"When you take a step back, you can see that our Network business is characterized by multiyear publisher relationships, high value organic traffic, high gross margins and high growth. Based on just our Network business alone, one was I have to say that is a corporation were undervalued. We believe that the value of this business will be realized as we grow earnings per share this year."
Source: Transcript of Conference Call (Read the complete text direct on Seeking Alpha)
Business directories powered by Local Corporation include…
Arizona Daily Star
Chattanooga Times Free Press
Cumberland Times News
Daily Herald – Utah
East Valley Tribune Less
El Paso Times
Honolulu Star Advertiser
Knoxville News Sentinel
Santa Ynez Valley News
St. Louis Post-Dispatch
The Arizona Republic
The Commercial Appeal
The Record Searchlight
The State Journal-Register
Ventura County Star
From 10K of Local Corp: "Our Network, which reaches over 12 million MUVs, is our second largest source of revenue and is our largest gross margin business by percentage and in real dollars. Our product is a nationwide database of local business and product listings along with ad feeds which monetize those listings. We provide our product in the form of a hosted solution or via an XML feed solution. Our hosted solution is designed to generate search engine optimization (“SEO”) traffic to our partners’ sites and this helps those partners to increase their reach to new online users. As with Local.the flagshipsite, we monetize those users with ads placed alongside our content and we share revenue generated from those ads with our partners. Our XML feed solution is provided to sites that prefer to maintain their own look-and-feel and we share revenues in a similar fashion. Our Network consists of over 1,200 partner websites, such as local newspaper, television and radio station websites and we have twelve month auto-renewing contracts with the majority of our partners. Our Network enables us to reach a larger audience than we can reach on our flagship-site alone."
The second-biggest division Network of Local Corp is alone is bigger than MeetMe and more valuable:
First Quarter 2013 Financial Highlights of MeetMe with market-cap of 64 million
Revenue was $7.8 million
Adjusted EBITDA was a loss of $1.7 million
First Quarter 2013 Financial Highlights of Local Corp with market-cap of 38 million
Revenue was $21.8 million
Adjusted EBITDA was positive with $ 0.6 million Less
The second-biggest divistion of Local Corp alone is bigger than MeetMe and more valuable:
Part of this number are the following number are the more than exxellent for the Network:
• Revenue – First quarter 2013 total revenue related to the Network business unit was $8.3 million, up 9 percent from the $7.6 million Network revenue recorded in the fourth quarter 2012, and up 98 percent from the $4.2 million Network revenue recorded in the first quarter 2012.
• Network Revenue ex-TAC – First quarter 2013 total Network revenue ex-TAC was $ 4.1 million, up 5 percent from the $3.9 million Network revenue ex-TAC recorded in the fourth quarter 2012, and up 67 percent from the $2.7 million Network revenue ex-TAC recorded in the first quarter 2012.
• Network Revenue ex-TAC is defined as GAAP Network revenue less network traffic acquisition cost. An explanation of the company’s use of non-GAAP financial measures, including the limitations of such measures relative to GAAP measures, is included below, and reconciliation between GAAP and non-GAAP measures, where appropriate, is included in the financial tables attached to this release.
• Network Sites – The Network business unit ended the first quarter 2013 with over 1,200 regional media sites.
Our Network consists of over 1,200 partner websites, such as local newspaper, television and radio station websites and we have twelve month auto-renewing contracts with the majority of our partners
Network business unit was $8.3 million, up 9 percent from the $7.6 million Network revenue recorded in the fourth quarter 2012, and up 98 percent from the $4.2 million Network revenue recorded in the first quarter 2012.
Flank..if the biz was so good why is the stock price almost at an all time low? If its doing so well, why do they need to keep taking out more loans...When LOCM files for bankruptcy u are going to get it in the a ss