looksmart ltd (LOOK:NASDAQ CM)
looksmart ltd (LOOK) Snapshot
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Open
$0.72
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Previous Close
$0.67
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Day High
$0.72
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Day Low
$0.72
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52 Week High
08/20/12 - $1.10
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52 Week Low
04/23/13 - $0.62
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Market Cap
12.4M
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Average Volume 10 Days
5.6K
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EPS TTM
$-0.50
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Shares Outstanding
17.3M
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EX-Date
--
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P/E TM
--
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Dividend
--
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Dividend Yield
--
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Related News
looksmart ltd (LOOK) Related Businessweek News
No Related Businessweek News Foundlooksmart ltd (LOOK) Details
LookSmart, Ltd. provides search and display advertising network solutions in the United States, Europe, the Middle East, and Africa. The company offers search advertising customers targeted search via a monitored search advertising distribution network using its AdCenter platform technology, as well as provides advertisers the ability to buy graphical display advertising. It develops, markets, and sells premium and performance search and display advertising products to advertising customers and related advertising agencies through various pricing models tailored to customer requirements. The company, through its Web interface or API, AdCenter, also allows multiple search advertising customers to upload keywords, manage daily budgets, set rates, and view reports, including spend data that is updated hourly; and access keyword suggestions, price and traffic estimates, and online help and frequently asked questions, as well as search advertising customers and related agencies that use third-party or in-house systems to analyze and manage their search campaigns. In addition, it provides a suite of customizable search advertising management tools and solutions for publishers, such as command and control over revenue diversification and growth via the AdCenter; customizable set of services and technology to integrate multiple sources of advertisers; access to a backfill of advertisers to grow their audience, control advertiser relationships, and enhance and optimize the monetization of their sites. The company’s customers include intermediaries who purchase clicks to sell into the affiliate networks of search engine providers; direct advertisers and their agencies whose objective is to obtain conversions or sales from the clicks; and self-service advertisers that sign-up online and pay by credit cards. LookSmart, Ltd. was founded in 1996 and is headquartered in San Francisco, California.
looksmart ltd (LOOK) Key Developments
On May 10, 2013, LookSmart, Ltd. engaged Albert Wong & Co. LLP as the principal accountant to audit the company's financial statements. The decision to change accountants was approved by the Audit Committee of the Board of Directors of the company. On April 26, 2013, in contemplation of the engagement of the New Auditor, the company dismissed Moss Adams LLP, the independent accountant who was previously engaged as the principal accountant to audit the company's financial statements.
LookSmart, Ltd. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. Revenues for the first quarter of 2013 were $2.0 million, down 50.2% year-over-year, from revenue of $4.0 million in the first quarter of 2012, and down 52.4% sequentially, from revenues of $4.2 million in the fourth quarter of 2012. Net loss for the first quarter of 2013 was $1.5 million or $0.08 per diluted share. This compares to a net loss for the first quarter of 2012 of $2.1 million or $0.12 per diluted share. Non-GAAP net loss for the first quarter of 2013 was $1.4 million compared to a non-GAAP net loss of $2.0 million in the first quarter of 2012. Loss from operations was $1.5 million against $2.2 million of prior year period. There were no capital expenditures, including capitalization of internally developed software, in the first quarter of 2013, compared to $0.3 million in the first quarter of 2012, and $0.2 million in the fourth quarter of 2012. Net cash used in operating activities for the three months ended March 31, 2013 was approximately $2.2 million.
LookSmart, Ltd. announced that William O'Kelly was terminated from his positions as the Chief Financial Officer, Senior Vice President Operations.
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Industry Analysis
LOOK
Industry Average
| Valuation | LOOK | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.8x |
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| Price/Book | 0.9x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
Post a JobJobs
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