nicht einmal Libuda, der ja bekanntlich früher überall vorbeikam:
Does it makes sense, that Yelp with the 2.6-fold revenues of the following company has the 145-fold market-cap of Local Corp with the following numbers?
From the first 3 quarters of 13 were of Local Corp reported from positive EBIDA's and Q4/13 will be positive, too
Q1: 0.6 million (reported)
Q2: 1.2 million (reported)
Q3: 1.3 million (reported)
Q4/13: 1.4 million (result of a guidance of 4.5 million positive EBITDA in 13)
Total Cash Flow From Operating increased $326,000 in the first 9 month of 13: 1,441,000 - 2,172,000 + 1,057,000
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
Strong Cash Flow from Network: 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
Steady increase of revenues during 2013 will continue in 2014:
Revenues in 2013
Q1/13: 21.8 million (reported)
Q2/13: 22.7 million (reported)
Q3/13: 23.5 million (reported)
Q4/13: 27.0 million (result of the last guidance of 95 million, if you subtract from this 95 million the revenues of Q1 - Q3).