$TAPM - Dramatic Increased Popularity of Mobile Gaming Leading to Healthy Rise in Revenue Growth Potential, Company Reports Strong Revenue Results

CORAL SPRINGS, - (http://www.financialnewsmedia.com News Alert) - Mobile gaming continues its rapid growth, accounting for $34.8 Billion of the total of $85.4 Billion spent on gaming in 2015. Active gaming tech companies and mobile gaming publishers with current achievements of note in the markets today are Tapinator, Inc. (OTC: TAPM), Activision Blizzard, Inc. (NASDAQ: ATVI), Avid Technology, Inc. (NASDAQ: AVID), Zynga, Inc. (NASDAQ: ZNGA) and Scientific Games Corporation (NASDAQ: SGMS)



Tapinator, Inc. (OTC: TAPM), an emerging growth company within the mobile gaming industry, announced yesterday 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. Read the full Tapinator (TAPM) Press Release at http://www.financialnewsmedia.com/profiles/tapm.html



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...