DALLAS, June 8, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring FriendFinder Networks Inc. (Nasdaq:FFN). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at:
FriendFinder Networks Inc. (FFN) is an Internet-based social networking and technology company operating several of the most heavily trafficked Web sites in the world. It provides its customers with a wide variety of online products and services, appealing to members of diverse cultures and interest groups, so they can interact with each other and enjoy its content. Its sites' services include social networking, online personals, live and recorded video, online chat rooms, instant messaging, photo and video sharing, blogs, message boards, e-mail and premium content Web sites. FFN also produces and distributes original pictorial and video content, licenses the globally recognized Penthouse brand to a variety of consumer product companies and entertainment venues, and publishes branded men's lifestyle magazines.
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In the report, the analyst notes:
"FFN racked up 22% gains in Tuesday's trading, a day after the social networking company reported improved results for the quarter ended March 31, 2011, with adjusted EBITDA jumping 33% year-over-year to $27.2 million ... FFN's share price has dropped almost 24% since the Company went public last month. On May 11, 2011, FFN completed its initial public offering, and issued 5 million shares of common stock at a price of $10 a share."
"The Internet-based social networking and technology company on Monday reported its financial results for the first quarter of 2011, highlighting a 33% increase adjusted EBITDA and a 60% increase in its adjusted cash flow."
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