Slide 1: Quarterly Earnings Summary
Exhibit 99.2 Quarterly Earnings Summary
Slide 2: Forward-looking statements and non-GAAP notice
This Q3-2014 Quarterly Earnings Summary contains forward statements. Those risks and uncertainties are detailed in the looking statements which are made pursuant to the Safe Harbor company’s filings from time to time with the Securities and provisions of section 21-E of the Securities Exchange Act o
Slide 3: Highlights, Financials, Innovation
Highlights Financials Innovation • Q3 revenue of $18.1M • Ended Q3 with $4.3M in total cash • Expanding reach with the expected launch of nQuery TM solution with a top • Q3 Adjusted EBITDA $407K, positive for • Reduced debt by $4.5M five global carrier the seventh consecutive quarter • Positive free
Slide 4: Quarterly financial summary
$ in Millions2 Q3-14 Q2-14 Q3-13 GAAP Revenue $ 18.1 $ 22.5 $ 23.5 Adjusted EBITDA $ 0.4 $ 1.0 $ 1.3 Net Loss $ (1.3) $ (1.3) $ (1.7) Diluted Adjusted EBITDA per share $ 0.02 $ 0.04 $ 0.06 Diluted GAAP net loss per share $ (0.06) $ (0.06) $ (0.08) Diluted weighted avg shares used for Adj EBITDA per
Slide 5: Local.com
Local.com $276 $230 $215 $203.8 $201.1 $199.5 $189.3 $180.3 $178 101.0 100.0 106.2 93.4 80.0 80.4 71.6 72.6 65.5 Quarterly earnings summary: Q3 2014 5
Slide 6: Quarterly earnings summary: Q3 2014
40% 39% 36% 32% 30% 28% 24% 25% 25% 24.5 25.4 31.9 33.7 32.0 31.0 23.1 20.6 16.6 Quarterly earnings summary: Q3 2014 6
Slide 7: Quarterly earnings summary: Q3 2014
5.0 7.6 8.3 11.6 14.5 16.1 14.8 9.9 6.4 Quarterly earnings summary: Q3 2014 7
Slide 8: Quarterly Revenues by Business Unit
Quarterly Revenues by Business Unit % of Total Revenue by Business Unit $26.8 $26.2 $24.4 20% $23.5 36% $22.7 $22.5 37% 44% 39% $5.0 51% 56% $21.5 $20.6 62% 60% $16.1 $14.8 $18.1 $9.9 $11.6 $8.3 $14.5 $7.6 $6.4 80% $19.4 64% 63% 61% 56% $13.2 $12.6 49% $12.9 $11.1 $11.4 $11.7 44% $8.9 $10.7 38% 40%
Slide 9: Adjusted EBITDA to GAAP net income reconciliation
Description FY-09 FY-10 FY-11 FY-12 FY-13 FY-14* Adjusted EBITDA $3,041 $13,775 $3,247 $777 $4,533 $2,200 Less interest and other income (expense), net (27) (275) (413) (425) (2,321) (2,100) Less provision for income taxes (158) (102) (178) (111) (139) (100) Less amortization of intangibles (2,524)
Slide 10: Free cash flow reconciliation
Description Q3-14 Net cash provided by operating activities $3,012 Less capital expenditures (830) Free cash flow $2,182 Net cash used in investing activities $(830) Net cash used in financing activities $ (4,547) Note: Since we cannot predict the valuation of the warrant liability and the conversio
Slide 11: Balance sheet summary
$ in Millions Q3-13 Q4-13 Q1-14 Q2-14 Q3-14 Assets Cash & marketable debt securities $ 4.8 $ 5.1 $ 3.7 $ 6.7 $ 4.3 Accounts receivable, net 14.9 17.3 18.2 12.8 8.1 Total Assets 51.4 51.6 50.7 47.7 40.1 Liabilities and Equity Total Debt 13.1 13.2 14.0 13.6 9.2 Total Liabilities 29.7 31.3 33.1 31.2 24
Slide 12: FY-2014 guidance
$ in Millions FY-2014 Total Revenue $87M – 90M Adjusted EBITDA $2.0M – 2.4M Per Diluted Share $0.09-$0.10 Diluted Weighted Avg. Shares 23,500 Projected as of November 12, 2014 Note: Since we cannot predict the valuation of the warrant liability and the conversion option liability, we cannot reasonab
Slide 13: Note on non-GAAP financial measures
This press release includes the non-GAAP financial measures of “Adjusted EBITDA” and “free A limitation of non-GAAP Adjusted EBITDA is that it excludes items that often have a material cash flow.” Adjusted EBITDA is defined as net income (loss) excluding: provision for income effect on the company’s
Slide 14: Contact
Fred Thiel Ken Cragun Chairman & CEO CFO fred@local.com kcragun@local.com Local Corporation | 7555 Irvine Center Drive | Irvine CA 92618 | 949.784.0800 | www.localcorporation.com Quarterly earnings summary: Q3 2014 14