QualityStocks News - SMTP, Inc., Grows Q2 Revs 35%, EPS Higher YoY; Declares $0.015 Dividend

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Company’s solid second-quarter performance demonstrates customer retention and new support programs

We continue to experience healthy growth of both topline revenues and net income.

QualityStocks would like to highlight SMTP, Inc., a publicly traded provider of cloud-based services to facilitate email deliverability, including bulk and transactional sending, reputation management, compliance auditing, abuse processing and issue resolution. The company provides customers with the ability to increase the deliverability of email with less time, cost, and complexity than handling it themselves.

In the company’s news yesterday,

SMTP announced its financial results for the second quarter, reflecting growth on top and bottom lines. The global e-mail marketing and delivery provider also declared a quarterly dividend of $0.015, payable August 31 to shareholders on record as of August 21, 2012.

SMTP’s second quarter 2012 pre-tax income increased to $0.4 million as compared to $0.3 million in the second quarter of 2011. Net income for the second quarter 2012 was $0.2 million, or $0.02 per diluted share, as compared to $0.2 million, or $0.01 per diluted share, in the second quarter 2011.

The company reported that revenue for the second quarter 2012 increased 35.1 percent to $1.3 million, compared to $1.0 million reported for the comparable quarter of the year prior.

Gross profit increased to $1.0 million, up 24.6% from $0.8 million in the second quarter 2011. Operating expenses for the second quarter of 2012 were $0.5 million as compared to $0.4 million in the second quarter 2011.

“We continue to experience healthy growth of both top line revenues and net income. The SMTP brand, combined with our focus on improving e-mail delivery success through expert support, has again proven to be a winning formula for customer retention. During the quarter, we added to our value proposition with new support programs that offer a higher level of personalized service and attention to our larger customer segment, who benefit from a significantly improved customer experience,” Richard Harrison, CEO of SMTP stated in the press release.

SMTP focuses solely on the execution of e-mail delivery for marketing and other companies that deal with bulk e-mail or high volume transactional delivery.

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Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.

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