Snipp Interactiv - SNIPF STOCK NEWS

Snipp Interactive Inc. announces the grant of 8,200,000 stock options to officers and employees, delayed due to a prior halt in trading. The options are exercisable at C$0.12 per share, expiring after 5 years and vesting in tranches until January 30, 2027.

Snipp Interactive Inc. announces the full revocation of the cease trade order by the British Columbia Securities Commission and the reinstatement of its common shares for trading on the TSX Venture Exchange. The company had faced the CTO due to the inability to file audited financial statements, MD&A, and certifications for the year ended December 31, 2022 within the prescribed time frame. The CTO was fully revoked on January 25, 2024, after the BCSC completed a review of the company's continuous disclosure in compliance with Policy Statement 11-207.

Snipp Interactive Inc. (Snipp) (TSX-V:SPN)(OTC PINK:SNIPF) announces a conference call to discuss recent financial results and plans for the year. The call will take place on Tuesday, January 9, 2024, at 1:00 pm Eastern Time (US). Investors can submit questions by email until 8:00 pm Eastern Time (US). The conference call will be available via weblink or dial-in options.

Snipp Interactive Inc. (SPN) reports strong revenue growth of 28% for the nine months ended September 30, 2023, with a revenue of $22.6 million compared to $17.6 million for the same period in 2022. Q3 2023 also saw an 8% increase in revenue, reaching $8.6 million, the highest quarterly revenue in the company's history. However, EBITDA for Q3 2023 was $0.03 million, a significant decrease from Q3 2022 EBITDA of $0.28 million. Additionally, EBITDA for the nine months ended September 30, 2023, showed a loss of $1.94 million compared to EBITDA of $0.72 million for the same period in 2022. Despite these challenges, the company's Bookings Backlog increased by 17%, standing at $14.5 million at September 30, 2023, compared to $12.4 million at September 30, 2022.

Snipp Interactive Inc. (SPN) reports a 45% increase in revenue for H1 2023, reaching $14.0 million, with Q2 2023 and Q1 2023 revenue increasing by 36% and 56% respectively. However, EBITDA saw losses in H1, Q2, and Q1 2023, and the company's expenses have risen due to growth investments. Bookings Backlog stood at $14MM at June 30, 2023, a 27% increase compared to the previous year.

Snipp Interactive Inc. (SPN on TSXV, SNIPF on OTC PINK) announced its financial results for the year ended December 31, 2022. Revenue reached $24.7 million, a 72% increase from 2021. Gross margin was 38%, EBITDA totaled $22,465, and bookings backlog stood at $11.9 million. The company remains debt-free and held a successful annual general and special meeting of shareholders.

Snipp Interactive Inc. provides a corporate update, stating that the bookings backlog at the end of Q3 2023 is expected to be over $11 million. Cash at the end of Q3 2023 was $4M, and the Company continues to be debt-free. SnippMedia is expected to launch by the end of the year.

Snipp Interactive Inc. provides a status update on its audited financial statements and announces preliminary unaudited financial results for the year ended December 31, 2022. The completion of the audit has been delayed due to the identification of a possible prior period adjustment. The adjustment is expected to be less than $500k. Despite this, the company expects positive EBITDA growth and a significant revenue uplift for Fiscal 2021. For Fiscal 2022, the company expects revenue of $24 million to $25 million, representing a 57% to 64% increase compared to Fiscal 2021. Gross Margin is expected to be approximately 38%, EBITDA is expected to be between $0.1 million and $0.2 million, and Bookings Backlog is expected to be approximately $10 million.