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Perion Network Ltd. (PERI) CEO Doron Gerstel on Q1 2020 Results - Earnings Call Transcript

May 06, 2020 3:09 PM ETPerion Network Ltd. (PERI) Stock
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Perion Network Ltd. (NASDAQ:PERI) Q1 2020 Results Earnings Conference Call May 6, 2020 8:30 AM ET

Company Participants

Doron Gerstel - Chief Executive Officer

Maoz Sigron - Chief Financial Officer

Conference Call Participants

Eric Martinuzzi - Lake Street Investments

Austin Moldow - Canaccord

Chris McGinnis - Sidoti & Company

John Nobile - Taglich Brothers

Shawn Boyd - Next Mark Capital


Good day and welcome to the Perion First Quarter and Annual 2020 Earnings Conference Call. Today's conference is being recorded. The press release detailing the financial results is available on the company's website, at perion.com.

Before we begin, I'd like to read the following safe harbor statement. Today's discussion will include forward-looking statements. These statements reflect the company's current views with respect to future events. These forward-looking statements involve known and unknown risks, uncertainties and other factors, including those discussed under the heading Risk Factors and elsewhere in the company's annual report on Form 20-F that may cause actual results, performance or achievements to be materially different and any future results, performances or achievements anticipated or implied by these forward-looking statements.

The company does not undertake to update any forward-looking statements to reflect future events or circumstances. As in prior quarters, the results reported today will be analyzed both on a GAAP and a non-GAAP basis. While mentioning EBITDA, we will be referring to adjusted EBITDA. We have provided a detailed reconciliation of non-GAAP measures to their comparable GAAP measures in our earnings release, which is available on our website and has also been filed on Form 6-K.

Hosting the call today are Doron Gerstel, Perion's Chief Executive Officer; and Maoz Sigron, Perion's Chief Financial Officer.

I would now like to turn the call over to Doron Gerstel. Please go ahead.

Doron Gerstel

Thank you, and good morning. Before we get

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