Snipp Interactive Inc V.SPN

Snipp Interactive Reports Record Financial Results

[Betteryear2]

VANCOUVER, BC / ACCESSWIRE / May 2, 2022 / Snipp Interactive Inc. ("Snipp" or the "Company") (TSXV:SPN)(OTC PINK:SNIPF), a global provider of digital marketing promotions, rebates, and loyalty solutions, announced its financial results for Q4 2021 and for the year ended December 31, 2021 ("Fiscal 2021"). All results are reported under International Financial Reporting Standards ("IFRS") and in US dollars. A copy of the complete audited financial statements and management's discussion and analysis are available on SEDAR (www.sedar.com).



https://www.accesswire.com/699829/Snipp-Interactive-Reports-Record-Financial-Results-for-Q4-2021-and-Fiscal-2021

[OPENHEIMER]

Nothing impressive to move the stock. Yes sales growth, but heavy dilution, brings nothing on earnings per share. They will wait until Q2 to present Bally's incorporation into company ?? This is terrible. Doing some reading on this company that has been around for quite a few years and some Paradigm analysts as far back as 2016 had a buy rating in the $ 0.35, and we stand at 1/2 that today

[stockpickerone!]

What exactly do you find terrible? They generated positive eps for the year? 

[Partwaythere]

15M vs 8M is not too shabby; will continue to go upwards each year I suspect. Looks like we'll be getting a roll-back of shares; whats the magic number? Nasdaq was also mentioned; things are happening but man-oh-man we'll need to wait another 3 months? Will Snipp repurchase some stock as part of the roll-back; isn't this a RS of stock - say 10:1; that would get them above Nasdaq

[stockpickerone!]

Nasdaq mins are $2 and $3 - higher threshold faster track. dont see them being able to get there easily given the stock really has not appreciated with all of the great things they are doing. I am actually losing hope even though this company has absolutely rocked...75% revenue growth with profitability and ebitda (not adjusted!), No debt, increasing cash balance, Green field acquisition in

[OPENHEIMER]

They have over 280,000,000 shares floating out there, massive dilution. At $ 0.17 a share, they have a market cap of $47.725 million. Even if they earn $ 1.5 million this is equivalent to $ 0.0054 a share. At a multiple of say 25X, we are looking at share price of $ 0.134. Now we are trading at $ 0.17 or 31.5X a share. The market will not factor in too much premium at over 30X a share. They are

[stockpickerone!]

So if they half they do a 20times roll back this stock will fly in your assessment? As now the EPS just improved 20x...

[OPENHEIMER]

If they do a 20 to 1 reversal, at today's price ( $ 0.165 CAD ) it will be 20x$0.165 = $3.30 CAD a share. Total oustanding shares would be approximately 280,000,000 / 20 = 14,000,000 shares outstanding. As I said before, if they earn $ 1.5 million / 14,000,000 shares = $ 0.11 share in earning and an earnings per share multiple of 30X. Nothing changes. If earning were to double then the shares

[apainter]

The net income is positive due to loan forgiveness and write off of account payable for a total of 1.64M, without that the Co is net negative even on AjD EBITDA basis for the year, in my opinion

[apainter]

Sorry the Co net inc would be smaller than what is reported, also the co has not shown adj EBITDA which should have excluded that one time income of 1.64M, in my opinion

[stockpickerone!]

you are wrong..their regular EBITDA number does NOT include the one time income...IF they had ADJ it then it would be much HIGHER - so they are being extremely transparent here...

[OPENHEIMER]

Bottom line is the recent financials did NOTHING to drive the stock price. Very disappointing. They do not appear to be making money.  Some of these news bulletins are very vague in how they present their numbers and EBITA. The market is not stupid. Very little interest in this stock.

[stockpickerone!]

What part of their financials show them NOT making money? LOL! Cash flow from Operations  is POSITIVE = 700,000+ EBITDA is POSITIVE = $1.8MM+ NET INCOME is POSITIVE = $2.1MM NET income with ONE TIME INCOME Removed is POSITIVE 600K+ No interest in this stock TRUE Market is not STUPID - FALSE 

[OPENHEIMER]

Where can I get a detailed finanacial statement to read beyond their short news feed ? BTW, does anyone know what Gambit did in annual sales before dishing out $ 5.0 million to buy them ?

[stockpickerone!]

Detailed Financial statements are on their website  https://www.snipp.com/hubfs/Financial%20Statements%20-%20Year%20Ended%20Dec%2031%2c%202020.pdf?hsLang=en They mentioned something like USD 7MM in revenue in the interview posted on the same investor section of the site

[tannin]

Or, for financials ( on any canadian public company ) go to Sedar, similar to U.S. Edgar but, imo, easier by far to use.

[OPENHEIMER]

I wrote a few weeks ago that this stock is going to CAD $ 0.15. I guess I was wrong.  In the next two weeks we will test $ 0.10. Pathetic to see, but no answers to many questions. All in a fog, especially Gambit. What revenues did they have for dishing out USD $5M ? How many subscribers do they have ? This is obvious information that the shareholders should know.  They will get punished

[Partwaythere]

Yes this is disappointing; but keep in mind the insiders have a large stake of shares. Jayson for example; that guy loaded up at 4, 5, 9 cents; and I mean loaded up - millions !!! He would have seen the SP hit 30 cents; then only to come back down to 15.5 cents - bet you he was puking in the Snipp washroom today. I do believe the insiders / ownership is doing it's best to increase value; as it

[stockpickerone!]

disappointing yes but not the companies fault - they pulled a lot of good stuff out of the bag...Ballys invested in them at $0.25 per share merely three weeks or so back...at what was a 40%+ premium to the price int the market - not sure why the stock did not go up to atleast their investment...the fact that they have not reported gambit details and keep saying it was in a pilot should be clear to

[donlin2]

Other than market conditions, the sellers might know something that we don't.     The good news is that we can pick up some more shares to hold for a few more years.

[OPENHEIMER]

You are correct. Sellers know something we don't know, and from what we see the last few weeks, something smells very fish. Insiders would have been loading up by the truckfull if theys saw huge upside opportunities at these price levels. Buying more and holding for another few years might sound good, but we don't know where the bottom is to this stock, and as I have said before we could

[donlin2]

Hopefully, we will get some direction from Atul when the 1Q results are released, hopefully before the end of the month.  Blue sky comments are not enough...... we need some reality.    What we are seeing is a repeat of ths stock's performance over the last few years.   Mapps has a good point about the exchange Snipp is on so again hopefully a solid plan of moving to

[scot5120]

If you're investing in Snipp for short-term EPS than you're likely investing in the wrong company. They are in the heavy growth stage. They are going to be focused on expantion. Their revenus is $20million, that is nothing - that is why nobody cares. Dillilution isn't necessarly bad, it is the ROI on that dillution that is key. In my opionion, this stock is not going to rocket-ship