Network services provider Limelight Networks Inc. (NASDAQ:LLNW) said recently that its third-quarter revenue was up, although its net loss widened, due to expenses related to litigation and its acquisition of online video publisher Delve Networks.
For the third quarter of 2010, the company generated record revenue of $49.8 million, up from $32.5 million a year ago, with its mobile, professional services, and storage services for large businesses each performing well.
The company also reported adjusted EBITDA of $7.1 million and non-GAAP net income, before share-based compensation, litigation expenses, amortization of intangible assets, and acquisition-related expenses, of $0.3 million or break even per share on a fully diluted basis.
Capital investments were $11.7 million. Limelight Networks Inc. (LLNW) ended the quarter with no bank debt and approximately $71 million in cash and short-term marketable securities. A reconciliation of GAAP to non-GAAP net income is included in the below tables.
The content delivery network company sees Q4 revenue of $51.5 million to $53.5 million; the Street has been projecting $53.2 million.
Limelight's (LLNW) active customer base has grown to 1,780 from 1,370 in the last year, and it now has 660 employees, up from 321.
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Disclosure: "No Positions"