SNAP Interactive, Inc. (STVI.OB) Reports 2008 Financial Results
Before the opening bell today, SNAP Interactive, Inc. reported its operating results for the fourth quarter of 2008 as well as the full year. Revenue increased dramatically from $389,181 for the fourth quarter of 2007 to $1,087,144 for the fourth quarter of 2008, a 179% increase. For the full year, revenue increased from $424,564 in 2007 to an astounding $3,011,627 for 2008, a 609% increase. Net Income also improved substantially, going from a loss of $914,997 for 2007 to income of $796,960 for 2008. Based on the weighted average number of shares outstanding during the period, SNAP reported net income…