from 533 employees at the end of the first quarter of 2015, and up from 477 employees in the year ago period.
Folks the future of entertainment will be virtual for example
While virtual reality continues to be touted as the next frontier in tech, NextVR already is ahead of the game. The company has 23 patents granted and pending for the capture, compression, transmission and display of virtual reality content.
Adding to the buzz surrounding virtual reality, VR headset maker Oculus – which was acquired by Facebook last year for $2.3 billion – recently announced it will roll out its Rift headset for retail consumers in the first quarter of 2016. NextVR executives welcomed the news as the jolt the industry had been waiting for.
Tech entrepreneurs DJ Roller and David Cole, who founded NextVR in 2009, aspire to make it the Netflix of the virtual reality world. Last July, the company received $5 million in funding from Hong Kong-based Vectr Ventures.