Local.com aussichtsreich

Transforming our buisiness and entering rapidly growing digital ad markets by leveraging our premium audience

OLD BUSINESS MODEL:
- Opportunistic short term focus
- High revenue concentration risk
- Limited innovation
- Focus on complex SMB market

NEW BUSINESS MODEL:
- Long term value creation; bottom-line driven
- Diverse revenue streams
- Rapid lean production interation and innovation
- Differentiated value propositions
- Shift to enterprise advertisers

Source: Company Overview January -2015 (from the Website of Local Corp - SEC-Filings)
 

By combining our patented Localization Engine™ and real-time StockCheck™ technology, our solutions empower you to fully engage web-savvy consumers and lead them down the path to purchase.

RETAILERS Join our Merchant Program to gain instant access to a wider consumer audience
PUBLISHERS Implement our turnkey solutions to add real-time shopping content to your site
MANUFACTURERS Capture more customers and increase retail channel sales using nStore(TM), our dynamic local shopping where-to-buy solution
DEVELOPERS Leverage our API services to build robust applications that deliver a fully integrated shopping experience

Our dynamic local shopping data is ALWAYS EXPANDING!
________________________________________
~120,000 retail store locations
________________________________________
Over 4,300 consumer shopping categories
________________________________________
Nearly 3 Million localized products
 

 

Adjusted EBITDA positive during seven years  

 

11:51  

#270  



FY-09
FY-10
FY-11
FY-12
FY-13
FY-14
FY-15* (Estimate)

Adjusted EBITDA (in 1,000)
$3,041
$13,775
$3,247
$777
$4,533
$2,300
$3,500

Quelle: finance.yahoo.com  

der Quellenangabe "Reuters", obwohl auch das kein Problem ist, wenn man die erste Zeile des Textes bei Google einträgt und klickt.

Moderation
Moderator: st
Zeitpunkt: 07.02.15 12:27
Aktion: Löschung des Postings
Kommentar: Urheberrechtsverletzung, vollständige Quellenangabe fehlt
Links: Forumregeln, Widerspruch einlegen

Und vorher noch ein Meldung:

Meldung eines Regelverstoßes:
Melder: carlzeisjena
Zeitpunkt: 06.02.15 18:36
Grund: Pushversuch, nach den jüngsten Berichten ist local nahezu pleite, nicht zu fassen was in diesem Thread passiert.

"The search and advertising technology company reached a "favorable" settlement with electronics retailer Fry's Electronics over a patent infringement case.

Local Corp filed a lawsuit in June 2012, claiming Fry's Electronics had infringed one of its technology patents. "We currently believe that a conservative estimate of potential future licensing fees that could be generated from this patent is $100 million," CEO Fred Thiel said."


http://www.reuters.com/article/2014/09/03/...se-idUSL3N0R44YP20140903  

 

7.B. jetzt sieben Jahren hintereinander positiv.

FY-09
FY-10
FY-11
FY-12
FY-13
FY-14
FY-15* (Estimate)

Adjusted EBITDA (in 1,000)
$3,041
$13,775
$3,247
$777
$4,533
$2,300
$3,500

Quelle: finance.yahoo.com  

berichteten Halbjahr mit 7,4 Millionen positiv, auch wenn das überwiegend auf einen Forderungsabbau zurückging, der sich in diesem Umfang wohl kaum wiederholen wird.

Total Cash Flow From Operating Activities was with 7.4 million positive in the last half year

Period Ending Sep 30, 2014 Jun 30, 2014
Net Income (1,308) (1,330)
Operating Activities, Cash Flows Provided By or Used In
Depreciation 1,244 1,149
Adjustments To Net Income 430 627
Changes In Accounts Receivables 4,490 5,150
Changes In Liabilities (1,966) (1,321)
Changes In Inventories - - - -
Changes In Other Operating Activities 122 134

Zahlen: finance.yahoo.com
 

nur knapp über dem Buchwert von 15,411 Millionen bewertet:

Period Ending Sep 30, 2014

Assets
Current Assets
          §Cash And Cash Equivalents 4,311  
          §Short Term Investments -  
          §Net Receivables 8,079  
           Inventory§-  
          §Other Current Assets 445  

Total Current Assets 12,835  
Long Term Investments -  
Property Plant and Equipment 6,048  
  Goodwill§19,281  
Intangible Assets 1,870  
Accumulated Amortization -  
Other Assets 72  
Deferred Long Term Asset Charges -  

Total Assets 40,106  

Liabilities
Current Liabilities
          §Accounts Payable 14,098  
          §Short/Current Long Term Debt 9,196  
          §Other Current Liabilities 957  

Total Current Liabilities 24,251  
Long Term Debt -  
Other Liabilities -  
Deferred Long Term Liability Charges 444  
Minority Interest -  
Negative Goodwill -  

Total Liabilities 24,695  

Stockholders' Equity
Misc Stocks Options Warrants -  
Redeemable Preferred Stock -  
Preferred Stock -  
Common Stock -  
Retained Earnings (109,430)
Treasury Stock -  
Capital Surplus 124,841  
Other Stockholder Equity -  

Total Stockholder Equity 15,411  

Zahlen: finance.yahoo.com

 

in den 9,196 Millionen Short/Current Long Term Debt steckt eine Wandelschuldverschreibung über nominal 5 Millionen, die im April 2015 fällig ist.

Aber es ist in einem Unternehmen ganz normal, dass auslaufende Kredite i.d.R ersetzt werden. Und selbst wenn Q4/2014 und Q1/2015 der operative Cash Flow nicht wieder 7,4 Millionen beträgt wie im Halbjahr zuvor, sondern mit 0,74 Millionen nur ein Zehntel würde das zusammen mit Cash von 4,311 Millionen ausreichen, um die Convertible Bonds auch ohne neue Kreditaufnahme zurückzuzahlen, obwohl man so auf Kante vermutlich nicht nähen wird.  

"We believe the consumer shift to mobile devices presents a tremendous opportunity for us. Today, consumers are using their mobile devices more than ever before to search for local products and services.

We believe that Local can become the technology engine which powers third party apps and sites that seek to provide on-the-go mobile consumers with the local business, product, and service information they want, when they need it, along their path from discovery to decision. If this happens, we believe we will be in a better position to control our financial future by having direct relationships with retailers and brands and as a result we expect to be able to reduce our reliance on third party advertisers.

In addition, we believe that any wide adoption of the Local technology platform would result in access to an immense amount of data about retailers, manufacturers, and consumers alike. We believe this could further evolve Local's platform into a location-based data play, complete with highly valuable consumer behavior trends, price history by category and other valuable information. We believe we are in the early stages of this evolution in consumer search and we believe we are well positioned to take advantage of it."

http://www.marketwatch.com/story/10-q-local-corp-2014-11-12  

Wobei meine Erachtens die Wandelschuldverschreibung mit einem Nominalwert von 5 Millionen meines Erachtens nicht durch eine neue Wandelschuldverschreibung ersetzt werden sollte, denn ein stinknormaler Kredit in Höhe von 2 oder 3 Millionen tut es auch, auch wenn man für den einen höheren Zins bezahlen muss.

Wenn Lizenzzahlungen für Patente rechtzeitig fließen, wovon ich bei dem angkündigten Volumen ausgehe, sind unsere hier angestellten Überlegungen sowieso "für die Katz".  

ist ehr positiv gestimmt:

http://www.nasdaq.com/symbol/locm/guru-analysis/fisher  

Q1/2015 auch nur ein ganz wenig schon läuft, sind meine bisher dazu antgestellten Überlegungen eh' Makalatur:

“We have identified hundreds of websites and applications that we believe infringe upon this patent and believe there are likely thousands more. We have set a clear course to begin the process of licensing this patent and expect to continue to report the results of these monetization efforts with greater frequency. Overall, we currently believe that a conservative estimate of potential future licensing fees that could be generated from this patent is $100 million. We believe we are well-positioned to explore the monetization of our other patent families as well, including our pay-per-call patents.”

http://www.streetinsider.com/Corporate+News/...ectronics/9800682.html  

der fünf Pay Per Call-Patente, die man hat, weil man die Möglichkeiten voraussichtlich allein nur schwer optimal ausschöpfen kann - selbst wenn man da inzwischen mit auf diesen Patenten basierenden Angeboten am Markt ist.

https://www.youtube.com/watch?v=Z-9cNY-Hjfo  

16,14 Millionen Marktkapitalsierung am Freitag

Local Corp has four excellent divisions - not only Owned & Operated and Network like in the past:

Local Flagship

• Rich, relevant local content

• 500M annual searches

• Growing mobile segments in local jobs,
coupons and apartment rentals

• Most popular segments
Home services
Medical
Legal
Restaurant

Corporate Overview of Local Corp– Q4 2014


Publisher Partner Network

• Hundreds of publisher partner sites

• 25 million search queries per day*

• Traffic scored through nTegrity TM to ensure it is a valid impression

*as of November 2014

Source: Company Overview Q4-2014


nPress by local

White labeld hosted directory

• Rich, relevant local content

• 100% organic audience

• Traffic across all 50 states

• 50% mobile traffic and growing

• Categories & performance similar to Local Corp's flagship

Corporate Overview – Q4 2014


nQuery by local

White labeled hosted search

• 26 million mobile subscribers activated

• 10 million US smartphone searches per month

• Launching top 5 mobile carrier in South America
~200million+ searches per month

• Biz Dev conversations openwith several global carriers & MVNOs

• Several languages:
English
Spanish
Portuguese
Chinese

Source: Company Overview Q4-2014



2015 Guidance of Local Corp
• Revenue between $82M and $86M
• Adjusted EBITDA between
$3M and $4M

That are 0.2-times-revenues and the market-cap is only 5-fold of EBITDA

Full Year 2014 of Local Corp
• $82.8M - $83.3M
in revenue
• $2.2M and $2.4M in
Adjusted EBITDA

That are 0.2-times-reveneus.


http://finance.yahoo.com/news/...es-preliminary-fourth-113000203.html  

Company Description
MaxPoint provides a leading business intelligence and marketing automation
software service, which we refer to as our solution, that enables national
brands to drive local, in-store sales. National brands use our MaxPoint
Intelligence Platform to predict the most likely local buyers of a


Read more: http://www.nasdaq.com/markets/ipos/company/...526-77558#ixzz3R9JrhZwh
 

http://maxpoint.com/us/digital-advertising-solutions  

als die von Local Corp.

http://www.renaissancecapital.com/news/...or-a-$75-million-23037.html

Die Frage, die noch offen bleibt, ist, wieviel Prozent die in den IPO gegebenen Aktien, die 75 Millionen bringen sollten, von der gesamten Aktienzahl ausmachen. Hier werden nur selten mehr als 25% in Umlauf gebracht. Würde das beispielsweise hier der Fall sein, würde MáxPoint mit 300 Millionen bewertet. Bei 92 Millionen Umsätzen wäre das ein Umsatzmultiple von 3,26.

Das Umsatzmultiple von Local Corp lag gestern bei Umsätze zwischen 80 und 90 Millionen und einer Marktkapitalisierung von gestern 16,14 Millionen bei 0,19.

Das heißt: Ein Umsatzeinheit des IPO Maxpoint wird mit dem 18,9-fachen  einer Umsatzeinheit von Local Corp bewertet.  

sogar noch bessere Vergleichmöglichkeiten, weil die Unternehmen nach dem IPO schon einige Zeit an der Börse notiert werden:

Other initial public offerings in the digital ad space include TubeMogul (NASDAQ:TUBE). Its July 18 IPO raised $44 million. Shares priced at 7 and rose 64% on its first day of trading. TubeMogul is trading near 15.
Another was Rubicon Project (NYSE:RUBI), which raised $102 million. The April 2 IPO priced at 15 and rose 34% on its first day of trading. Rubicon also currently trades near 15.

MaxPoint could become the second technology IPO of 2015, following Box (NYSE:BOX), a provider of cloud-based online data storage and file-sharing platforms, on Jan. 23.

MaxPoint was founded in 2006 in Morrisville, N.C. For the nine-month period ended Sept. 30, MaxPoint reported revenue of $67.8 million, up 62% from $41.8 million in the year-earlier period. It reported a loss of $11.5 million, more than the loss of $1.4 million in the year-earlier period.


Read More At Investor's Business Daily: http://news.investors.com/technology/...ic-offering.htm#ixzz3RA22LB3I
Follow us: @IBDinvestors on Twitter | InvestorsBusinessDaily on Facebook

 

Next BIG Thing Near: The Monetization of the 5 Important Pay Per Call-Patents of Local Corp

Read this announcement in the Company Overview Q3/2014:

Reviewing options to maximize value
Pay-Per-Call patent portfolio

Next BIG Thing Near: The Monetization of the 5 Important Pay Per Call-Patents of Local Corp

Methods and systems for enhanced directory assistance using wireless messaging protocols
Patent number: 8359049
Type: Grant
Filed: March 25, 2010
Issued: January 22, 2013
Assignee: Local Corporation

Enhanced directory assistance services in a telecommunications network
Patent number: 8306208
Type: Grant
Filed: August 7, 2009
Issued: November 6, 2012
Assignee: Local Corporation

Methods and systems for enhanced directory assistance using wireless messaging protocols
Patent number: 7715857
Type: Grant
Filed: March 23, 2006
Issued: May 11, 2010
Assignee: Local Corporation

Enhanced directory assistance services in a telecommunications network
Patent number: 7596218
Type: Grant
Filed: May 30, 2003
Issued: September 29, 2009
Assignee: Local.Corporation

Methods and system for enhanced directory assistance using wireless messaging protocols
Patent number: 7200413
Type: Grant
Filed: July 30, 2003
Issued: April 3, 2007
Assignee: Local Corporation Less
 

Period Ending Sep 30, 2014

Assets
Current Assets
Cash And Cash Equivalents 4,311
Short Term Investments -
Net Receivables 8,079
Inventory -
Other Current Assets 445

Total Current Assets 12,835
Long Term Investments -
Property Plant and Equipment 6,048
Goodwill19,281
Intangible Assets 1,870
Accumulated Amortization -
Other Assets 72
Deferred Long Term Asset Charges -

Total Assets 40,106

Liabilities
Current Liabilities
Accounts Payable 14,098
Short/Current Long Term Debt 9,196
Other Current Liabilities 957

Total Current Liabilities 24,251
Long Term Debt -
Other Liabilities -
Deferred Long Term Liability Charges 444
Minority Interest -
Negative Goodwill -

Total Liabilities 24,695

Stockholders' Equity
Misc Stocks Options Warrants -
Redeemable Preferred Stock -
Preferred Stock -

Common Stock -
Retained Earnings (109,430)
Treasury Stock -
Capital Surplus 124,841
Other Stockholder Equity -

Total Stockholder Equity 15,411

Quelle: finance.yahoo.com  

Absurd sind nach meiner Meinung die Bewertuzngsunterschiiede zwischen dem deutschen Local Search-Wert My Hammer und dem US-Local Search-Wert Local Corp, denn My Hammer hat trotz miserabler Zahlen mit 1,17 ein 6,2-mal so hohes Umsatzmultiple wie Local Corp.

Local Corp hat ein bei einer Marktkkapitalisierung von 16,14 Millionen und dem mittleren Revenuewert für 2015 von 84 Millionen ein Umsatzmultiple von 0,19.
2015 Guidance of Local Corp
• Revenue between $82M and $86M
• Adjusted EBITDA between
$3M and $4M
Source: local.com (Preesliminary Results)

My Hammer hat bei einer Marktkapitalisierung von 7,93 Millonen auf der Basis von 2015 ein Umsatzmultiple von 1,17
Die wichtigsten Finanzdaten auf einen Blick (in Mio)
2012 2013 2014 2015e
Umsatzerlöse      8,71      6,52      6,25      6,80                    §
Bruttoergebnis     -0,59     -5,09     -1,10     -0,60          §
Quelle: http://boersengefluester.de/myhammer-passt-ins-raster-leider/


Denn My Hammer hat bei einer Bilanzsumme von gerade einmal 2.802,991 ein negatives Eigenkapital von 1.903.650 ausgewiesen - eine negative Eigenkapitalquote von schier unglaublichen minus 67,9%.

https://www.myhammer-holding.de/cms/upload/...chenmitteilung_2014.pdf


38,4% Eigenkapitalquote von Local Corp sind zwar nicht super, aber immerhin.
   

Clearly, naked shortsellers of LOCM are in distress, because after my estimates now more than 50% of the outstanding shares shorted and Local Corp is in the eest posiition in it's history and the shortsquezze is very near.
 

die Stirn:

Local Corp was never better positioned in the history
.

Transforming our buisiness and entering rapidly growing digital ad markets by leveraging our premium audience

OLD BUSINESS MODEL:
- Opportunistic short term focus
- High revenue concentration risk
- Limited innovation
- Focus on complex SMB market

NEW BUSINESS MODEL:
- Long term value creation; bottom-line driven
- Diverse revenue streams
- Rapid lean production interation and innovation
- Differentiated value propositions
- Shift to enterprise advertisers

Source: Company Overview January -2015 (from the Website of Local Corp - SEC-Filings