Last $1.48 USD
Change Today +0.0299 / 2.06%
Volume 55.3K
As of 8:10 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

local corp (LOCM) Snapshot

Open
$1.49
Previous Close
$1.45
Day High
$1.50
Day Low
$1.45
52 Week High
06/30/14 - $2.23
52 Week Low
11/13/14 - $0.95
Market Cap
34.4M
Average Volume 10 Days
83.4K
EPS TTM
$-0.22
Shares Outstanding
23.2M
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 operates in two segments, Paid Search and Daily Deals. It 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 1,600 partner Websites and reaches approximately 7 million MUVs; 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. The company also provides pay-per-call network that connects online and on-the-go consumers searching for local businesses and services in specific categories with relevant advertisers providing those services through pay-per-call ads; and Krillion local shopping platform, which comprises approximately 120,000 retail store locations and 3 million localized products, as well as provides store information, including contact information, hours of operation, driving directions, and maps for the retailers who carry that product. In addition, it offers Havvit shopping app that enables consumers to find products near them, track savings, compare prices, and make a purchase. 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.

84 Employees
Last Reported Date: 11/12/14
Founded in 1999

local corp (LOCM) Top Compensated Officers

Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $358.6K
Consultant
Total Annual Compensation: $661.7K
Compensation as of Fiscal Year 2013.

local corp (LOCM) Key Developments

Local Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter and Year 2014

Local Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of $18,141,000 against $23,472,000 a year ago. Operating loss was $1,054,000 against $749,000 a year ago. Loss from continuing operations before income taxes was $1,308,000 against $1,699,000 a year ago. Net loss from continuing operations was $1,308,000 or $0.06 per basic and diluted share against $1,590,000 or $0.07 per basic and diluted share a year ago. Net loss was $1,308,000 or $0.06 per diluted share against $1,744,000 or $0.08 per diluted share a year ago. Adjusted EBITDA was $407,000 or $0.02 per diluted share against $1,320,000 or $0.06 per diluted share a year ago. For the nine months, the company reported revenue of $66,835,000 against $67,591,000 a year ago. Operating loss was $3,610,000 against $3,353,000 a year ago. Loss from continuing operations before income taxes was $5,369,000 against $4,923,000 a year ago. Net loss from continuing operations was $5,466,000 or $0.24 per basic and diluted share against $5,044,000 or $0.22 per basic and diluted share a year ago. Net loss was $5,466,000 or $0.24 per diluted share against $8,683,000 or $0.38 per diluted share a year ago. Net cash provided by operating activities was $6,694,000 against $326,000 a year ago. Capital expenditures were $2,903,000 against $2,379,000 a year ago. The company now expects 2014 revenue to be in the range of $87 million to $90 million, with the fourth quarter 2014 revenue range of $20 million to $23 million, increasing over the third quarter primarily driven by Network revenue growth. Adjusted EBITDA for 2014 is now expected to be in the range of $2 million to $2.4 million, or between $0.09 per diluted share and $0.10 per diluted share, assuming diluted weighted average shares of 23.5 million and taking into account the dilutive effect of stock options and warrants. Projected 2014 adjusted EBITDA factors: Interest expense of $2.1 million; depreciation expense of $4.0 million; amortization expense of $700,000. The company lowered gross margin outlook to be between 22% and 23% for the year 2014.

Local Corporation to Report Q3, 2014 Results on Nov 12, 2014

Local Corporation announced that they will report Q3, 2014 results at 5:00 PM, US Eastern Standard Time on Nov 12, 2014

Local Corporation, Q3 2014 Earnings Call, Nov 12, 2014

Local Corporation, Q3 2014 Earnings Call, Nov 12, 2014

 

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LOCM

Industry Average

Valuation LOCM Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.4x
Price/Book 2.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.2x
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