While the recent fever for initial public offerings by technology companies has cooled somewhat, SNAP Interactive has remained red-hot.
This parent company of Facebook dating app Are You Interested has reported nine consecutive quarters of revenue growth, and its stock price has skyrocketed more than 600 percent in the past 12 months.
SNAP Interactive said its average revenue multiple (meaning market capitalization divided by run-rate revenues,) was 2.1 as of September 1. Other companies that have gone public or been rumored to be considering IPOs have much higher ratios: Pandora (7.7), Groupon (8.5), Zillow (16.1), LinkedIn (16.6), and Zynga (20.6).
In its most recent financial update, for the second quarter of 2011, SNAP Interactive posted revenue of $4,826,723, up 288 percent from $1,243,082 in the second quarter of 2010, and a net loss of $632,868 versus $68,861 in the year-ago period.
Readers, when do you think tech IPOs will bounce back?