Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Snipp Interactive Inc V.SPN

Alternate Symbol(s):  SNIPF

Snipp Interactive Inc. is a Canada-based Platform-as-a-Service company. The Company's modular SnippCARE (Customer Acquisition, Retention & Engagement) Platform allows its marquee list of clients and agencies and partners to use various modules of the Platform to run long-term and short-term programs and promotions, while continually generating and capturing zero party data that provides insights to drive sales. The Platform's Receipt Processing Module, SnippCHECK, provides receipt-based promotions in North America. The Platform's full-scale modular loyalty engine, SnippLOYALTY, allows clients to deploy any/all aspects of a standard loyalty program on a case-by-case basis. The Platform's modular catalogue of digital and physical rewards, SnippREWARDS, provides clients with global and deployable access to a catalogue of digital and physical rewards. The Platform's gaming module, SnippWIN, allows the global deployment and administration of legally compliant games of chance and skill.


TSXV:SPN - Post by User

Bullboard Posts
Comment by Badger66on Feb 28, 2020 8:04am
86 Views
Post# 30745580

RE:RE:RE:Financials

RE:RE:RE:Financials@RAETHOMAS - I think this because they used to be transparent about their bookings backlog, they used to do PR's with contracts....at first I thought maybe they were just changing how they disclose information, but the last couple quarters shows they don't really have much in the way of new sales.

Go back 2 years and read all the things they were "going to do"....blockchain integration, cannabis (cannabis Marketing resource Center)....then a about a year ago as time ran out on the upward trajectory (coincidentally the last conference call) Atul said they were not so concerned about sales to new clients!?!?! but that they were more interested in targeting expansion of contracts with their existing customers....only they have been LOSING their existing customers...

They've taken down their last two corporate presentations and now have a single fact sheet from two years ago posted in teh investors tab because it doesn't include the charts that show they are falling off a cliff as a business.

Go back through their cases and you will see the brands that used to be with them and no longer are....

The only thing keeping the bottom line somewhat tolerable is their continued reduction in spending on salaries...which shouldn't be surprising given that they continue to need less and less employees to do the less and less work they are selling...

And please - don't be fooled by the eternal optimist @doggy123 - a case posted is not a "new contract", it is them fulfilling the work on contracts they already had....and since the last several quarterly reports show they aren't doing much in the way of contract sales there will be less and less of those to post about very soon.
Bullboard Posts