Edgio, Inc.
edg.ioNo Longer Reporting
The company has not filed an annual or quarterly report since its Q3 FY2023 10-Q, filed Nov 16, 2023. Its latest SEC filing is a EFFECT from Oct 28, 2024.
10-Q for Q3 FY2023, filed Nov 16, 2023
The sections below describe the company as of the FY2022 annual report.
What Did They Do?
Provides media delivery and streaming services, plus tools to build, secure, and accelerate websites and APIs, for media companies and businesses with customer-facing digital services.
10-K for FY2022, filed Jun 29, 2023Edgio is a globally-scaled, edge-enabled solutions provider for businesses looking to meet the growing demand for fast, secure and…View ↗
Media Platform. The media platform enables companies to stream large files (video, software downloads, live events) across the globe in a…View ↗
Applications Platform. The Edgio apps platform enables our clients to build, secure, and accelerate their websites and APIs. Edgio…View ↗
How Did They Make Money?
Clients are generally billed monthly for their use of content delivery, streaming, website acceleration, security, and related edge services.
10-K for FY2022, filed Jun 29, 2023
$338.6M
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10-K for FY2022, filed Jun 30, 2023
$338.6M ↗
Who Were Their Customers?
Media and streaming companies use media delivery services; retailers and financial-services businesses use website and API tools. Edgio's sales efforts use both direct and indirect resources.
10-K for FY2022, filed Jun 29, 2023Our media platform is ideal for communications and media companies, and all OTT content delivery companies including pay TV, channel…View ↗
Our apps platform is ideal for both new and existing clients focused on creating better digital experiences for their customers. These…View ↗
We continue to work on our messaging and marketing efforts to ensure that current and potential clients are aware of and interested in…View ↗
10-K for FY2022, filed Jun 29, 2023
During the year ended December 31, 2022, we had two clients, Amazon and Verizon, who represented approximately 17% and 12%, respectively…View ↗
Did Revenues Turn Into Profits?
No. It lost $136.5M in FY2022.
10-K for FY2022, filed Jun 30, 2023
−$147.8MView ↗
10-K for FY2022, filed Jun 30, 2023
−$136.5MView ↗
10-K for FY2022, filed Jun 30, 2023
−$47.2MView ↗
How Were They Changing?
- Net income
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Sources
10-Q for Q3 FY2023, filed Nov 17, 2023
−$24.5MView ↗
- ▼ −50% (Loss)
- vs −$49.1M in Q3 FY2022
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Sep 13, 2024
Nasdaq determined to delist Edgio's stock
Trading was set to be suspended, with the stock expected to move to the Pink Open Market.
Sources
8-K, filed Sep 13, 2024
On September 9, 2024, the Company received written notice (the “Delisting Notice”) from the Listing Qualifications Department of the Nasdaq…View ↗
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Sep 9, 2024
Edgio filed for Chapter 11 and signed an asset-sale agreement
Lynrock's proposed credit bid would acquire substantially all of the company's assets, subject to court approval.
Sources
8-K, filed Sep 9, 2024
On September 9, 2024 (the “Petition Date”), Edgio, Inc. (the “Company”) and certain of its direct and indirect subsidiaries (collectively…View ↗
Grew. Revenue grew 73% in 4 years, from $195.7M in FY2018 to $338.6M in FY2022, about 15% a year.
Expanded app-development offering
The older report centered on content delivery, video, security, edge computing, and storage; the latest report also describes a platform for building, securing, and accelerating websites and APIs, including tools for building headless websites.
10-K for FY2019, filed Jan 30, 2020 10-K for FY2022, filed Jun 29, 2023
Who Did They Compete With?
Competes with Akamai, Amazon Web Services, Cloudflare, F5, Fastly, Imperva, and Lumen Technologiess
10-K for FY2022, filed Jun 29, 2023We primarily face competition from Akamai, Amazon Web Services, Cloudflare, F5, Fastly, Imperva, and Lumen Technologiess. Each vendor has…View ↗
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