Brief: Edgio Reports Fourth Quarter 2022 Financial Results

Edgio

19/07/2023 21:08

July 19 (Reuters) - Edgio Inc  EGIO.O :
    * EDGIO REPORTS FOURTH QUARTER 2022 FINANCIAL RESULTS
    * Q4 2022 REVENUE OF $108.8 MILLION, 90% YEAR OVER YEAR
GROWTH
    * SEES 2023 CAPITAL EXPENDITURE BETWEEN $10 MILLION AND $13
MILLION, IMPLYING 2.5% AND 3.5% OF REVENUE
    * SEES 2023 REVENUE BETWEEN $392 MILLION AND $398 MILLION.
    * $85-$90 MILLION OF RUN RATE SAVINGS EXPECTED BY YE23,
FORECASTED
HIGHER BY YE24
    * QTRLY LOSS DILUTED $0.21
    * QTRLY NON-GAAP LOSS $0.06

Source text for Eikon:  ID:nBw46q4yTa 
Further company coverage:  EGIO.O 

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