LookSmart (NASDAQ:LOOK) Net Loss Widen in Fourth Quarter

LookSmart, Ltd (NASDAQ:LOOK) announced on Monday that net loss in fiscal fourth-quarter was $3.9 million or $0.23 a share, bigger than $1.8 million or $0.11 a share in a year ago period.

Quarterly net loss comprised a $2.3 million impairment charge of operating assets. Adjusted quarterly net loss was $1.5 million, evaluated against $1.7 million in a year ago.

Revenues for three months period were $4.2 million, low 20.7% from $5.3 million announced a year ago. Gross margin fell to 28% from 45% in earlier year.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Marchex, Inc. (NASDAQ:MCHX) fell -0.24% to settle at $4.20, Local Corporation (NASDAQ:LOCM) moved up +0.59% to end at $1.71 while Inuvo, Inc. (NYSE:INUV) dropped -9.24% to finish at $0.590 on Monday.

LookSmart, Ltd. (NASDAQ:LOOK) last session’s volume of 1,731 shares was surprisingly lower than its average volume of 2,845 shares. The stock after opening at $0.88 hit high price of $0.88 and then closed at $0.854 by scoring +0.53 %.

The liquidity measure in recent quarter results of the company was recorded 4.54 as current ratio and on the other side the debt to equity ratio was 0.02 and long-term debt to equity ratio remained at 0.01. The Company had total cash of $17.62 million at hand and a book value per share as $1.08in the most recent quarter.

The stock’s price volatility was 1.07% for a week and 3.01% for a month as well as price volatility’s Average True Range for 14 days was 0.03 and its beta remained at 1.07.

LOOK generated revenue of $16.79 million in the previous twelve months and earned -$9.01 million. The Company showed a negative -53.65% in the net profit margin as well as in its operating margin which remained at -53.85%. Company’s annual sales growth for the past five years was -10.70%.

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