Wednesday, August 8, 2007

Limelight Posts Q2, Stock Tumbles

Limelight Networks, a leading content delivery network, reported GAAP revenue of $21.2 million and non-GAAP revenue of $24.7 million, representing growth of 43% and 67%, respectively, over the $14.8 million of revenue the company reported in second quarter of 2006.

The company reported a second quarter GAAP loss per diluted share of $(0.23) and non-GAAP earnings per diluted share of $0.00.

Limelight note that it has increased total network egress to a capacity of approximately 1.4 terabits per second.

On Thursday, shares in Limelight fell $5.81 (39.26%) to close at $8.99.

  • In June, Limelight raised over $200 million in growth capital in an IPO.

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