Local Corporation provided earnings guidance for 2013. The company expects 2013 revenue to be between $93 million and $95 million, which at the mid-point is an increase of 12% compared to the fourth quarter 2012 exit run rate. Adjusted net income for 2013 is expected to be at least $5 million.

Projected 2013 adjusted net income factors include: interest expense of $400,000; income tax provision of $200,000; depreciation expense of $4.5 million; amortization expense of $1.3 million; stock compensation expense of $3.8 million; severance charges of $500,000; warrant revaluation expense and other items are undeterminable, but may be significant non-cash gains or losses.