NASHUA, N.H., Aug. 14, 2014 (GLOBE NEWSWIRE) -- SMTP, Inc. (Nasdaq:SMTP), a global provider of email delivery services, today reported its financial results for the second quarter ended June 30, 2014.
Highlights
- Revenues increased to $1.5 million, up 6% percent year-over-year
- Company announced its ninth consecutive quarterly dividend
- SMTP was added to the Russell MicroCap Index
Management Commentary
"We executed well in the second quarter and strengthened our core operating platform. As a result, SMTP is now well positioned to take advantage of strategic and accretive acquisition opportunities that can accelerate growth, increase sales and enhance our competitive position in the market," said Jonathan Strimling, CEO of SMTP.
"During the quarter, we invested heavily to support M&A activities that will advance our long-term growth strategy. Many of the associated expenses were one-time costs and others will be offset by higher revenues as a result of acquisitions going forward."
Quarterly Summary
For the second quarter ended June 30, 2014, revenues were $1.5 million, up 6% from $1.4 million in the second quarter of 2013. Net income for the second quarter of 2014 was $150,000 or $0.03 per fully diluted share, compared to net income of $380,000, or $0.13 per fully diluted share, for the same period last year.
Gross profit in the second quarter of 2014 was $1.1 million, compared to $1.1 million in the same period last year.
Cash and liquid investments at the end of the second quarter of 2014 were $11.5 million compared to $11.8 million at the end of the first quarter of 2014.
Financial statements and further details regarding the Company's quarterly results are available in the Company's Form 10-Q filed with the Securities and Exchange Commission on August 14, 2014.
Investor Conference Call
SMTP management will host its second quarter 2014 earnings conference call, tomorrow, August 15th at 8:30 a.m. ET. Investors interested in participating on the live call can dial (877) 407-8133 within the U.S. or (201) 689-8040 from abroad. Investors can also access the call online through a listen-only webcast on SMTP's website at http://investors.smtp.com/.
The webcast will be archived on the SMTP investor relations website at http://investors.smtp.com/ for 90 days and a telephonic playback of the conference call will be available by calling (877) 660-6853 within the U.S. and (201) 612-7415 from abroad. The telephonic playback will be available beginning at 10:00 a.m. ET on Friday, August 15, 2014, and continuing through 11:59 p.m. ET on Friday, August 29, 2014. The replay passcode is 13589282.
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.
To download SMTP's investor relations app please visit Apple's App Store for the iPhone and iPad or Google Play for Android mobile devices.
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, those events and factors described by us in Item 1.A "Risk Factors" in the Company's most recent Form 10-K; other risks to which the Company is subject; other factors beyond the Company's control.