Reference site Answers.com reported Q3 revenue of $2.2 million, up 19 percent over last year’s $1.85 million. Net loss expanded in the quarter by 65 percent to $1.95 million (.25 per share) from $1.18 million ($.15 per share), as the company saw increased costs in all areas. The company also gave an update on Lexico, the parent company of Dictionary.com, which it is in the process of acquiring for $100 million. Not explicitly mentioned in the release, but the company hopes to finish its acquisition of Lexico by year end, which means its $140 million raise should also logically be done by then. For their own sake, hope they’re right.
Through the first three quarters of the year, Lexico had revenue of $6.2 million, up 24 percent from the prior year’s period. Some highlights:
— WikiAnswers contributed $300,000 during the quarter, up from $177,000 last quarter, with “significantly more” expected during Q4. According to ComScore, (NSDQ: SCOR) WikiAnswers was the second-fastest growing US domain through the first nine months of the year.
— Traffic is regaining ground after this summer’s Google (NSDQ: GOOG) algorithm switch, which caused traffic levels to fall 28 percent. Revenue expected to return to Q1 levels by next quarter.
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