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. reports news on its AI-powered SaaS and PaaS platform for shopper marketing, promotions, rebates, loyalty programs and purchase validation. Company updates commonly cover enterprise brand contracts, receipt-based loyalty programs, AI-enabled receipt processing, basket-level shopper insights and marketing attribution from advertising activity through verified purchase behavior.
Recurring developments also include IFRS financial results, bookings and margin commentary, brand and go-to-market positioning, shopper marketing technology publications, secured convertible debenture financing, shareholder meeting results, stock option plan approvals and other governance or capital-structure matters.
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.
Snipp Interactive Inc. has secured a phased agreement with a leading global digital market research firm, commencing with a minimum value of USD $100,000. This collaboration aims to integrate Snipp's advanced receipt processing engine with the Client's data analytics platform across two markets. The deal, potentially lasting three years, highlights Snipp's growing presence in the $50 billion market research sector, with expectations to expand across the Client's international portfolio. The partnership aims to enhance customer engagement and data collection efficiency.
Snipp Interactive Inc. (SNIPF) reported record financial results for Q3 2021, achieving revenue growth of 154% year-over-year, totaling $5,416,976. This quarter marked the company's highest ever quarterly revenue, net income from operations of $165,554, and EBITDA of $480,587, reflecting a 349% increase from Q3 2020. For the first nine months of 2021, revenue rose 69% to $11,007,208, while bookings backlog increased 141% to $9.4 million. The company aims to maintain strong growth and expects margins to return to historical levels.
Snipp Interactive has been added to the S&P/TSX Venture Composite Index, acknowledging its strong fundamentals and future potential. The company will announce its Q3 2021 earnings on November 2, 2021. CEO Atul Sabharwal expressed optimism about this addition, believing it will attract new investors and enhance institutional coverage.
Snipp is recognized for its innovative Platform-as-a-Service solutions in the loyalty and promotions sector, serving a broad client base, including Fortune 1000 companies.
Snipp Interactive Inc. (OTC PINK: SNIPF) announced a renewal and deployment plan from a major Fortune 50 consumer packaged goods company, marking over USD $2.5 million in billings over their three-year partnership. The plan details programs for 2022, including engagements during the NFL, Winter Olympics, and Black History Month. The company’s SnippCHECK platform is integral to these promotions. CEO Atul Sabharwal expressed confidence in the company’s growth potential and plans to enhance shareholder value, highlighting a debt-free structure and cash flow profitability.