Snipp Interactiv Stock Price, News & Analysis

Snipp Interactive Inc. (TSXV:SPN)(OTC PINK:SNIPF) reported a historic first quarter in 2022, achieving total sales bookings exceeding USD $4.5 million. Notably, over 40% of these bookings originated from new markets beyond traditional Consumer Packaged Goods (CPG) clients. The company's bookings backlog rose over 30% year-over-year to more than USD $10 million. Snipp anticipates significant revenue growth compared to the prior year and expects to maintain positive EBITDA. CEO Atul Sabharwal highlighted the impact of new customer wins and the company's strategy in expanding into various industries.

Snipp Interactive Inc. (OTC PINK: SNIPF) announces that its Gambit Rewards division has been shortlisted for the 2022 International Loyalty Awards in the category of Best Loyalty Industry Innovation. This recognition reflects Gambit's innovative approach to gamifying loyalty programs by allowing users to convert loyalty points into Gambit Play Tokens for online gaming and sports betting without real money risk. Launched in 2019, Gambit has positioned itself to access the estimated US$100B of unused loyalty points in America, enhancing engagement in the growing online gaming sector.

Snipp Interactive (OTC PINK: SNIPF) has completed its acquisition of Gambit Digital Promotions for US$5 million, integrating loyalty programs with online gaming and sports betting. Gambit’s platform allows users to convert loyalty points into free-to-play tokens, tapping into a US$60B+ online gaming market. This acquisition is expected to create new revenue opportunities through Snipp's SnippCARE platform. Gambit has also seen increased interest in partnerships since joining Snipp, indicating strong market potential in iGaming and sports betting.

Snipp Interactive Inc. (TSX-V:SPN; OTC PINK:SNIPF) has launched its first promotion for Gambit Rewards Inc., a significant player in North America's gaming sector. The promotion, exclusive to New York residents, offers 1,000 free Gambit Tokens and up to $1,500 in cash bonuses. Snipp's SnippCARE platform powers the pilot, aimed at refining future operations across permitted states. With the pending acquisition of Gambit, Snipp plans to deepen integration with their platform, leveraging loyalty points for engaging online gaming experiences.

Snipp Interactive (TSXV:SPN, OTC PINK:SNIPF) reported preliminary unaudited Q4 2021 financial results, showcasing significant growth. EBITDA surged over 300% year-over-year to exceed $700,000, while revenue doubled to over $4,000,000. The gross margin remained robust above 60%. Furthermore, the bookings backlog reached a record of over $10,000,000. The company continues to expand, securing contracts with Fortune 50 companies and completing SOC Type 1 certification.

Snipp Interactive (OTC PINK:SNIPF) announced a binding acquisition of Gambit Digital Promotions for US$5 million, with US$0.3 million in cash and US$4.7 million in stock. This strategic acquisition connects Snipp to the US$60 billion online gaming market, leveraging Gambit's platform that converts unused loyalty points into gaming tokens. This move is expected to unlock US$100 billion in loyalty points, enhancing customer engagement in iGaming. The acquisition is subject to regulatory approvals, with closing expected soon. Key leaders from both companies will discuss the acquisition at the ICR Conference today.

Snipp Interactive Inc. (TSXV:SPN)(OTC PINK:SNIPF) will present at the ICR Virtual Conference on January 11, 2022, at 4:30 PM ET. CEO Atul Sabharwal will share insights about the company's future plans to potential investors. The ICR Conference connects management teams with institutional investors and features over 300 companies, attracting more than 2,500 attendees. A live and archived webcast of the presentation will be available on Snipp's Investor Information page.

Snipp Interactive Inc. (TSXV:SPN)(OTCPK:SNIPF) successfully held its annual general and special meeting on December 30, 2021. All resolutions proposed were approved by shareholders, including the re-election of board members Thomas J. Burgess, Brian J. Tunick, Sarfaraz Haji, and Atul Sabharwal. The meeting also led to the appointment of Davidson & Company LLP as the company's auditor and gained approval for an amended stock option plan. CEO Atul Sabharwal expressed gratitude for shareholder support, highlighting a strong foundation for growth heading into 2022.

Snipp Interactive Inc. announced it has achieved USD $20MM in sales bookings for 2021, marking an 85% growth over 2020. This milestone was reached with just weeks remaining in the year, driven by contracts from a diverse range of clients, including a Fortune 50 company and a Top 5 Market Research Company. The company remains optimistic about continuing momentum and aims to provide investors with detailed results soon. With a debt-free balance sheet, Snipp is well-positioned for further expansion in the upcoming year.