Local.com Releases 4th Quarter 2008 Earnings
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
More about:
The Merkle B2B 2023 Superpowers Index outlines what drives competitive advantage within the business culture and subcultures that are critical to success. It is the indispensable guide for B2B marketers to deliver world-class experiences and keep pace with the dynamic environment. Download Now
The ClicData survey found that various challenges exist that prevent organizations from achieving such gains. These challenges included inaccessible data formats and limited flexibility in displaying data in dashboards. Download Now
The need for fraud prevention in the digital world is critical now more than ever. Why? Thinking about your own behavior, consider how you complete transactions and how this has changed over the last 5 years. Download Now
The need for fraud prevention in the digital world is critical now more than ever. Why? Thinking about your own behavior, consider how you complete transactions and how this has changed over the last 5 years. Download Now