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Local Corporation Message Board

  • flankenking flankenking Apr 26, 2013 5:34 PM Flag

    Local Corp has only a P/E of 7.5

    Adjusted Net Income – Adjusted Net Income for 2013 is expected to be at least $5 million,

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    • Probably the same source that tells you LOCM has a P/E of 7.5!
      Posting fraudulent #'s is a crime!

      The SEC probably figures you have enough trouble since you own this at $4.50.

    • Local Corporation Reaches Record Mobile, Organic and Total Search Traffic
      Press Release: Local Corporation – Mon, Apr 8, 2013 7:30 AM
      IRVINE, Calif.--(BUSINESS WIRE)--

      Local Corporation (LOCM), a leading online local media company, today announced record mobile, organic and total search traffic for the first quarter 2013.

      The company reached mobile traffic of 32 million monthly unique visitors (MUVs) during the first quarter 2013, up 167 percent from 12 million MUVs during the year ago period.

      Organic traffic also continued to grow, representing 49 million MUVs during the first quarter, up 40 percent from 35 million MUVs during the year ago period.

      The company reached 106 million total MUVs during the first quarter, up 13 percent from 94 million MUVs during the year ago period.

      “Traffic volumes remain a key performance indicator for our business. We exceeded our first quarter expectations in each area, which provides us with a strong foundation for performance for the year,” said Heath Clarke, Local Corporation chairman and CEO.

      All site traffic and usage statistics are from third-party service providers engaged by the company. Quarterly MUV traffic is equal to the aggregate of each month's MUV traffic numbers in that quarter. Traffic and the company’s monetization of that traffic combine to determine its revenues for any given period. The company’s traffic volume alone for a period should not be viewed as demonstrative of its financial results for such period.

    • Local Corporation Reports Preliminary First Quarter 2013 Results
      Company reports positive cash flow from operations one quarter earlier than forecasted

      Press Release: Local Corporation – Wed, Apr 3, 2013 7:30 AM
      IRVINE, Calif.--(BUSINESS WIRE)--

      Local Corporation (LOCM), a leading online local media company, today reported preliminary first quarter 2013 financial results.

      Based on preliminary results, the company reports first quarter revenue of approximately $21.7 million, up 4 percent from the prior quarter. In addition, the company reports positive cash provided by operating activities for the first quarter 2013, one quarter earlier than forecasted.

      • 2 Replies to flankenking
      • In accordance with normal procedures, these preliminary revenue and cash flow results are subject to further review by the company and its auditors, which include the finalization of potentially significant items that could affect these results. The company will provide full first quarter 2013 results and announce its upcoming earnings call in due course.

      • We have had a strong start to the year and our initiatives on expanding margins in Owned & Operated, and on accelerating growth in our Network business have been successful to date,” said Heath Clarke, Local Corporation chairman and CEO. “We are pleased to announce that we are meeting performance milestones related to achieving our full year strategic objectives, and we exceeded our first quarter expectations.”

    • flankenking@ymail.com flankenking Apr 26, 2013 6:30 PM Flag

      For full year 2012, we expect 40% revenue growth to approximately $100 million and adjusted net income of $1.1 million

 
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