SNIPP INTERACTIVE INC - SNIPF STOCK NEWS

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.

Snipp Interactive has reported an impressive forecast for Q3 2021, anticipating revenue to exceed USD $5.3 million, marking over 145% growth compared to Q3 2020. This growth reflects a continuing upward trend, with revenue for the first nine months of 2021 projected at approximately USD $11 million, a 65% increase from the same period in 2020. The company expects EBITDA for Q3 2021 to rise by over 100% compared to Q3 2020. With a focus on expanding its SnippCARE platform and forming strategic partnerships, Snipp looks to maintain its growth momentum.

Snipp Interactive invites investors to its presentation at the LD Micro Main Event in Los Angeles on October 13, 2021, at 12:30 PM EST. The conference serves as a vital platform for small-cap companies, offering insights into Snipp's growth strategy and the SnippCARE Platform. Attendees can participate in-person or via a virtual broadcast. Snipp excels in loyalty solutions and marketing technology, supporting leading brands with its innovative platforms.

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.