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 based in Tel-Aviv, Israel, on January 8, 2013. The filing serves to disseminate a press release issued on the same date regarding the company's financial expectations for 2013 and final results for 2012.
Key Financial Metrics
- 2013 Revenue Guidance: The company expects revenues to exceed $110 million.
- 2012 Non-GAAP Revenue: Expected to be $61 million.
- Other Metrics: The filing text does not provide clear values for profit, cash flow, margins, debt, or liquidity.
Material Changes
The filing does not provide comparative financial data for the prior period to calculate specific material changes. However, the guidance indicates a projected increase in revenue from the expected $61 million in 2012 to over $110 million in 2013.
Outlook and Management Commentary
Management has issued forward-looking guidance anticipating significant revenue growth for the upcoming fiscal year. The filing incorporates a press release as Exhibit 1 detailing these expectations. No specific risks, contingencies, or unusual items are detailed within the text of this Form 6-K.
Investor Verification Checklist
- Verify the full text of the press release (Exhibit 1) for details on the basis of the 2013 revenue guidance.
- Confirm the definition of "non-GAAP revenues" used for the 2012 figure to understand adjustments made.
- Review subsequent filings for actual 2012 GAAP results and 2013 performance against the $110 million target.