SEO News
Search

Local.com Releases 4th Quarter 2008 Earnings

johnson-nathania
by , Comments

Local.com has released its fourth quarter 2008 earnings. Their revenue grew 61% year-over-year to $9.6 million. However, they experienced a net loss of $2.2 million, which translates to $0.15 a share.

"We are pleased to report fourth quarter results in line with our prior guidance and forecast a return to strong revenue growth in the first quarter. We are bullish for 2009, projecting approximately $50 million in overall revenue and a return to net income for the entire year," said Heath Clarke, Local.com chairman and CEO. "Despite a challenging economy, we are well positioned and have a balance sheet that will allow us to take advantage of strategic opportunities throughout the year. Our focus is on continued execution in driving sales and organic traffic."

Related Reading:
Google Stock Downgraded to Hold; Local.com Authorizes Stock Repurchase Program
Local Video Ads Come to Local.com


The Original Search Marketing Event is Back!
SES AtlantaSES Denver (Oct 16) offers an intense day of learning all the critical aspects of search engine optimization (SEO) and paid search advertising (PPC). The mission of SES remains the same as it did from the start - to help you master being found on search engines. Early Bird rates available through Sept 12. Register today!

Recommend this story

comments powered by Disqus