Yelp, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net revenue of $46,133,000 compared to $27,385,000 a year ago. Loss from operations was $4,554,000 compared to $9,741,000 a year ago. Loss before provision for income taxes was $4,755,000 compared to $9,771,000 a year ago. Net loss attributable to common stockholders was $4,799,000 or $0.08 basic and diluted per share compared to $9,833,000 or $0.31 basic and diluted per share a year ago. Net cash provided by operating activities was $250,000 compared to net cash used in operating activities of $2,773,000 a year ago. Purchases of property, equipment and software were $947,000 compared to $367,000 a year ago. LBITDA was $2,076,000 compared to $8,380,000 a year ago. Adjusted EBITDA was $3,204,000 compared to adjusted LBITDA of $951,000 a year ago. For the second quarter of 2013, the company's net revenue is expected to be in the range of $52.5 million to $53.5 million representing growth of approximately 62% compared to the second quarter of 2012. Adjusted EBITDA is expected to be in the range of $4.5 million to $5.0 million. For the full year of 2013, the company's net revenue is expected to be in the range of $216 million to $218 million, representing growth of approximately 58% compared to the full year of 2012. Adjusted EBITDA is expected to be in the range of $21 million to $23 million.

Blue Calypso, Inc. announced that it has received a date of November 7, 2013 for the claim construction or Markman hearing in its patent infringement cases against five defendants, including Groupon, IZEA, Foursquare, MyLikes and Yelp. All of these cases are pending in the United States District Court for the Eastern District of Texas. Blue Calypso has retained global leaders in patent protection and litigation for its claims. Fish & Richardson P.C. represents the Company in its claims against Groupon, Foursquare, Yelp, IZEA and MyLikes. Farney Daniels P.C. represents the Company in its claim against LivingSocial.

Yelp, Inc. Presents at Jefferies 2013 Global Technology, Media and Telecom Conference, May-08-2013 11:30 AM. Venue: The Westin New York, Times Square Hotel, New York, New York, United States. Speakers: Robert J. Krolik, Chief Financial Officer and Principal Accounting Officer.