SMTP, Inc. (SMTP) Posts FY2012 Financial Results, Names New Members to Operations Team
SMTP, a provider of cloud-based services to facilitate e-mail deliverability, has announced financial results for the year ended December 31, 2012, as well as announced the appointment of new members to a three-member oversight committee. Total revenues for the year were $5.3 million, an increase of 25.1 percent compared to revenue of $4.3 million reported in the year ago period. The company attributes the revenue growth primarily to its growing client base and an increase in the average monthly fee to $70. Gross profit increased 17.1 percent to $4.1 million in 2012, compared to gross profit of $3.5 million in…