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  • flankenking flankenking Apr 4, 2013 11:34 AM Flag

    A company with such facts is extreme undervalued: with only 41 million like today

    Fiscal 2013 Financial Guidance of Local Corp:

    Revenue - The company expects 2013 revenue of between $93 million and $95 million, which at the mid-point, is an increase of 12 percent, over the fourth quarter 2012 exit run rate.

    Adjusted Net Income – Adjusted Net Income for 2013 is expected to be at least $5 million, which would result in approximately $1 million in debt-free cash flow. The company defines debt-free cash flow as cash provided by operating activities, less capital expenditures Less

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    • The Inflection Point of Local Corp is Now

      • Five material challenges in 24 months withstood
      »Significant cost to the company in revenue and earnings

      • Highest revenue per employee ever
      »Projected growth to about $900k per employee EOY
      »Running lean!

      • Returning to profit
      »Significant cost savings starting 1Q13
      »Achieved 1Q13 Positive Adjusted EBITDA
      »Achieved positive cash from operations from 1Q13

    • It is a joke, that Yelp has the 50-fold market-cap and Tumblr the 27-fold price of Local Corp, but both less US-Monthly-Unique-Visitors (newest numbers from Siteanalytics)

      Local Corp (market-cap of 40 million) development of Unique Visitors:

      11/2012: 18,745,842 Monthly Unique Visitors

      12/2012: 22,738,206 Monthly Unique Visitors

      01/2013: 26,410,927 Monthly Unique Visitors

      02/2013: 24,017,605 Monthly Unique Visitors

      03/2013: 24,427,755 Monthly Unique Visitors

      04/2013: 23,785,928 Monthly Unique Visitors

      Compare with the development of Yelp's (market-cap of 2 billion) Unique Visitors:

      11/2012: 19,358,705 Monthly Unique Visitors

      12/2012: 21,017,483 Monthly Unique Visitors

      01/2013: 22,293,301 Monthly Unique Visitors

      02/2013: 21,063,155 Monthly Unique Visitors

      03/2013: 23,364,095 Monthly Unique Visitors

      04/2013: 22,252,993 Monthly Unique Visitors

      Compare with the development of Tumblr’s (offer of Yahoo of 1.1 billion) Unique Visitors:

      11/2012: 24,610,970 Monthly Unique Visitors

      12/2012: 26,348,660 Monthly Unique Visitors

      01/2013: 26,003,223 Monthly Unique Visitors

      02/2013: 24,082,558 Monthly Unique Visitors

      03/2013: 22,990,413 Monthly Unique Visitors

      04/2013: 23,21,082 Monthly Unique Visitors

    • Key Takeaways from Q1’13

      • Sequential revenue growth from $20.9 million in Q4 to $21.8 million in Q1, up 4%

      • Margin expansion drove positive cash flow from operations one quarter ahead of schedule

      • Record traffic:
      » Overall traffic on the site and network was a record 106 million monthly unique visitors (MUV)
      » Organic traffic on the site was a record 49 million MUVs
      » Mobile traffic was 32 million MUVS for the first quarter 2013

      • Costs savings due to cessation of direct sales efforts during 1Q

      • Made significant progress on key objectives for the year:
      » Expand gross margins on our largest revenue stream (O&O) – total gross margin up 4 points
      » Expand revenue of our highest gross margin business (Network) – Network ex TAC up 67% from prior year quarter

      • Reiterating prior guidance:
      » Revenue between $93 million and $95 million
      » Adjusted EBITDA of at least $5 million

      • Completed a $5 million convertible note financing in April 2013

    • That are a P/E of 7.5.

    • 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

      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.”

    • Five year taken have Local Corp. from go twenty three share per of dollar to cheeseburger of price hey? Born chart in Year of Rat?

    • Extreme question asks me. What have this do IACI, lol!

    • The Strategy of Local Corp
      We believe that we are in the early stages of a large and long-term business opportunity presented by the shift of local marketing budgets from traditional media formats to digital media formats. Our strategy for pursuing this opportunity includes the following key components:

      • Increase growth drivers: Key to driving our growth is: the expansion of both our reach (the number of MUVs we serve) and the monetization of that reach (how much ad revenue we generate from those users); and by increasing the number of SMB customers using our platform.

      • Diversify product offerings : In 2010 and 2011, we took steps to diversify our revenue sources, while maintaining our focus on local offerings through the acquisition of: Octane360, which serves as the technology platform for many of our SMB ad products, in the third quarter of 2010; Krillion, which provides near-real-time product and inventory information; and SMG in mid-2011. Our development and acquisition efforts also represent a point of differentiation from an increasingly crowded field in online advertising. We believe that a diversity of offerings will differentiate us from certain of our competitors that may offer only one or two of our services, but not the full suite of our product offerings which we believe appeals to our customers and partners alike.

    • Local Corp is THE pioneer in local technology

      • Proprietary platform and know-how
      »Real time business, product and services data integration
      »Large scale local/commercial content production and syndication
      »Very large scale CPC ad-serving and distribution
      »Web indexing and local search relevance
      »Very large scale SEO, SEM campaign expertise
      »Local display ad production and syndication
      »Web hosting and local/commercial domain name acquisition

      • 12 patents issued, 8 pending
      »Key patents
      –Local web indexing (for indexing local web sites across the web)
      –Pay per call for local and commercial searches via a mobile device (multiple patents)
      •The billion dollar industry question: How do we monetize mobile?
      –Dynamic cascading menu search (for product search on tablets and smart phones)
      –Bulk domain registration and content management (for very large scale SEO)

      • 1 Reply to flankenking
      • Local Corp has a tremendous first player advantage, as it has been strong influenced the local search since the early 2000's and additional to the technologie imporrtant first player advantages:

        - About 25 million Monthly Unique Visitors from the flagship-site alone

        01/2013: 26,410,927 Monthly Unique Visitors
        02/2013: 24,017,605 Monthly Unique Visitors
        Decrease of 9.06% (February has only 28 days against 31 in January) against January and an increase of 38.64% year-over-year

        - Flagship-side directory of over 18 million local businesses

        Our extensive flagship-side directory of over 18 million local businesses – which can be filtered by locale, optimized for social media sharing and private labeled for you – gives you the power to generate additional revenue by selling new ad formats and premium listings while securing immediate passive ad revenue. Your website will rank higher and drive relevant traffic with our proven SEO strategies, custom content and deep shared links.

    • Yelp has with 21,063,155 only 88% of the 24,017,605 Monthly Unique Visitors of Local Corp, but the 36-fold market-cap (Market-Cap of Local Corp = 41 million, Market-Cap of Yelp = 1,480 million).

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