RE:New Press Release - Snipp Interactive Reports Financial Results for Fiscal 2022The board has been quiet since the release of the 2022 financials, it is understandable considering the amount of time we had to wait to see them and the fact that we are at the of 2023 with basically no insights on how the year is going (other than some lines from atul in previous press releases).
So, here's my two cents regarding the 2022 financials and what to check for in the coming weeks for the 2023 ones;
1. 2022 sales increase was impressive and it looks like 2023 will also be a good year in regards to sales increase - it would be nice to see which division is bringing the best increase since this would have an impact on margins;
2. Gross margins will have to be looked at closely. We knew, from previous comments made by SPN, that 2022 margins were going to be under pressure due to the 'Gambit' acquisition. Is it going to last into 2023 or the sales growth will dampen the effect of 'Gambit' lower margin?;
3. Expenses control will have to be looked as well. So far, SPN was pretty good at keeping a lid on the cost increase but we know that they've been on a sort of hiring spree in 2023 so salaries wil have to be looed at closely in the coming financials.
Voil! Please do not hesitate to comment on the above and add anything you find of interest.
Once again, let's hope this company starts communicating better with their shareholders and the invesmtent commnuity in 2024.
GLTA