Perion Network Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K was filed by Perion Network Ltd., a foreign private issuer, for the month of December 2015. The filing serves to incorporate by reference specific financial exhibits related to the company's acquisition of Interactive Holding Corp. (Undertone). The document does not contain Perion's own operating results for the period but rather focuses on the financial data of the acquired entity and pro forma combined data.
Key Financial Metrics
The filing text itself does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. Instead, it references the following attached exhibits which contain the data:
- Exhibit 99.1: Audited consolidated financial statements of Undertone for the years ended December 31, 2012, 2013, and 2014.
- Exhibit 99.2: Unaudited consolidated financial statements of Undertone for the six months ended June 30, 2015.
- Exhibit 99.3: Unaudited pro forma combined financial data of Perion Network Ltd. and Undertone for the year ended December 31, 2014, and the six months ended June 30, 2015.
As the specific figures are contained within the exhibits and not the cover text, the filing text does not provide a clear value for any specific financial metric.
Material Changes
The primary material event reflected in this filing is the inclusion of Undertone's financial history and the pro forma combination with Perion. This indicates a significant corporate development (acquisition) that alters the company's financial structure, though the specific magnitude of change is detailed in the referenced exhibits rather than the summary text.
Guidance, Outlook, and Risks
The filing text does not contain management commentary, forward-looking guidance, specific risk factors, or details on contingencies. It is a procedural filing to attach financial exhibits to registration statements on Form F-3 and Form S-8.
Investor Verification Checklist
- Review Exhibit 99.3 to understand the pro forma financial impact of the Undertone acquisition on Perion's historical results.
- Examine Exhibit 99.2 for the most recent unaudited performance of Undertone prior to the filing date.
- Verify the integration of these exhibits into the active Registration Statements (Nos. 333-208785, 333-195794, and various S-8 forms) to understand the capital raising context.
- Confirm the audit status of the Undertone data (audited for 2012-2014, unaudited for 2015 YTD) as noted in the exhibit descriptions.