SNAP Interactive (OTCBB: STVI) Closed at $0.75. Announced Friday that the Company was the subject of a feature article on Knobias.com.
As excerpted from the article: The Company has already become profitable despite an early focus on user growth ahead of monetization. Its revenues have increased for each of the past five quarters while its operating costs remain low. SNAP reported $533,257 in revenue for the quarter ended June 30, 2008. The Company has issued revenue guidance for Q3 of $870,000, a 63% quarterly increase over Q2.Clifford Lerner, Chairman and CEO of SNAP Interactive, explained to Knobias, "We have a total of 17 million installations and about 1.4 million visits a day to its applications. About 14-15 million of the 17 million users are currently on Facebook, so a major opportunity for growth exists on the other social networks."
SNAP is also exploring other opportunities that exist in mobile industry with the emergence of the iPhone, Blackberry and Android. There are very few companies that have the ability to build a critical mass of users on a mobile dating application. The Company is in a good position with its 17 million users that have all come from social networks and are a younger demographic that would use these applications.
What They Do: SNAP Interactive, Inc. is a leading provider of online dating applications for social networking websites. SNAP has developed two dating applications built on Facebook® Platform which have in excess of 15 million installations, and has also launched dating applications on MySpace Developer Platform & Hi5 Developer Platform. Our applications are called 'Are You Interested,' 'Meet New People,' and 'Flirt With Me.'
How They Trade: STVI has a 52 week high of $2.65 and a 52 week low of $1.09.
Sunovia Energy Technologies (OTCBB: SUNV) Closed at $0.52. Announced Friday after market close. that they and EPIR Technologies, Inc. had a successful demonstration of optical down-conversion for increased solar cell energy efficiency. Optical down-conversion enhances solar cell efficiency by converting the sun's ultraviolet (UV) light into visible light which can be used more effectively by the solar cell. Therefore, with optical down-conversion, much of the energy from UV light which was wasted can now be converted into electricity, making the overall solar cell system more energy efficient. Optical down-conversion is a major advancement in the race to maximize solar cell efficiency and will play a unique role in the commercialization of the companies' high-efficiency solar cells.
What They Do: Sunovia Energy Technologies is a Sarasota, FL-based renewable energy and energy conservation company that is commercializing advanced, cost-effective cadmium telluride (CdTe) solar cell and infrared technologies. Sunovia is also the owner of the EvoLucia(TM) line of energy-efficient lighting products.
How They Trade: SUNV has a 52 week high of $9.00 and a 52 week low of $0.18.
Stock-Trak Group (OTCBB: STKG) Closed at $0.03. Announced Friday after market close its financial results for the third quarter and nine months ended September 30, 2008.
For the third quarter of 2008, the Company reported revenues of $1,155,594 versus $742,816 for the third quarter 2007, an increase of approximately 56 percent. The Company's gross profit was $767,743, a 41 percent increase compared to $542,696 for the same period a year earlier. The Company showed a net loss of $993,177, down from $2,256,162 a year ago The Company's net loss before interest and non-cash items for the third quarter of 2008 amounted to approximately $729,728. Stock-Trak's net cash position decreased by $489,191 during the quarter while net cash used in operations was $470,774 compared to $617,351 for the same period a year earlier. The Company ended the quarter with $1,708,302 in cash or cash equivalents versus $543,279 a year ago.For the nine months ended September 30, 2008 revenues increased approximately 82 percent to $3,471,157 compared to $1,909,530 a year ago, while gross profit increased 87 percent to $2,698,880 versus $1,441,498 in 2007. The Company experienced a decline in its net loss for the nine month period of 60 percent, decreasing to $3,072,298 versus $7,759,983 for the comparable 2007 reporting period. The Company's net loss before interest and non-cash items amounted to $1,864,996.
What They Do: Stock-Trak Group, Inc. is a leading global provider of web-based stock market simulation and training products. Through its wholly owned subsidiary, Stock-Trak, Stock-Trak Group targets the academic and financial services markets with proprietary stock market simulation and training tools.
How They Trade: STKG has a 52 week high of $0.90 and a 52 week low of $0.03.
Argyle Security (OTCBB: ARGL) Announced Friday after market close financial results for the three and nine months ended September 30, 2008.
Revenues and gross profit for the third quarter of 2008 were $31.7 million and $3.5 million, respectively, compared to $17.1 million of revenues and $3.7 million of gross profit in the third quarter of 2007, which reflected two months of operations. The operating loss was ($20.3) million for the three months ended September 30, 2008 (including the $16.9 million non-cash goodwill impairment charge), compared to an operating income of $46,000 for the three months ended September 30, 2007. Argyle's net loss for the three months ended September 30, 2008 was ($18.4) million, or ($3.19) per share (basic and diluted) (including the $16.9 million non-cash goodwill impairment charge), compared to a net loss of ($116,000), or ($0.02) per share (basic and diluted), in the third quarter of 2007.
What They Do: Formed in 2005 and headquartered in San Antonio, TX, Argyle's goal is to become a leading global provider of services and solutions in the physical electronic security industry through an integrated buildup strategy. In July 2007, Argyle acquired ISI Security Group, Inc. In February 2008, Argyle created Argyle Security USA, which encompasses ISI Security Group's operations in both the corrections and commercial sectors, also including the assets and operations acquired as a result of the PDI, Com-Tec and Fire Quest acquisitions during 2008.
How They Trade: ARGL has a 52 week high of $7.95 and a 52 week low of $0.90.
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