NASHUA, N.H., March 31, 2014 (GLOBE NEWSWIRE) -- SMTP, Inc. (Nasdaq:SMTP), a global provider of email delivery services, today reported its financial results for the year ended December 31, 2013.
2013 Financial and Operating Highlights
- Revenues for the year ended December 31, 2013 increased to a record $5.8 million, up 7.5 percent from $5.4 million in 2012
- Gross profit increased to $4.7 million, up 10.1 percent from $4.3 million in 2012
- Net income increased to $1.3 million or $0.42 per share, from $1.1 million or $0.37 per share in 2012
Additional Company Highlights
- On January 31, 2014, SMTP up-listed and began trading on The NASDAQ Capital Market
- In February 2014, the Company successfully raised $11.5 million (approximately $10.6 million, net to Company) from a public offering of its common shares at a price of $6.25 per share
"SMTP reported strong financial performance for 2013 as a result of continued customer growth and strategic operational improvements," said Jonathan Strimling, CEO of SMTP. "The past few months have been an exciting time for SMTP, including the successful up-listing of our common stock to NASDAQ in conjunction with an $11.5M secondary offering. We expect the proceeds from the capital raise to be used to support continued growth and to fund potential acquisitions."
About SMTP, Inc.
SMTP is a provider of services to facilitate email delivery, with a focus on marketing email delivery, but also supporting bulk and transactional sending, reputation management, compliance auditing, abuse processing and issue resolution. Our services provide customers with the ability to increase the deliverability of email with less time, cost and complexity than handling it themselves. SMTP, Inc. is a dividend-paying, publicly-traded company headquartered in Nashua, NH, and can be found on the web at http://www.smtp.com.
Safe Harbor Statement
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continues," "estimates," "projects," "intends," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing new customer offerings, changes in customer order patterns, changes in customer offering mix, continued success in technological advances and delivering technological innovations, delays due to issues with outsourced service providers, and various other factors beyond the Company's control.