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) is a Platform-as-a-Service (PaaS) company in the global loyalty and promotions sector, and its news flow reflects activity across digital marketing promotions, rebates, and loyalty solutions. On this page, readers can review press releases and updates that the company has issued about client wins, contract extensions, product deployments, partnerships, and financial performance.
Recent news from Snipp highlights agreements and renewals with leading consumer packaged goods, food manufacturing, FMCG, and pet care brands. Announcements describe points-based loyalty programs, purchase-based promotional campaigns, and multi-brand rewards initiatives that use Snipp’s SnippCARE platform, SnippCHECK receipt processing, SnippLOYALTY engine, SnippREWARDS catalogue, and AI-powered fraud prevention tools. These stories provide insight into how brands are using receipt uploads, pack codes, and engagement activities to reward consumers and professionals, and how Snipp’s technology supports data collection, basket analysis, and program optimization.
Investors and observers can also find updates on Snipp’s Financial Media Network (FMN) and media partnerships, such as its collaboration with Inmar Intelligence to bring digital grocery incentives into consumer banking applications. Financial results releases, including quarterly updates, offer context on revenue trends, gross margin, EBITDA, bookings backlog, and deferred revenue, as well as commentary from management on operating conditions and platform momentum.
In addition, corporate governance and capital markets news, such as annual general and special meeting results or changes in market-making arrangements, appear in the company’s announcements. For anyone tracking SNIPF, this news page provides a centralized view of how Snipp’s loyalty, promotions, and media offerings are being adopted by clients and how the business is evolving over time.
Snipp Interactive (OTC PINK:SNIPF) announced a binding acquisition of Gambit Digital Promotions for US$5 million, with US$0.3 million in cash and US$4.7 million in stock. This strategic acquisition connects Snipp to the US$60 billion online gaming market, leveraging Gambit's platform that converts unused loyalty points into gaming tokens. This move is expected to unlock US$100 billion in loyalty points, enhancing customer engagement in iGaming. The acquisition is subject to regulatory approvals, with closing expected soon. Key leaders from both companies will discuss the acquisition at the ICR Conference today.
Snipp Interactive Inc. (TSXV:SPN)(OTC PINK:SNIPF) will present at the ICR Virtual Conference on January 11, 2022, at 4:30 PM ET. CEO Atul Sabharwal will share insights about the company's future plans to potential investors. The ICR Conference connects management teams with institutional investors and features over 300 companies, attracting more than 2,500 attendees. A live and archived webcast of the presentation will be available on Snipp's Investor Information page.
Snipp Interactive Inc. (TSXV:SPN)(OTCPK:SNIPF) successfully held its annual general and special meeting on December 30, 2021. All resolutions proposed were approved by shareholders, including the re-election of board members Thomas J. Burgess, Brian J. Tunick, Sarfaraz Haji, and Atul Sabharwal. The meeting also led to the appointment of Davidson & Company LLP as the company's auditor and gained approval for an amended stock option plan. CEO Atul Sabharwal expressed gratitude for shareholder support, highlighting a strong foundation for growth heading into 2022.
Snipp Interactive Inc. announced it has achieved USD $20MM in sales bookings for 2021, marking an 85% growth over 2020. This milestone was reached with just weeks remaining in the year, driven by contracts from a diverse range of clients, including a Fortune 50 company and a Top 5 Market Research Company. The company remains optimistic about continuing momentum and aims to provide investors with detailed results soon. With a debt-free balance sheet, Snipp is well-positioned for further expansion in the upcoming year.
Snipp Interactive Inc. (TSX-V:SPN; OTC PINK:SNIPF) has secured a significant second order from a major American technology client. This contract, which is notably larger in monetary value, involves programs across 15 countries throughout the European Union and Latin America, facilitated by Snipp's recent vendor approval. The second order will leverage various components of Snipp's SnippCARE platform, enhancing customer engagement strategies. The company anticipates robust growth in Q4, with expectations for return to historical margin levels.
Snipp Interactive Inc. has announced a renewal of its US license for the SnippINSIGHTS module from its SnippCARE platform with a major global food producer. This marks the third contract of 2021 for Snipp with this client and highlights a long-standing relationship dating back to 2015. The renewal extends services through 2022, building on previous contracts, including a USD $1.98 million agreement announced earlier this year. Snipp's focus on generating unique consumer data continues to drive its strong client relationships.
Snipp Interactive Inc. (TSXV:SPN, OTC PINK:SNIPF) has been approved as a global supplier to a leading American technology corporation. Following a comprehensive vendor qualification process, Snipp received its inaugural order for a North American program set to launch in January. The contract includes plans for programs across 15 countries in Europe and Latin America. The Company emphasizes its strategic focus on new markets and industries, including sports betting, iGaming, and fintech, aiming for a profitable close in Q4 2021.
Snipp Interactive Inc. (TSX-V:SPN; OTC PINK:SNIPF) announced the appointment of Brian Tunick to its board of directors. A renowned Wall Street consumer research analyst, Tunick brings over 20 years of experience, having previously held key positions at JP Morgan Chase and RBC. He has a track record of advising on high-profile IPOs and has been recognized as a top retail analyst. Tunick expressed confidence in Snipp’s growth potential and his commitment to enhancing shareholder value, holding a 4% stake in the company. His expertise is expected to strengthen the company’s presence in US capital markets.
Snipp Interactive Inc. announced two significant deals, enhancing its position in the global loyalty and promotions sector. The first contract involves a Canadian agreement with a leading cereal producer, marking Snipp's expansion into international markets with the SnippCARE platform. The contract is valued in six figures. The second deal is a renewal with a major energy drink manufacturer in North America, worth over USD $350,000, representing a growth of over 40% from the previous contract. This reflects Snipp's strong momentum as it approaches 2022.
Snipp Interactive Inc. (TSXV:SPN)(OTC PINK:SNIPF) will present at the Ladenburg Thalmann Virtual Technology Expo on November 18, 2021, at 4:30PM ET. CEO Atul Sabharwal aims to introduce the company to investors and discuss growth strategies. The Expo will feature around 50 tech companies, focusing on various sectors including AI, cybersecurity, and blockchain. Attendees can register for the event and request one-on-one meetings with Snipp. The company utilizes its SnippCARE platform for loyalty programs and data capture.
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