Local Corp. (LOCM) Reports Q1 Loss of $0.20/Share; Withdraws FY15 Guidance
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Local Corporation Reports First Quarter 2015 Financial Results
May 15, 2015 7:05 AM EDTIRVINE, Calif.--(BUSINESS WIRE)-- Local Corporation (NASDAQ: LOCM), a local search and advertising technology company, reported the financial results for its first quarter ended Mar. 31, 2015.
As we move forward in 2015, we are focused on execution, said Local Corporation chairman and CEO Fred Thiel. In the first quarter, our revenue per thousand visitors held strong at $186; however, our overall financial results were negatively impacted by several challenges that carried over from the fourth quarter of 2014. We continued to address these issues and to rebuild our traffic, but we have not progressed as quickly as we had... More
