Citron Research Posts On X "$EGIO Let's Clear Up Some Misconceptions. Yesterday A Note Was Put Out By An Analyst Challenging Our Thesis. We Maintain The Company Will Be Bought At A Significant Premium To Here. 1- $EGIO Is A Significant Player In The CDN Space Which Is Crucial For Edge Computing And The Future Of AI...."

https://twitter.com/CitronResearch/status/1780584023590355188

$EGIO Let's clear up some misconceptions. Yesterday a note was put out by an analyst challenging our thesis. We maintain the company will be bought at a significant premium to here. 1- $EGIO Is a significant player in the CDN space which is crucial for edge computing and the future of AI. ( Responding to "… not a leader in edge computing". ) As for streaming, I am sure said analyst will agree this space is doing nothing but growing. 2. Microsoft revenues are not "meaningless" — $EGIO counts them as at least a 10% customer, so ~ $45 million, not the single digit millions he claims. More importantly, Citron wants readers to see the comments that "Edgio's better tools, pricing and support outperformed its competition." Co-Pilot's words, not ours. Nowhere did we claim it was new, and actually published the date on the snapshot from Microsoft. 3. We agree that the cap structure of $EGIO is messed up. We believe this will be solved once the company can file financials and refinance, earning $EGIO a multiple. We are not assigning a $FSLY or $NET multiple yet. But rather if they will trade at even 1x sales the stock sees $60. It's obvious $EGIO is priced for its past. Our point is it has a future with real management, tech, customers, and a plan.