Post by
prophetoffactz on Aug 27, 2024 12:45pm
Record bookings backlog, return to EBITDA positive and...
Atul Sabharwal continued, "Looking ahead, we are poised for a strong third quarter, with expectations for significant revenue increases in our core Snipp business and continued margin improvements. As we have stated in the past, our elevated backlog indicates that the Company's profitability will scale in the second half of the year when promotional activity is typically stronger. We are very pleased with our progress in repositioning our revenue mix and expect the core Snipp business to scale substantially given our new hires this past year, driving incremental margin and a sustained path towards EBITDA profitability."
Comment by
sportsman80 on Aug 28, 2024 11:44am
Congratulations, revenue and margins are back to 2021/2022 levels - 3 years to get back to where they started and continuing to talk about all the magnificant upside of their core business. Stock price is still ridiculous, we are trading at the same market cap as the current bookings backlog.
Comment by
francoisl13 on Aug 28, 2024 12:15pm
Yup, congratulations Atul and team! The stock price shows how much credibility the existing SPN management team has with the investment community. P.S. Well, I guess that everything they said in the past shouldn't be taken into account since they are now promoting AI as part of their offering, right?