HENDERSON, NV / ACCESSWIRE / April 3, 2018 / LookSmart Group Inc. (www.looksmart.com and www.looksmart.net) (OTC PINK: LKST)
filed its annual report on Monday, April 2, 2018. Revenues for the year of 2017 were $6.3 million, about flat compared to 2016. Net
income for the year ending Dec 31, 2017 was $228,000, which equates to $3.93 per share. Net income for the fourth quarter of 2017
were $168,000 or $2.91 per share versus $21,000 or $0.36 per share (post reverse-split which occured in March 2017). Revenues for
the 4th quarter of 2017 were $1.3 million versus $2.6 million from the 4th quarter of 2016.
This release includes additional documents. Select the link(s) below to view.
https://backend.otcmarkets.com/otcapi/company/financial-report/190049/content
The LookSmart Ad network is one of a handful of companies that handle programmatic media buying on both Tier1 (Facebook, Google,
Bing and Yahoo) and Tier2 channels (any other site beyond Google, Bing, Facebook and Yahoo) serving ads that target user queries on
partner sites. As one of the earliest ad tech companies to go public in 1996, LookSmarts portfolio of Tier2 and Tier1 publishers
gives LookSmart a competitive advantage in data.
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 includes publishing,
monitoring, data storage, compliance, management, ad placement and analytics. Clickable, under its own brand name, is the only
platform we know of that can listen from and push to an unlimited number of channels simultaneously. Multinational brands, fast
food and car service franchise chains use our Clickable platform to manage the social media and ratings of thousands of their
franchisees and corporate-owned locations.
LookSmart operates its data aggregation and automation dashboard (DAD) under its Connecqtor
brand. Connecqtor is one of only a handful of platforms that aggregate unlimited data from apps, and emails into your own
familiar spreadsheets to make speedy decisions. Connecqtor also delivers emailed reports or a customizable user interface
workspace. Connecqtors target customers are C-Suite members in any organization - CEOs, CFOs, CMOs and CIOs. We know of no other
platform that can aggregate data and automate the workflow of organizations like Connecqtor.
Forward-Looking Statements
This press release contains "forward-looking statements," including statements related to our expectations with regard to cost
savings and the use of management time. Forward-looking statements may be identified by their use of terms such as "anticipate,"
"believe," "anticipate," "confident," "could," "estimate," "expect," "intend," "may," "plan," "predict," "project," "target,"
"will," and other similar terms. These statements are subject to significant risks and uncertainties, actual results and future
events could differ materially from those projected, and we caution stockholders not to place undue reliance on the forward-looking
statements contained in this press release. Risks and uncertainties exist related to the Company and its business due to a number
of factors, including the statements under "Risk Factors" contained in our periodic reports filed with the SEC. Given these
uncertainties, you should not place undue reliance on these forward-looking statements. We intend these forward-looking statements
to speak only as of the date of this press release and undertake no duty or obligation to update any forward-looking statements
contained in this press release as a result of new information, future events or changes in our expectations, except as required by
law.
Contact:
ir@looksmart.net
SOURCE: LookSmart Group Inc.