Snipp Interactive Inc V.SPN

SOME KOOLAID & HAIRCUT TO INVESTORS

[OPENHEIMER]

The news release is more smoke blown in our face and told to drink the Koolaid to numb the pain and accept further audit delays, due to re-stating financials as I had originally posted, resulting in a modest haircut to our expectations, as the numbers look dire, with low EBITA, lower order backlog, lower margins.
Drinking the Koolaid from Atul, should help with any anxiety as well, since it comes from a very reliable and trustworthy source, as we have seen over the last number of months.
We are lambs led to the slaugher by a company that lacks the proper stewardship, and manage its financials correctly and timely.

[sportsman80]

Q4 basically a mirror of Q3, nothing surprising. Cash position basically the same, margins a slight bit better I think than Q3.  Backlog down a bit would be my biggest concern but focus seems to have moved over to Gambit and away from core business.  Everything about the delay and the audit stuff is brutal and apoligies are not enough - we are now 4 months past the deadline for year end

[stockpickerone!]

For me their results are exactly what they said it would be - massive revenue growth driven by lower margin as they build out their new gambit business. this company is executing on their plan and i am sure this audit has been an unplanned headache. While its crazy its takign them this long to get done it looks like they have no control over their auditors.  All said and done great year for

[Partwaythere]

Agreed ..... 15M to 25M - amazing To do this we've all seen new hire updates which you need to grow. 38% margin; which is a decline is still impressive - again, show me companies that make 38% margins. I know the company I work for is no where near 38% margin and we do 350M a year. Backlog 2023 of 10M is new; does that account for the existing backlog or is that cumulative; hence, maybe 2023

[stockpickerone!]

Backlog only means signed contracts - so at the end of 2022 they already had that much in backlog...they still havet 12 month to sale...:) their 2023 is going to continue to grow per them so lets see...my only fear with the audit was these crazy growth numbers were based on cooking the books but with this PR they put that to rest that they are definitely not and that the auditors while they have