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 Technology Stocks: Groupon, Inc.  
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GRPN 7.42-2.8%Apr 23 5:20 PM EDTNews
Groupon, Inc., which describes itself as “a local e-commerce marketplace that connects merchants to consumers by offering goods and services at a discount,” has filed a registration statement.




Company website: groupon.com 

SEC filings: sec.gov 

From the Company’s S-1, filed June 2, 2011:

Groupon is a local e-commerce marketplace that connects merchants to consumers by offering goods and services at a discount. Traditionally, local merchants have tried to reach consumers and generate sales through a variety of methods, including the yellow pages, direct mail, newspaper, radio, television and online advertisements, promotions and the occasional guy dancing on a street corner in a gorilla suit. By bringing the brick and mortar world of local commerce onto the internet, Groupon is creating a new way for local merchants to attract customers and sell goods and services. We provide consumers with savings and help them discover what to do, eat, see and buy in the places where they live and work.

We started Groupon in November 2008 and believe the growth of our business demonstrates the power of our solution and the size of our market opportunity:

• We increased our revenue from $3.3 million in the second quarter of 2009 to $644.7 million in the first quarter of 2011.

• We expanded from five North American markets as of June 30, 2009 to 175 North American markets and 43 countries as of March 31, 2011.

• We increased our subscriber base from 152,203 as of June 30, 2009 to 83.1 million as of March 31, 2011.

• We increased the number of merchants featured in our marketplace from 212 in the second quarter of 2009 to 56,781 in the first quarter of 2011.

• We sold 116,231 Groupons in the second quarter of 2009 compared to 28.1 million Groupons in the first quarter of 2011.

• We grew from 37 employees as of June 30, 2009 to 7,107 employees as of March 31, 2011.

Each day we email our subscribers discounted offers for goods and services that are targeted by location and personal preferences. Consumers also access our deals directly through our websites and mobile applications. A typical deal might offer a $20 Groupon that can be redeemed for $40 in value at a restaurant, spa, yoga studio, car wash or other local merchant. Customers purchase Groupons from us and redeem them with our merchants. Our revenue is the purchase price paid by the customer for the Groupon. Our gross profit is the amount of revenue we retain after paying an agreed upon percentage of the purchase price to the featured merchant.

Underwriters: Morgan Stanley, Goldman Sachs & Co. and Credit Suisse

Estimated gross proceeds (preliminary): $750,000,000

Stock symbol: GRPN

Revenue
Three months ended March 31, 2011: $644,728,000
Three months ended March 31, 2010: $44,246,000
Year ending December 31, 2010: $713,365,000
Year ending December 31, 2009: $30,741,000
Year ending December 31, 2008: $94,000

Operating profits (loss)
Three months ended March 31, 2011: ($117,148,000)
Three months ended March 31, 2010: $8,571,000
Year ending December 31, 2010: ($420,344,000)
Year ending December 31, 2009: ($1,077,000)
Year ending December 31, 2008: ($1,632,000)

Net income (loss)
Three months ended March 31, 2011: ($146,480,000)
Three months ended March 31, 2010: $8,028,000
Year ending December 31, 2010: ($456,320,000)
Year ending December 31, 2009: ($6,916,000)
Year ending December 31, 2008: ($2,158,000)

Adjusted CSOI
Three months ended March 31, 2011: $6,978,000
Three months ended March 31, 2010: $12,034,000
Year ending December 31, 2010: $60,553,000
Year ending December 31, 2009: $3,484,000
Year ending December 31, 2008: ($1,446,000)

CSOI, also known as “adjusted consolidated segment operating income (ACSOI)," is a highly imaginative and suspect yardstick that Groupon recommends investors use to determine how it is performing. It is essentially operating profit minus the company’s large online marketing and acquisition expenses.
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411seekingalpha.com  So now what? Based on the more conservative estimates,The Ox-03/26/2014 10:15 AM
410GRPN - going nowhere the past 3 weeks. No surprise after the huge down move. MThe Ox-03/17/2014 04:00 PM
409COUP got priced at $16, valuing the company at $1.2 billion. Way overpriced. Glenn Petersen103/07/2014 08:02 AM
408seekingalpha.com  Should You Avoid Coupons.com's IPO And Buy UndervaluThe Ox-03/06/2014 04:29 PM
407I say add on any weakness. :) One analyst describes Groupon as "Food stampzax-02/27/2014 11:02 AM
406Zack's says stay away, DB says add on weakness.... Deutsche Bank reiteratedThe Ox-02/27/2014 10:42 AM
405Zacks says stay away from GRPN seekingalpha.com  The Ox-02/24/2014 02:05 PM
404Fair enough. I stated before that I think GRPN is more of a story for a year orThe Ox-02/24/2014 01:05 PM
403Their base model, the "groupon" is so very different than a coupon. ThRyan Bartholomew-02/24/2014 12:41 PM
402No, not completely. I look at both the chart and the underlying fundamentals. The Ox102/24/2014 12:15 PM
401Your view is from the technical/chartist standpoint, but I'm looking at justRyan Bartholomew-02/24/2014 11:58 AM
400GRPN reminds me of ZNGA back in August of last year. The short history is that The Ox-02/24/2014 11:07 AM
399Be careful. Groupon is trying to continue growth by increasing their presence inRyan Bartholomew-02/22/2014 07:59 PM
398 Groupon: Time for GRPN Stock to Seek a Buyer? The turnaround has proven tougrichardred-02/22/2014 10:34 AM
397Volume just crossed 100 million shares traded, so there's a lot of money chaThe Ox-02/21/2014 01:35 PM
396“Fourth quarter results were another reminder that turnarounds take time,” blogGlenn Petersen-02/21/2014 12:29 PM
395You might be a little early but I think this is way overdone. Price to sales noThe Ox-02/21/2014 12:12 PM
394I greatly increased my position this morning in GRPN at $8.38. I'm a believzax-02/21/2014 12:05 PM
393Wells Fargo maintained an Outperform rating on Groupon, Inc. (NASDAQ: GRPN) andThe Ox-02/21/2014 10:38 AM
392I should add my view which is I think this is typical of analysts who wanted EPSThe Ox-02/21/2014 08:39 AM
391Many analysts have downgraded and set targets in the 7 to 9 range. Stifel reiteThe Ox-02/21/2014 08:20 AM
390Groupon Crushes Q4 Estimates, but Mixed Forecast Drags Down Stock By Jason Del Glenn Petersen-02/20/2014 05:34 PM
389Andrew Mason sells big portion of Groupon stake By Ellen HirstTribune reporteGlenn Petersen-02/14/2014 08:39 PM
388GRPN has done a good job of diversifying its business model away from its singulGlenn Petersen-01/14/2014 10:58 AM
387LOL, Groupon is a winner. They offer some pretty incredible deals, have a very zax-01/14/2014 10:54 AM
386The Expiring Value of LivingSocial By Megan McArdle Bloomberg Jan 10, 2014 4:Glenn Petersen-01/14/2014 10:34 AM
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