Perion Network Ltd. (NASDAQ: PERI), today announced increased guidance for the full-year 2012 based on continued improvements in the Company’s operations. Based on continued improvements in the Company’s back-end systems, which are enabling a strong return on investment, and consequently, an increase in customer acquisition spending as well as increased search distribution partnerships, management is raising non-GAAP guidance for 2012 for the second time this year. Management currently expects:
- Revenues of approximately $55 million, up from previous guidance of $50 to $52 million.
- EBITDA of approximately $12 million, compared to previous guidance of $10.5 to $11.5 million
- Net Income of approximately $9 million, or $0.90 per share on a non-GAAP basis, an increase compared to previous guidance of $7.5 to $8.5 million