Earnings: Limelight Grows Q2 Revs 22 Percent; Losses Higher On Legal Fees
This story was written by Joseph Weisenthal.
Limelight (NSDQ: LLNW), the troubled CDN faced with an ongoing patent infringement lawsuit, reported Q2 revenue of $30.3 million a 22 percent increase from the year-ago quarter. Losses spiked to $15.3 million from a loss of $10.6 million, although this quarter a large charge for litigation expenses. On a non-GAAP basis, the company's net loss for the quarter was $1.6 million.At the end of the quarter, the company had 1292 currenct customers, compared to last quarter's 1232. For the coming quarter, which includes the business its doing for NBCOlympics.com, Limelight predicts revenue of $30-$32 million. It's not clear how big the Olympics contract is worth and what it would be without that deal.
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By Joseph Weisenthal