Filling the gap

As acouch so correctly called it, LOK reached 0.125 after LOOK faded on low volume in the last couple of trading sessions. I'm back in at .13 settling in for the ride.

Let's look at those numbers again...

LOOKSMART LIMITED 2002-10-25 ASX-SIGNAL-G

HOMEX - Sydney

+++++++++++++++++++++++++
LISTINGS REVENUE GROWS 23%; EBITDA MORE THAN DOUBLES; COMPANY TO
RAISE FULL-YEAR EARNINGS GUIDANCE

LookSmart (Nasdaq: LOOK; ASX: LOK), a global leader in search
marketing, today announced financial results for the third quarter
ended September 30, 2002.

FINANCIAL HIGHLIGHTS:

REVENUE INCREASES TO $23.8M: Revenue for the third quarter grew to
$23.8 million, a 13% increase from $21.0 million in the second
quarter 2002 and a 35% increase from $17.6 million in the third
quarter 2001.

LISTINGS REVENUE GROWS 23%: LookSmart reported continued strong
growth in listings with revenue of $18.7 million, a 23% increase over
$15.2 million in the prior quarter and a 105% increase over $9.1
million in the third quarter 2001. This is the tenth consecutive
quarter that LookSmart has reported double-digit growth in paid
listings, which now represents nearly 80% of total revenue.

SMALL BUSINESS LISTINGS REVENUE RISES 44%: Small business listings
revenue was $2.8 million, an increase of 44% over $2.0 million in the
prior quarter. At the end of the third quarter, LookSmart had more
than 26,000 active, paying small business listings.

PAID CLICKS INCREASE 37%: LookSmart recorded 120 million total paid
clicks for the third quarter, a 37% increase over 87 million in the
prior quarter and a 134% increase over 51 million clicks in the third
quarter 2001.

EBITDA PROFIT MORE THAN DOUBLES: LookSmart's EBITDA profit (earnings
before interest, tax, depreciation, amortization and certain other
items) more than doubled to a record $3.8 million or $0.04 per share,
from $1.8 million or $0.02 per share in the prior quarter and a loss
of ($1.7 million) or ($0.02) per share in the third quarter of 2001.
GAAP net loss for the third quarter was ($0.5 million) or ($0.00) per
share compared to a net loss of ($0.8 million), or ($0.01) per share
in the second quarter, and ($10.2 million) or ($0.11) per share in
the prior year quarter.

CASH GROWS BY $3.0M TO $51.7M: Unrestricted cash and short-term
investments grew by $3.0 million over the prior quarter to $51.7
million as of September 30, 2002. This compares with $2.5 million in
cash generated in the second quarter 2002.


KEY OPERATING METRICS: Q3 '01 Q2 '02 Q3 '02

Paid Clicks (millions) 51 87 120
Average Revenue-per-Click $0.20 $0.19 $0.17
Average Distribution Costs 29% 42% 43%