[video] Quick Take: Trulia Anniversary a Happy One
Last quarter, the company reported 77% revenue growth, with consecutive quarters of positive adjusted-EBITDA (earnings before interest, taxes, depreciation and amortization).
The company also completed a secondary offering last spring, in which some of the proceeds were used for its acquisition of Market Leader.
When asked about how higher mortgage rates may affect the company, Flint said that Trulia did very well in the downturn of the housing market.
Now that the market has been rebounding over the past 18 months or so, business has been even better.
He added that while mortgage rates continue to tick higher, they are still near historically low levels, which should bode well for continued growth.
Although the stock is pricey at 17 times sales, it's cheaper than its competitor Zillow
Flint concluded that the U.S. housing market is the biggest in the world and that the opportunities are vast. Investors are starting to understand that, and with 50,000 paying subscribers and 35 million unique monthly visitors, Trulia should continue to benefits from an improving market.
-- Written by Bret Kenwell in Petoskey, Mich.