Snakk Media sales accelerate in 3Q, signals share purchase plan next month

Sun, 24 Mar 2013

March 25 (BusinessDesk) - Snakk Media, the latest brainchild of Hyperfactory co-founder Derek Handley, accelerated sales in the third quarter and is planning to raise new funds from existing shareholders next month. Sales rose to $1.44 million in the three months ended Dec. 31, from $686,000 a year earlier, the Auckland-based company said in a statement. That exceeds the $1.22 million in revenue the mobile advertising company made in the first six months of the financial year. "In less than two short years, Snakk has achieved significant f...

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