Edgio (EGIOQ) 8-K Report of Independent Certified Public Accountants

Exhibit 99.2

LIMELIGHT NETWORKS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except per share data)

	December 31, 2010			December 31, 2009
	(Unaudited)
ASSETS
Current Assets:
Cash and cash equivalents	$	56,741		$	89,509
Marketable securities		12,009			64,870
Accounts receivable, net of reserves of $7,243 and $9,226 at December 31, 2010 and December 31, 2009		41,940			26,363
Income taxes receivable		721			617
Prepaid expenses and other current assets		9,628			9,654
Total current assets		121,039			191,013
Property and equipment, net		54,407			35,524
Marketable securities, less current portion		1,755			12
Deferred tax asset, non-current		718			—
Goodwill		94,364			619
Other intangible assets, net		19,406			370
Other assets		6,951			8,132
Total assets	$	298,640		$	235,670
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable	$	12,236		$	5,144
Deferred revenue, current portion		6,877			12,199
Capital lease obligation, current portion		1,049			—
Other current liabilities		21,608			14,140
Total current liabilities		41,770			31,483
Deferred revenue, less current portion		—			1,377
Capital lease obligation, less current portion		1,750			—
Deferred income tax, less current portion		598			10
Other long term liabilities		21			—
Total liabilities		44,139			32,870
Commitments and contingencies		—			—
Stockholders’ equity:
Convertible preferred stock, $0.001 par value; 7,500 shares authorized; 0 shares issued and outstanding		—			—
Common stock, $0.001 par value; 150,000 shares authorized; 100,068 and 85,011 shares issued and outstanding at December 31, 2010 and December 31, 2009, respectively		100			85
Additional paid-in capital		380,338			308,537
Accumulated other comprehensive income		329			93
Accumulated deficit		(126,266	)		(105,915	)
Total stockholders’ equity		254,501			202,800
Total liabilities and stockholders’ equity	$	298,640		$	235,670

LIMELIGHT NETWORKS, INC.

CONSOLIDATED STATEMENT OF OPERATIONS

(In thousands, except per share amounts)

	Three Months Ended December 31, 2010			Year Ended December 31, 2010
	(Unaudited)			(Unaudited)
Revenue	$	55,243		$	183,327
Cost of revenue:
Cost of services		23,579			80,352
Depreciation - network		6,387			22,367
Total cost of revenue		29,966			102,719
Gross margin		25,277			80,608
Operating expenses:
General and administrative		9,666			35,760
Sales and marketing		13,323			46,752
Research and development		5,141			15,755
Depreciation and amortization		1,955			6,359
Provision for litigation		—			—
Total operating expenses		30,085			104,626
Operating loss		(4,808	)		(24,018	)
Other income (expense):
Interest expense		(64	)		(77	)
Interest income		147			914
Other expense		(105	)		(222	)
Total other income (expense)		(22	)		615
Loss before income taxes		(4,830	)		(23,403	)
Income tax expense (benefit)		1,518			(3,052	)
Net loss	$	(6,348	)	$	(20,351	)
Net loss per share:
Basic	$	(0.06	)	$	(0.22	)
Diluted	$	(0.06	)	$	(0.22	)
Shares used in per share calculations:
Basic		99,557			94,300
Diluted		99,557			94,300