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Income Statement
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Perion Network Ltd. (MAIL)

Income Statement Business | Product | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   20-F20-F20-F20-F20-F20-F20-F20-F
Revenues:  
    Europe  69.048.149.250.746.948.1  
    North America (mainly U.S.)  562.0423.6272.2195.9197.4213.5  
    Other  9.36.86.614.98.512.4  
Total revenues   [+]640.3478.5328.1261.5252.8274.0312.8221.0
            Revenue growth   [+]33.8%45.9%25.5%3.4%-7.7%-12.4%41.6%-43.2%
Cost of goods sold  30.425.222.525.523.824.725.97.9
Gross profit  609.9453.3305.6235.9229.1249.3286.9213.1
            Gross margin  95.3%94.7%93.1%90.2%90.6%91.0%91.7%96.4%
Selling, general and administrative   [+]79.874.154.949.755.474.783.454.0
Research and development  34.435.330.922.618.917.225.221.7
Other operating expenses  372.6288.0197.6135.9128.4130.9140.284.6
EBITDA   [+]123.055.822.227.726.526.638.152.8
            EBITDA margin  19.2%11.7%6.8%10.6%10.5%9.7%12.2%23.9%
Depreciation and amortization  13.89.99.99.79.716.626.011.4
EBIT   [+]109.245.912.318.016.810.012.141.4
            EBIT margin  17.0%9.6%3.7%6.9%6.6%3.7%3.9%18.7%
Non-recurring items   [+]    2.185.70.780.4
Interest expense          
Other income (expense), net  4.5-0.6-2.6-1.10.1-1.1-3.00.4
Pre-tax income  113.745.39.614.510.9-81.63.1-41.0
Income taxes  14.46.6-0.61.62.8-8.80.20.7
            Tax rate  12.7%14.6% 11.3%25.5%10.8%6.9% 
Earnings from continuing ops  99.238.710.212.98.1-72.85.5-14.7
Earnings from discontinued ops        -2.6-27.0
Net income  99.238.710.212.98.1-72.82.8-41.7
            Net margin  15.5%8.1%3.1%4.9%3.2%-26.6%0.9%-18.9%
   
Basic EPS   [+]$2.21$1.13$0.38$0.50$0.31($2.81)$0.22($0.21)
Diluted EPS   [+]$2.06$1.02$0.36$0.49$0.31($2.81)$0.22($0.21)
   
   
Shares outstanding (basic)   [+]44.934.426.726.025.925.825.571.3
Shares outstanding (diluted)   [+]48.137.828.826.425.925.825.671.3
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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