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

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Post by francoisl13on May 31, 2024 11:48am

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Post# 36066390

Q1 results and Q2 expectations

From my May 24th post I was looking for improved margins and backlog for Q1 2024. They've done it! Margins improved from 39% in Q4 2023 to 54% in Q1/2024. In regards to backlog, it moved up from 13.6M in Q4/2023 to 15.4M in Q1/2024.
In short, they've met my targets so, to me , it's positive.
Now, what I want to see in Q2/2024 is double digit growth in revenue and backlog as well as margins in the 52-56% range.
P.S. Can't disagree with Maggs with regards to the Gambit mess but, it looks like they are finally executing part of their plan correctly. Will see if my positive take on the latest is good when they report Q2.
GLTA

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