ReachLocal (RLOC) Posts Q1 Profit of $0.01/Share

ReachLocal (NASDAQ: RLOC) reported Q4 EPS of $0.01, $0.38 better than the analyst estimate of ($0.37). Revenue for the quarter came in at $88.98 million versus the consensus estimate of $90.14 million.

“Returning the company to Adjusted EBITDA profitability was a stated goal for ReachLocal as we entered 2015 and I’m pleased that we delivered on that goal, both for the fourth quarter and the full year. We continued to demonstrate strong bottom-line performance and reductions in operating expenses, resulting in $4.3 million of Adjusted EBITDA for the fourth quarter,” said Sharon Rowlands, chief executive officer. “While our return to revenue growth is taking longer than expected, we saw improved productivity metrics from our sales force, our subscription revenue is growing and we believe our web partner program will drive further adoption of our ReachEdge marketing automation software in the future.”

For earnings history and earnings-related data on ReachLocal (RLOC) click here.

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