• Reduced debt by $4.5M million during Q3/14
• Took cost savings actions during Q4 with expected $2.6M in annual savings
• 7 consecutive quarters of positive adjusted EBITDA
• $4.3M in total cash and $4.3M in debt as of Sept. 30 th
• Announced annual cost savings actions of approximately $2.6M
• Updated 2014 guidance: Revenue $87M - $90M, Adjusted EBITDA $2.0M - $2.4M
• Total revenue of $18.1M, and O&O revenue up 31% y-o-y in Q3/14
• Adjusted EBITDA $407K in Q3/14
• Cash from operating activities of $3.0M in Q3/14
• RKV of $201 Q3/14, up from $180 in Q3/13
Corporate Overview – Q4 2014 Less
Local Corp expect expanding EBITDA Margin from 2014 to 2017
• Expect $2.6M in annual cost savings and improved Adjusted EBITDA profitability
• Increasing revenue on more profitable business lines
• Driving growth without significant incremental cost
• Leveraging existing technology platform, core development team and corporate infrastructure
• Focusing on key initiatives (Realigned organization, Monetizing local audience and growing mobile search)
Corporate Overview – Q4/2014
Total Cash Flow From Operating Activities was with 7.4 million positive in the last half year
Period Ending Sep 30, 2014 Jun 30, 2014
Net Income (1,308) (1,330)
Operating Activities, Cash Flows Provided By or Used In
Depreciation 1,244 1,149
Adjustments To Net Income 430 627
Changes In Accounts Receivables 4,490 5,150
Changes In Liabilities (1,966) (1,321)
Changes In Inventories - - - -
Changes In Other Operating Activities 122 134
Total Cash Flow From Operating Activities 3,012 4,409
Corporate Overview – Q4/2014 Less
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