Slide 1: Local Corporation Q3-13 Quarterly Earnings Summary
Exhibit 99.1 Local Corporation …………………………..……………………………………. We connect local businesses with online consumers Q3-13 Quarterly Earnings Summary 1 QUARTERLY EARNINGS SUMMARY | Q3-13
Slide 2: Forward Looking Statements
Forward Looking Statements…………………………………………………. This Q3-13 Quarterly Earnings Summary contains forward looking statements which are made pursuant to the Safe Harbor provisions of section 21-E of the Securities Exchange Act of 1934. Investors are cautioned that statements which are not strictly histor
Slide 3: Key Takeaways from Q3-13
Key Takeaways from Q3-13……………………………………………………. • Revised 2013 guidance: » Annual revenue for 2013 is expected to be at the low end of previously provided guidance of $95 to $97 million » Adjusted EBITDA is expected to be approximately $4.5 million • Sequential revenue growth up 4% to $23.5 million in
Slide 4: Financials and Key Metrics at a Glance
Financials and Key Metrics at a Glance …………………………….…. $ in Millions Q3-13 Q2-13 Q3-12 GAAP Consolidated Revenue $ 23.5 $ 22.7 $ 24.4 Consolidated Revenue ex-Network TAC $ 15.7 $ 15.8 $ 22.3 GAAP Net Loss $ (1.7) $ (3.6) $ (3.8) Adjusted EBITDA $ 1.3 $ 1.2 $ 0.2 Diluted GAAP net loss per share $ (0.0
Slide 5: Consolidated Quarterly Revenues
Consolidated Quarterly Revenues ……….…………………………….. Quarterly Revenues excluding Network TAC by Business Unit % of Total Revenue excluding Network TAC by Business Unit 5% 3% 1% 1% 1% 10% 9% 8% 12% $24.7 $23.3 $22.8 $22.3 $2.1 $2.2 $2.2 $1.1 56% $18.5 69% $16.8 $17.3 $2.3 $0.2 $15.8 75% $0.5 $15.7 71%
Slide 6: MUV - RKV
MUV - RKV……….…………………………………………………………………….. $332 $299 106.2 $285 101.0 100.0 93.7 100.8 93.4 91.9 93.6 $276 $230 80.0 $254 $215 $199.5 $180.3 6 QUARTERLY EARNINGS SUMMARY | Q3-13
Slide 7: Mobile Traffic
Mobile Traffic ……….………………………………………………………….…….. MOBILE TRAFFIC (MUVs) 7 QUARTERLY EARNINGS SUMMARY | Q3-13
Slide 8: Network Revenue ex-TAC Trends
Network Revenue ex-TAC Trends ………………………..……………..…. NETWORK REVENUE EX-TAC $ in millions Q3-11 Q4-11 Q1-12 Q2-12 Q3-12 Q4-12 Q1-13 Q2-13 Q3-13 Network Rev -GAAP $4.4 $5.1 $4.2 $4.1 $5.0 $7.6 $8.3 $11.6 $14.5 TAC 1.6 1.5 1.5 2.0 2.1 3.7 4.2 6.8 7.7 Network Rev-Ex TAC $2.8 $3.6 $2.7 $2.1 $2.9 $3.9 $4.1
Slide 9: Reconciliation of Adjusted EBITDA to GAAP Net Income (Loss)
Reconciliation of Adjusted EBITDA to GAAP Net Income (Loss) ……………………………………………………. Note: Since we cannot predict the valuation of the warrant liability and the conversion option liability, we cannot reasonably project our GAAP net income (loss). We, therefore, cannot provide GAAP guidance, but we do
Slide 10: Key Balance Sheet Metrics
Key Balance Sheet Metrics ……………………………………………………. $ in Millions Q3-12 Q4-12 Q1-13 Q2-13 Q3-13 Assets Cash & marketable debt securities $ 3.7 $ 3.7 $ 3.1 $ 4.8 $ 4.8 Accounts receivable, net 14.0 10.6 10.7 13.4 14.9 Total Assets 58.8 49.9 49.1 50.4 51.4 Liabilities and Equity Total Debt 7.6 10.0 9.0 11
Slide 11: Business Outlook
Business Outlook …………………………………………………………..………. $ in Millions FY-2013 Total Revenue $95M-97M Adjusted EBITDA ~$4.5M Projected as of November 7, 2013 Note: An explanation of the Company’s use of Non-GAAP measures is set forth on Slide 12 11 QUARTERLY EARNINGS SUMMARY | Q3-13
Slide 12: Use of Non-GAAP Measures
Use of Non-GAAP Measures …………………………………………………. This document includes the non-GAAP financial measure of “Adjusted EBITDA” which we define as net income (loss) excluding: provision for income taxes; interest and other income (expense), net; depreciation; amortization; stock based compensation charges;