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SNAP is the second largest pure-play Facebook app developer that is publicly traded, after Zynga.
SNAP Interactive, Inc. is a leading provider of online dating applications for social networking websites.
They currently have two popular online dating applications on Facebook.com which have nearly 15,000,000 users.
They have also launched 2 applications on Myspace and 2 applications on Hi5. Their applications are called 'Are You Interested', 'Meet New People' and 'Flirt With Me'.
SNAP Interactive also own an online dating website called IamFreeTonight.com.
Their Date Now! and Group Dating/Wingman concepts are designed to overcome the shortcomings of traditional dating sites by allowing members to meet tons of new singles in person with only a few short clicks.
Snap Interactive Featured on Bloomberg TV:
http://www.executiveinterviews.net/players/mini/default.asp?order=U13663
Inside Snaps Inc. Office (pictures)
http://www.businessinsider.com/why-gamers-love-working-for-facebook-dating-app-developer-snap-interactive-2012-1#we-arrived-at-snaps-new-location-on-7th-ave-between-35th-and-36th-streets-1
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From feb. 2012 interview with CEO:
Discussed trends in mobile and social dating
55 million net installs of the AreYouInterested.com application on Facebook® Platform
As of February 14, 2012, AreYouInterested.com is the 4th highest grossing app on iTunes under the category iPhone - U.S. Social Networking.
SNAP is reinventing the AreYouInterested.com application around big data - interest-based matching and social discovery.
As of February 14, 2012, AreYouInterested.com has 6.6 million Monthly Active Users on Facebook, per AppData.com
As of February 2012, 15 percent of AreYouInterested.com logins occur on a mobile device
11 straight quarters of revenue growth
Quarterly revenue increased 98 percent to $5.5 million compared to $2.8 million for the comparable period in 2010 while annual revenue increased 188 percent to $19.2 million compared to $6.6 million for 2010
*** 2011 REVS $19 MILLION ***
CEO PURCHASED 4,250,000 IN DECEMBER 2011
Articles:
http://www.businessinsider.com/oh-snap-the-only-facebook-appmaker-on-the-public-markets-just-reported-its-9th-straight-quarter-of-growth-2011-8
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-http://seekingalpha.com/article/331542-snap-interactive-facebook-s-fast-growing-and-most-undervalued-social-media-company?source=yahoo
SHARE STRUCTURE as of 2012
Outstanding Shares 37,620,000
Float 10,590,000
Web Site
http://www.snap-interactive.com/