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Reachlocal Inc (RLOC) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2012

Reachlocal Inc

CIK: 1297336

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

 

 

Revenue growth of 20%, highlighted by 47% growth in international markets and 23% growth in the direct local channel

 

International revenue expanded to 30% of revenue, up from 25% in Q4 2011

 

Adjusted EBITDA grew 23% to $6.4 million, compared to $5.2 million in Q4 2011

 

Active Advertisers grew 15% to 22,000 and Active Campaigns grew 18% to 32,500

 

Launched operations directly in Brazil and with a franchise partner in the Czech Republic

 

Repurchased 480,000 shares of stock for $5.6 million

 

 

FY 2012 Highlights

 

 

Revenue growth of 21%, with 49% growth in international markets and 23% growth in the direct local channel

 

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

 

Adjusted EBITDA of $23.6 million, compared to $15.9 million in 2011

 

Launched operations directly in Asia and Latin America, as well as in Eastern Europe with a franchise partner

 

Non-GAAP net income of $13.0 million, compared to Non-GAAP net income of $9.6 million in 2011

 

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

 

Launched new products including ReachRetargeting and the new ReachLocal Mobile App

 

 
 

The following information was filed by Reachlocal Inc on Tuesday, February 12, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Consolidated Balance Sheets
Consolidated Balance Sheets (parentheticals)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income (loss)
Consolidated Statements Of Operations
Consolidated Statements Of Stockholders’ Equity
Accounting Policies, By Policy (policies)
Document And Entity Information
Note 1 - Organization And Description Of Business
Note 10 - Stockholders' Equity
Note 10 - Stockholders' Equity (detail)
Note 10 - Stockholders' Equity (detail) - Number Of Common Stock Reserved For Future Issuances
Note 10 - Stockholders' Equity (tables)
Note 11 - Stock-based Compensation
Note 11 - Stock-based Compensation (detail)
Note 11 - Stock-based Compensation (detail) - Stock Based Compensation Expense, Net Of Capitalization, Included In The Condensed Consolidated Statements Of Operations
Note 11 - Stock-based Compensation (detail) - Summary Of Restricted Stock Awards And Restricted Stock Unit Awards
Note 11 - Stock-based Compensation (detail) - Summary Of Stock Based Compensation
Note 11 - Stock-based Compensation (detail) - Summary Of Stock Option's By Exercise Price Range
Note 11 - Stock-based Compensation (detail) - Summary Of Vested And Unvested Options Activity
Note 11 - Stock-based Compensation (detail) - Weighted Average Assumptions Used To Estimate Fair Value Of Stock Options Granted
Note 11 - Stock-based Compensation (tables)
Note 12 - Income Taxes
Note 12 - Income Taxes (detail)
Note 12 - Income Taxes (detail) - Components Of Income (loss) Domestic And Foreign
Note 12 - Income Taxes (detail) - Components Of Income Tax Provision
Note 12 - Income Taxes (detail) - Deferred Tax Assets And Liabilities
Note 12 - Income Taxes (detail) - Income Tax Rate Reconciliation
Note 12 - Income Taxes (detail) - Summary Of Net Operating Loss Carryforwards
Note 12 - Income Taxes (detail) - Summary Of Unrecognized Tax Benefits
Note 12 - Income Taxes (tables)
Note 13 - 401(k) Plan
Note 14 - Segment Information
Note 14 - Segment Information (detail)
Note 14 - Segment Information (detail) - Revenue And Long Lived Assets By Geographic Area
Note 14 - Segment Information (tables)
Note 15 - Discontinued Operations
Note 15 - Discontinued Operations (detail)
Note 16 - Quarterly Financial Information (unaudited)
Note 16 - Quarterly Financial Information (unaudited) (detail) - Unaudited Quarterly Financial Information
Note 16 - Quarterly Financial Information (unaudited) (tables)
Note 2 - Summary Of Significant Accounting Policies
Note 2 - Summary Of Significant Accounting Policies (detail)
Note 2 - Summary Of Significant Accounting Policies (detail) - Change In Allowance For Doubtful Accounts
Note 2 - Summary Of Significant Accounting Policies (detail) - Estimated Useful Lives
Note 2 - Summary Of Significant Accounting Policies (detail) - Potentially Dilutive Securities
Note 2 - Summary Of Significant Accounting Policies (tables)
Note 3 - Fair Value Of Financial Instruments
Note 3 - Fair Value Of Financial Instruments (detail) - Assets Not Carried At Fair Value
Note 3 - Fair Value Of Financial Instruments (detail) - Basis Of Fair Value Measurement
Note 3 - Fair Value Of Financial Instruments (tables)
Note 4 - Acquisitions
Note 4 - Acquisitions (detail)
Note 4 - Acquisitions (detail) - Estimated Amortization Expense For The Succeeding Three Years
Note 4 - Acquisitions (detail) - Summary Of Fair Value Of Acquired Assets And Liabilities Acquired
Note 4 - Acquisitions (tables)
Note 5 - Property And Equipment
Note 5 - Property And Equipment (detail)
Note 5 - Property And Equipment (detail) - Property And Equipment
Note 5 - Property And Equipment (tables)
Note 6. Software Development Costs
Note 6. Software Development Costs (detail)
Note 6. Software Development Costs (detail) - Capitalized Software Development Costs
Note 6. Software Development Costs (tables)
Note 7. Current Liabilities
Note 7. Current Liabilities (detail) - Accrued Expenses
Note 7. Current Liabilities (detail) - Deferred Revenue And Other Current Liabilities
Note 7. Current Liabilities (tables)
Note 8 - Variable Interest Entities
Note 8 - Variable Interest Entities (detail)
Note 9 - Commitments And Contingencies
Note 9 - Commitments And Contingencies (detail)
Note 9 - Commitments And Contingencies (detail) - Operating Leases Future Minimum Payments
Note 9 - Commitments And Contingencies (tables)
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

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