Last $1.59 USD
Change Today +0.08 / 5.30%
Volume 324.5K
MEET On Other Exchanges
Symbol
Exchange
NASDAQ CM
Frankfurt
As of 5:20 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

meetme inc (MEET) Snapshot

Open
$1.53
Previous Close
$1.51
Day High
$1.60
Day Low
$1.50
52 Week High
03/10/14 - $4.39
52 Week Low
12/16/14 - $1.50
Market Cap
71.4M
Average Volume 10 Days
281.1K
EPS TTM
$-0.12
Shares Outstanding
44.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MEETME INC (MEET)

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meetme inc (MEET) Details

MeetMe, Inc., a social media technology company, owns and operates social discovery networking products in the United States. The company makes meeting new people on the Web and on mobile platforms, including on iPhone, Android, iPad, and other tablets, which facilitate interactions among users and encourages users to connect with each other; and monetizes through advertising, virtual currency, and paid subscriptions. The company operates MeetMe.com that provides users with access to an expansive, multilingual menu of resources, which promote social interaction, information sharing, and other topics of interest to users. It also offers online marketing capabilities, which enable marketers to display their advertisements in various formats and in various locations on the Website. The company was formerly known as Quepasa Corporation and changed its name to MeetMe, Inc. in June 2012. MeetMe, Inc. was founded in 1997 and is headquartered in New Hope, Pennsylvania.

117 Employees
Last Reported Date: 03/25/14
Founded in 1997

meetme inc (MEET) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: $250.0K
Chief Financial Officer, Principal Financial ...
Total Annual Compensation: $234.0K
Executive Vice President of Business Affairs ...
Total Annual Compensation: $319.1K
Chief Revenue Officer
Total Annual Compensation: $208.0K
Chief Technology Officer
Total Annual Compensation: $97.9K
Compensation as of Fiscal Year 2013.

meetme inc (MEET) Key Developments

MeetMe Inc. Launches New Virtual Currency Product ‘Stickers’ Inside Chat

MeetMe Inc. has launched a new ‘Stickers’ feature to let users express themselves creatively via chat. Stickers, which are now available on the Android platform, enable the sending of emoticons, expressions (‘lol,’ ‘omg,’ and many more), and virtual gifts like ‘flowers’ and ‘stuffed animals’ inside the chat experience. Stickers help users add more personality to their chats. MeetMe users can download their first two Sticker packs for free and buy additional packs for 150 Credits (approximately USD 3.00), which can be purchased through the Google Play Store or earned by referring friends to MeetMe or completing actions on behalf of advertisers. MeetMe plans to update Stickers frequently with new content, as well as periodically with holiday, seasonal, and other theme-related images.

MeetMe, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2014

MeetMe, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenues of $11,604,724 against $10,073,309 a year ago. Loss from operations was $600 against $1,266,317 a year ago. Income before income taxes was $52,031 against loss before income tax of $1,486,591 a year ago. Net income allocable to common stockholders was $52,031 against net loss allocable to common stockholders of $1,486,591 a year ago. Adjusted EBITDA was $2,180,425 against $695,684 a year ago. Diluted adjusted EBITDA per common shareholders was $0.05 against $0.02 a year ago. The company generated positive cash flow from operations of $467,000, spent $377,000 in the form of capex and used $900,000 of cash to retire debt. For the nine months, the company reported revenues of $31,795,558 against $27,361,901 a year ago. Loss from operations was $4,027,087 against $10,343,126 a year ago. Loss before income tax was $4,809,088 against $10,913,615 a year ago. Net loss allocable to common stockholders was $4,809,088 against $10,913,615 a year ago. Diluted loss per share was $0.12 against $0.29 a year ago. Adjusted EBITDA was $2,420,634 against adjusted LBITDA of $577,696 a year ago. Diluted adjusted EBITDA per common shareholders was $0.05 against diluted adjusted LBITDA per common shareholders of $0.02 a year ago. The company expects fourth quarter revenue to be in the range of $12.7 million to $13.1 million. Excluding the onetime revenue from the fourth quarter of 2013, this would represent a total revenue growth in the range of 2% to 6% year-over-year and 7% to 12% sequentially. For the full year guidance, the company narrowing the previously provided total revenue range of $42 million to $47 million to a range of $44 million to $45 million. Within this guidance range, the company expects a meaningful EBITDA and free cash flow positive for the full year.

MeetMe, Inc. Launches "Boost" Virtual Currency Product in Chat

MeetMe, Inc. has launched a new "Boost" feature that allows users to gain premium placement on both the main Meet tab and on the Chat tab of the redesigned MeetMe app. The product, which users can activate by spending MeetMe Credits, is designed to increase a user's visibility on the app and lead to more chats for that user. MeetMe Credits can be purchased through the App Store or Google Play Market or earned by referring friends to MeetMe or completing actions on behalf of advertisers. Boost replaces the former Spotlight Bar product, which was geared toward increasing profile views rather than chats, and was not as prominent within the app as the new Boost product. In addition to Boost, other virtual currency products available on MeetMe include Feed Spotlight, Match Spotlight, Unlock Photo Views, and Stealth Browsing. Boost is now available within the MeetMe app for both Android and iPhone.

 

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MEET

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Valuation MEET Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.5x
Price/Book 0.7x
Price/Cash Flow NM Not Meaningful
TEV/Sales 1.1x
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