SMTP, Inc. is a NASDAQ listed company providing email services for customers ranging from small business to enterprise-scale clients on a global basis. Our small and entrepreneurial team is leveraging world-leading technology to take on the biggest players in the market for email services.

SMTP's core delivery service improves inbox delivery and open rates and is complemented by the advanced email functionality of GraphicMail and SharpSpring, two recently acquisitions. GraphicMail is an email services provider founded over a decade ago with operations in 14 regions globally. SharpSpring launched an innovative platform for marketing automation in 2014 and is growing rapidly through its sophisticated functionality and compelling ease-of-use. Founded in 1998, SMTP supports tens of thousands of customers in over 130 countries.

SMTP is headquartered in the Boston area, with offices in Cambridge, MA and Nashua, NH and also has operations in Florida, Europe and South Africa.

SMTP was founded in 1998 and is headquartered in Gainesville, US

SMTP has an office in Gainesville

Gainesville, US (HQ)

304 W University Ave

SMTP's revenue was reported to be $3 m in Q1, 2017

USD

## Revenue (Q1, 2017) | 3 m |

## Gross profit (Q1, 2017) | 1.8 m |

## Gross profit margin (Q1, 2017), % | 58% |

## Net income (Q1, 2017) | (1.5 m) |

## EBIT (Q1, 2017) | (2 m) |

## Market capitalization (20-Jul-2017) | 35.5 m |

## Closing share price (20-Jul-2017) | 4.2 |

## Cash (31-Mar-2017) | 7.7 m |

SMTP's current market capitalization is $35.5 m.

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 5.8 m | 7.5 m | 14.6 m | 11.5 m |

## Revenue growth, % | 30% | 95% | (21%) | |

## Cost of goods sold | 1 m | 1.7 m | 4 m | 4.5 m |

## Gross profit | 4.7 m | 5.8 m | 10.6 m | 7.1 m |

## Gross profit Margin, % | 82% | 77% | 73% | 61% |

## Sales and marketing expense | 818 k | 1.8 m | 5.8 m | 5.3 m |

## R&D expense | 234.6 k | 803.4 k | 2.2 m | 2.3 m |

## General and administrative expense | 1.7 m | 3.1 m | 4.8 m | 4.4 m |

## Operating expense total | 2.8 m | 6.7 m | 18.2 m | 15.1 m |

## EBIT | (956.2 k) | (7.6 m) | (8 m) | |

## EBIT margin, % | (13%) | (52%) | (70%) | |

## Pre tax profit | 1.9 m | (972.5 k) | (7.8 m) | (7.6 m) |

## Net Income | 1.3 m | (841.2 k) | (8.2 m) | 5 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 1.5 m | 1.6 m | 3.3 m | 3.6 m | 3.7 m | 4.2 m | 2.9 m | 3 m | 3 m |

## Cost of goods sold | 351.2 k | 340.6 k | 791 k | 924.3 k | 1 m | 1.4 m | 1 m | 1.3 m | 1.3 m |

## Gross profit | 1.1 m | 1.3 m | 2.5 m | 2.7 m | 2.7 m | 2.8 m | 1.9 m | 1.7 m | 1.8 m |

## Gross profit Margin, % | 76% | 79% | 76% | 74% | 73% | 67% | 65% | 58% | 58% |

## Sales and marketing expense | 228 k | 380.2 k | 1.4 m | 1.3 m | 1.5 m | 1.4 m | 1.3 m | 1.4 m | 1.6 m |

## R&D expense | 101.4 k | 141.9 k | 471.2 k | 537.2 k | 530.2 k | 550.2 k | 562.6 k | 612.1 k | 659.7 k |

## General and administrative expense | 563.8 k | 973 k | 1.1 m | 1.1 m | 1.6 m | 1.3 m | 925.7 k | 1.2 m | 1.4 m |

## Operating expense total | 893.2 k | 1.5 m | 2.9 m | 2.9 m | 3.7 m | 3.2 m | 2.8 m | 3.3 m | 3.7 m |

## EBIT | 236.4 k | (1.6 m) | (987.9 k) | (1.3 m) | (1.8 m) | (2 m) | |||

## EBIT margin, % | 16% | (43%) | (24%) | (45%) | (61%) | (68%) | |||

## Interest income | 144 | 367 | |||||||

## Pre tax profit | 236.6 k | (240 k) | (1.6 m) | (2.3 m) | (1.7 m) | (656.4 k) | (1.3 m) | (1.7 m) | (2 m) |

## Net Income | 374.5 k | 276.7 k | (1.2 m) | (3 m) | (4.3 m) | (710.1 k) | 8.4 m | 7.1 m | (1.5 m) |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 1.7 m | 2.8 m | 4.2 m | 8.7 m |

## Accounts Receivable | 25 k | 393.9 k | 794.1 k | |

## Inventories | 2.9 m | 85.2 m | ||

## Current Assets | 2.1 m | 4 m | 6 m | 12.7 m |

## PP&E | 281.6 k | 817 k | 905.3 k | |

## Goodwill | 8.9 m | 8.9 m | 8.8 m | |

## Total Assets | 2.5 m | 21.7 m | 21.2 m | 25.3 m |

## Accounts Payable | 397.3 k | 609.5 k | 498.5 k | |

## Current Liabilities | 588.3 k | 1.8 m | 7.8 m | 2.2 m |

## Total Liabilities | 2.4 m | |||

## Additional Paid-in Capital | 2.2 m | 13.2 m | 22.6 m | 27.6 m |

## Retained Earnings | (369.5 k) | (824.2 k) | (9.1 m) | (4.1 m) |

## Total Equity | 1.9 m | 12.3 m | 13.4 m | 22.9 m |

## Financial Leverage | 1.3 x | 1.8 x | 1.6 x | 1.1 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 11.5 m | 5.9 m | 2.2 m | 1.8 m | 4.5 m | 3.2 m | 15.3 m | 11.6 m | 7.7 m |

## Accounts Receivable | 19.5 k | 74.6 k | 487.4 k | 520.7 k | 622.8 k | 764.5 k | 817.8 k | 1.1 m | |

## Current Assets | 12 m | 6.9 m | 3.9 m | 4.1 m | 7.3 m | 5.4 m | 18.5 m | 14.9 m | 11.6 m |

## PP&E | 332.5 k | 508.9 k | 562.2 k | 859.3 k | 670.1 k | 888.7 k | 924 k | ||

## Goodwill | 8.4 m | 8.9 m | 8.9 m | 8.9 m | 8.9 m | 8.9 m | 8.9 m | 8.9 m | |

## Total Assets | 12.4 m | 19.3 m | 21.2 m | 21.4 m | 24.1 m | 20.3 m | 33 m | 29.4 m | 24.2 m |

## Accounts Payable | 30 k | 262.4 k | 355.8 k | 305.5 k | 469.5 k | 670.2 k | 584.6 k | 882.6 k | 658.2 k |

## Current Liabilities | 495.1 k | 908.2 k | 1.6 m | 6.6 m | 7 m | 7.3 m | 6.8 m | 4.3 m | 2.3 m |

## Additional Paid-in Capital | 11.9 m | 11.4 m | 13.5 m | 18.7 m | 22.4 m | 23 m | 27.2 m | 27.3 m | 27.7 m |

## Retained Earnings | (2 m) | (3.9 m) | (5.1 m) | (9.8 m) | (705.3 k) | (1.9 m) | (5.6 m) | ||

## Total Equity | 11.9 m | 11.4 m | 11.2 m | 14.8 m | 17.1 m | 13 m | 26.2 m | 25 m | 21.6 m |

## Financial Leverage | 1 x | 1.7 x | 1.9 x | 1.4 x | 1.4 x | 1.6 x | 1.3 x | 1.2 x | 1.1 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | 1.3 m | (841.2 k) | (8.2 m) | 5 m |

## Depreciation and Amortization | 102.3 k | 424.7 k | 1.7 m | 1.5 m |

## Accounts Receivable | 13.1 k | (153.1 k) | (428.8 k) | (499.5 k) |

## Accounts Payable | 239 k | (156.1 k) | ||

## Cash From Operating Activities | 1.9 m | 1.1 m | 1.3 m | (7.1 m) |

## Purchases of PP&E | (287.5 k) | (66.8 k) | (625.7 k) | (455.5 k) |

## Cash From Investing Activities | (287.5 k) | (7.4 m) | (625.7 k) | 12.8 m |

## Cash From Financing Activities | (713.8 k) | 8.1 m | 3.5 m | (1.2 m) |

## Income Taxes Paid | 708 k | 803.5 k | 130.3 k | 3.6 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | 374.5 k | 276.7 k | (1.2 m) | (3 m) | (4.3 m) | (710.1 k) | 8.4 m | 7.1 m | (1.5 m) |

## Depreciation and Amortization | 60.1 k | 117.2 k | 426 k | 854.4 k | 1.3 m | 550.4 k | 814 k | 1.2 m | 196.6 k |

## Accounts Receivable | 5.5 k | (34.9 k) | (93.5 k) | (120.5 k) | (240.7 k) | 49 k | (43 k) | (301.6 k) | 214.9 k |

## Accounts Payable | 182.9 k | 46.1 k | (53 k) | 120.7 k | 155.5 k | ||||

## Cash From Operating Activities | 346.7 k | 341.1 k | (575.3 k) | (753.3 k) | (1.4 m) | (9.7 k) | (691.4 k) | (4.3 m) | (848.6 k) |

## Purchases of PP&E | (2.1 k) | (50.8 k) | (100.9 k) | (323 k) | (432 k) | (119.1 k) | (151.3 k) | (442.2 k) | (83.8 k) |

## Cash From Investing Activities | (2.1 k) | (5 m) | (100.9 k) | (323 k) | (432 k) | (751.3 k) | 13.1 m | 13 m | (86.9 k) |

## Cash From Financing Activities | 9.4 m | 8.8 m | 3.4 k | 58.1 k | 3.5 m | (206.8 k) | (1.2 m) | (1.2 m) | |

## Income Taxes Paid | 618.5 k | 803.5 k | 34.3 k | 38.3 k | 97.6 k | 29 k | 29 k | 2.6 m | 54.6 k |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 29.1 k |

## Financial Leverage | 1.1 x |