Local Corp is a lot better 10-bagger with only 38 mllion market-cap and such facts.
Local Corporation Reaches Record Mobile, Organic and Total Search Traffic
Press Release: Local Corporation – Mon, Apr 8, 2013 7:30 AM EDT.. .
.IRVINE, Calif.--(BUSINESS WIRE)--
Local Corporation (LOCM), a leading online local media company, today announced record mobile, organic and total search traffic for the first quarter 2013.
The company reached mobile traffic of 32 million monthly unique visitors (MUVs) during the first quarter 2013, up 167 percent from 12 million MUVs during the year ago period.
Organic traffic also continued to grow, representing 49 million MUVs during the first quarter, up 40 percent from 35 million MUVs during the year ago period.
The company reached 106 million total MUVs during the first quarter, up 13 percent from 94 million MUVs during the year ago period.
“Traffic volumes remain a key performance indicator for our business. We exceeded our first quarter expectations in each area, which provides us with a strong foundation for performance for the year,” said Heath Clarke, Local Corporation chairman and CEO.
All site traffic and usage statistics are from third-party service providers engaged by the company. Quarterly MUV traffic is equal to the aggregate of each month's MUV traffic numbers in that quarter. Traffic and the company’s monetization of that traffic combine to determine its revenues for any given period.
Local Corporation Reports Preliminary First Quarter 2013 Results
Company reports positive cash flow from operations one quarter earlier than forecasted
Press Release: Local Corporation – Wed, Apr 3, 2013 7:30 AM EDT.. .
IRVINE, Calif.--(BUSINESS WIRE)--
Local Corporation (LOCM), a leading online local media company, today reported preliminary first quarter 2013 financial results.
Based on preliminary results, the company reports first quarter revenue of approximately $21.7 million, up 4 percent from the prior quarter. In addition, the company reports positive cash provided by operating activities for the first quarter 2013, one quarter earlier than forecasted.
“We have had a strong start to the year and our initiatives on expanding margins in Owned & Operated, and on accelerating growth in our Network business have been successful to date,” said Heath Clarke, Local Corporation chairman and CEO. “We are pleased to announce that we are meeting performance milestones related to achieving our full year strategic objectives, and we exceeded our first quarter expectations.”