Last $1.82 USD
Change Today -0.06 / -3.19%
Volume 11.4K
LOCM On Other Exchanges
Symbol
Exchange
NASDAQ CM
Frankfurt
As of 8:10 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

local corp (LOCM) Snapshot

Open
$1.88
Previous Close
$1.88
Day High
$1.91
Day Low
$1.82
52 Week High
06/30/14 - $2.23
52 Week Low
01/17/14 - $1.52
Market Cap
42.3M
Average Volume 10 Days
50.1K
EPS TTM
$-0.18
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, Krillion, Inc. and Screamin Media Group, Inc. Enters into Certain Ninth Amendment to Loan and Security Agreement with Square One Bank

On September 2, 2014, Local Corporation(company) and its wholly owned subsidiaries, Krillion, Inc. and Screamin Media Group, Inc. entered into certain Ninth Amendment to Loan and Security Agreement with Square One Bank, which amends the Loan and Security Agreement by and between the company, the Subsidiaries and Square One Bank dated August 3, 2011, as amended by the First Amendment dated March 28, 2012, the Second Amendment dated April 11, 2012, the Third Amendment dated August 17, 2012, the Fourth Amendment dated January 30, 2013, the Fifth Amendment dated February 13, 2013, the Sixth Amendment dated March 28, 2013, the Seventh Amendment dated April 10, 2013, and the Eighth Amendment dated March 27, 2014. The Amendment adds certain unbilled accounts, defined as Eligible Unbilled Accounts in the Amendment, to the definition of Advanced Billings, resulting in such unbilled accounts being eligible for inclusion in the calculation upon which lending availability under the Agreement is determined. Finally, the Amendment provides for a release of Square One Bank from all causes of action arising up to the effective date of the Amendment.

Local Corporation Presents at Aegis Capital 2014 Healthcare & Technology Conference, Sep-11-2014 01:30 PM

Local Corporation Presents at Aegis Capital 2014 Healthcare & Technology Conference, Sep-11-2014 01:30 PM. Venue: The Encore at Wynn Las Vegas, 3121 Las Vegas Blvd. South, Las Vegas, NV 89109, United States. Speakers: Kenneth S. Cragun, Chief Financial Officer, Principal Accounting Officer and Secretary.

Local Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Year 2014

Local Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of $22,514,000 against $22,656,000 a year ago. Operating loss was $879,000 against $381,000 a year ago. Loss from continuing operations before income taxes was $1,507,000 against $163,000 a year ago. Net loss from continuing operations was $1,330,000 or $0.06 per basic and diluted share against $322,000 or $0.01 per basic and diluted share a year ago. Net loss was $1,330,000 or $0.06 per basic share against $3,586,000 or $0.16 per basic share a year ago. Adjusted EBITDA was $1,005,000 or $0.04 per diluted share against $1,175,000 or $0.05 per diluted share a year ago. For the six months, the company reported revenue of $48,694,000 against $44,120,000 a year ago. Operating loss was $2,556,000 against $2,604,000 a year ago. Loss from continuing operations before income taxes was $4,061,000 against $3,224,000 a year ago. Net loss from continuing operations was $4,158,000 or $0.18 per basic and diluted share against $3,454,000 or $0.15 per basic and diluted share a year ago. Net loss was $4,158,000 or $0.18 per basic share against $6,939,000 or $0.31 per basic share a year ago. Net cash provided by operating activities was $3,682,000 against $1,115,000 a year ago. Capital expenditures were $2,073,000 against $1,397,000 a year ago. Revenue for 2014 is expected to be in the range of $103 million to $107 million, which at the mid-point is an increase of 11% over 2013 revenue. Adjusted EBITDA for 2014 is expected to be in the range of $3 million to $4 million, or between $0.13 and $0.17 per diluted share, assuming diluted weighted average shares of 23.5 million taking into account the dilutive effect of stock options and warrants. Projected 2014 Adjusted EBITDA Factors: interest expense of $1.7 million, income tax provision of $200,000, depreciation expense of $4.0 million, amortization expense of $900,000.

 

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LOCM

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Valuation LOCM Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.4x
Price/Book 2.6x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.2x
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