Perion Network Ltd. (NASDAQ:PERI) Q4 2022 Earnings Conference Call February 8, 2023 8:30 AM ET
Company Participants
Doron Gerstel - Chief Executive Officer
Maoz Sigron - Chief Financial Officer
Tal Jacobson - General Manager, CodeFuel
Conference Call Participants
Jason Helfstein - Oppenheimer
Laura Martin - Needham
Andrew Marok - Raymond James
Mark Kelley - Stifel
Eric Martinuzzi - Lake Street Capital
Jeff Martin - Roth Capital
Operator
Welcome to the Perion Network fourth quarter and full year 2022 Earnings Conference Call. Today’s conference is being recorded.
The press release detailing the financial results is available on the company’s website at www.perion.com.
Before we begin, I’d like to read the following Safe Harbor statement. Today’s discussion includes 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, performance 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 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 which 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, and Tal Jacobson, General Manager of CodeFuel and Perion’s Chief Executive Officer effective August 1, 2023.
I would now like to turn the call over to Doron Gerstel. Please go ahead.
Doron Gerstel
Yes, greetings. I hope everyone is well. I’m very glad to have the opportunity to be with you all once again.
Together with me on the call is Maoz Sigron, our CFO; Tal, GM of CodeFuel; and, as said, as of August 1 replacing me as CEO of Perion. Tal will introduce himself and we will talk about the transition plan in-depth towards the end of our call.
And now to business. By now, you’ve all seen the numbers. I will briefly review them in the context you’ve seen before, so you have an apples-to-apples comparison. After that, I’ll get into the theme of our call today, Perion’s execution model.