Fort Lauderdale, FL -- (ReleaseWire) -- 05/23/2012 -- SMTP, Inc. (OTC.BB: SMPT.OB) a global email marketing and delivery provider has been selected as a Microcap Leader under the Technology category by Wall-Street.com. SMPT has been selected to be showcased as a Microcap Leader under the Technology category at www-Wall-Street.com based upon the potential of the company, management’s track record and strong forward-looking statements.
SMTP is a leading provider of cloud-based services to facilitate email deliverability, including bulk and transactional sending, reputation management, compliance auditing, abuse processing and issue resolutions. SMTP is an independent service provider exclusively focused upon the execution of email delivery for applications in marketing and enterprise web applications requiring bulk email or high volume transactional email delivery. Founded 12 years ago, the firm has over 10,000 customers worldwide, ranging from small businesses to large Fortune 500 companies.
SMPT’s service options include dedicated servers or shared servers depending upon application and service level requirements. Their platform architecture is distributed across multiple data centers for redundancy, consistency and reliability. With a focus on customer service and consultation, they offer a seasoned support team with the experience to maintain reputation and efficiently resolve ISP concerns. All in all, their size and depth of expertise enables them to provide better delivery results and a higher ROI to their customers across the globe.
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Revenue for the year ended December 31, 2011 was $4.3 million, an increase of more than 56% compared to net revenue of $2.7 million reported in the comparable year ago period. Driving this increase in revenues were increased sales of email marketing services to the Company's international client base and an increase in sales per customer account. Gross profit increased to $3.46 million in 2011 from $2.1 million in 2010, with gross profit margin increasing to 80.8% in 2011, from 76.6% in 2010. Operating expenses in 2011 were approximately $1.9 million as compared to approximately $1.4 million in the corresponding year ended December 31, 2010. While operating expenses on a dollar value did increase, as a percentage of sales, operating expenses were 44.0% in 2011 as compared to 49.5% for the same period in 2010.
Safe Harbor Statement
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continues," "estimates," "projects," "intends," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing new customer offerings, changes in customer order patterns, changes in customer offering mix, continued success in technological advances and delivering technological innovations, delays due to issues with outsourced service providers, and various other factors beyond the Company's control.
For more information, please visit our website at http://www.SMTP.com.
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