LOOP LoopNet, Inc. featured news, full reports, and detailed charts
LoopNet, Inc. (LOOP) Wrap Up:
LoopNet, Inc. (the Company or LoopNet) was incorporated under the laws of the state of California on June 2, 1997, and is now organized as a Delaware corporation. We believe we are the leading online marketplace for commercial real estate in the United States, based on the number of monthly unique visitors to our marketplace, which averaged approximately 500,000 unique users per month during 2005, approximately 800,000 during 2006 and approximately 900,000 during 2007, as reported by comScore Media Metrix. comScore Media Metrix defines a unique visitor as an individual who visited any content of a website, a category, a channel, or an application. Our online marketplace, available at www.LoopNet. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f04%2f0000950134-08-004048.html#FIS_BUSINESS"LoopNet, Inc. (LOOP:NASDAQ)
Snapshot of LoopNet, Inc. (LOOP)
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OPEN
$10.00
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PREVIOUS CLOSE
$10.14
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DAY HIGH
$10.17
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DAY LOW
$9.88
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52 WEEK HIGH
11/17/09 - $10.40
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52 WEEK LOW
11/21/08 - $4.75
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MARKET CAP
350.6M
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AVERAGE VOLUME 3 mo
209.7K
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DILUTED EPS TTM
$0.32
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SHARES OUTSTANDING
34.5M
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LOOP Does Not Pay Dividends
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P/E TTM
31.5x
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Executives, Board Directors
Key developments for LoopNet, Inc. (LOOP)
LoopNet Inc. announced unaudited consolidated financial results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported revenue of 2009 was $18.8 million, compared to $22.4 million in the third quarter of 2008. Net income applicable to common stockholders was $3.7 million or $0.09 per diluted share, compared to $4.8 million or $0.13 per diluted share in the third quarter of 2008. Income from operations was $7.3 million compared to $5.09 million for the same period a year ago. Income before tax was $7.7 million compared to $5.1 million for the same period a year ago. Non-GAAP net income (net income excluding stock-based compensation and litigation related costs) for the third quarter of 2009 was $5.3 million or $0.12 per diluted share, compared to $6.4 million or $0.17 per diluted share in the third quarter of 2008. Adjusted EBITDA (earnings before interest, tax, depreciation, amortization, stock-based compensation and litigation related costs) for the third quarter of 2009 was $7.8 million, compared to $10.4 million in the third quarter of 2008. The company has reported Adjusted EBITDA because management uses it to monitor and assess the company's performance and believes it is helpful to investors in understanding the company's business. For the nine months, the company reported an income from operations was $21.8 million, income before tax of $23.7 million, net income of $14.2 million or $0.38 per diluted share on the revenue of $65.0 million compared to the income from operations was $12.9 million, income before tax of $13.1 million, net income of $8.45 million and net income applicable to common stockholders of $8.3 million or $0.19 per diluted share on the revenue of $58.1 million for the same period a year ago. Adjusted EBITDA was $30.4 million against $24.4 million for the same period a year ago. Non-GAAP net income was $18.5 million compared to $14.6 million for the same period a year ago. Diluted non-GAAP net income per share was $0.49 compared to $0.34 for the same period a year ago. Net cash provided by operating activities was $19.5 million compared to $14.7 million for the same period a year ago. The company spent $1.0 million on purchase of property and equipment compared to $1.4 million for the same period a year ago. Based on current visibility, the company expects revenue for the quarter ending December 31, 2009 to be in the range of $17.7 to $17.9 million, Adjusted EBITDA to be in the range of $6.7 to $6.9 million and non-GAAP net income to be in the range of $0.08 to $0.09 per diluted share, assuming an effective tax rate of approximately 40%. The company expects stock-based compensation to be approximately $0.03 per share (net of tax benefit) in the quarter ending December 31, 2009.
LoopNet, Inc. expected to Report Fiscal Year 2009 Results on February 8, 2010. This event was calculated by Capital IQ (Created on October 28, 2009).
LoopNet, Inc., Q3 2009 Earnings Call, Oct 28 2009
LOOP Competitors
| Company | Last | Change |
| CoStar Group Inc | $40.47 USD | -0.13 |
| eBay Inc | $22.79 USD | -0.40 |
| Halberd Corp | $0.04 USD | 0.00 |
| Reis Inc | $6.34 USD | +0.09 |
| Yahoo! Inc | $15.38 USD | -0.23 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | LOOP | Industry Range |
| Price/Earnings | 33.6x |
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| Price/Sales | 5.4x |
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| Price/Book | 3.3x |
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| Price/Cash Flow | 28.0x |
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| TEV/Sales | 2.2x |
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LOOP transactions
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| No transactions in the last 6 months. | ||
More Recent News About LoopNet, Inc.
More news for LOOP
LoopNet Third Quarter 2009 Earnings Call scheduled for 4:30 pm ET today
Call DetailsLoopNet Third Quarter 2009 Earnings CallWed, Oct 28, 2009, 4:30 pm EasternAbout LoopNet, Inc. (NasdaqGS:LOOP)LoopNet, Inc. operates an online marketplace for commercial real estate in the United States. The company’s online marketplace, LoopNet.com enables commercial real estate agents working on behalf of property owners and landlords to list properties for sale or for lease by submitting detailed property listing information, including descriptions, financial and tenant information, photographs, and property characteristics in order to find a buyer or tenant. As of December 31, 2008, the LoopNet online marketplace contained approximately 652,000 listings. It also operates BizBuySell, an online marketplace for operating businesses for sale, which contained approximately 49,000 listings of operating businesses for sale. In addition, the company provides LoopLink, an online real estate marketing and database services suite to commercial real estate firms that enables them to showcase their available properties both on the LoopNet marketplace and on the brokerage firm’s own Web site using the company’s hosted search software. Further, it provides RecentSales, a nationwide database of recent commercial real estate transactions collected from sales initiated through its online marketplace and from third party information providers, as well as operates LandAndFarm.com. The company was formerly known as Loop Ventures, Inc. and changed its name to LoopNet, Inc. in November 1998. LoopNet was incorporated in 1997 and is headquartered in San Francisco, California.More Info:Quote |Profile |Reports |...Click here to read the whole Article (external link)
LoopNet Inc. Q3 2009 Earnings Call Transcript
LoopNet Inc. (LOOP) Q3 2009 Earnings Call October 28, 2009; 4:30 pm ET Executives Rich Boyle - Chairman & Chief Executive Officer Brent Stumme - Chief Financial Officer Derek Brown - Vice President of Investor relations & Corporate Planning Analysts John Blackledge - Credit Suisse Ian Corden - Unidentified Company Andrew Jeffrey - SunTrust Robinson Humphrey Mitchell Bartlett - Craig Hallum Presentation Operator Welcome to the LoopNet Incorporated earnings conference call for the third quarter of 2009. The date of this call is October 28, 2009. This call is the property of LoopNet Incorporated, and any recording, reproduction or transmission of this conference call, without the expressed prior written consent of LoopNet Incorporated is strictly prohibited. This call is being recorded. You may listen to a webcast replay of this call by going to the Investor Relations section of LoopNet’s website. The webcast will be available on the company’s website until October 30, 2009. I would now like to turn the call over to Derek Brown, Vice President of Investor Relations and Corporate Planning; please proceed. Derek Brown Good afternoon. Thank you for joining us to discuss LoopNet Inc’s financial and operating results for the third quarter of 2009. With me today are Rich Boyle, Chief Executive Officer and Chairman; and Brent Stumme, Chief Financial Officer. Today Rich will begin with an overview of the business and overall corporate strategy, continued by a summary of the company’s third quarter performance and review of the marketplace. Brent will review the third quarter financial results and provide fourth quarter 2009 guidance. In coming months LoopNet w...Click here to read the whole Article (external link)
Commercial real estate pros say no recovery until 2011
ONLINE: home | business news | small business | sales & marketing | real estate | events | community | careers | city guide | advertise | about us | rss PRINT: subscribe | renew | advertise | book of lists | business intelligence | view digital edition | ...Click here to read the whole Article (external link)
LOOPNET, INC. Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. You should read the following discussion and analysis by our management of our financial condition and results of operations in conjunction with our consolidated financial statements and the accompanying notes included elsewhere in this Quarterly Report on Form 10-Q. This discussion and other parts of this Quarterly Report on Form 10-Q contain forward-looking statements that involve risks and uncertainties, such as statements of our plans, objectives, expectations and intentions. Our actual results could differ materially from those discussed in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in Item 1A of Part II, "Risk Factors." Overview We are a leading online marketplace for commercial real estate in the United States, based on the number of monthly unique visitors to our marketplace, which averaged approximately 800,000 unique visitors per month during 2006, approximately 900,000 per month during 2007 and 2008, and approximately 1,000,000 per month during the third quarter of 2009 as reported by comScore Media Metrix. comScore Media Metrix defines a unique visitor as an individual who visited any content of a website, a category, a channel, or an application. Our online marketplace, available at www.LoopNet.com, enables commercial real estate agents, working on behalf of property owners and landlords, to list properties for sale or for lease and submit detailed information on property listings including qualitative descriptions, financial and tenant information, photographs and key property characteristics in order to find a buyer or tenant. We offer two types of memberships on the LoopNet online marketplace. Basic membership is available free-of-charge, and enables members to experience some of the benefits of the LoopNet offering, with limited functionality. LoopNet premium memb...Click here to read the whole Article (external link)
LOOPNET, INC. Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue18,795 19,248 20,102 21,055 Cost of Revenue2,670 2,777 2,892 2,864 Gross Profit16,125 16,471 17,210 18,191 Operating ExpensesResearch Development2,833 2,655 2,559 2,427 Selling General and Administrative8,197 10,671 9,944 8,957 Non Recurring - - - - Others - - - - Total Operating Expenses - - - - Operating Income or Loss5,095 3,145 4,707 6,807 Income from Continuing OperationsTotal Other Income/Expenses Net52 95 12 84 Earnings Before Interest And Taxes5,147 3,240 4,719 6,891 Interest Expense - - - - Income Before Tax5,147 3,240 4,719 6,891 Income Tax Expense1,343 1,386 1,930 2,821 Minority Interest - - - - Net Income From Continuing Ops3,804 1,854 2,789 4,070 Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - ...Click here to read the whole Article (external link)
LoopNet: Investment commercial-property sales slip
Investment sales of most commercial property types in metro Denver were down in the third quarter, compared to the same period of 2008, according to a market report from LoopNet Inc. Local real estate investment brokers have expected sales to be down this year because many investors continue to sit on the sidelines, waiting for real estate values to hit bottom. There may be increased activity in this year’s final quarter, though, because year-end is traditionally a prime selling period. Third-quarter sales of office and industrial real estate as well as apartment properties, by volume, dropped year over year, but retail property sales rose. Retail sales were led by GI Partners LLC’s acquisition of 75 percent of the 1.4 million-square-foot FlatIron Crossing mall in Broomfield for $347.3 million from Macerich Co. in August. GI and Macerich (NYSE: MAC) are now joint venture partners in the property. Sales in all those commercial property types were down nationwide in the third period, according to LoopNet’s (NASDAQ: LOOP) market report. San Francisco-based LoopNet, through its LoopNet.com website, is an online commercial real estate listing service. Denver-area retail investment sales highlights for the third quarter include: • $615 million in sales, compared to $438 million for the third period of 2008. • Retail sales, broken down to price per square foot, amounted to $193 in this year’s third period, compared to $205 year over year. • Major sales, besides FlatIron Crossing, included Market at Southpark in Littleton ($22 million), the Best Buy store at 5395 S...Click here to read the whole Article (external link)
Houston commercial sales activity decreases significantly from 2008
ONLINE: home | business news | small business | sales & marketing | real estate | events | community | careers | city guide | advertise | about us | rss PRINT: subscribe | renew | advertise | book of lists | business intelligence | classifieds | view digital edition | ...Click here to read the whole Article (external link)