Slide 1: Quarterly Earnings Summary Q1-2015
Quarterly Earnings Summary Q1 - Exhibit 99.2
Slide 2: Forward-looking statements and non-GAAP notice
statements. Those risks and uncertainties are detailed in the company’s filings from time to time with the Securities and Exchange Commission. The information contained in the forward looking statements is provided as of the date first set forth above and the company disclaims any obligation to upda
Slide 3: Q1-15 financial summary
$ in Millions2 Q1-15 Q4-14 Q1-14 GAAP Revenue $ 13.1 $ 16.3 $ 26.2 Adjusted EBITDA $ (2.2) $ 0.2 $ 0.7 Net Loss $ (4.6) $ (0.0) $ (2.8) Diluted Adjusted EBITDA per share $ (0.10) $ 0.01 $ 0.03 Diluted GAAP net loss per share $ (0.20) $ (0.00) $ (0.12) Diluted weighted avg shares used for Adj EBITDA
Slide 4: Local.com
Local.com 106.2 $215 93.4 $199.5 80.0 $180.3 80.4 $178 $189.3 71.6 $203.8 72.6 $201.1 65.5 58.7 $186.4 58.9 $185.9
Slide 5: 21.5 37% 31.9 33.7 32.0 31.0 23.1 20.6 16.6 30% 36% 40% 39% 32%
21.5 37% 31.9 33.7 32.0 31.0 23.1 20.6 16.6 30% 36% 40% 39% 32% 28% 25% 23.4 40%
Slide 6: 8.3 11.6 14.5 16.1 14.8 9.9 6.4 7.8 4.8
8.3 11.6 14.5 16.1 14.8 9.9 6.4 7.8 4.8
Slide 7: Quarterly Revenues by Business Unit
% of Total Revenue by Business Unit 37% 63% 39% 61% 51% 49% Quarterly Revenues by Business Unit $4.8 $8.3 $8.3 $13.2 $11.6 $11.1 $ in Millions Q1-13 Q2-13 Q3-13 Q4-13 Q1-14 Q2-14 Q3-14 Q4-14 Q1-15 Network $ 8.3 $ 11.6 $ 14.5 $ 16.1 $ 14.8 $ 9.9 $ 6.4 $ 7.8 $ 4.8 O&O $ 13.2 $ 11.1 $ 8.9 $ 10.7 $ 11.4
Slide 8: Adjusted EBITDA reconciliation to GAAP net income
Description FY-09 FY-10 FY-11 FY-12 FY-13 FY-14 Q1-15 Adjusted EBITDA $3,041 $13,775 $3,247 $777 $4,533 $2,363 $(2,218) Less interest and other income (expense), net (27) (275) (413) (425) (2,321) (2,183) (3,616) Less provision for income taxes (158) (102) (178) (111) (139) (129) - Less amortization
Slide 9: Balance sheet summary
$ in Millions Q1-14 Q2-14 Q3-14 Q4-14 Q1-15 Assets Cash & marketable debt securities $ 3.7 $ 6.7 $ 4.3 $ 2.4 $ 2.3 Accounts receivable, net 18.2 12.8 8.1 8.4 7.4 Total Assets 50.7 47.7 40.1 38.1 36.8 Liabilities and Equity Total Debt 14.3 12.3 11.3 9.5 10.4 Total Liabilities 32.8 31.2 24.7 22.4 24.7
Slide 10: Note on non-GAAP financial measures
This press release includes the non-GAAP financial measures of “Adjusted EBITDA” and “free cash flow.” Adjusted EBITDA is defined as net income (loss) excluding: provision for income taxes; interest and other income (expense), net; depreciation; amortization; stock based compensation charges; gain o
Slide 11: Contact
Ken Cragun CFO kcragun@local.com Fred Thiel Chairman & CEO fred@local.com Local Corporation | Irvine Center Drive | Irvine CA | 949.784.0800 | www.localcorporation.com