UpSNAP Inc. announced audited earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported loss from operations decreased 49% to $0.33 million, compared to $0.65 million in fourth quarter of 2014. Recurring revenue was 42% of total revenue, compared to 18% in fourth quarter of 2014. Total operating revenue was $1.24 million compared to $1.26 million in the fourth quarter of 2014. Mobile advertising revenue remained steady at $1.0 million. Net loss of $0.23 million, compared to $1.52 million in fourth quarter of 2014, a decrease in loss of 85%. Basic and diluted loss per share of $0.01, in line with the fourth quarter of 2014. For the year, the company reported that total operating revenue grew by 28% to $5.07 million, compared to $3.96 million in fiscal year of 2014. Mobile advertising revenue grew by 40% to $4.18 million, compared to $2.99 million in fiscal year of 2014. Net loss for the year decreased 74% to $1.07 million, compared to $4.12 million in fiscal year of 2014. Basic and diluted loss per share of $0.01, compared to loss per share of $0.03 in fiscal year of 2014.