Small-Cap Tech Stocks: 2 Winners, 2 Losers So Far in 2013

This wild year has been fun for some, flat-out awful for others

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Loser: MeetMe

MeetMe185 Small Cap Tech Stocks: 2 Winners, 2 Losers So Far in 2013YTD Return: -55%

MeetMe (MEET) is a social network that allows you to meet new people through social games and apps.

That broadly makes it not altogether much different than Facebook (FB) — perhaps a decent reason investors haven’t been too interested in its stock.

MeetMe’s monetization has been lackluster; in the latest quarter, revenues fell from $10.4 million to $7.8 million, though mobile revenues did spike by 150% to $1.9 million. However, it did succeed in racking up losses, to the tune of $7.3 million, up from $1.9 million in the year-ago period.

That performance has helped fuel a more-than-halving of MEET shares in 2013.

Tom Taulli runs the InvestorPlace blog IPO Playbook. He is also the author of High-Profit IPO StrategiesAll About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, http://investorplace.com/2013/06/small-cap-tech-stocks-2-winners-2-losers-so-far-in-2013/.

©2014 InvestorPlace Media, LLC

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