$TAPM News - Tapinator Releases Q4 and Annual 2015 Results - Revenues of $2.49 Million, an Increase of 159% Year-Over-Year

NEW YORK, - (http://www.financialnewsmedia.com News Alert) - Tapinator, Inc. (OTC: TAPM), an emerging growth company within the mobile gaming industry, today announced financial results for the period ended December 31, 2015, and the filing of its annual report and audited financial statements for the years ended December 31, 2015 and 2014. The annual report and audited financial statements may be found at http://www.otcmarkets.com/stock/TAPM/filings.



\"Tapinator continued to show solid business expansion in the fourth quarter of 2015,\" stated Tapinator CEO, Ilya Nikolayev. \"Our fourth quarter revenues grew 87% year-over-year to approximately $693,000, representing our sixth consecutive quarter of at least double-digit year-over-year revenue growth. Our revenue expansion can be attributed to both the continued broadening of our rapid-launch games portfolio, as well as our continued investment into a select number of full-featured titles that we believe have significant franchise potential. In addition to our strong revenue growth, Tapinator is also pleased to announce adjusted EBITDA (a non-GAAP measure) of approximately $150,000 in the fourth quarter of 2015, an increase of 187% year-over-year and our seventh consecutive quarter of positive adjusted EBITDA.



For the year ended December 31, 2015, Tapinator achieved revenue of approximately $2.49 million and adjusted EBITDA of approximately $523,000, representing year-over-year growth rates of 159% and 414%, respectively.



We are very pleased with of our accomplishments in 2015, in terms of our financial performance, product traction and user growth. Tapinator was able to deliver these results even as we continue to make substantial investments in our new game development, human resources, marketing and data/analytics infrastructure. We believe that we have laid the appropriate groundwork to allow Tapinator to support a much larger enterprise and we look forward to demonstrating continued business growth in 2016 and beyond.\"



Financial Highlights



-Annual revenue of $2,448,051; up 159% year-over-year

-Quarterly revenue of $692,682; up 87% year-over-year

-Annual adjusted EBITDA (a non-GAAP measure) of $522,894;...