CAMBRIDGE, MA--(Marketwire - Nov 1, 2012) - SMTP, Inc. (OTCBB: SMTP), a global email marketing and delivery provider, today announced financial results for the third quarter ended September 30, 2012.
"Our services provide small businesses to large Fortune 500 companies, with the ability to increase the deliverability of email with less time, cost and complexity than if they were to handle it themselves," stated Semyon Dukach, Chairman of SMTP, Inc. "In our third quarter, we increased our investment into sales, marketing and technology development and plan additional investment in our fourth quarter of 2012 to achieve continued long-term success."
Revenue for the third quarter of 2012 increased to approximately $1.36 million, up about 20% from approximately $1.13 million in the third quarter of 2011. Gross profit increased to approximately $1.06 million, up about 13.5% from approximately $0.93 million in the third quarter of 2011.
Operating expenses increased to $0.53 million, up about 49.6% from approximately $0.36 million in the third quarter of 2011. We spent more on online advertising, marketing and website support to fuel future growth. We also increased the number of sales and marketing employees and subcontractors.
SMTP reported a pre-tax income of approximately $0.314 million, down about 8.8% from approximately $0.344 million in the third quarter of 2011. The net-income was $0.02 per share.
As of September 30, 2012, the company had 14,707,250 shares outstanding.
ABOUT SMTP, Inc. (OTCBB: SMTP)
SMTP is a leading provider of cloud-based services to facilitate email deliverability, including 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 based in Cambridge, Massachusetts and 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.
For Further Information Contact SMTP, Inc.