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ReachLocal Grows Revenues By 47 Percent

socalTECH

Woodland Hills-based ReachLocal , the provider of local online marketing services for small and medium sized businesses, reported its results Tuesday, saying that it had $77.1M The firm reported a net loss of $2.8M, compared with net income of $14.9M in revenues. for the quarter. for the quarter. to $291.5M. to $291.5M.

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ReachLocal Files For IPO

socalTECH

Woodland Hills-based ReachLocal filed for an IPO this morning, saying that it is looking to raise up to $100M. Accoriding to ReachLocal, it had net income of $11.6M Accoriding to ReachLocal, it had net income of $11.6M For 2008, the firm had a net loss of almost $7M on revenues of $146.68M. READ MORE>>.

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This Week in VC with Jim Armstrong of Clearstone

Both Sides of the Table

Hyper-local, flash marketing platform connecting consumers with local business offers; super majority of offers are restaurant and personal services; competitor to Groupon. If this figure is accurate – it’s certainly a very large business even when you look at net revenues. Its net income for the 2009 period is $11.66