LookSmart, Ltd. Reports Revenue Results for the Month and the Fourth Quarter Ended December 31, 2012; Jean-Yves Dexmier to Step Down as Chief Executive Officer as Soon as Practically Possible
January 08, 2013 at 05:12 pm EST
Share
LookSmart, Ltd. reported revenue results for the month and the fourth quarter ended December 31, 2012. For the month, the Company's monthly revenue increased from $1.23 million in June 2012 to approximately $1.36 million, or $44,000 per day, in December 2012.
For the quarter, the company's revenue was approximately $4.1 million, compared to $3.9 million in the third quarter of 2012. Past revenue is not an indication of future performance.
Due to his deteriorating health condition, on January 7, 2013 Dr. Jean-Yves Dexmier informed the Company's Board of Directors of his desire to step down from his position of Chief Executive Officer as soon as practically possible. No timing has been determined for such transition.
LookSmart Group, Inc. operates in a programmatic online advertising ecosystem serving ads that target user queries on partner sites. The Company handles programmatic media buying on both Tier1 (Facebook, Google, Bing and Yahoo) and Tier2 channels (any other site beyond Google, Bing, Facebook and Yahoo). The Company offers search advertising customers targeted search via a monitored search advertising distribution network using its AdCenter platform technology. Its search advertising network includes publishers and search advertising customers, including intermediaries and direct advertising customers and their agencies, as well as self-service customers in the United States and certain other countries. In addition, Looksmart, under its Clickable and Syncapse brands, allows customers to manage paid, owned and earned media by providing a suite of solutions for social media marketers that include publishing, monitoring, data storage, compliance, management, ad placement and analytics.
LookSmart, Ltd. Reports Revenue Results for the Month and the Fourth Quarter Ended December 31, 2012; Jean-Yves Dexmier to Step Down as Chief Executive Officer as Soon as Practically Possible
LOOKSMART GROUP, INC. 
