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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

Comment by OPENHEIMERon Aug 30, 2022 10:01am
155 Views
Post# 34929304

RE:RE:RE:Thoughts?

RE:RE:RE:Thoughts? The reason the stock is down, is that they have  negative net income as they make no money despite sales increases. Atul, says what he likes to say, but the market is looking for profitability. They have $ 7 million in cash, which on this float represents $ 0.025 per share in cash. Gambit generates $766K in quarterly revenue so if you prorate this to one year, it is $ 3.1 million in revenue. Nothing said about Bally in any detail and what is the projected revenue stream. Not enough meat in the earning report, despite higher sales,but no net income, which is bad news, hence a beating in stock price. Now another 3 months of seeing this stock trade between $ 0.15-$0.20. Sad to see, unless they announce some other positive news in the months to come.
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