closed at yearly low on friday

the falls continue and LOOK hit a new yearly low on Friday closing at $3.24 or 64c on the pre split basis.

Very close to retesting its all time low of 56c. (pre split basis)........$2.80 post spilt

i hope punters have exited........

and here are some quick facts.

LookSmart had a net loss of $17.8 million on revenue of $41.4 million for fiscal year 2005. That compares to a net loss of $9.6 million on revenues of $77 million in 2004. Still, to get back to profitability, analyst Matinuzzi estimates the company’s quarterly revenue of $10 million need to get to get closer to $18 million.


LOOK guided for $11m in revenue for Q2 or a 3% growth in revenues over previous quarters.

I think anyone can quickly work out how long it would take to get to $18m at say 5% growth.