LookSmart Group Inc. Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2017
August 15, 2017 at 02:20 am IST
Share
LookSmart Group Inc. announced earnings results for the second quarter and six months ended June 30, 2017. Revenues for the second quarter in 2017 grew 89% to $1.6 million from the same period in 2016. Net income was $10,000, which equates to $0.18 per share.
For the six months ended June 30, 2017, revenues grew 100% to $3.7 million and net income was $39,000, which equates to $0.68 per share.
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 GROUP, INC. 
