Snakk Media lifts sales by 58 percent in third quarter, says high kiwi curbed gains

Sun, 02 Mar 2014

By Suze Metherell March 3 (BusinessDesk) – Snakk Media, which matches advertisers with apps and social media, said third-quarter sales rose 58 percent, and would have been even higher if not for the exchange rate with Australia, which accounts for 90 percent of revenue. Sales were $2.3 million, in the three months ended Dec. 31, including more than $1 million for December, the first month it has exceeded that mark, the Auckland-based company said in a statement. That allowed Snakk to record its first quarterly operating profit, $27,000, whic...

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