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Local Corporation Message Board

  • fankenkoenig fankenkoenig Oct 24, 2013 2:37 PM Flag

    The numbers will be exellent

    IRVINE, Calif.--(BUSINESS WIRE)--

    Local Corporation (LOCM), a leading online local media company, today announced that it will release financial results for its third quarter 2013 after the close of market on Thursday, Nov. 7, 2013.

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    • 51.8 million revenues in the second half of 2013 as the result of the guidance of 95-97 million in 2013 and the reported numbers of Q1 + Q2
      .

      Q1/2013: 21.5 million (reported)

      Q2/2013: 22.7 million (reported)

      Q3/2013: 24.6 million (result of the guidance of Local Corp for the complete year and my quarterly estimate)

      Q4/2013: 27.2 million (result of the guidance of Local Corp for the complete year and my quarterly estimate)

      • 2 Replies to fankenkoenig
      • And next BIG in 2014 will increase the revenues again.

        Local's new and revolutionary mobile shopping directory apps could
        offer substantial new shopping-related revenue streams in 2014. Local is
        planning to introduce a new shopping directory product and a price comparison
        application called Savings Near Me in the 2nd half of the current year. These apps
        will aggregate thousands of retailers across the country in real-time to provide
        price-savvy consumers with price comparisons as they search for local products.

      • Remember: Key Takeaways from Q2’13

        • Increase 2013 guidance:
        »Revenue between $95 million and $97 million
        »Adjusted EBITDA of at least $5.4 million

        •Sequential revenue growth up 6% to $22.7 million in Q2 from $21.5 million in Q1

        • Adjusted EBITDA up 72% to $1.2M in Q2 from $685K in Q1

        • Record Mobile traffic was 34 million MUVS for Q2

        • Sold Spreebird daily deals business, expect $600K annualized improvement in earnings and cash flow

        • Continued expansion of our highest gross margin business – Network ex TAC up 118% from Q2 2012

        • Completed a $5 million convertible note financing in April 2013

    • Yelp has only the 2.4-fold revenues of Local Corp, but the 113-fold market-cap – an idiotic joke
      .

      Income Statement of Local Corp (Market Cap = 42.1 million):
      • Sequential revenue growth up 6% to $22.7 million in Q2 from $21.5 million in Q1
      • Adjusted EBITDA up 72% to $1.2M in Q2 from $685K in Q1

      Income Statement of Yelp (Market Cap = 4,780 million)
      • Net revenue was $55.0 million in the second quarter
      • Adjusted EBITDA for the second quarter of 2013 was approximately $7.8 million, compared to $1.6 million for the second quarter of 2012.

    • Relevant like searching for a restaurant and getting a hardware store? The local mobile app is useless, anyone who's see fit has to agree. Why would anyone use this app over google or yahoo that's built into the phone??? Answer: they don't! Going to zero !

      Sentiment: Strong Sell

    • Revenues in Q3/2013 will be 24.6 after my estimates - Test Fankenkoenig!
      .
      From the 51.8 million revenues in the second half after the guidance we will see after my estimates 24.6 million in Q3/2013 and 27.2 million revenues in Q4/2013.

      That are 98.4 million on a yearly base and by the market cap of only 42.1 million of today idiotic low 0.4-times-revenues.

 
LOCM
1.19-0.0100(-0.83%)Dec 19 4:00 PMEST

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