Category: SNAP Interactive

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PeerStream Reports Q3 2018 Results

Posted on November 9, 2018

GLOBE NEWSWIRE – Nov 8 – Total revenue of $6.7M increased 12.8% YOY. Net loss was ~$570K, a $1.4M improvement YOY. Net loss was driven by a $576 thousand impairment loss on digital tokens received by the company in connection with the ProximaX technology services agreement. Judy Krandel, CFO, commented, "Subscription revenue from our video properties was stable YOY, offset by a decline in subscription revenue primarily from dating assets.

PeerStream Q2 ’18 Results

Posted on August 7, 2018

ACCESSWIRE – Aug 6 – Total revenue of $7.4M increased 18.5% YOY due to the company's new business solutions offerings and recognition of revenue from the technology services agreement with ProximaX Limited. Revenue generated from technology services totaled $2.1M. Net loss was ~$1.9M, driven by non-operating losses of ~ $2M from a decrease in the fair value of digital tokens received by the company in connection with the ProximaX technology services agreement. PeerStream Business Solutions provide consulting, services and support related to blockchain technology adoption for corporate clients.

by Donovan Jones
See full article at Seeking Alpha

PeerStream Aims For $5M Uplisting To Nasdaq

Posted on July 30, 2018

SEEKING ALPHA – July 27 – PeerStream has filed to uplist its stock from the OTCQB to Nasdaq in a $5M transaction for selling stockholders. The firm appears to be transitioning to providing blockchain-for-business service offerings. The firm helps business clients understand how to best use blockchain technologies to their benefit. The company was founded in 2005 as Snap Interactive, until a name change on March 8, 2018, and provides digital media streaming solutions.

See all posts on PeerStream (Snap Interactive)

See all posts on PeerStream (Snap Interactive)

Explosive Growth – Essential Reading

Posted on July 10, 2018

OPW – July 10 – Many of you have been around in the industry long enough to follow the 'Are You Interested' and Snap Interactive story. But do you know the inside story? Cliff Lerner is the CEO/Founder, and I think his story is both amazing and insightful. His new book is Explosive Growth and covers his story and guiding principles for growth. Essential reading for anyone in the dating industry. I met up with him in New York at Lexington Brass for brunch a few days ago. He's fascinated with blockchain now, and out of dating. He's going to be traveling the world and making up for lost time. Anyway, pick up his book already, and please leave a stunning review, if you like it. 🙂

Post by Mark Brooks, CEO IDEA

PeerStream Q1 Results: Dating Revenue In Decline

Posted on May 10, 2018

GLOBE NEWSWIRE – May 9 – PeerStream's (f/k/a Snap Interactive) total revenue was $5.7M, down 14.5% YOY and 3.5% down from Q4 2017. The sequential quarterly decline was due to a decline in revenue from dating properties. Subscription revenue was $5.4M, down 12.8%. Net loss from operations was ~$0.8M as compared to a net loss of ~$1M in Q1 2017.

PeerStream Reports 2017 Results

Posted on March 26, 2018

GLOBE NEWSWIRE – Mar 22 – PeerStream's (Snap Interactive) total revenues increased to $24.8M, representing 18.4% YOY growth, driven primarily by the completion of the AVM Merger. Subscription revenues also increased to $22.9M, up 22.8% YOY driven by the completion of the AVM Merger. Net loss from operations was $5.7M which included $815K of one-time expenses primarily related to a terminated merger with LiveXLive Media, and a one-time lease cancellation fee. Adjusted EBITDA was $(1.9)M. In 2017, they company launched a strategy to integrate blockchain into its technology, formed partnerships and advisory relationships to expand technology capabilities, and evaluate strategic M&A, equity and token investments supporting its blockchain strategy. PeerStream announced the development of Backchannel, a secure video messaging app; founded an Innovation Lab to support growth initiatives in the live video markets; completed the launch of Camfrog Live, a new live video streaming entertainment service; andcompleted AVM Merger.

See all posts on PeerStream (formerly Snap Interactive)

Snap Interactive Changes Name To PeerStream

Posted on March 9, 2018

TECH CRUNCH – Mar 9 – Back in 2016 after Snapchat rebranded the company name to Snap to reflect its status as a camera company and more than just Snapchat, Snap Interactive filed a trademark infringement lawsuit to bar the change. It turns out that the lawsuit got quietly dismissed in Dec 2016 when the two settled out of court under confidential terms. And now, Snap Interactive is rebranding, to PeerStream. The company declined to say whether its rebrand was part of the settlement. Despite the lawsuit, Snap Interactive has actually benefited a bit from the mistaken identity: the company's stock shot up 164% in February last year when people mistook it for Snap around the time of the latter company's IPO.

by Ingrid Lunden
The full article was originally published at Tech Crunch, but is no longer available.

See all posts on Snap Interactive

Snap Interactive Blockchain Investors Presentation

Posted on February 2, 2018

SNAP INTERACTIVE – Jan 30 – Snap Interactive, a provider of live video social networking apps building on blockchain, has hosted "Blockchain Investor Evening" in New York. The event brought together investors interested in blockchain and the related investment opportunities. Hosted in partnership with Zacks SCR, the keynote speaker was STVI Blockchain Advisory Board member, Lou Kerner.