Total Cash Flow From Operating Activities increased $326,000 in the first 9 month of 2013: 1,441,000 - 2,172,000 + 1,057,000
View: Quarterly Data All numbers in thousands
Period Ending Sep 30, 2013 Jun 30, 2013 Mar 31, 2013
Net Income (1,744) (3,586) (3,353)
Operating Activities, Cash Flows Provided By or Used In
Depreciation 1,163 1,302 1,267
Adjustments To Net Income 1,449 3,484 1,261
Changes In Accounts Receivables (1,653) (3,156) (42)
Changes In Liabilities 1,885 167 2,293
Changes In Other Operating Activities 341 (383) (369)
Total Cash Flow From Operating Activities 1,441 (2,172) 1,057 Less
Cash and debts are okay and the cash flow from operations during the first 3 month was positive
• Cash – The company’s cash balance was $4.8 million as of September 30, 2013, an increase compared to its June 30, 2013, cash balance.
• Debt – On September 30, 2013, the company had borrowings of $8.7 million outstanding under its Square 1 Bank credit facility with availability of $3.3 million. The company also had $5 million due related to senior secured convertible notes.
• Cash Flow from Operations of the first nine month of 2013 was positive with $326,000. Less Less
2014: "We are also projecting the company's operating cash flows will grow to $9.4 million for the year."
Merriman Capital about Local Corp in 2014:
."The company's efforts to increase sales from its high-margin Network
business could help to generate substantial cash flow in the years ahead.
Local has revved up its sales initiatives within its high-margin Network Publishing
business. This business helps merchants and community websites monetize
consumer traffic through genre-specific advertisements carefully targeted to
consumer interests and local communities. As more revenue accrues from this
business, the company's margin mix should improve leading to more consistent
profits and cash flow."
Read the complete text with 17 sites direct by Merriman Capital
2014: "We are also projecting the company's operating cash flows will grow to $9.4 million for the year."
Merriman Capital about Local Corp in 2014:
."The company's efforts to increase sales from its high-margin Network
business could help to generate substantial cash flow in the years ahead.
Local has revved up its sales initiatives within its high-margin Network Publishing
business. This business helps merchants and community websites monetize
consumer traffic through genre-specific advertisements carefully targeted to
consumer interests and local communities. As more revenue accrues from this
business, the company's margin mix should improve leading to more consistent
profits and cash flow."
Read the complete text with 17 sites direct by Merriman Capital