NEW YORK, NY -- (Marketwired) -- 05/23/14 -- LiveDeal, Inc. (NASDAQ: LIVE) released its Quarterly numbers this week from the period ending March 31, 2014, and while much of what was presented had to be expected from a company that is growing predominantly in a new direction, there was good news in the 22 percent revenue increase, the dramatic 70 percent improvement in losses, and a strong cash position and access to cash that should allow for continued growth.
LiveDeal's main focus is now squarely on competing in the online/mobile deal space and building a framework for success around its real-time and instant offers platform, www.livedeal.com. According to the numbers, LiveDeal has a current cash position of almost $10 million which should help greatly with the company's expected growth through acquisition.
After entering the instant deal space late in 2013 with the launch of its geo-location based mobile marketing platform that enables restaurants to publish "real-time" and "instant offers" to nearby consumers, LiveDeal expanded into the goods and services industry by acquiring and already established online goods deal platform. The company's CEO seems confident that LiveDeal can be a leader in the space with continued expansion.
Jon Isaac said in this week's release, "What we believe separates LiveDeal from others in the industry is that we are focused on creating an ongoing, long-term stainable revenue stream that will position us to be an industry leader in the instant deal space."
LiveDeal is offering merchants free subscriptions to join the site giving up a small amount of short term revenue in order to attract long term, quality subscribers, with the intent to ultimately establish a long-term sustainable revenue model.
The CEO added, "With LiveDeal's long-term philosophy we believe we can increase the number of merchant subscribers to our database, enabling us to aggressively build our database and then begin to market our sites as an advertising medium, similar to the strategy followed by Groupon and Facebook."
And, while the process may be frustrating to those investors who want to grow from nothing to Groupon-sized overnight, it seems LiveDeal has embarked upon a methodical plan that has its numbers drastically improving, a platform growing quickly, an expansion into other verticals, and cutting losses so deep that they should soon turn into profits.
About Stock Market Media Group
SMMG is a Research and Content Development IR firm offering a platform for corporate stories to unfold in the media with Reports, Interviews and Articles. This article is SMMG's opinion and was written based upon publicly available information. LiveDeal hasn't endorsed or compensated SMMG for this article. SMMG is compensated for LiveDeal content by a third party who reserves the right to buy, sell or remain neutral on securities after the publication of this article. SMMG has received total compensation of $50,880 for LiveDeal content. For information visit: www.stockmarketmediagroup.com.
Contact:
Stock Market Media Group
Email Contact
Source: LiveDeal, Inc.
Released May 23, 2014