Local.com aussichtsreich

Exellent Financials of Local Corp and a market-cap for such numbers of only 36 million is a big joke

Exellent Financials of Local Corp

• Ended FY-13 with $5.1M in total cash

• Reached FY-13 revenue of $94.4M and Adjusted EBITDA of $4.5M

• Finished Q4 with $1.4M of Adjusted EBITDA

• 2014 guidance: Revenue between $103M and $107M, and Adjusted EBITDA between $3M and $4M Less

Without the building of a Less LEC reserve (1,721), we have a GAAP-net-income, too - not only an positive EBITDA of 1.4 million

SUMMARY RESULTS
(in thousands, except per share amounts)
Q4 2013 Q3 2013 Q4 2012
Consumer Properties:
Owned & Operated $ 10,701 $ 8,932 $ 12,940
Network 16,104 14,540 7,636
Revenue $26,805 $ 23,472 $20,576
Adjusted EBITDA* $ 1,353 $ 1,320 $ (771)
Plus interest and other income (expense), net (522) (537) (100)
Less (provision for) benefit from income taxes (18) 109 9
Less non-cash depreciation, amortization and stock compensation (1,552) (1,514) (2,132)
Plus (less) revaluation of derivatives 871 (413) 30
Less net loss from discontinued operations (90) (154) (3,469)
Less LEC reserve (1,721) — (1,407)
Less severance charges — (5) (51)
Less settlement accrual — (550) —
GAAP net income (loss) $ (1,679) $ (1,744) $ (7,891) Less

Local Corp could activate the costs in the balance sheet, for example for the further development of Krillion, but waive to activate. But on the other side, bought asset was written down.

The results are a lot of hidden reserves
 

Network-Unit of Local Corp (more than 60% of complete revenues of Local Corp) growing faster than Twitter and Yelp

The integration of Krillion booooooooooooooost all acitivites of Local Corp - most network
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 retailer 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 a dynamic local shopping where-to-buy solution

DEVELOPERS: Leverage our API services to build robust applications that deliver a fully integrated shopping experience Less Less

Growth of the revenues of the network-division of Local Corp of 112% year-over year (now more than 60% of all revenues of Local Corp) beats the growth-rates of the revenues of Twitter and Yelp in Q4/2013 and will fastening in 2014.  

Cash Flow from Operations of Local Corp would be  positive 3.0 million in 2013 - not only positive 0.8 million like reported, if the growth of Accounts Receivable and Accounts Payable were equal.

Cash 12-31-12: $3.7 million
Cash 12-31-13: $5.1 million
Increase of cash: $1.4 million
Increase of Accounts Receivable: 6.6 million
Complete Increases of Cash and Accounts Receivable: 8 million

Debt 12-31-12 : $10.0 million
Debt 12-31-13: $12.7 million
Increase of debts: $2.7 million
Increase of Accounts Payable: 4.4 million
Complete Increase of debts and Accounts Payable: 7.1 million

And the difference are the reported 0.9 million positive Cash Flow from operations, which were 3.0 million by a equal increase of Accounts Receivable and Accounts Payable
 

Only a part of the following costs are needed for the core-business:

Sales and marketing 10.029 million
General and administrative 13.633 million
Research and development 6.554 million

The other part, especially of Sales and Marketing of 10.029 million and Research and Development of 6.554 million was investments for new businesses, for example for the very successful integration of Krillion in all products of Local Corp or other new activities. These cost were not activate and are now hidden reserves, Local Corp had paid for Krillion only 4.5 million, but the value of Krillion today is higher than 25 million - 50 million or more.
 

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Fri Jan 31, 2014 5:19pm EST

Jan 31 (Reuters) - Online coupon company Coupons.xxx Inc filed with U.S. regulators to raise up to $100 million in an initial public offering of its common stock.

The company provides digital coupons and makes money when a customer downloads a coupon for redemption at a grocer or a retailer.

Coupons.xxx is backed by asset manager T. Rowe Price Group Inc and investment firm Passport Ventures LLC. T. Rowe Price holds about 12 percent stake, while Passport Ventures owns about 23 percent.

Goldman Sachs, Allen & Co, BofA Merrill Lynch and RBC Capital were underwriting the IPO, the company told the U.S Securities and Exchange Commission in a preliminary prospectus on Friday.

Coupons.xxx, founded in 1998, intends to list its common stock on the New York Stock Exchange under the symbol "COUP".

The filing did not reveal how many shares the company planned to sell or their expected price.

Shares of RetailMeNot Inc, which also sells online coupons, have risen about 70 percent since their debut in July.

The consumer e-commerce market is projected to more than double to 1.9 billion users between 2012 and 2017, according to market research firm IDC.

Net proceeds from the offering would be used for working capital and general corporate purposes, Mountain View, California-based Coupons.xxx said in the filing.

The company's net loss narrowed to $12.8 million for the nine months ended Sept. 30, from $50.1 million a year earlier. Revenue rose 51 percent to $115.3 million.

The amount of money a company says it plans to raise in its first IPO filings is used to calculate registration fees. The final size of the IPO could be different.
 

Revenues of RetailMeNot was with 209 million only the 2.2-fold of 95 million of Local Corp, but the market-cap is with 2,320 million the 64-fold of the idiotic low 36 million market-cap of Local Corp.

Revenues of Local Corp
Q1/2013: 21.8 million
Q2/2013: 22.7 million
Q3/2013: 23.5 million
Q4/2013: 26.8 million

Numbers of RetailMeNot
View: Annual Data | All numbers in thousands
Period Ending Dec 31, 2013 Dec 31, 2012 Dec 31, 2011
Total Revenue 209,836 144,685 80,402  

Cash Flow from Operations of Local Corp were positive 3.0 million in 2013
- not only positive 0.8 million like reported, if the growth of Accounts receivable and Accounts Payable were equal.

The german definition of cash flow from operations ignore changes in Accounts Receivable und Accounts Payable - and after this definition the cash flow from operation of Local Corp were positive 3.0 million.

I believe, the german definition is a better measure of cash flow from operations, because Accounts Receivable und Accounts Payable after my opion parts of financing - and not of operative activities.
 

Our local shopping data is growing daily!



Over 2.1 Billion

retail inventory products



Over 120,000

national and regional retailer stores



Over 4,000

consumer shopping categories
 

Cash Flow from Operations of Local Corp were positive 3.0 million in 2013
- not only positive 0.8 million like reported, if the growth of Accounts receivable and Accounts Payable were equal.

The german definition of cash flow from operations ignore changes in Accounts Receivable und Accounts Payable - and after this definition the cash flow from operation of Local Corp were positive 3.0 million.

I believe, the german definition is a better measure of cash flow from operations, because Accounts Receivable und Accounts Payable after my opion parts of financing - and not of operative activities. Less

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fankengurufankenguru•a second agoRemove0users liked this postsusers disliked this posts0ReplyCash 12-31-12: $3.7 million
Cash 12-31-13: $5.1 million
Increase of cash: $1.4 million
Increase of Accounts Receivable: 6.6 million
Complete Increases of Cash and Accounts Receivable: 8 million

Debt 12-31-12 : $10.0 million
Debt 12-31-13: $12.7 million
Increase of debts: $2.7 millioin
Increase of Accounts Payable: 4.4 million
Complete Increase of debts and Accounts Payabl: 7.1 million

The positive Cash Flow was only 0.8 million in 2013, because the Accounts Payable increased 2013 6.6 million, but the Accounts Payable only 4.4 million - that are 2.2 million lower.

Without this 2.2 million the positive Cash Flow from Operations in 2013 were 3.0 million (0.8 million + 2.2 million).
Cash 12-31-12: $3.7 million
Cash 12-31-13: $5.1 million
Increase of cash: $1.4 million
Increase of Accounts Receivable: 6.6 million
Complete Increases of Cash and Accounts Receivable: 8 million

Debt 12-31-12 : $10.0 million
Debt 12-31-13: $12.7 million
Increase of debts: $2.7 millioin
Increase of Accounts Payable: 4.4 million
Complete Increase of debts and Accounts Payabl: 7.1 million

The positive Cash Flow was only 0.8 million in 2013, because the Accounts Payable increased 2013 6.6 million, but the Accounts Payable only 4.4 million - that are 2.2 million lower.

Without this 2.2 million the positive Cash Flow from Operations in 2013 were 3.0 million (0.8 million + 2.2 million).
 

Build robust applications with the same local shopping data used by leading brands and publishers

Ideal for powering all types of web and mobile apps, our patented local product search technology provides consumers with real-time shopping data tailored just for them.


"Finally, we successfully launched our Innovative Shopping App Havvit which is powered by our Krillion platform. Havvit enables consumers to find products near them, track savings, compare prices and ultimately to make a purchase. The Havvit App showcases just one of the many ways our shopping data can be utilized by consumers. And as one of the first Shopping Apps of its kind designed for iOS 7 the Havvit App was named one of the top five Shopping Apps by the Los Angeles Times in this past holiday season."

Source: Read the complete transcript of last Conference Call direct on Seeking Alpha
"Finally, we successfully launched our Innovative Shopping App Havvit which is powered by our Krillion platform. Havvit enables consumers to find products near them, track savings, compare prices and ultimately to make a purchase. The Havvit App showcases just one of the many ways our shopping data can be utilized by consumers. And as one of the first Shopping Apps of its kind designed for iOS 7 the Havvit App was named one of the top five Shopping Apps by the Los Angeles Times in this past holiday season."

Source: Read the complete transcript of last Conference Call direct on Seeking Alpha
 

Hidden Reserves

Only a part of the following costs are needed for the core-business:

Sales and marketing 10.029 million
General and administrative 13.633 million
Research and development 6.554 million

The other part, especially of Sales and Marketing of 10.029 million and Research and Development of 6.554 million was investments for new businesses, for example for the very successful integration of Krillion in all products of Local Corp or other new activities. These cost were not activate and are now hidden reserves, Local Corp had paid for Krillion only 4.5 million, but the value of Krillion today is higher than 25 million - 50 million or more.


The organic growth-path: "Our core business is generating positive cash flow. We’re investing the returns from our core business into new initiatives."

"Let me now turn to cash and liquidity. We had another quarter of positive cash flow. The company’s cash balance was $5.1 million as of the end of the fourth quarter up from $4.8 million at the end of the third quarter. Our core business is generating positive cash flow. We’re investing the returns from our core business into new initiatives. We have several new opportunities ahead in 2014 including the expansion of our Local’s Krillion shopping platform and new mobile advertising solutions."

Source: Read the complete transcript of the Conference Call direct on Seeking Alpha Less

Without the investions in new activities the following costs would be a lot lower in 2013:

Sales and marketing 10.029 million
General and administrative 13.633 million
Research and development 6.554 million

Local Corp measured the costs for the new activities in this way, that the cash flow from operations was a little bit better than flat – positive 0.8 million in 2013 like reported or 3 million, if the changes of accounts receivable and accounts has no infulence by this math.

Similar will happen by the organic growth in 2014, too.
The organic growth-path: "Our core business is generating positive cash flow. We’re investing the returns from our core business into new initiatives."

"Let me now turn to cash and liquidity. We had another quarter of positive cash flow. The company’s cash balance was $5.1 million as of the end of the fourth quarter up from $4.8 million at the end of the third quarter. Our core business is generating positive cash flow. We’re investing the returns from our core business into new initiatives. We have several new opportunities ahead in 2014 including the expansion of our Local’s Krillion shopping platform and new mobile advertising solutions."

Source: Read the complete transcript of the Conference Call direct on Seeking Alpha Less

Without the investions in new activities the following costs would be a lot lower in 2013:

Sales and marketing 10.029 million
General and administrative 13.633 million
Research and development 6.554 million

Local Corp measured the costs for the new activities in this way, that the cash flow from operations was a little bit better than flat – positive 0.8 million in 2013 like reported or 3 million, if the changes of accounts receivable and accounts has no infulence by this math.

Similar will happen by the organic growth in 2014, too.
 

bin letzte Woche mal mit einer kleineren Position eingestiegen.

Bewundere deinen Mut und deine Zähigkeit. Hoffe, Sie macht sich für Dich in Zukunft auch bezahlt.

Kann Dich verstehen. Du bist von der Firma, dem Geschäftmodell und von dem Management überzeugt und von daher auch bereit, ein größeres Risiko einzugehen.

Mir ging das damals mit Drillisch genauso. Ging nach und nach (seit 02/2001 dabei) all in, habe sogar Aktien kreditfinanziert gekauft. Bin immer noch drinnen und bereue es nicht.

Wünsche Dir alle Gute - manchmal braucht man nur etwas Geduld.

Bolanic  

Growth-rate of Network-Unit of Local Corp (with more than 60% of the complete revenues of Local Corp) was with 112% near double than the growth-rate fo Yelp of only 69% for a company with 22-times-revenues.

From the last report of Yelp: "Net revenue for the full year ended December 31, 2013 was $233.0 million, an increase of 69% compared to $137.6 million in 2012. Net loss for the full year ended December 31, 2013 was $(10.1) million, or $(0.15) per share, compared to a net loss of$(19.1) million, or $(0.35) per share, for 2012."  

Zum Geschäftsmodell schon, vor allem weil da enormes Know How, Userzahlen und Patente da sind - auch wenn das schwierig ist, dies in Erlöse umzusetzen.

Beim Management sind meine Gefühle etwas gemischt, denn das ist sicher keine Ansammlung von Wohltätern, sondern die wollen schon möglichst viel selbst abbekommen. Wenn man aber solche Leute kontrollieren kann, kann es zu sehr vernünftigen Kompromissen kommen, von denen die Aktionäre profitieren - denn fachlich ist das Manegement auf der Höhe und es sitzt auf Schätzen wie Patenten, sonstigem Know, Kundenbeziehungen u.vm.

Was die Kontrolle anbetirfft, bin ich hoch erfreut über den Ansteg der Institutionals - denn die kontrollieren. DAs dürfte inbesondere für den größten Eigentümer Goldman Management zutreffen, die nichts mit Goldman Sachs zu tun haben, sondern ein kleinerer Investor sind, für die die relative große Beteiligung an Local Corp von einiger Bedeutung sein dürfte.  

Network-Unit of Local Corp (more than 60% of complete revenues of Local Corp) growing faster than Yelp and Twitter

The integration of Krillion booooooooooooooost all acitivites of Local Corp - most network
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 retailer 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 a dynamic local shopping where-to-buy solution

DEVELOPERS: Leverage our API services to build robust applications that deliver a fully integrated shopping experience Less Less

Growth of the revenues of the network-division of Local Corp (now 61% of all revenues of Local Corp) beats the growth-rates of the revenues of Twitter and Yelp and had go in Q4/2013 and will fastening in 2014.

Revenues of the Network-Division of Local Corp:
Q3-12 5.0 million
Q4-12: 7.6 million
Q1-13: 8.3 million
Q2-13: 11.6 million
Q3-13: 14.5 million
Q4-13: 16.1 million

Growth of 8.5 million from 7.6 million in Q4-12 to 16.1 million in Q4-2013 is a growth of 112%
 

If the 95 million revenues of Local Corp were value like the about 200 million reveneus of What's App, the market-cap must be 9,025 million or 9.025 billion - but the market-cap of today is only 37 million.

A market-cap of 9,025 million were by 23 million outstanding shares a share-price of $392, but the share-price increased toda only to $1.65.
 

Überkreuz- Vergleich sei erlaubt ; http://www.couponsinc.com/

Heute an die Börse , Kurs 30$ !  was soll´s....
Da sollte LOCM  auch mal notieren...  

16.1 million of the network-unit in Q4/2013 are on a yearly base 64.4. million. The growht -rate of the revenues of the network-unit was in Q4/2013 112% (against Q4/2012).

My question to you: What is the value of a company with 64.4 million revnues in 2013 and a growth-rate of 112%?

Do you think only 37 million? And additional exist revenues from another units.  

 

Coupons.com IPO gets full price, valuation tops $1 billion


By Jeremy C. Owens


jowens@mercurynews.com



Posted:   03/06/2014 06:01:06 PM PST | Updated:   a day ago






Related Stories

Mar 7:
•As Groupon flails, Coupons.com IPO shows Wall Street's desire for traditional discounting
•Biz Break: FireEye, Coupons.com bring big bucks to Silicon Valley
•Was Coupons.com IPO half-price? Stock doubles in market debut

MOUNTAIN VIEW -- Silicon Valley's first pure-tech IPO in 2014 brought in millions more than expected Thursday, as Coupons.com convinced investors it is worth more than $1 billion.

The discounts website planned to sell 10 million shares at a price ranging from $12 to $14, but after meeting with potential institutional investors, the company sold an additional 500,000 shares at a price of $16, according to IPO tracking service Renaissance Capital. The company, founded during the dot-com boom of the late 1990s, brought in $168 million at that price, with an initial valuation approaching $1.2 billion.

Coupons.com took three years to launch its first digital coupon, in 2001, and is now attempting to move to mobile devices in a fight with the mailbox circulars and newspaper inserts that have dominated thrifty customers' lives for decades. The company generates revenues when customers use the coupons, through deals with the manufacturers or stores, and also sells digital advertising on its site and third-party sites where its coupons appear.

Twelve years into the effort, with founder Steven Boal still at the helm as president and CEO, Coupons.com was involved in 1.3 billion consumer transactions in 2013. Revenues jumped in 2013 with that performance, gaining from $112.1 million in 2012 to $167.9 million; while still unprofitable, the company's losses shrank last year as well, from a net loss of $59.2 million in 2012 to $11.2 million.

Silicon Valley's IPO market has been hot so far in 2014, but only in one sector: Biotechnology. Health care and biotech companies have been going public at historic rates at the beginning of 2014, with 17 such companies arriving on the public markets in the first two months of the year after a total of 35 last year.

Coupons.com, however, is the first non-biotech IPO from the Bay Area this year, though many others remain in the pipeline, with South San Francisco biotech company Achaogen and San Francisco health-care software company Castlight Health expected to sell their first shares next week, according to Renaissance.

Coupons.com is selling all the shares in the IPO, with the proceeds targeted to general corporate purposes. CEO Boal will own 9.3 percent of the company after the offering, with investors Passport Ventures (19.5 percent) and T. Rowe Price (10.1 percent) also owning substantial stakes.

Coupons.com is expected to begin trading Friday morning on the New York Stock Exchange under the ticker symbol COUP.

Contact Jeremy C. Owens at 408-920-5876; follow him at Twitter.com/jowens510.
 

sierung von 1,2 Milliarden mehr als zwei Milliarden:

COUPONS.XXX INCORPORATED (COUP)-NYSE - THE HAMMER

30.00 14.00(87.50%) 4:00PM EST  

If the 95 million revenues of Local Corp werde valued like the 168 million revenues of Coupon, the market-cap of Local Corp must be 1,130 million - but the market-cap of Local Corp was yesterday idiotic low 37 million.  

The big success of the flagship-site of Local Corp basing on the combination of business (for eample coupons, beside others offers) and corresponding content.  

Havvit finds what you love, tracks what you want, checks who else has it, compares everything you're craving and works even when you're not on the app. Now you can finally have it the way you want it. You have to shop it to believe it


http://www.youtube.com/watch?v=BckUOsfFHv0