Eine neue Google - Local.com
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IRVINE, Calif.--(BUSINESS WIRE)--
Local.com Corporation (NASDAQ:LOCM), a leading local search engine, today announced that the company received a Hitwise U.S. Top 10 Award. The company's leading local search site, www.local.com, ranked fifth - up from seventh place in December 2007 - in the Business and Finance, Business Directories online industry category based on the market share of U.S. visits received from January through March 2008.
The Hitwise U.S. Top 10 Awards Program celebrates the most successful U.S. websites in over 160 online industries. Hitwise reports on the anonymous online usage and search behavior of more than 10 million U.S. Internet users--the largest online sample of its kind--and this unique awards program recognizes excellence in online performance through public popularity.
"Our move from seventh to fifth place in the Hitwise Top 10 represents an increase in traffic to our site and search network, growing awareness of our brand and our advancing market share in the local search and directory sector," said Jennifer Black, Local.com vice president, marketing.
About Local.com
Local.com (NASDAQ:LOCM) is a top U.S. website and local search network attracting approximately 16 million visitors each month seeking information on local businesses, products and services. Powered by the company's proprietary Keyword DNA(R) and patented local web indexing technologies, Local.com provides users with relevant local search results, which include special offers, user ratings and reviews, local businesses' website links, maps, driving directions and more. Businesses can advertise on Local.com via a selection of subscription, pay-per-click, banner and pay-per-call ad products. Local Mobile(TM) provides local search results to mobile phones and wireless devices. The company serves the UK market at http://uk.local.com. Local.com claims U.S. patent numbers 7,231,405 and 7,200,413. For more information visit: www.local.com.
About Hitwise
Hitwise is the leading online competitive intelligence service. Only Hitwise provides its 1,400 clients around the world with daily insights on how their customers interact with a broad range of competitive websites, and how their competitors use different tactics to attract online customers.
Since 1997, Hitwise has pioneered a unique, network-based approach to Internet measurement. Through relationships with ISPs around the world, Hitwise's patented methodology anonymously captures the online usage, search and conversion behavior of 25 million Internet users. This unprecedented volume of Internet usage data is seamlessly integrated into an easy to use, web-based service, designed to help marketers better plan, implement and report on a range of online marketing programs.
Hitwise, a subsidiary of Experian (FTS:EXPN) www.experiangroup.com operates in the United States, United Kingdom, Australia, New Zealand, Hong Kong and Singapore. More information about Hitwise is
Mal sehen, wann die Perle entdeckt wird.
Scheinbar ist Local wieder auf dem Weg Richtung 3 USD.
In US sieht man in den letzten Tagen ein steigendes Volumen.
Meiner Meinung nach ist LOCM ungefähr so zu betrachten wie "Meine Stadt", jedoch mit viel höherem Potential.
Allein der Domain Name ist Gold wert, weil er überall in der Welt einsetzbar ist.
Ich habe das Ding mit kleinem Geld im Depot und hoffe, daß ich in ca. 3-5 Jahren Kasse machen kann.
RVINE, Calif.--(BUSINESS WIRE)-- Local.com Corporation (NASDAQ: LOCM), a leading local search site and network, today announced the acquisition of approximately 14,000 local business advertisers, bringing the company's total number of small business customers to approximately 30,000.
This acquisition moves the company closer to its stated goal of 50,000 small business customers by the end of 2009, and also increases monetization of the Local.com site and network. The acquired customers will pay approximately $33 per month for a Local Promote(TM) listing on Local.com and select sites.
Local Promote is the company's entry level advertising product designed for local businesses that want to participate in local online advertising. Local Promote provides local businesses with premium placement at the top of targeted search results in specific categories and geographic regions. Customers can build their own branded web pages, including company logos, photos, taglines, and special offer links, in addition to the standard profile page contact information.
"This acquisition is expected to seamlessly integrate across our search and syndication platform, thereby yielding a notable margin contribution for the company," said Heath Clarke, Local.com chairman and CEO. "We continue to look at creative ways to grow our customer base in order to further leverage the Local.com ecosystem."
The company will acquire approximately 14,000 local business customers from LiveDeal, Inc. for up to $3.1 million in cash. Excluding one-time acquisition related charges, the transaction is expected to be immediately accretive. The company expects to complete the transfer of the advertiser listings during March.
(RTTNews) - Local.com Corp. (LOCM) announced that based on unaudited preliminary results for the second quarter, the company expects revenue to be between $13.4 million and $13.7 million, exceeding the high end of its prior guidance of $13.2 million.
The company also said it expects Adjusted Net Income to be between $700 thousand and $1 million, or between $0.05 and $0.07 per share, which also exceeds the high end of prior guidance of $400 thousand, or $0.03 per share.
Analysts polled by Thomson Reuters expect the company to report loss of $0.05 per share, on revenues of $13.01 million. Analysts' estimates typically exclude special items.
Seit 2008 hat man 61 % an unique User gewonnen.
Da würde eine deutsche Suchmaschine förmlich explodieren.
Wieviel Einwohner hat die USA ? Das sind ja gerade mal 300.000.
D.h. mehr als 20 % der Einwohner der USA kennen die Suchmaschine bereits.
Also für mich ist und bleibt Local.com ein fester Bestandteil meines spekulativen Depots.
Local.com Ranked 10th Largest Search Engine in U.S.
IRVINE, Calif.--(BUSINESS WIRE)-- Local.com Corporation (NASDAQ: LOCM), a leading local search site and network, today announced that their flagship search site, www.local.com, has been ranked as the 10th largest search engine in the U.S. by the Nielsen Company.
The Nielsen Company reported their MegaView Search data for the top U.S. search providers for August 2009. Nielsen MegaView search data includes total searches, unique searchers, and search share, among other search figures.
The report ranked Local.com as the 10th largest search engine in the U.S. and the company's month-over-month growth was 2.9 percent.
"Achieving this ranking by one of the world's leading marketing and media information companies validates Local.com's leadership position in this sector," said Bruce Crair, Local.com president and COO. "Local.com serves over 20 million consumers each month with a valuable search experience that offers a quick, easy and efficient way to find and connect with local businesses, products and services."
Local.com reached record traffic of 63 million monthly unique visitors (MUVs) on the Local.com site and network during the second quarter of 2009, up 5% from 60 million MUVs during the first quarter of 2009, and up 31% from 48 million MUVs during the second quarter of 2008. Organic traffic also reached an all-time high, exceeding 29 million monthly unique visitors on the Local.com site and network during the second quarter of 2009, up 61% from 18 million during the second quarter of 2008.
The Nielsen Company is a global information and media company with leading market positions. The privately held company is active in more than 100 countries, with headquarters in New York, USA. For more information, please visit www.nielsen.com.
seht Ihr die Entwicklung hier.
Local.com für spekulative Anleger. Wer es gern spekulativer hat und bei ergebnisverursachten Kurssprüngen dabei sein möchte: Die US-Suchmaschine Local.com (ISIN US53954R1059) veröffentlicht am kommenden Dienstag nach US-Börsenschluss ihr Q3-Ergebnis. Das dürfte ziemlich gut sein, denn für die vergangenen Monate hat Local.com bereits Rekord-„Traffic“ vermeldet. Allerdings: Um die Analystenerwartungen zu übertreffen, muss es schon sehr gut sein: Die liegen im Schnitt bei mehr als 40 Prozent Gewinnplus. Local.com steht etwas im Schatten der Branchengiganten Google und Yahoo, was aber nicht irritieren sollte. Die Amerikaner haben sich nämlich in einer profitablen und sehr schnell wachsenden Nische breitgemacht, in der sie mit den Giganten durchaus auf Augenhöhe kämpfen: bei der lokalen Suche. Wer in seiner engeren Umgebung schnell einen Arzt oder eine Reparaturwerkstatt sucht, für den ist in Amerika Local.com erste Wahl. Analysten trauen der Aktie, deren Kurs sich heuer schon annähernd vervierfacht hat, mittelfristig 20 bis 30 Prozent Kursplus zu. Aber wie gesagt: Im Vorfeld der Ergebnisveröffentlichung ist die Sache hoch spekulativ. Man sollte also fürs Erste nicht zu tief in die Investitionskasse greifen.
josef.urschitz@diepresse.com
("Die Presse", Print-Ausgabe, 25.10.2009)
Ich verkaufe aber nicht, bevor die nicht zweistellig wird.
Im Gegensatz zu den meisten ehemaligen Highflyern scheint Local wirklich bald gute Gewinne abzuwerfen.
Dazu kommt für mich eine große Übernahmephantasie.
So intensiv, wie Google versucht, das Internet Business zu beherrschen, scheint es nur noch eine Frage der Zeit zu sein, bis Local bei denen auf der Liste auftaucht.
Mit etwas Glück kommt dann auch noch Microsoft ins Gespräch.
Ich kenne aktuell keine Aktie, die mehr Möglichkeiten bietet.
Risiken gibt es natürlich auch. Solange sie noch recht klein sind, können die auch schnell von Google & Co. überholt werden. Aber ich denke, daß der Domain Name allein schon einen gewissen Reiz hat, der eher dazu verleitet, den Laden zu übernehmen.
Fourth-quarter net loss narrowed to $0.45 million or $0.03 per share from $2.16 million or $0.15 per share in the year-ago period. This year's results include a non-cash charge associated with the revaluation of warrants of $0.6 million or $0.04 per share.
Adjusted net income for the quarter was $2.0 million or $0.13 per share. Analysts polled by Thomson Reuters expected fourth-quarter earnings of $0.10 per share. Analysts' estimates typically exclude one-time items.
Local.com's revenue increased to $16.36 million from $9.57 million in the prior-year period.
Segment-wise, revenue from owned and operated business unit was 58% of total revenue and decreased 79% from last year, revenue from network business was 31% of total revenue and increased 16% from prior year quarter's revenue and revenue from sales and advertiser services was 11% of total revenue and grew 5% from last year.
For the full-year, net loss narrowed to $6.3 million or $0.44 per share from a net loss of $8.6 million or $0.60 per share last year. This year's results include a non-cash charge related to the revaluation of warrants of $3.0 million or $0.21 per share.
Adjusted net income was $3.0 million or $0.21 per share, compared to a net loss of $4.7 million or $0.33 per share in the prior year. Analysts expected the company to post full year EPS of $0.15. The company's full year revenue increased 47% to $56.28 million from $38.25 million.
Looking ahead to the first quarter of fiscal 2010, Local.com expects adjusted net income in the range of $2.0 million to $2.2 million or $0.13 to $0.14 per share. It expects revenue between $17.2 million and $17.5 million. Analysts expect the company to report EPS of $0.11 on revenue of $16.39 million for the first quarter.
The company expects full-year 2010 revenue of approximately $75 million, representing a 33% year-over-year growth. Analysts expect revenue of $71.29 million for next year.
LOCM closed Monday's regular trading session at $6.13, up $0.32 or 5.51%, on a volume of 274,322 shares on the Nasdaq. In after-market trading, LOCM shares further rose $0.17 or 2.77%.
http://seekingalpha.com/article/...eats-estimates-again?source=nasdaq
F Hinweis: solche Berichte sind lediglich Hinweise auf ein mögliches Szenario. Ob das wirklich so kommt, ist nicht garantiert. Bitte immer eine eigene Meinung dazu machen !!!
Bin mal gespannt, ob wir dieses Jahr noch die 10 sehen... .
Spannend ist, daß der Kurs stetig nach oben steigt - d.h. eine Übernahmefantasie (Google etc.) scheint da nicht im Preis enthalten zu sein. Wenn da erstmal wieder Gerüchte kommen....
Bei einer Aufwertung des USD gegenüber EUR auf 1:1 liegt hier zusätzliches Potential.
Ob wir (wie vom Aktionär am 7.5. beschrieben) die 12 EUR bald sehen werden, weiß ich nicht.
Bei mir liegt das Teil auf jeden Fall schon mit gutem Plus im Depot.
Bei 12 wäre ich auch nicht ganz unglücklich... .
Fundamental gab es keine negativen Veränderungen.
Bin am Überlegen, ob man jetzt nochmal nachlegen sollte...
http://thestreetsweeper.org/undersurveillance.html?i=962
Has Local.com Moved into a Bad Neighborhood?
by Melissa Davis - 8/4/2010 8:52:34 AM
Local.com. (Nasdaq: LOCM) investors might want to take a closer look at corporate insiders and the recent deals they’ve inked in order to boost the company’s growth.
CEO Heath Clarke has issued bullish projections, lifted by aggressive acquisitions of website customers, and then dumped almost half of his stock in the company. CFO Brenda Agius has been placed in charge of finances even though her past experience at that post, racked up at former Internet highflier FindWhat.com, ended in disaster for investors. Moreover, one of the company’s directors has worked as an investment banker at several firms – including two with connections to a shady penny-stock outfit known as SpongeTech (SPNG.PK) – that have left stains on his record as well.
Meanwhile, in an effort to expand beyond its core Internet search-engine business, Local has been acquiring customers from companies with some black marks of their own. Local purchased most of those subscribers from LaRoss Partners, a firm that appears to be led by a past target of securities regulators with links to two Internet businesses accused of billing customers for website hosting services they never ordered. It has acquired the rest of its subscribers from LiveDeal (Nasdaq: LIVE), a company with an “F” rating by the Better Business Bureau due to massive customer complaints.
Local launched its new acquisition-fueled growth strategy in February of 2009, the same month that Agius – who previously embraced a similar, but ultimately ill-fated, business plan at FindWhat – took over as CFO. Local has purchased up to 85,000 subscribers since that time but, due to contract cancellations, now has only 70,000 of those customers left. Based on subscription figures supplied by management, Local cannot afford to keep on losing those customers, (unless it buys more to replace them), since they account for a sizable chunk of the company’s recent jump in revenue guidance.
Local insiders have been selling stock in the meantime, with the company’s CEO executing the biggest transactions by far. This May, Clarke sold more than 450,000 shares of Local – pocketing roughly $4 million in proceeds – shortly after issuing impressive revenue guidance that sent the rising stock to a multiyear high of almost $9 a share. Clarke has followed up with two smaller stock sales at lower prices, cutting his original stake in the company by a total of 44%, since banking those millions.
In his latest transaction, carried out on July 2, Clarke cashed out stock options priced at $3.84 a share – recording a meager pre-tax profit of less than $50,000 – when he could have held onto those options, while waiting for much bigger gains, for another six years. The stock, hammered last week by investors hoping for another blowout quarter, has remained under pressure since that time. Down another 2.6% on Tuesday, the stock currently fetches $6.12 a share.
Meanwhile, short sellers smelled potential trouble at Local more than a month ago. During the second half of June, they nearly doubled the number of Local shares sold short in anticipation of a fall. They have now shorted 11% of the entire float, up from about 2% this time last year, sending a strong signal that they expect even more problems to come.
Local failed to answer questions for this story.
CFO with Baggage
FindWhat sure paid a high price after appointing Agius as its CFO. Until 2004, the Gulf Coast Business Review reported, FindWhat relied primarily on organic growth to fuel the company’s success. With Agius taking over as CFO that same year, however, FindWhat launched a buying spree that quickly doubled the company’s revenues but ultimately backfired in the end.
In the spring of 2005, less than a year after Agius became the CFO, FindWhat’s auditors abruptly resigned after identifying multiple weaknesses – involving, among other things, purchase accounting and revenue recognition -- in the company’s financial reporting process. Agius stepped down as CFO the following month, the Gulf Coast newspaper noted, after recognizing the full “threshold of responsibility” involved with overseeing finances for a publicly traded company.
FindWhat changed its name to Miva right after that – and has since reinvented itself yet again as Vertro (Nasdaq: VTRO) – but the company never really recovered from that disaster. The company’s stock, which fell 75% to $5 during Agius’s brief stint as CFO, has continued to lose ground and now trades for just 50 cents a share.
Nevertheless, Local has portrayed Agius as an accomplished CFO with strong public reporting experience in its own regulatory filings. When officially introducing Agius as its new CFO last year, Local even noted that Agius had proven “instrumental in aggressively advancing the FindWhat.com/Miva organization” with help from acquisitions like those that the company now planned to pursue itself.
For her part, Agius promised to play a major role in Local’s new growth strategy.
“It is an exciting time for the company,” she stated back in February of 2009. “The company is well positioned to take advantage of strategic accretive target opportunities, while it promotes organic traffic growth to the company’s core site.
“I believe that 2009 will be Local.com’s inflection year,” she added. “And I am looking forward to leveraging my experience and knowledge to help strengthen Local.com’s financial and market position.”
Closet Full of Skeletons
Local has leaned heavily on deals with LaRoss Partners, a mysterious New York-based operation, to fuel its recent growth.
According to regulatory filings, Tom Rossi serves as the managing director of that firm. Based information contained in brokerage records, as well as that found in an extensive personal background report obtained by TheStreetSweeper, Rossi and his current partner – Jon Lee -- originally worked together about 15 years ago at GKN Securities. They departed from GKN in April of 1996, brokerage records show, the same month the firm ended a stock mark-up scheme that later triggered a crackdown by the National Association of Securities Dealers.
By the following year, Rossi and Lee had joined forces once again at a different firm called Cambridge Capital. There, they both landed in trouble. In October of 2002, brokerage records show, the NASD fined Rossi $105,000 for allegedly executing unauthorized trades in client accounts and barred him from the industry. It followed up by banning Lee from the industry as well a few months later.
By then, information uncovered by TheStreetSweeper indicates, Rossi had already branched out into the Internet business. A firm located at 1 Expressway Plaza, Suite 114, in Roslyn Heights, N.Y. – the exact address currently listed for LaRoss Partners – registered the domain name for an outfit known as BestWebUSA.com in March of 1999. Since then, BestWebUSA.com has come under fire for allegedly operating a “slick website hosting scam” that charges unsuspecting “customers” for unwanted services.
Meanwhile, Rossi himself has gone on to register another Internet business – hostawebsite.biz – that has triggered even more outrage. According to Internet complaints, hostawebsite.biz signs customers up by posing as a legitimate Yellow Pages provider and then splicing together recorded responses that suggest those customers have ordered websites they never actually wanted.
“These charges are not the result of a misunderstanding but a scam done with calculation and forethought,” one alleged victim wrote on the Internet. “What this company is doing is insidiously fraudulent.”
LaRoss did not respond to messages seeking input for this story.
To date, Local has relied on LaRoss Partners for the bulk of its Internet subscription business. Based on company reports, Local has paid LaRoss Partners $7.5 million for up to 70,000 customers – a number roughly equal to its entire subscription base right now – over the course of the past 18 months. Last month, Local further cemented its relationship with LaRoss Partners by hiring the firm to recruit new customers and then bill them for the services.
Failing Grades for Service
Local also inked a deal with LiveDeal in an effort to jumpstart its paid subscription business.
In March of 2009, just two weeks after hiring Agius as its new CFO, Local announced that it had paid $3 million to LiveDeal for 14,000 of the company’s subscribers. At the time, Local celebrated that business as a valuable addition that promised to boost the company’s financial results.
When LiveDeal discussed the deal with its own investors during a conference call a couple of months later, however, the company portrayed that business as a shrinking one that had been weighing heavily on its operations. By then, the Better Business Bureau had been fielding complaints about LiveDeal’s marketing practices for years. Angry customers were also starting to post horror stories on the Internet about the company.
“LiveDeal gets one star only because they don’t allow zero-star ratings,” one customer wrote last year. “In short, these are scam artists who make their money by taking advantage of small businesses who don’t know enough about online advertising to see them for who they are.
“They will take thousands of dollars of your money and promise you the world,” the customer continued. “But in the end, you’ll get a bunch of junk hits from the advertisements they place on your behalf. (And) none of them will generate any business.”
Shortly after selling its Internet advertising business to Local, LiveDeal began shedding top executives as well. The company terminated CEO Michael Edelhart, “effective immediately,” after he spent less than a year on the job. Chairman Rajesh Navar announced his resignation from the board six months later, with CFO Rajeev Seshadri following him out the door – along with Edelhart’s replacement CEO – earlier this year.
LiveDeal’s stock, once a $50 highflier, has fallen into penny-stock territory since that time. After losing more than half its value over the course of the past year, the stock currently trades for just 45 cents a share.
Links to Penny Stocks
Local can be linked to other penny stocks as well.
In 2005, Local COO Michael Sawtell left the company to launch a new Internet-based business known as DigitalPost Interactive (OTC: DGLP.OB). He tapped Local’s CEO and one of the company’s directors, Norman Farra, to serve on his firm’s advisory board.
Last year, DigitalPost relied on a $340,000 contract with a “leading Internet search company” – which sounds a lot like Local itself – for roughly one-quarter of its meager revenue. DigitalPost, still tiny after five years in business, currently trades for 5 cents a share.
DigitalPost did not return a phone call seeking comments for this story.
Despite its limited resources, regulatory filings indicate, DigitalPost found enough cash to pay Farra $5,000 a month to serve as a financial advisor to the company. After inking that deal, Farra went on to become the director of investment banking services at a firm connected to a notorious penny-stock outfit known as Spongetech.
That firm, Cresta Capital Strategies, became the exclusive investment banker for Spongetech with Farra at the helm. In mid-2009, shortly after hiring Cresta, Spongetech soared to an all-time high of 28 cents a share. Farra left Cresta to assume a similar post at R.F. Lafferty, a previous investment banker for Spongetech, later on that year.
By then, Spongetech had sued Cresta for alleged “breach of contract, conversion, unjust enrichment, breach of fiduciary duty and unlawful appropriation of funds” over a dispute that surfaced when Farra oversaw investment banking for the firm. Spongetech faced serious problems of its own, however, with the U.S. Securities and Exchange Commission halting its stock over suspicious company announcements. Federal prosecutors have since filed criminal charges against Spongetech and its leaders for allegedly operating one of the boldest pump-and-dump schemes in recent history.
This spring, while government officials built their case against Spongetech, the Financial Industry Regulatory Authority cracked down on one of Farra’s previous employers. Farra spent six years working as the managing director of investment banking at GunnAllen Financial before going on to assume similar posts at the smaller firms of Cresta and R.F. Lafferty. He left GunnAllen in the fall of 2007 – along with a rouge broker accused of directing clients to a massive Ponzi scheme – and surfaced as the exclusive financial adviser for DigitalPost shortly afterwards.
GunnAllen never bounced back from that scandal. The firm ultimately ceased operations this March, Investment News reported, when FINRA shut the company down because of its poor financial condition.
GunnAllen served as an underwriter for Local’s initial public offering back in 2004, with Farra directing the firm’s investment banking activities, before running into trouble a few years later. It sold its entire 5.4% stake in Local, which debuted at $8 a share, within a few months of that IPO.
TheStreetSweeper could not locate Farra to ask him questions for this story.
Selling at the Top
Local insiders, including both Clarke and Farra, sold company stock at similar prices – very near the 52-week high – earlier this year.
Local peaked this year at $8.85 a share on April 29. Clarke executed his big stock sale, with the shares trading at $8.40, less than one week later. Farra sold stock on three separate occasions during the same rally.
Local sparked that springtime surge by issuing bullish revenue guidance of $81 million to $84 million – up almost 50% from the previous year -- for 2010. Just a few months earlier, investors recall, Wall Street analysts had set revenue targets about $25 million below that bar.
Based on figures supplied in regulatory filings, however, Local may be banking on its latest deals with LaRoss Partners – a firm tainted by serious customer service issues -- for most, if not all, of that extra revenue. With those newly acquired subscribers paying $35 to $50 a month for Local’s services, they should generate $18 million to $26 million in incremental revenue for the company over the course of this year.
Many of those customers have clearly rushed to cancel their contracts, however. At this point, company reports indicate, Local has already lost almost 20% of the subscribers it has acquired since early last year. Meanwhile, other unhappy customers – particularly those signed up by LaRoss Partners’ hostawebsite.biz -- seem eager to cancel their contracts and seek refunds for past payments as well.
Some of those customers, threatening possible legal action, would like to see that business disappear for good.
“I was bilked out of $1,000 over a two-year period before the marauding bandits finally got too cavalier and greedy and charged my telephone bill twice in one month,” a customer complained this June. “It caused me to look into the source of the increase on my phone bill …
“But what about all of the other unsuspecting businesses and individuals who are currently getting scammed by this fraudulent company? I would like to start a class-action suit and go after these criminals. One of us alone can do next to nothing, (but) a large group can bring attention to the company and get them shut down.”
Es wird behauptet, daß die "Kunden" gar keine rechtsgültigen Verträge mit der ursprünglichen Firma hatten.
Dazu wird berichtet, daß das höhere Management immer exakt zu Höchstpreisen verkauft.
Wallstreetsweeper sucht primär nach "Müllwerten".
In der Vergangenheit hatten sie dabei auch Erfolge vorzuweisen. Bei einigen war es aber auch unbegründet. Es steht im Raum das Wallstreetsweeper sich aber auch an seinen "informationsportal" bereichert, indem bewusst die Kurse nach unten gezogen werden.
Scheinbar glauben viele Leute aber den Gerüchten, die von WSS in die Welt gesetzt wurden. Wobei man natürlich beachten muß, daß man den Kurs von Local auch mit wenig Geld in die Knie zwingen kann.
Ich bin erstmal raus und warte auf positive Signale.
Sollten sich die Gerüchte als unhaltbar darstellen, werde ich mich natürlich richtig ärgern, weil der Kurs dann mal schnell um 50 oder gar 100% steigen kann.
Aber ich gehe erstmal auf Nummer sicher.
Gruß, P.
Revenue up 48%, Record Adjusted Net Income of $4.6 Million
IRVINE, Calif.--(BUSINESS WIRE)-- Local.com Corporation (NASDAQ: LOCM), a leading local search site and network, today reported its financial results for the third quarter of 2010.
SUMMARY RESULTS
(in thousands, except per share amounts)
Q3 2010 Q2 2010 Q3 2009
Owned & Operated $ 11,576 $ 12,072 $ 9,953
Network 6,818 6,980 3,158
SAS 4,063 3,952 2,017
Revenue $ 22,457 $ 23,004 $ 15,128
Adjusted Net Income* $ 4,595 $ 3,451 $ 1,317
Plus interest and other income (expense), net (79 ) (61 ) (18 )
Less provision for income taxes — (122 ) —
Less non-cash depreciation, amortization and stock compensation
(2,597 ) (2,373 ) (1,511 )
Less gain (loss) on revaluation of warrants 1,830 335 (1,175 )
GAAP net income (loss) $ 3,749 $ 1,230 $ (1,387 )
Diluted Adjusted Net Income per share * $ 0.27 $ 0.20 $ 0.09
Diluted GAAP net income (loss) per share $ 0.22 $ 0.07 $ (0.10 )
Diluted weighted average shares used for Adjusted Net Income per share 17,202 17,342 14,796
Diluted weighted average shares used for GAAP net income (loss) per share 17,202 17,342 14,333
Cash $ 11,887 $ 15,049 $ 7,153
* See detailed reconciliation of GAAP to non-GAAP measures in the financial tables attached to this release.
“Local.com invested heavily in our product suite this year and we are pleased with the initial results. Earlier this week, we debuted our all-new flagship website along with our new corporate branding. Our recent acquisition of OCTANE360 also represented a significant investment in our platform – one that has already paid dividends in the form of record GAAP and Adjusted Net Income,” said Heath Clarke, Local.com chairman and CEO. “During the fourth quarter, we intend to focus on building out the various sales channels required to fully leverage our unique, proprietary product suite. These sales channels are forecasted to deliver revenue growth and margin expansion during 2011.”
Third Quarter Results Highlights:
• Revenue – Third quarter 2010 revenue of $22.5 million represents an increase of 48% over third-quarter 2009 revenue of $15.1 million.
• Adjusted Net Income – Third-quarter 2010 Adjusted Net Income of $4.6 million or $0.27 per diluted share represents an increase of 249% over third quarter 2009 Adjusted Net Income of $1.3 million or $0.09 per diluted share.
Adjusted Net Income is defined as net income (loss) excluding: provision for income taxes; interest and other income (expense), net; depreciation; amortization; stock-based compensation charges; gain or loss on warrant revaluation; and non-recurring items.
An explanation of the company’s use of non-GAAP financial measures, including the limitations of such measures relative to GAAP measures is included below, and the reconciliation between GAAP and non-GAAP measures, where appropriate, is included in the financial tables attached to this release.
• GAAP Net Income – Third-quarter 2010 GAAP net income was $3.7 million or $0.22 per diluted share, compared to third quarter 2009 GAAP net loss of $1.4 million or ($0.10) per diluted share. Third-quarter 2010 and 2009 GAAP net income included a gain (loss) on warrant revaluation of $1.8 million and ($1.2) million or $0.11 and ($0.08) per diluted share, respectively.
• Cash – On Sept. 30, 2010, the company’s cash balance was $11.9 million. During the third quarter 2010, the company used $3.8 million in cash related to the OCTANE360 acquisition, $3.3 million in cash for capital expenditures, including capitalized website development costs, and $1.2 million in cash to repurchase shares of its common stock. These cash expenditures were partially offset by $4.0 million of incremental borrowings on the line of credit and $1.0 million positive cash flow from operations.
• Debt – On Sept. 30, 2010 the company had borrowings of $7.0 million outstanding under its $30 million revolving line of credit.
“During the third quarter, we achieved over 20% Adjusted Net Income margins on revenue that was slightly below our record second quarter revenue. High-margin revenue from products on the newly acquired OCTANE360 platform contributed to the record bottom-line results,” said Ken Cragun, Local.com interim chief financial officer. “Our third-quarter acquisition of OCTANE360, the launch of our redesigned Local.com website and the recent increases in the number of Network partners provide us with platforms that we expect will deliver long-term growth across our business.”
Third Quarter Operating and Recent Highlights:
• Named to Deloitte's 2010 Technology Fast 500™ – In October 2010, the company announced that it was ranked in the Deloitte's 2010 Technology Fast 500™. This list includes the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America.
• Number One in Directory Search – Compete.com ranked Local.com the highest traffic in the directory segment.
• Powering over 100,000 Local Websites – In October 2010, the company announced that the OCTANE360 platform now powers over 100,000 local websites.
• Extended and Expanded SuperMedia Distribution Agreement – In October 2010, the company announced that it had expanded its strategic relationship with SuperMedia LLC (Nasdaq: SPMD).
• Appointments to Management Team – In October 2010, the company announced that Steven Schindler joined the company as vice president of marketing and that Ken Cragun, who previously served as the company’s vice president of finance, had been named interim chief financial officer replacing Brenda Agius, who left the company for personal reasons.
Q3 2010 Owned & Operated (O&O):
• Revenue – Total O&O revenue was $11.6 million, up 16% from Q3 2009 revenue of $10.0 million.
• Traffic – Total O&O traffic was 50 million monthly unique visitors (MUVs), up 15% from Q3 2009 MUVs of 44 million.
• Organic Traffic – O&O organic traffic was 5 million MUVs, flat from the year ago period. O&O organic traffic is defined as all non-SEM sourced traffic on owned and operated websites.
• Monetization of Traffic – Revenue per thousand visitors (RKV) was $266, approximately flat from Q3 2009.
Q3 2010 Network:
• Revenue – Total Network revenue was $6.8 million, up 116% from Q3 2009 Network revenue of $3.2 million.
• Network Sites – The company ended Q3 2010 with over 1,000 Network sites and over 80,000 domains under management, up from 743 Network sites in Q3 2009.
Sales & Advertiser Services:
• Revenue – Total SAS revenue was $4.1 million, up 101% from Q3 2009 SAS revenue of $2.0 million.
• Small Business Subscribers – The company ended the third quarter of 2010 with over 60,000 small business subscribers, which included the purchase of approximately 9,000 subscribers at the end of the quarter.
Fourth Quarter 2010 Financial Guidance:
Revenue - The company expects fourth-quarter 2010 revenue to be between $22.0 million and $23.0 million.
Adjusted Net Income - Adjusted Net Income for Q4 2010 is expected to be between $3.4 million and $3.7 million or between $0.20 and $0.21 per diluted share.
The Adjusted Net Income per share assumes a diluted weighted average share count of 17.5 million, taking into account the dilutive effect of stock options and warrants.
Projected Q4 2010 Adjusted Net Income Factors:
Interest Expense of $70,000
State Tax Provision Expense between $500,000 and $550,000*
Depreciation Expense of $700,000
Amortization Expense of $1.5 million
Stock Compensation Expense of $750,000
Warrant Revaluation Expense and Other Non-Recurring items are undeterminable**
Revised Fiscal 2010 Financial Guidance:
Revenue – The company now expects fiscal year 2010 revenue to be between $86.0 million and $87.0 million, which at the midpoint, represents a 54% sequential increase over fiscal year 2009.
Adjusted Net Income - Adjusted Net Income for fiscal year 2010 is expected to be between $14.0 million and $14.3 million or between $0.83 and $0.84 per diluted share.
The Adjusted Net Income per share assumes a diluted weighted average share count of 17.0 million, taking into account the dilutive effect of stock options and warrants.
Projected fiscal year 2010 Adjusted Net Income Factors:
Interest Expense of $266,000
State Tax Provision Expense between $580,000 and $600,000*
Depreciation Expense of $1.5 million
Amortization Expense of $5.7 million
Stock Compensation Expense of $2.7 million
Warrant Revaluation Expense and Other Non-Recurring items are undeterminable**
* The California Budget Bill was signed into law on Oct. 19, 2010 suspending utilization of net operating losses in the fiscal years 2010 and 2011. As the enactment date of this law is subsequent to Sept. 30, 2010, the effect of the tax law change has, therefore, not been recognized in the third-quarter 2010 financial statements. Management estimates that the company’s tax provision for the first nine-months of the fiscal year 2010 and the estimated annual provision for the fiscal 2010 will increase by approximately $500,000 and $600,000, respectively.
** The valuation of the warrant liability is based in large part on the underlying price and volatility of our common stock during the quarter. Since we cannot predict this, we cannot project the non-cash gain or loss in connection with these warrants, and therefore, cannot reasonably project our GAAP net income. We, therefore, cannot provide GAAP guidance, but we do report GAAP results.
Read more: http://www.nasdaq.com/aspx/...er-2010-financial-results#ixzz14ODImr9K
Irgendetwas sehr interessantes läuft hier doch beim traden ab! Auf W.O wurde schon von massiven Short-Positionen berichtet!
Ich versteh nicht so ganz wie so etwas wie heute nach eigentlich guten Zahlen zustande kommt.
Kann mir jemand helfen und sagen was hier technisch passiert???
wer ne idee woran es hängt??
20% plus in den usa! und dan bei großen volumen??gibts ne nachricht? ich hab nichts gefunden