ACCESSWIRE - Dec 19 - Snap Interactive, an online video chat and dating provider, has filed the Company's Form 8-K/A related to its previously announced merger with Paltalk, presenting the pro forma combined financials of the post-combination company and the historical financial statements of Paltalk. Pro forma combined revenues for the nine months ended Sep 30, 2016 were $21.8M, as compared to pre-merger Snap for the comparable period of $7.8M. Combined Net Income and Adjusted EBITDA was ($868k) thousand and $33k, respectively, as compared to pre-merger Snap ($2,293k) and ($622k) thousand, respectively, demonstrating improved Adjusted EBITDA profitability.
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Summarized by the Courtland Brooks team
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