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.
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 !
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.