Dr. Dexmier continued, "We are pleased that we returned to profitability in 2010, but our revenues fell short of our goal. We have accelerated our revenue growth plan, leveraging our new pricing models, and have taken action to reduce our operating costs by realigning our human capital to better serve our restructured business model. We believe that these steps, in addition to improvements in traffic quality that we made over the course of 2010, will position our business for growth and profitability."Revenues from the Company's Advertiser Network were $9.4 million in the fourth quarter of 2010, a decrease of 21% from $11.9 million in the fourth quarter of 2009 and a decrease of 9% from $10.4 million in the third quarter of 2010. Revenues from the Company's Publisher Solutions were $0.5 million in the fourth quarter of 2010, a decrease of 46% from $0.8 million in the fourth quarter of 2009 and a decrease of 48% from $0.9 million in the third quarter of 2010.
LookSmart Reports Fourth Quarter And Full Year 2010 Results
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