Company: PERI
Filing Date: 2025-03-25
Form Type: 20-F
Source: 0001178913-25-001021
Chunk: 90

Company: Perion Network Ltd.
Filing Date: 2025-03-25
Form: 20-F
Item: Item 5
Chunk 90
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, and will submit to the SEC reports on
Form 6-K containing unaudited quarterly financial information.

Our filings with the SEC are also available to the public through
the SEC’s website at http://www. sec. gov. This site contains reports, proxy and information statements and other information
regarding issuers that file electronically with the SEC. The information on that website is not part of this Annual Report on Form 20-F
and is not incorporated by reference herein.

  SUBSIDIARY INFORMATION  

Not applicable.

  ANNUAL REPORT TO SECURITY HOLDERS  

Not applicable.

  ITEM 11.      QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK  
 ────────────────────────────────────────────────────────────────────────────

Exchange Rate Risk. A portion of our revenue
and expenses are denominated in foreign currencies. As a result, numerous balances are denominated or linked to these currencies. Foreign
currency related fluctuations resulted in $0.3 million net losses in 2022, $0.6 million net losses in 2023 and $1.0 million net losses
in 2024. These losses are included in financial expenses, net, as presented in our statements of income.

As of December 31, 2024, balance sheet financial items in U. S.
dollars, our functional currency, and those currencies other than the U. S. dollars were as follows:

                                             U. S. dollars                                                      
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                             In thousands of U. S. dollars                                                      
  Current assets                                   438,707       36,384       38,594      47,778       561,463  
  Long-term assets                                     457        6,784          408       1,283         8,932  
  Current liabilities                              (87,837      (11,669      (57,840      (2,454      (159,800  
  Long-term liabilities                            (11,251      (18,772         (497        (217       (30,737  
  Total                                            340,076       12,727      (19,335      46,390       379,858  

In addition, in territories where our prices are based on local
currencies, fluctuations in the dollar exchange rate could affect our gross profit margin. We may compensate for such fluctuations by
changing product prices accordingly