LookSmart Ltd. (LOOK), Monday reported fourth-quarter net loss of $3.9 million or $0.23 per share, wider than $1.8 million or $0.11 per share last year.
Net loss for the recent fourth quarter included an expense for impairment of operating assets of $2.3 million.
Adjusted net loss for the fourth quarter was $1.5 million compared to $1.7 million last year.
Revenues for the fourth quarter were $4.2 million, down 20.7 percent from $5.3 million reported last year.
Gross margin decreased to 28 percent from 45 percent last year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.