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Last $0.56 USD
Change Today -0.0301 / -5.10%
Volume 22.5K
LOCM On Other Exchanges
Symbol
Exchange
NASDAQ CM
Frankfurt
As of 8:10 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

local corp (LOCM) Snapshot

Open
$0.60
Previous Close
$0.59
Day High
$0.60
Day Low
$0.52
52 Week High
06/30/14 - $2.23
52 Week Low
03/24/15 - $0.33
Market Cap
13.1M
Average Volume 10 Days
116.4K
EPS TTM
$-0.29
Shares Outstanding
23.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for LOCAL CORP (LOCM)

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local corp (LOCM) Details

Local Corporation, a technology and advertising company, provides search results to consumers who search online for local businesses, products, and services in the United States. The company offers various local search advertising products and services comprising Local.com, a Website and app, which reaches approximately 20 million monthly unique visitors (MUVs); hosted network, a database of local business and product listings along with ad feeds, which consists of approximately 1,000 partner Websites and reaches approximately 5 million MUVs; syndication network, an ad feed solution; and display and pre-roll video networks that provide advertisers with additional reach and exposure for brands through distribution of customized display and pre-roll ads. It also provides pay-per-click, pay-per-call, and display ad units through its search results; and photographs, user ratings and reviews, video, coupons, hours of operations, and others to users of its Websites and network partner Websites, as well as third party partners. The company was formerly known as Local.com Corporation and changed its name to Local Corporation in September 2012. Local Corporation was founded in 1999 and is headquartered in Irvine, California.

70 Employees
Last Reported Date: 03/27/15
Founded in 1999

local corp (LOCM) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $296.6K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $304.1K
Chief Legal Officer
Total Annual Compensation: $283.8K
Compensation as of Fiscal Year 2014.

local corp (LOCM) Key Developments

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.

Local Corporation Receives Non-Compliance Notice From NASDAQ

On February 25, 2015, Local Corporation received a deficiency letter from The NASDAQ Stock Market LLC (NASDAQ) indicating that, based on the Company’s closing bid price for the last 30 consecutive business days, the Company does not comply with the minimum bid price requirement of $1.00 per share, as set forth in NASDAQ Listing Rule 5550(a)(2). The notification has no immediate effect on the listing of the Company’s common stock on The NASDAQ Capital Market. In accordance with NASDAQ Listing Rule 5810(c)(3)(A), the Company has a grace period of 180 calendar days, or until August 24, 2015, to regain compliance with the minimum closing bid price requirement for continued listing. In order to regain compliance, the minimum closing bid price per share of the Company’s common stock must be at least $1.00 for a minimum of ten consecutive business days. In the event the Company does not regain compliance by August 24, 2015, the Company may be afforded an additional 180-day compliance period, provided it demonstrates that it meets all other applicable standards for initial listing on The NASDAQ Capital Market (except the bid price requirement), and provides written notice of its intention to cure the minimum bid price deficiency during the second grace period, by effecting a reverse stock split, if necessary. If the Company fails to regain compliance after the second grace period, the Company’s stock will be subject to delisting by NASDAQ. The Company is considering actions that it may take in response to this notification in order to regain compliance with the continued listing requirements.

Local Corporation Presents at 27th Annual ROTH Conference, Mar-10-2015 08:00 AM

Local Corporation Presents at 27th Annual ROTH Conference, Mar-10-2015 08:00 AM. Venue: The Ritz Carlton, 1 Ritz Carlton Dr, Dana Point, CA 92629, United States.

 

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Industry Analysis

LOCM

Industry Average

Valuation LOCM Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.2x
Price/Book 0.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.0x
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