The good performance reflected in the Q2 earnings will surely give a boost to the stock. The revenue and EBITDA increased substantially, and the net loss declined significantly on a yoy basis. Even sequentially, there was reasonable growth in revenues, and the net loss declined sharply. Importantly, the guidance for the full year 2013 was also raised. For Q2'13, the net revenues were $55 million (up 69%) and the net loss declined from $2 million to $878,000. The adjusted EBITDA multiplied nearly 5 times from $1.6 million to $7.8 million. On a half yearly basis, the net revenue was $101.2 million (up 68%), and the net loss was $5.7 million or $(0.09) per share compared to $11.8 million or $(0.26) per share on a yoy basis. Importantly, adjusted EBITDA for the first six months of this year was approximately $11.0 million compared to $630K in the first half last year. Important metrics like cumulative reviews, average monthly unique visitors and active local business accounts also exhibited good growth. The focus on “driving innovation in mobile, integrating Qype, and closing the loop with local businesses." is likely to continue. The guidance for the third quarter is for a net revenue of $58-59 million and adjusted EBITDA of $7.5-$8.0 million. For the full year 2013, the net revenue is expected to be $222-$224 million and adjusted EBITDA is expected in the range of $27-$28 million. The guidance indicates that the growth story is likely to continue, and the margins may show improvement. However, it is not going to be that easy as the company is dependent on search engines like Google (GOOG) and Yahoo (YHOO) which themselves provide competition. There are issues like the patent infringement lawsuit filed by Blue Calypso (BCYP) against several companies including Yelp which is up for trial soon. However, Yelp is looking pepped up for better performance. The cash position remains pretty good, and the future looks brighter after the earnings.