reachlocal inc (RLOC:NASDAQ GS)
reachlocal inc (RLOC) Key Developments
ReachLocal, Inc. announced it has entered its seventh European country with an office in Vienna, Austria, marking the fourteenth country in which ReachLocal operates around the world. The company chose to expand into Austria because of the SMB market opportunity and consumer adoption of web and mobile search to find and buy local products and services. Austrian consumers have an Internet penetration rate of over 70%, spurring SMBs' use of online marketing solutions to reach them as evidenced by over $560 million spent on online advertising in 2011.
ReachLocal, Inc. Presents at 8th Annual Needham & Co. Internet & Digital Media Conference, Jun-04-2013 10:30 AM. Venue: The Westin Grand Central Hotel, 212 E. 42nd Street, New York, New York, United States.
ReachLocal, Inc. Presents at Raymond James Internet/Software Crossover Investor Conference, May-30-2013 10:10 AM. Venue: The Ritz-Carlton, Half Moon Bay, California, United States.
ReachLocal, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenue of $121,820,000 against $104,003,000 a year ago. Income from operations was $167,000 against loss from operation of $1,070,000 a year ago. Net loss was $635,000 or $0.02 per basic and diluted share against $1,006,000 or $0.03 per basic and diluted share a year ago. Income before provision for income taxes was $394,000 against loss before provision for income taxes of $867,000 a year ago. Net cash provided by operating activities was $4,698,000 against $13,218,000 a year ago. Additions to property, equipment and software were $5,153,000 against $4,490,000 a year ago. Adjusted EBITDA was $6,918,000 against $4,022,000 a year ago. Non-GAAP net income was $2,859,000 or $0.10 per diluted share against $1,959,000 or $0.07 per diluted share a year ago. Cash flow from continuing operations was $4,704,000 against $13,354,000 a year ago. For the second quarter of 2013, the company expects revenues in the range of $124 million to $126 million and adjusted EBITDA in the range of $5 million to $6 million, ending Upperclassmen headcount of 440 to 460, ending Underclassmen headcount of 420 to 440, ending total IMC headcount of 860 to 900. For the year 2013, the company expects revenues in the range of $530 million to $540 million and adjusted EBITDA in the range of $29.5 million to $31.5 million, ending Upperclassmen headcount of 470 to 510, ending Underclassmen headcount of 300 to 340, ending total IMC headcount of 770 to 850.
ReachLocal, Inc. Presents at JMP 12th Annual Research Conference, May-13-2013 08:30 AM. Venue: The Ritz-Carlton, San Francisco, 600 Stockton Street, San Francisco, CA 94108, United States.

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Industry Analysis
RLOC
Industry Average
| Valuation | RLOC | Industry Range |
| Price/Earnings | 100.0x |
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| Price/Sales | 0.8x |
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| Price/Book | 4.8x |
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| Price/Cash Flow | 2,813.2x |
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| TEV/Sales | 0.6x |
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