The company, a geo-location based mobile marketing platform that allows restaurants to publish real-time offers to customers, announced Thursday that it expects revenues for the quarter ended March 31, 2014 to have increased over the previous quarter, which ended December, 2013.
The company will file its financial report for the latest quarter by May 15, 2014.
Preliminary numbers indicate a gain in top-line revenue compared to the same period in the prior year, the company said.
LiveDeal had a calendar Q4 revenue of $593,000 and a year-ago revenue of $555,000
"I am encouraged by our increased revenues as we finish off the first three months of 2014," LiveDeal CEO, Jon Isaac said.
TheStreet Ratings team rates LIVEDEAL INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate LIVEDEAL INC (LIVE) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. Among the areas we feel are negative, one of the most important has been an overall disappointing return on equity."
Highlights from the analysis by TheStreet Ratings Team goes as follows: