Perion Network Ltd. (NASDAQ:PERI) Q4 2018 Earnings Conference Call Transcript

Feb 13, 2019 • 10:00 am ET

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Perion Network Ltd. (NASDAQ:PERI) Q4 2018 Earnings Conference Call Transcript

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Executive
Doron Gerstel

moat, takes time. I have no doubt that it will be our core differentiator and springboard for future growth. By nature, I'm not a patient person, but true innovation takes time and I'm confident it will be worth the wait. Before I open the call to questions, I'd like to thank our employees, partners and customers for their support during the past year.

I'd also like to welcome our new shareholders. For those of you who may not track Perion's 13D and 13G filings last month, Ronen Shilo and Dror Erez, co-founder of Conduit, who became two of Perion's largest shareholders in 2014, each lowered their stake in the Company by selling a combined 1.8 million shares. They were both buyers focused on the long-term in an orderly fashion. So, an open market block trade transaction that was premium priced at $3.30. Perion didn't have any involvement in this transaction.

With that said, operator, will you please open the call for questions. Operator?