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IAC/InterActiveCorp Message Board

  • flankenking flankenking Aug 25, 2013 5:20 PM Flag

    Most undervalued Nasdaq Share

    Key Takeaways from Q2’13 of Local Corp with idiotic low 38 million market-cap

    • 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

 
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