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Last $0.37 USD
Change Today -0.0084 / -2.19%
Volume 67.2K
LOCM On Other Exchanges
Symbol
Exchange
NASDAQ CM
Frankfurt
As of 4:30 PM 06/2/15 All times are local (Market data is delayed by at least 15 minutes).

local corp (LOCM) Key Developments

Local Corporation Announces Unaudited Consolidated Financial and Operating Results for the First Quarter Ended March 31, 2015

Local Corporation announced unaudited consolidated financial and operating results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of $13,087,000 against $26,180,000 a year ago. Operating loss was $3,532,000 against $1,677,000 a year ago. Loss before income taxes was $4,580,000 against $2,554,000 a year ago. Net loss was 4,580,000 or $0.20 per basic and diluted share against $2,828,000 or $0.12 per basic and diluted share a year ago. Net cash used in operating activities was $1,800,000 against $727,000 a year ago. Capital expenditures was $478,000 against $940,000 a year ago. Adjusted LBITDA was $2,218,000 or $0.10 per diluted share against adjusted EBITDA of $712,000 or $0.03 per diluted share a year ago. The decrease in revenue during the first quarter of the year resulted in a decreased ability to borrow on line of credit. For the quarter, the company reported overall traffic of 59 million MUV against 72 million MUV a year ago. Organic traffic was 20 million MUV against 17 million MUV a year ago. Mobile traffic was 23 million MUV against 23 million MUV a year ago.

Local Corp. To Explore Strategic Alternatives

Local Corporation (NASDAQ:LOCM) has engaged Siemer & Associates as its financial advisor to explore strategic alternatives to enhance shareholder value.

Local Corporation to Report Q1, 2015 Results on May 15, 2015

Local Corporation announced that they will report Q1, 2015 results at 8:00 AM, Pacific Standard Time on May 15, 2015

Local Corporation, Q1 2015 Earnings Call, May 15, 2015

Local Corporation, Q1 2015 Earnings Call, May 15, 2015

Local Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Reiterates Earnings Guidance for 2015

Local Corporation reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported revenue of $16,285,000 against $26,805,000 a year ago. Operating loss was $1,207,000 against $1,920,000 a year ago. Loss from continuing operations before income taxes was $713,000 against $1,571,000 a year ago. Net loss from continuing operations was $745,000 or $0.03 per basic and diluted share against $1,589,000 or $0.07 per basic and diluted share a year ago. Net loss was $35,000 against $1,679,000 or $0.07 per diluted share a year ago. Adjusted EBITDA was $238,000 or $0.01 per diluted share against $1,353,000 or $0.06 per diluted share a year ago. For the full year, the company reported revenue of $83,120,000 against $94,396,000 a year ago. Operating loss was $4,817,000 against $5,273,000 a year ago. Loss from continuing operations before income taxes was $6,082,000 against $6,494,000 a year ago. Net loss from continuing operations was $6,211,000 or $0.27 per basic and diluted share against $6,633,000 or $0.29 per basic and diluted share a year ago. Net loss was $5,501,000 or $0.24 per diluted share against $10,362,000 or $0.45 per diluted share a year ago. Net cash provided by operating activities was $4,715,000 against $1,203,000 a year ago. Capital expenditures were $3,462,000 against $3,580,000 a year ago. Adjusted EBITDA was $2,363,000 or $0.10 per diluted share against $4,533,000 or $0.20 per diluted share a year ago. Financial guidance for 2015 remains consistent with that provided on Jan. 12, 2015. Revenue is expected to be in the range of $82 million to $86 million. Adjusted EBITDA is expected to be in the range of $3 million to $4 million, or between $0.13 per diluted share and $0.17 per diluted share, assuming diluted weighted average shares of 24 million. The company expects interest expense of $1.1 million, income tax provision of $100,000, depreciation expense of $4.5 million and amortization expense of $150,000 for 2015. Outlook for 2015 is for the gross margin percentage to be in the low-20s.

 

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