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SPARK NETWORKS INC

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2017 10-Q, filed Aug 8, 2017. Its latest SEC filing is a 15-12B from Nov 13, 2017.

The sections below describe the company as of the FY2016 annual report.

What Did They Do?

Runs online dating websites and mobile apps where single adults, including Jewish and Christian singles, find profiles and communicate with potential partners.

How Did They Make Money?

Members pay in advance, mainly by credit card, for subscriptions that unlock communication with other members; subscriptions renew automatically until canceled. The company also earns advertising revenue and revenue from offline events.

FY2016 revenue

Who Were Their Customers?

Single adults use Spark's websites and mobile apps to create profiles, search and communicate; its services target religious, ethnic, geographic and special-interest communities.

Did Revenues Turn Into Profits?

No. It lost $6.9M in FY2016.

Operating income, FY2016
−22% of revenue
▲ +618% (Loss) vs FY2015 (−$1.1M, −2%)
Net income, FY2016
−20% of revenue
▲ +379% (Loss) vs FY2015 (−$1.4M, −3%)

How Were They Changing?

Since the FY2016 annual report
Latest quarter: Q2 FY2017, the three months to Jun 30, 2017
Revenue
▼ −27%
vs $9.1M in Q2 FY2016
Net income
▼ Now a loss
vs $329K in Q2 FY2016
  • Nov 8, 2017 Completed merger with Affinitas, changing control and delisting Spark Spark became a wholly owned subsidiary of New Spark, and its stock was delisted from the NYSE.

Shrank. Revenue fell 43% in 4 years, from $61.7M in FY2012 to $35.1M in FY2016, about 13% a year.

More mobile, freemium dating The older report describes primarily desktop and mobile websites; the latest adds mobile applications across core properties and JSwipe, a mobile-only service with free and paid features.

Who Did They Compete With?

Competes with Match Group, eHarmony, Zoosk, Bumble, Hinge, and Facebook

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