$TAPM News - Tapinator Releases Second Quarter 2015 Financial Report Q2 Revenues of $615,000, an Increase of 172% Year-Over-Year

New York, NY, - (http://www.financialnewsmedia.com News Alert) - Tapinator, Inc. (OTC: TAPM), an emerging growth company within the mobile gaming industry, today announced financial and operating results and the filing of its quarterly report for the period ended June 30, 2015. The complete report may be found at http://www.otcmarkets.com/stock/TAPM/filings.



"Tapinator continued to show significant business expansion in the second quarter of 2015," stated Tapinator CEO, Ilya Nikolayev. "Our quarterly revenues grew 172% year-over-year and 49% quarter-over-quarter, representing our fifth consecutive quarter of at least double-digit sequential revenue growth. Our revenue expansion can be attributed to both the continued broadening of our rapid-launch games portfolio, as well as our targeted investments into a small number of full-featured titles that we believe have significant long-term franchise potential. In addition to our very strong revenue growth, Tapinator is also pleased to announce adjusted EBITDA of $187,591 in the second quarter of 2015, an increase of 1,390% year-over-year and 68% sequentially.



We are very proud of our accomplishments in Q2 2015, in terms of our financial performance, user traction and product quality. Burn It Down was featured as a �Best New Game' and became a �Top 50' game on iOS and �Top 5' within both the Adventure and Puzzle categories. We also released our first product within the Social Casino category, Video Poker VIP, during the quarter and we are enthused by initial player retention metrics, monetization and user feedback from the game. We view this game and category as important to our future growth strategy. Other major milestones in the quarter included:



� We received $2.0mm in growth capital from an investment fund via a financing transaction that significantly improved our liquidity. As part of this financing, we were able to eliminate all previously outstanding debt,

� We completed our first audit as a publicly-traded company for the period from Inception thru December 31, 2014, receiving a "clean" opinion on our financial statements, and

� We strengthened our executive team to facilitate our transition to becoming a fully-reporting public company, and to help...