beantworten, denn der Fair-Value ist meines Erachtens mindestens um das Fünffach höher.
Is a market-cap of 46.14 million a correct value by this fundamentals?
Very Conserative Estimate: 125 million reveneus and net income of 12 million 2012
Basis for my estimate are the excellent numbers of the third quarter he guidance for the fourth quarter, the strong expanding through the acquistions of Krillion, Rovion and ScreaminDailyDeals and progress through the contract with Google.
Financials (non-GAAP)
» 40% CAGR 2006-2010
» Q11 Revenue: ~$21MM (up 34% QoQ) and $1.1MM Adjusted Net Loss
» Q11 Revenue guidance: $24MM (up 15% QoQ) and break-even Adjusted Net Income
» FY11 Revenue guidance: ~$78MM
Without the dip in 2011 to 78 million from 84 million in 2010 through the difficulties from the change of Yahoo to Bing/Microsoft we had strong growth over a big number of years. But after the last numbers we get back on the growth-path again with about revenues of 125 million in 2012 - an increase of more than 50%.
On the basis of the guidance of the 4. quarter 2011, 96 million on a yearly basis was reached. The growth of reveneus between the dip in the second quarter and the 24 million in the fourth quarter was more than 50% - in only six month.
Most Important: Strong Increase of Revenues per 1,000 visitors jumped 30% in only one quarter through the new partnership of Local.com with Google and the renewed parntership with Yahoo - and this growth will lastening.
Details of my estimate for 2012
Between Q2/2011 and Q3/2011 the growth-rate was higher than 30% and between Q2/2011 and Q4/2011 the growth-rate will be higher than 50%.
If we will only reach 12% in 2012 (and this a very low estimate) from quarter to quarter, the revenues in the quarters of 2012 would be on the basis of 24 million in Q4/2011:
Q1/2012 = 26.9 million
Q2/2012 = 30.1 million
Q3/2012 = 33.7 million
Q4/2012 = 37.8 million
That are alltogether 128.5 million.
On the basis of the Q4/2011-revenue guidance: $24MM (up 15% QoQ) and break-even Adjusted Net Income estimates for the net-incomes in 2012 are
1. quarter: 1.5 million net income
2. quarter: 2.5 million net income
3. quarter: 3.5 million net income
4. quarter: 4.5 million net income
That are together 12 million net income in 2012.
Over years existing divisions growth strong: "Our core operations consist of O&O, which is Owned & Operated, network and SAS or sales and ad services. Our O&O and network operations provide us with reach to consumers. And in the third quarter we reached over 90 million consumers, a new record for us and 10% growth over the second quarter, which was also a record. Almost all of these consumers were searching for a local product or service, which means they’re very valuable to advertisers and therefore highly monetizable with ad products, because they’re already shopping for something somewhere."
492% growth from 2006 - 2010: Local.com Ranked as One of the Fastest Growing Companies in North America on Deloitte's 2011 Technology Fast 500(TM)
IRVINE, Calif., Oct 20, 2011 (BUSINESS WIRE) --
Local.com Corporation (NASDAQ: LOCM), a leading online local media company, today announced that it ranked 191st on Deloitte's Technology Fast 500(TM) ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America.
The ranking was based on the company's 492 percent revenue growth during the period of 2006-2010.
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