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Exhibit 99.01
ReachLocal Reports Fourth Quarter and Fiscal Year 2012 Results
Posts $455.4 Million in 2012 Revenue, 21% Year-over-Year Growth
Delivered $23.6 Million in Adjusted EBITDA, 49% Year-over-Year Growth
Will Announce New Products and Initiatives at Analyst Day on February 21, 2013
(WOODLAND HILLS, CA) February 12, 2013 - ReachLocal, Inc. (NASDAQ:RLOC), a leader in local online marketing solutions for small- and medium-sized businesses (SMBs), today reported financial results for the fourth quarter and fiscal year ended December 31, 2012.
Q4 Year-Over-Year Highlights
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Revenue growth of 20%, highlighted by 47% growth in international markets and 23% growth in the direct local channel |
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International revenue expanded to 30% of revenue, up from 25% in Q4 2011 |
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Adjusted EBITDA grew 23% to $6.4 million, compared to $5.2 million in Q4 2011 |
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Active Advertisers grew 15% to 22,000 and Active Campaigns grew 18% to 32,500 |
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Launched operations directly in Brazil and with a franchise partner in the Czech Republic |
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Repurchased 480,000 shares of stock for $5.6 million |
FY 2012 Highlights
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Revenue growth of 21%, with 49% growth in international markets and 23% growth in the direct local channel |
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Loss from continuing operations of $232,000, compared to a loss of $4.1 million in 2011 and a Net Loss of $232,000, compared to a Net Loss of $10.3 million in 2011 |
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Adjusted EBITDA of $23.6 million, compared to $15.9 million in 2011 |
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Launched operations directly in Asia and Latin America, as well as in Eastern Europe with a franchise partner |
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Non-GAAP net income of $13.0 million, compared to Non-GAAP net income of $9.6 million in 2011 |
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Repurchased 1,116,000 shares of stock for $10.8 million during 2012 and expanded buy-back authorization under which ReachLocal has repurchased 1,985,000 shares for $17.4 million to date |
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Launched new products including ReachRetargeting and the new ReachLocal Mobile App |
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Reachlocal Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2013 10-K Annual Report includes:
Financial Statements, Disclosures and Schedules
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Reachlocal Inc provided additional information to their SEC Filing as exhibits
CIK: 1297336
Form Type: 10-K Annual Report
Accession Number: 0001437749-13-002625
Submitted to the SEC: Mon Mar 11 2013 5:30:08 PM EST
Accepted by the SEC: Mon Mar 11 2013
Period: Monday, December 31, 2012
Industry: Advertising Agencies