LAS VEGAS, May 15, 2013 (GLOBE NEWSWIRE) -- SMTP, Inc. (OTCBB:SMTP), a global email marketing and delivery provider, today announced financial results for the first quarter ended March 31, 2013.
"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 first quarter, we increased revenue, pre-tax income and cash flow from business operations."
Revenue for the first quarter of 2013 increased to approximately $1.37 million, up about 9.8% from approximately $1.25 million in the first quarter of 2012. Gross profit increased to approximately $1.04 million, up about 11% from approximately $0.94 million in the first quarter of 2012.
Excluding non-cash compensation of $0.25 million, operating expenses were $0.42 million, a decrease of about 32% from approximately $0.62 million in the first quarter of 2012.
SMTP reported a pre-tax income of approximately $0.37 million, up about 16% from approximately $0.32 million in the first quarter of 2012. The net-income was $0.02 per share.
Cash provided from operating activities was $422,748 and the company paid shareholders $266,002 in dividends.
As of March 31, 2013, the company had 14,854,498 shares outstanding.
ABOUT SMTP, Inc.
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.
CONTACT: ALENA CHUPRAKOVA SMTP, INC. 877-705-9362 email@example.comSource:SMTP, Inc.