LookSmart, Ltd. reported un-audited consolidated earnings results for the third quarter and nine months ended September 30, 2009. Revenues for the third quarter of 2009 were $12.5 million, a 19% decrease from $15.4 million in the third quarter of 2008 and a 5% decrease from $13.2 million in the second quarter of 2009. Net loss for the third quarter of 2009 was $1.9 million, or $0.11 loss per share. This is compared to a net loss for the third quarter of 2008 of $1.7 million, or $0.10 loss per share. Net loss for the second quarter of 2009 was $1.3 million, or $0.08 per share. Loss from continuing operations for the third quarter of 2009 was $2.1 million, which includes $0.3 million of severance expense and $0.2 million of expenses related to the evaluation of strategic growth alternatives or $0.12 basic and diluted loss from continuing operations compared to a loss from continuing operations in the third quarter of 2008 of $1.7 million, which included $0.2 million of severance expense or $0.10 basic and diluted loss from continuing operations of previous year period. Non-GAAP net loss for the third quarter of 2009 was $1.7 million compared to a loss of $1.0 million in the third quarter of 2008. Non-GAAP net loss for the second quarter of 2009 was $0.7 million. Capital expenditures, including capitalization of internally developed software, in the third quarter of 2009 were $0.6 million, compared to $1.2 million in the third quarter of 2008, and $0.4 million in the second quarter of 2009. Net cash used in operating activities for the three months ended September 30, 2009 was $2.2 million. For the nine months ended September 30, 2009, net loss was $5.267 million or $0.31 loss per share on revenue of $ 39.020 million compared to net loss of $2.385 million or $0.13 loss per share on revenue of $50.059 million for the same period last year. Loss from continuing operations was $5.638 million or $0.33 basic and diluted loss from continuing operations compared to loss from continuing operations of $1.937 million or $0.11 basic and diluted loss from continuing operations for the comparable period last year. The company announced the appointment of Jean-Yves Dexmier as the Executive Chairman of the Board of Directors. Dr. Dexmier has served on the company's Board of Directors since 2007 and has served as the Chair of both the Audit and Strategic Direction committees.

LookSmart, Ltd. expected to Report Fiscal Year 2009 Results on March 15, 2010. This event was calculated by Capital IQ (Created on November 2, 2009).

LookSmart, Ltd., Q3 2009 Earnings Call, Nov-02 2009