Snipp Interactive Inc V.SPN

Alternate Symbol(s): SNIPF

Communication Services

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.

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Snipp Interactive Inc > New Press Release - Snipp Interactive Provides Corporate Upd

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Post by Partwaythereon Oct 25, 2023 9:41am

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Post# 35699811

New Press Release - Snipp Interactive Provides Corporate Upd

Well good morning, hello and how ya doing ..... RECAP !!

2023 - Q3
Mid-November for Q3 2023 - not bad 11 mil in backlog, 4 mil in cash - unaudited of course.

2023 - Q1 & Q2 - we seemed to have jumped right over these...
Once our audited annual financial statements have been filed, we will also have our Q1 2023 interim financial statements filed within five business days. Our Q2 2023 interim financial statements will then be filed by August 29. We will arrange for an investor conference call in September to discuss our 2022 year-end financial results along with both our Q1 2023 and Q2 2023 quarterly financial results.

2022 - unaudited

For the full Fiscal 2022 period, the Company expects revenue to total between $24 million to $25 million, which represents an increase of between 57% to 64% when compared to Fiscal 2021.
For Fiscal 2022, Gross Margin is expected to be approximately 38%, as compared to 57% in Fiscal 2021. We have continued to invest in the growth of Gambit Rewards, a B2C business, which has temporarily impacted our margins.
For Fiscal 2022, EBITDA is expected to be positive and between $0.1 million and $0.2 million, which represents a decrease of approximately 94% or 89%, compared to positive EBITDA of $1.8 million for Fiscal 2021.
Bookings Backlog as at December 31, 2022, is expected to be approximately $10 million compared to $10.9 million as at December 31, 2021.
Cash at the end of 2022 stood at $5.5 million and the Company continues to be debt free.