“Because we have access to what’s in that store, plus what’s in 70,000 retail locations nationwide,” Clarke said, “we can tell you if that Pioneer 50-inch plasma is cheaper up the road at Sears than it is at the Best Buy you are standing in and tell you if it’s in stock right now.”
Strong increase of the number of member of the netword and expanded realationships with the existing members of the network
Local Corporation’s new local shopping channel enables publishers to drive new digital revenue and traffic through the integration of dynamic local shopping content from the company’s patented Krillion local shopping platform.
The local shopping channel delivers relevant store location, pricing, and product availability to ready-to-buy consumers via online and mobile interfaces. The fully hosted, turnkey solution is private-labeled and is free to implement for publishers.
The More "Profitable" Network Publishing & Advertising Business
As we mentioned above Local Corp. has established strong relationships with regional publishing companies across the county, such as the Boston Herald, the Washington Post, the Pittsburgh Post-Gazette, and many others.
The company arranges to link its proprietary search engine into these publishers online web pages in order to respond to customers who surf the site in search of local information, events, activities and shopping. These searches are almost always of a local nature and the people are favorably disposed to act on the information they receive. As such the local advertisers are much more willing to pay more for "click thrus" from these prospects.
Joke of the day: Yelp has only the 2.6-fold revenues of Local Corp, but with 4.12 billion the 106-fold market-cap of the idiotic low 38.9 million of Local Corp
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.
Yelp Inc., the company that connects consumers with great local businesses, today announced financial results for the third quarter ended September 30, 2013.
• Sequential revenue growth up 11.3% to $61.2 million in Q3-13 from $55.0 million in Q2-13.
• Adjusted EBITDA for the third quarter of 2013 was approximately $8.1 million.
Key Takeaways from Q3-13 of Local Corp with an idlotic low market-cap off 39 million yesterday
• Revised 2013 guidance:
» Annual revenue for 2013 is expected to be at the low end of previously provided guidance of $95 to $97 million
» Adjusted EBITDA is expected to be approximately $4.5 million
• 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
• Continued expansion of our highest gross margin business –Network revenue up 190% from Q3-12
• Significant progress related to local shopping
» Launched next generation Krillion®local shopping platform
» Announced agreement to provide location-based product data for major search engine
» Powering shopping channel for Pittsburgh Post-Gazette