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January 28, 2005
LookSmart Reports $1.5 Million Loss
LookSmart reports a $1.5 million loss for last quarter, blaming the failure to go after sales in high-margin topics. Next quarter, it expects a loss of $4 to $5 million. More details from ClickZ: LookSmart Details What Went Wrong. The company had warned losses would be greater than predicted and recently reorganized. See the past post LookSmart Reorganizes, Raises Loss Projections for more on that.
Posted by Danny Sullivan on January 28, 2005 9:44 AM
