Local Corporation announced unaudited consolidated financial and operating results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of $13,087,000 against $26,180,000 a year ago. Operating loss was $3,532,000 against $1,677,000 a year ago. Loss before income taxes was $4,580,000 against $2,554,000 a year ago. Net loss was 4,580,000 or $0.20 per basic and diluted share against $2,828,000 or $0.12 per basic and diluted share a year ago. Net cash used in operating activities was $1,800,000 against $727,000 a year ago. Capital expenditures was $478,000 against $940,000 a year ago. Adjusted LBITDA was $2,218,000 or $0.10 per diluted share against adjusted EBITDA of $712,000 or $0.03 per diluted share a year ago. The decrease in revenue during the first quarter of the year resulted in a decreased ability to borrow on line of credit.

For the quarter, the company reported overall traffic of 59 million MUV against 72 million MUV a year ago. Organic traffic was 20 million MUV against 17 million MUV a year ago. Mobile traffic was 23 million MUV against 23 million MUV a year ago.