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Two weeks ago, we told you regarding the inventory of a company referred to as SNAP Interactive that can make a courting app for Fb along with other interpersonal networks named areyouinterested.

Three weeks back, the stock was buying and selling at 18 cents a share. Two weeks back, it had been investing at $one.20. Now it really is investing at $a couple of.80.

Why?

Due to the fact there’s in fact an actual corporation concealed beneath there!

The company’s income jumped from $1.7 million in Q3 to $two.7 million in Q4, because of robust advancement in app installs. Thanks on the corporation’s subscription accounting, cash flow was even superior.

(Sad to say, the company continues to be acting like a penny-commodity firm and pumping out triumphant press releases before they’ve even assembled their complete personal outcomes, so we do not know nevertheless what the bottom line or harmony sheet seemed like in Q4. But they appeared okay in Q3.)

Dependant on the comments we obtained once we initially wrote about SNAP (see feedback), the main concern with the corporation is the fact that their merchandise feels spammy and, thus, that the huge expansion in “installs” can be a function of individuals having no thought what they are downloading after which it certainly not using it. But the actual fact that no less than some people are having to pay for that product or service would seem encouraging.

If everyone has in fact employed the areyouinterested.com app-and, much better nevertheless, paid out for the services-we’d be grateful if you would share your thoughts beneath.

Inside the meantime, while using stock at $two.80, SNAP’s current market capitalization has jumped to almost $100 million, so the inventory is no longer low-cost. If the corporate’s development price stays this steep, however, the organization’s significance could carry on to leap from right here.

Examine additional: http://www.businessinsider.com/snap-interactive-commodity-soars-stvi-2011-one#ixzz1DJNv43MH

Stop using facebook to get dates, and start using the official facebook of sex and hook up tonight!

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