Last $1.86 USD
Change Today -0.13 / -6.53%
Volume 253.9K
LOCM On Other Exchanges
Symbol
Exchange
NASDAQ CM
Frankfurt
As of 8:10 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

local corp (LOCM) Snapshot

Open
$1.79
Previous Close
$1.99
Day High
$1.95
Day Low
$1.75
52 Week High
09/5/13 - $2.30
52 Week Low
08/21/13 - $1.46
Market Cap
43.2M
Average Volume 10 Days
69.5K
EPS TTM
$-0.15
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.

88 Employees
Last Reported Date: 03/28/14
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 Presents at Siemer & Associates, LLC.'s Siemer Summit 2014, Jul-17-2014 11:30 AM

Local Corporation Presents at Siemer & Associates, LLC.'s Siemer Summit 2014, Jul-17-2014 11:30 AM. Venue: Casa Del Mar and Shutters on the Beach, Santa Monica, California, United States. Speakers: Frederick G. Thiel, Chairman and Chief Executive Officer.

Local Corporation Announces Board Changes

Local Corporation announced the appointment of David M. Hughes, and John M. Payne, to its board of directors. Hughes brings 15 years of strategic executive leadership experience with public and private companies. He is currently the CEO of The Search Agency. In this role, Hughes is responsible for hands on management of the company's managed services and software-as-a-service platform products. Payne is currently the CEO of SimpleAir Inc. He also serves as lead inventor for all of the patents in the SimpleAir portfolio, covering more than 12 patents in two product families. In conjunction with the appointment of Hughes and Payne, Heath Clarke has resigned from the board effective immediately, but will continue to provide consulting services to the company as previously agreed. Both Hughes and Payne will serve as Class III Directors. Hughes will also serve on the company's Audit Committee.

Local Corporation Not In Compliance With NASDAQ Listing Rules

On May 7, 2014, Local Corporation notified the NASDAQ Stock Market that, due to Mr. Thiel’s appointment as Chief Executive Officer and related resignation from the Company’s Audit Committee, the Company’s (i) Board of Directors currently does not consist of a majority of “independent directors” as defined in Rule 5605(a)(2) of the listing standards of the NASDAQ Stock Market, and that therefore the Company does not currently meet the requirements of Rule 5605(b)(1) of the listing standards of the NASDAQ Stock Market, and (ii) Audit Committee currently does not consist of at least three “independent directors”, and that therefore the Company does not currently meet the requirements of Rule 5605(c)(2)(A) of the listing standards of the NASDAQ Stock Market. On May 8, 2014, the Company received a response letter from the NASDAQ Stock Market acknowledging the fact that the Company does not currently meet the requirements of Rule 5605(b)(1) and Rule 5605(c)(2)(A) of the listing standards of the NASDAQ Stock Market. In accordance with Rule 5605(b)(1) and Rule 5605(c)(2)(A) of the listing standards of the NASDAQ Stock Market and as stated in the response letter the Company received from the NASDAQ Stock Market, the Company has a cure period of 180 days from the effective date of Mr. Thiel’s appointment as chief executive officer and related resignation from the Company’s Audit Committee, to again meet the requirements of Rule 5605(b)(1) and Rule 5605(c)(2)(A) of the listing standards of the NASDAQ Stock Market. Prior to the end of such cure period and in accordance with the Company’s Amended and Restated Certificate of Incorporation, as amended, the Company’s Board of Directors intends to appoint to the Company’s Board of Directors and the Company’s Audit Committee, a person who is an “independent director” as defined in Rule 5605(a)(2) of the listing standards of the NASDAQ Stock Market. Upon such appointment, the Company will again meet the requirements of Rule 5605(b)(1) and Rule 5605(c)(2)(A) of the listing standards of the NASDAQ Stock Market.

 

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LOCM

Industry Average

Valuation LOCM Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.5x
Price/Book 2.6x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.3x
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