Welcome to our dedicated page for Snipp Interactiv news (Ticker: SNIPF), a resource for investors and traders seeking the latest updates and insights on Snipp Interactiv stock.
Snipp Interactive Inc. (SNIPF) provides a global marketing technology platform powering loyalty programs, digital promotions, and receipt validation solutions for Fortune 1000 brands. This news hub delivers verified updates about the company’s strategic initiatives and operational developments.
Investors and industry professionals will find comprehensive coverage of earnings announcements, technology partnerships, and product innovations like the SnippCARE platform modules. The repository includes press releases on client expansions, AI-driven fraud prevention advancements, and international market entries.
Bookmark this page for streamlined access to SNIPF’s latest regulatory filings, leadership updates, and platform enhancement announcements. Regular updates ensure stakeholders maintain current awareness of the company’s position in marketing technology and consumer engagement solutions.
Snipp Interactive achieved record sales bookings of over USD $5.7 million in Q3 2021, surpassing its previous quarter's record. This marks the second consecutive quarter with bookings exceeding USD $5 million, driven by 12 contracts totaling USD $1.68 million across various regions, including the USA, LATAM, and EMEA. CEO Atul Sabharwal expressed optimism regarding the company's growth strategy based on these results. Snipp specializes in digital marketing promotions and loyalty solutions, providing integrated marketing technology.
Snipp Interactive has announced the execution of renewal contracts with four marquee clients, totaling USD $1.12 million. These contracts affirm the effectiveness of the proprietary SnippCARE Platform, which supports various companies in customer engagement and data collection. Notable clients include a major coffeehouse chain, a firearms consortium, a state lottery commission, and a utility company in Ireland. The company emphasizes its diverse clientele, highlighting the platform's ongoing success in maintaining long-term relationships with clients.
Snipp Interactive Inc. has entered a contract with a Top 5 global research firm to implement its SnippREWARDS Platform for an American beverage company across 7 countries, projected to generate USD $1-$2MM annually. The rollout may expand to 40 countries in total. Previously, Snipp launched this platform for a tobacco client across 34 countries. This agreement reflects increasing confidence from Fortune 500 clients in Snipp's capabilities, enhancing its global presence.
Snipp Interactive has secured a contract exceeding EUR 200,000 with a major Italian luxury ecommerce retailer, part of a prominent European retail group, aiming for expansion in North America and Asia. The company's international recognized revenues surpassed USD 1.5 million this year, marking a three-year high. Snipp operates in over 30 countries, demonstrating the effectiveness of its SnippCARE platform amid pandemic challenges. Snipp focuses on building a global business comparable to its North American operations.
Snipp Interactive Inc. (TSX-V:SPN; OTC PINK:SNIPF) has secured over USD $600,000 in new contract signings for its SnippCARE platform. This includes a six-month pilot with a leading utility company valued at approximately USD $296,000, marking Snipp's first contract with a Crown Corporation in Canada. Additionally, a contract worth USD $315,000 was signed with a Fortune 500 client. The CEO anticipates a revenue growth of over 50% year-on-year in the upcoming third quarter.
Snipp Interactive has secured a GBP 350,000 (USD $440,000) loyalty contract with a Fortune 500 company to enhance their global loyalty program focused on baby and toddler products in South America and Southeast Asia. The transition to Snipp's CARE platform aims to improve consumer experience and data acquisition. Additionally, Snipp has expanded its presence in Europe with the hiring of Mark Ross as VP of Sales, enhancing its ability to capture enterprise-level opportunities across four continents.
Snipp Interactive has successfully contributed to the Manitoba Chambers of Commerce's Tourism Rebate Incentive Program (TRIP), aiding over 10,000 Manitobans and generating more than 8,700 hotel room nights in just two weeks. The program, which provided 2,400 rebates for admission to attractions, will continue for an additional 18 days from August 26 to September 12, 2021. Snipp's involvement is projected to exceed CAN$ 2,000,000 in total contract value. The company has enabled a seamless rebate process, enhancing local tourism amid COVID-19 recovery efforts.
Snipp Interactive (OTC PINK:SNIPF) has secured a $425,000 loyalty contract with a Fortune 500 company, transitioning their existing ten-year program to Snipp's Customer Acquisition, Retention and Engagement (CARE) platform. This contract focuses on the client's frozen products at a single grocer in the Southern USA. Future contracts are anticipated to expand the program nationally. The Client will utilize Snipp's proprietary receipt processing for improved customer engagement, satisfaction, and insights.
Snipp Interactive Inc. (TSX-V:SPN, OTC PINK:SNIPF) reported an 8% revenue increase in Q1 2021, totaling $2.57 million, compared to $2.37 million in Q1 2020. Gross margin decreased to 68% from 73%.
Notably, EBITDA surged by 233% to $153,948, reinforcing five consecutive quarters of positive EBITDA. The bookings backlog reached $7.5 million, a 60% increase year-over-year, signaling strong future revenue potential. The company anticipates over 50% revenue growth in Q2 2021, indicating a promising year ahead.
Snipp Interactive has secured a contract exceeding CAD$ 2,000,000 with a Canadian province's Chambers of Commerce. This initiative aims to stimulate travel and boost local economic recovery as pandemic restrictions ease. The program is designed to encourage tourism through socially distanced outdoor activities during the summer. CEO Atul Sabharwal expressed optimism about leveraging this program as a model for similar initiatives across Canada and the US, highlighting the versatility of Snipp's platform.
