Local Corp reported about an Adjusted EBITDA of 0.7 million in Q1/2013 and incréase of 72% to 1.2 million in Q2 = 1.9 million in the first half of 2013.
And the increased 2013 guidance reported about an Adjusted EBITDA of at least $5.4 million.
If you now subtract the 1.9 million Adjusted EBITDA of the first half of 2013 from the 5.4 milllion for 2013 of the last increased guidance = 3.5 million Adjusted Ebitda for the second half of 2013. .
"The company's efforts to increase sales from its high-margin Network
business could help to generate substantial cash flow in the years ahead.
Local has revved up its sales initiatives within its high-margin Network Publishing
business. This business helps merchants and community websites monetize
consumer traffic through genre-specific advertisements carefully targeted to
consumer interests and local communities. As more revenue accrues from this
business, the company's margin mix should improve leading to more consistent
profits and cash flow."
Source: Read the complete report over 17 sites from Merriman Capital Less
"The company's recent 2Q2013 results beat internal expectations while
management also increased its top line guidance range by $2 million for
the full year. Local is ahead of schedule by a quarter, clocking an unexpected
positive free cash flow for the 1Q2013 period while increasing upon this in 2Q2013;
the company also recently completed a restructuring program to lower expenses
by nearly $2.5 million annually in order to focus on the company's higher-margin
(i.e., about 40-50%) Network business, while selling of its unprofitable daily deals
Source: Read the complete report over 17 sites from Merriman Capital
fankenkoenig aka flaneknking providing positve reviews from Merriman Capital without disclosing relationship between Local Corp and Merriman Capital is much more criminal than Street Sweper ever coudl think of. SEC and FINRA and Attorney of New York should investigate flankenking for materially misleading and falsificated public statements
Our lead director, Norman K. Farra, Jr., currently serves as FEP Advisor for Merriman Capital, Inc.
Merriman analyst the bestest, covers only the bestest companies, Andrew predictions therefore must come true
Covering Local Corp is analyst Andrew D'Silva, one of our best analysts. He has responsibility for such other notable companies as Smack Sportswear (OTCBB: SMAK Speculative Buy price target $0.09) and OriginOil, Inc. (OTC: OOIL Speculative Buy price target $0.55).