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SNIPP INTERACTIVE INC (SNIPF) is a global loyalty and promotions company focused on developing disruptive engagement platforms to drive sales and generate insights. Their solutions encompass shopper marketing promotions, loyalty, rewards, rebates, and data analytics, all integrated into a comprehensive marketing technology platform. With headquarters in Toronto, Canada, and offices across the US, Canada, Europe, and India, SNIPP has powered numerous programs for Fortune 1000 brands and agencies.
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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.
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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.
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Snipp Interactive provides a status update on its temporary management cease trade order (MCTO). The filing of the Corporation's audited annual financial statements for 2022 will not be completed by the prescribed deadline. The Corporation's board of directors and management are working expeditiously to meet the filing deadline of July 14, 2023.
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FAQ
What is the current stock price of SNIPP INTERACTIVE (SNIPF)?
The current stock price of SNIPP INTERACTIVE (SNIPF) is $0.05663 as of November 26, 2024.
What is the market cap of SNIPP INTERACTIVE (SNIPF)?
The market cap of SNIPP INTERACTIVE (SNIPF) is approximately 15.4M.
What is SNIPP INTERACTIVE INC focused on?
SNIPP INTERACTIVE INC is a global loyalty and promotions company dedicated to developing disruptive engagement platforms to drive sales and generate insights.
Where is SNIPP INTERACTIVE INC headquartered?
SNIPP INTERACTIVE INC is headquartered in Toronto, Canada.
What are the key solutions offered by SNIPP INTERACTIVE INC?
SNIPP INTERACTIVE INC offers shopper marketing promotions, loyalty, rewards, rebates, and data analytics, all seamlessly integrated into a comprehensive marketing technology platform.
Which brands has SNIPP INTERACTIVE INC worked with?
SNIPP INTERACTIVE INC has powered numerous programs for Fortune 1000 brands and world-class agencies.
Where does SNIPP INTERACTIVE INC have offices?
SNIPP INTERACTIVE INC has offices across the United States, Canada, Ireland, Europe, and India.
SNIPP INTERACTIVE INC
OTC:SNIPF
SNIPF Rankings
SNIPF Stock Data
15.40M
196.32M
31.39%
0.02%
Advertising Agencies
Communication Services
United States of America
Vancouver