Welcome to our dedicated page for Snipp Interactiv news (Ticker: SNIPF), a resource for investors and traders seeking the latest updates and insights on Snipp Interactiv stock.
Snipp Interactive Inc. (SNIPF) is a Platform-as-a-Service (PaaS) company in the global loyalty and promotions sector, and its news flow reflects activity across digital marketing promotions, rebates, and loyalty solutions. On this page, readers can review press releases and updates that the company has issued about client wins, contract extensions, product deployments, partnerships, and financial performance.
Recent news from Snipp highlights agreements and renewals with leading consumer packaged goods, food manufacturing, FMCG, and pet care brands. Announcements describe points-based loyalty programs, purchase-based promotional campaigns, and multi-brand rewards initiatives that use Snipp’s SnippCARE platform, SnippCHECK receipt processing, SnippLOYALTY engine, SnippREWARDS catalogue, and AI-powered fraud prevention tools. These stories provide insight into how brands are using receipt uploads, pack codes, and engagement activities to reward consumers and professionals, and how Snipp’s technology supports data collection, basket analysis, and program optimization.
Investors and observers can also find updates on Snipp’s Financial Media Network (FMN) and media partnerships, such as its collaboration with Inmar Intelligence to bring digital grocery incentives into consumer banking applications. Financial results releases, including quarterly updates, offer context on revenue trends, gross margin, EBITDA, bookings backlog, and deferred revenue, as well as commentary from management on operating conditions and platform momentum.
In addition, corporate governance and capital markets news, such as annual general and special meeting results or changes in market-making arrangements, appear in the company’s announcements. For anyone tracking SNIPF, this news page provides a centralized view of how Snipp’s loyalty, promotions, and media offerings are being adopted by clients and how the business is evolving over time.
Snipp Interactive Inc. (SNIPF) reported Q3 2020 financial results, showing a 141% increase in EBITDA, reaching $106,968, compared to a loss of $258,532 in Q3 2019. Revenue climbed by 6% year-over-year to $2,132,521. Although gross margin decreased to 73% from 77%, significant cost reductions were noted: salaries and compensation fell 14%, and general admin expenses decreased by 51%. Snipp has achieved positive EBITDA for three consecutive quarters and aims for continued revenue and EBITDA growth in Q4.
Snipp Interactive has secured approval from the TSX Venture Exchange for a shares-for-debt transaction, resolving $130,000 in indebtedness to related parties. This involved issuing 8,666,667 common shares at a price of $0.015 per share, effectively extinguishing the debt. The shares are subject to a four-month hold period and were issued under exemptions from certain regulatory requirements.
Snipp, headquartered in Vancouver, offers digital marketing promotions, rebates, and loyalty solutions, focusing on providing a comprehensive marketing technology platform.