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SNIPP INTERACTIVE INC - $SNIPF STOCK NEWS

Welcome to our dedicated page for SNIPP INTERACTIVE news (Ticker: $SNIPF), a resource for investors and traders seeking the latest updates and insights on SNIPP INTERACTIVE stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect SNIPP INTERACTIVE's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of SNIPP INTERACTIVE's position in the market.

News
Snipp Interactive Reports 45% Revenue Growth for H1 2023 Bookings Grow 27% Year Over Year Company To Hold Investor Conference Call In Early January 2024
Rhea-AI Summary
Snipp Interactive Inc. (SPN) reports a 45% increase in revenue for H1 2023, reaching $14.0 million, with Q2 2023 and Q1 2023 revenue increasing by 36% and 56% respectively. However, EBITDA saw losses in H1, Q2, and Q1 2023, and the company's expenses have risen due to growth investments. Bookings Backlog stood at $14MM at June 30, 2023, a 27% increase compared to the previous year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.09%
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none
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News
Snipp Interactive Reports Financial Results for Fiscal 2022
Rhea-AI Summary
Snipp Interactive Inc. (SPN on TSXV, SNIPF on OTC PINK) announced its financial results for the year ended December 31, 2022. Revenue reached $24.7 million, a 72% increase from 2021. Gross margin was 38%, EBITDA totaled $22,465, and bookings backlog stood at $11.9 million. The company remains debt-free and held a successful annual general and special meeting of shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.69%
Tags
earnings
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News
Snipp Interactive Provides Corporate Update
Rhea-AI Summary
Snipp Interactive Inc. provides a corporate update, stating that the bookings backlog at the end of Q3 2023 is expected to be over $11 million. Cash at the end of Q3 2023 was $4M, and the Company continues to be debt-free. SnippMedia is expected to launch by the end of the year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.18%
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none
News
Snipp Interactive Provides 2022 Audit Status Update and Reports Preliminary Unaudited Financial Results for Fiscal 2022
Rhea-AI Summary
Snipp Interactive Inc. provides a status update on its audited financial statements and announces preliminary unaudited financial results for the year ended December 31, 2022. The completion of the audit has been delayed due to the identification of a possible prior period adjustment. The adjustment is expected to be less than $500k. Despite this, the company expects positive EBITDA growth and a significant revenue uplift for Fiscal 2021. For Fiscal 2022, the company expects revenue of $24 million to $25 million, representing a 57% to 64% increase compared to Fiscal 2021. Gross Margin is expected to be approximately 38%, EBITDA is expected to be between $0.1 million and $0.2 million, and Bookings Backlog is expected to be approximately $10 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.82%
Tags
earnings
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News
Snipp Interactive Inc. Provides Status Update
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.8%
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none
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News
Snipp Interactive Inc. Provides Status Update
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.64%
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none
News
Snipp Interactive Inc. Provides MCTO Status Update
Rhea-AI Summary
Snipp Interactive provides a status update on its temporary management cease trade order (MCTO). The filing of the Corporation's audited annual financial statements for 2022 will not be completed by the prescribed deadline. The Corporation's board of directors and management are working expeditiously to meet the filing deadline of July 14, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.83%
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none
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News
Snipp Interactive to Present at P2PI Retail Media Summit
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.71%
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conferences
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Snipp Interactive Inc. Provides MCTO Status Update
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.72%
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none
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Snipp Interactive Inc. Provides MCTO Status Update
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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SNIPP INTERACTIVE INC

OTC:SNIPF

SNIPF Rankings

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SNIPF Stock Data

25.98M
235.65M
32.56%
Advertising Agencies
Communication Services
Link
United States of America
Vancouver

About SNIPF

greetings! snipp is a global loyalty and promotions company with a singular focus: to develop disruptive engagement platforms that generate insights and drive sales. our solutions include shopper marketing promotions, loyalty, rewards, rebates and data analytics, all of which are seamlessly integrated to provide a one-stop marketing technology platform. we also provide the services and expertise to design, execute and promote client programs. snippcheck, our receipt processing engine, is the market leader for receipt-based purchase validation; snipployalty is the only unified loyalty solution in the market for cpg brands. snipp has powered hundreds of programs for fortune 1000 brands and world-class agencies and partners. snipp is headquartered in toronto, canada with offices across the united states, canada, ireland, europe, and india. the company is publicly listed on the otcqb, of the otc market in the united states of america, and on the toronto stock venture exchange (tsx) in cana