Spark Networks to Publish Full-Year Earnings Report on 29th April

Spark Networks will reveal its financial results for the second half and full year 2019, before the markets open on 29th April.

The company has also scheduled a conference call to discuss the earnings at 8am Eastern Time on the same day.

While many sectors are being negatively impacted by the ongoing coronavirus pandemic, executives from Spark Networks are confident that the online dating industry will continue to engage its audience.

They have promised to provide context to investors about how it is planning to negotiate these difficult times in the report and accompanying call.

It has been a tricky period for Spark Networks, as its market value has been declining over the past month. The stock price has dropped by approximately 65% since Valentine’s Day, leaving the company with a market cap of just over $58 million.

The falling valuation was addressed in a letter to investors in October, where they were assured that the decrease was due to “concentrated share sales”, rather than continued under-performance.

Eric Eichmann took over as CEO the following month, replacing Jeronimo Folguiera who stepped down after a four-year tenure.

Spark Networks became the latest member of the Online Dating Association last month. In the process, it furthered its commitment to ensuring users remained safe while connecting on the portfolio of dating platforms.

Visit the Spark Networks website here.