Boston, MA 05/23/2014 (wallstreetpr) – LiveDeal Inc (NASDAQ:LIVE) is a provider of instant offers and real-time deals online and on mobile. The company’s growth is compelling by most measures, and Wall Street has often cited the same. This week it was the company’s topmost executive who spared no effort to talk about the direction the company has taken and what it dreams to be in the future.
The company grows organically and through acquisitions. The company’s growth strategy has seen it improve its financial performance drastically while also diversifying into new markets.
The CEO speaks
According to LiveDeal Inc (NASDAQ:LIVE) CEO Jon Isaac, the company’s long-term strategy is to increase the number of merchant subscribers to enrich its database so that it can later begin marketing itself as an advertisement medium. The CEO said the philosophy is similar to the strategy that propelled Facebook Inc (NASDAQ:FB) to its present level.
Facebook first grew its numbers and hit a critical user-base before it began to market itself as an advertisement platform. The social media giant continues to attract more users and advertisers to its network through new product launches.
LiveDeal Inc (NASDAQ:LIVE) believes that following the same script will see it through massive success before long.
Encouraging performance
The company, this week, released its financial results for the three months to March 31, which showed significant improvement from a year earlier. Revenue in the latest quarter increased 22 percent over the same period last year. Although the company reported a loss, its bottom-line improved by 70 percent on a year-over-year basis.
As if that was not enough, the company reported significant improvement in its cash position. It ended the latest quarter with about $9.6 million in cash, against $1.3 million cash in the same quarter last year.
Growth booster
In view of the big cash hoard in the company, the CEO said the company is well-positioned to fund its acquisitions without necessary turning to debts. In addition to the real-time restaurant deals that the company is already providing successfully, LiveDeal Inc (NASDAQ:LIVE) intends to expand into goods and services offering on its platforms as it seeks to attract higher revenue and profits.
