Interchange Reports Second-Quarter 2006 Results

Revenues increased 7 percent over first-quarter 2006 (or $200,000 better than guidance) to $3.4 million. Local search revenues were $1.7 million for the second quarter, representing growth of 46 percent (or $100,000 better than guidance) versus the previous quarter. The national search distribution network revenues fell to $1.7 million in the second quarter from $2.1 million. The net loss was $3.5 million, which represents an improvement of approximately $300,000 over the first quarter. According to comScore, traffic grew to 8.6 million monthly unique visitors in June, giving Local.com a 5 percent reach of all U.S. internet users. (Source: Interchange )