3Pea International, Inc. (TPNL) Grows Annual Sales by 103%, Posts Record FY2012 Financial Performance
3Pea International, a payment solutions provider focused on prepaid debit card program management and processing services, today reported record financial results for the year ended December 31, 2012. Revenues for the full year increased 103 percent to a record $6.7 million, double the $3.3 million in revenues reported for the comparable 12 months of 2011. Operating Income grew to a record $574,851, up 106 percent compared to $278,886 reported in the year prior. Net income for 2012 increased 743 percent to $1.8 million, or $0.05 per share, compared to net income of $215,186 for 2011. The company attributes the increases,…
