Angie’s List has only the 2.8-fold revenues of Local Corp, but with 760.7 million the 21-fold market-cap of the idiotic low 36.6 million of Local Corp. Such a divergence will never lasten. Local Corp has a positive Adjusted EBITDA of 1.3 million – Angie’s List an Adjusted EBITDA loss of 11.3 million.
Local Corp., the company that connects consumers with all local businesses, today announced financial results for the third quarter ended September 30, 2013
• Sequential revenue growth up 4% to $23.5 million in Q3-13 from $22.7 million in Q2-13.
• Adjusted EBITDA up 12% to $1.3 million in Q3-13 from $1.2 million in Q2-13.
Angie’s List that for its third quarter it lost $13.5 million, or 23 cents a share, on revenue of $65.5 million, compared to a loss of $18.5 million, or 32 cents a share, on $42 million in sales in the same period a year ago. Adjusted EBITDA for the third quarter was 11.3 million.