One of the last IPO's Benefitfocus has with 26.3 million similar revenues like Local Corp with 23.5 million in Q3/2013, but with 1,760 million the 48-fold market-cap of the idiotic low 36 million of Local Corp.
Third Quarter 2013 Financial Highlights of Benefitfocus
• Total revenue was $26.3 million, an increase of 26% compared to the third quarter of 2012.
• GAAP net loss was ($6.8) million, compared to a net loss of ($2.4) million for the third quarter of 2012. GAAP net loss per share was ($1.08), based on 6.3 million basic and diluted weighted average common shares outstanding, compared to a GAAP net loss per share of ($0.49) for the third quarter of 2012, based on 4.8 million basic and diluted weighted average common shares outstanding.