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.

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