Snakk boosts annual sales 83 percent, seeks opportunities, acquisitions with new funds

Mon, 03 Jun 2013

By Paul McBeth June 4 (BusinessDesk) - Snakk Media, which aggregates publishers’ ad space on mobile devices and matches it to advertisers’ demand, boosted annual sales 83 percent and is on the prowl for investment opportunities with its new $6.5 million war chest. Sales rose to $3.65 million in the 12 months ended March 31 from $1.99 million a year earlier, the Auckland-based company said in a statement, without disclosing its profitability. Snakk didn’t offer any guidance when it listed in March, saying it wasn’t able to predict “prospecti...

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