- Marketing firm ReachLocal (NASDAQ:RLOC) posted a wider loss than expected -- $17.46M -- on revenue that just missed expectations, and guided lower for its first-quarter outlook.
- Breakouts of $109M revenue (down 18% Y/Y) by channel: direct local, $85.2M (down 20% Y/Y); national brands, agencies and resellers, $23.8M (down 12%).
- Revenue by geography: North America, $67.8M (down 20%); International, $41.25M (down 15%).
- For the full year, net loss per share of $1.58 vs. a prior-year net loss of $0.09/share. Full-year revenue in 2014 of $474.92M, down 7.6% from the prior year's $514.1M.
- The company guided for fiscal Q1 revenue of $100M-105M vs. an expected $107.9M, and for adjusted EBITDA of -$5M to $7M vs. an expected -$4.34M. "We face headwinds in the first quarter resulting from the fact that there are two less days relative to the fourth quarter ... and from the significant strengthening of the U.S. dollar."
- The stock sank into the close to finish -4.3% on about double average volume.
- Press release