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Looksmart CEO Michael Onghai's Initial Report

Looksmart's Q4 2012 Financial Results have now been posted.

Michael Onghai - Looksmart's Chief Executive Officer says, in today's Report:

"It is our intention to reinvigorate our team, work closer with existing & new partners [&] expand our revenue mix and position our company for profitable revenue growth in the future."

........With operating expenses now down to about $2 million per quarter post 2012 (this estimate does include all cost related to the operating of the Company's data center) and a TAC going forward (my estimate only, of course) of just 20% of all post 2012 comprehensive revenue/income, there's a distinct possibility now that Looksmart CEO Michael Onghai's 'intention of seeing profitable revenue growth in the future', may well come sooner than many could ever imagine.

[Total operating expenses in the fourth quarter of 2012 were $5.1 million and included $2.3 million in impairment of property and equipment & internally developed software & $0.1 million of non-cash, share-based compensation.]

........I'm very confident that the revenue from the Company's Publisher Solutions (of $0.3 million in the fourth quarter of 2012), will increase and that this can come as early as this (just gone) Q1 period, of 2013. (This revenue is net of any TAC, of course.)

............And, that this (the Co's Publisher Solutions revenues) along with an increase in revenues from "the Company's Advertiser Networks" will come from (I expect), the company now .....'working closer with existing and new partners'.

LOOK: $0.8545 Up 0.0045 (+0.53%) 2:40PM EDT

Always, only an opinion.


Disclosure: Long LOOK