Perion Network Announces Filing of Annual Report on Form 20-F for Fiscal Year 2023
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Insights
The filing of Perion Network Ltd.'s annual report on Form 20-F is a significant disclosure that provides investors with comprehensive insight into the company's financial health and operational performance over the past fiscal year. It is essential to examine the liquidity ratios, revenue growth, profit margins and earnings per share within this context. These metrics are critical indicators of the company's ability to meet short-term obligations, scale its operations and provide returns to shareholders.
Furthermore, the audited financial statements are a reliable source of information, as they have been scrutinized for accuracy and adherence to accounting standards. Investors should pay close attention to any changes in accounting policies, discrepancies in expected versus reported figures and management's discussion and analysis section for strategic insights and future outlook.
It is also pertinent to compare Perion's performance with industry benchmarks and competitors to gauge its market position and potential for growth. Such a comparison can reveal strengths that may provide a competitive edge or weaknesses that require strategic adjustments.
From a market perspective, the release of Perion Network Ltd.'s annual report can influence investor sentiment and stock price volatility. It is important to analyze how the disclosed financial results align with prior market expectations and guidance provided by the company. Any significant deviation, either positive or negative, could lead to market reactions.
Additionally, the report's accessibility to shareholders and interested parties is a testament to the company's transparency, which can affect its reputation among investors. The ease of obtaining a hard copy of the report at no additional cost is a shareholder-friendly practice that may foster investor trust.
It is also worth monitoring the company's performance in the context of digital advertising trends, such as shifts towards programmatic advertising, data privacy regulations and the increasing importance of mobile and video advertising. These trends can have a profound impact on Perion's strategic direction and revenue streams.
Compliance with Nasdaq Listing Rule 5250(d)(1)(C) is a critical aspect of Perion Network Ltd.'s annual report filing. This rule requires listed companies to publicly disclose their annual financial reports, ensuring that all market participants have equal access to this vital information.
Investors should be aware that non-compliance with such regulations could result in punitive measures from the exchange, including delisting. Therefore, the company's adherence to these regulatory requirements is not only a matter of legal compliance but also an indicator of its commitment to corporate governance standards.
Furthermore, the legal framework surrounding digital advertising, such as data protection laws and advertising standards, should be considered when evaluating the company's potential legal risks and their impact on future operations.
The annual report, containing audited consolidated financial statements for the year ended December 31, 2023, as filed with the Securities and Exchange Commission on April 8, 2024, is now accessible on our website at https://www.perion.com/.
In addition to online availability, Shareholders and interested parties may receive a hard copy of the report at no additional cost. This press release is issued in compliance with Nasdaq Listing Rule 5250(d)(1)(C).
To request a hard copy of the annual report, shareholders are welcome to contact Perion Network Ltd. through the details provided on our website.
About Perion Network Ltd.
Perion connects advertisers with consumers through technology across all major digital channels. These channels converge at Perion’s intelligent HUB (iHUB), which connects the company’s demand and supply assets, providing significant benefits to brands and publishers. For more information, visit Perion's website at www.perion.com.
Forward Looking Statements
This press release contains historical information and forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 with respect to the business, financial condition and results of operations of Perion. The words “will,” “believe,” “expect,” “intend,” “plan,” “should,” “estimate” and similar expressions are intended to identify forward-looking statements. Such statements reflect the current views, assumptions and expectations of Perion with respect to future events and are subject to risks and uncertainties. Many factors could cause the actual results, performance or achievements of Perion to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, or financial information, including, but not limited to, the failure to realize the anticipated benefits of companies and businesses we acquired and may acquire in the future, risks entailed in integrating the companies and businesses we acquire, including employee retention and customer acceptance; the risk that such transactions will divert management and other resources from the ongoing operations of the business or otherwise disrupt the conduct of those businesses, potential litigation associated with such transactions, and general risks associated with the business of Perion including intense and frequent changes in the markets in which the businesses operate and in general economic and business conditions, loss of key customers, data breaches, cyber-attacks and other similar incidents, unpredictable sales cycles, competitive pressures, market acceptance of new products, changes in applicable laws and regulations as well as industry self-regulation, inability to meet efficiency and cost reduction objectives, changes in business strategy and various other factors, whether referenced or not referenced in this press release. Various other risks and uncertainties may affect Perion and its results of operations, as described in reports filed by Perion with the Securities and Exchange Commission from time to time, including its annual report on Form 20-F for the year ended December 31, 2022 filed with the SEC on March 15, 2023. Perion does not assume any obligation to update these forward-looking statements.
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Perion Network Ltd.
Dudi Musler, VP of Investor Relations
+972 (54) 7876785
dudim@perion.com
Source: Perion Network Ltd.
FAQ
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