SNAP Interactive, Inc. (STVI.OB) Reports Financial Results for Second Quarter 2009
SNAP Interactive, Inc., a leading provider of online dating applications for social networking websites, today announced its operating results for the quarter ended June 30, 2009. Revenues for the quarter totaled $784,242, as compared to $533,257 in Q2 2008, a 47% year-over-year increase. Net income for the three months ended June 30, 2009 was $46,430 versus net income of $144,862 for the three months ended June 30, 2008, a 68% decrease. "We are excited to report our sixth consecutive quarter of operational profit," stated SNAP President & CEO Clifford Lerner. "We were able to maintain profitability while continuing to focus…