The Las Vegas-based firm, which operates livedeal.com, a geo-location based mobile marketing platform that enables restaurants to publish "real-time" and "instant offers" to nearby consumers, reported that net revenues increased by 209% compared to the same time period in 2013, to approximately $7.2 million. Analysts estimated about $6.72 million.
Additionally, LiveDeal reported a net loss of 35 cents versus a net loss of 61 cents a year ago, citing operating losses associated with administrative and marketing expenses resulting from the recent acquisition of three businesses, namely DA Stores, DealTicker and Modern Everyday.
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"In 2014 LiveDeal began to make its mark on the industry, demonstrating that both partners and customers truly want their deals 'real time,' and we anticipate continued growth in 2015, including expanding beyond our restaurant base, and evolving into a fully-fledged e-commerce site," CEO Jon Isaac said.
Separately, 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. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, poor profit margins, weak operating cash flow and feeble growth in its earnings per share."