Snipp Interactive Announces Delay in Filing Audited Fiscal 2024 Financial Statements
Snipp Interactive (TSXV:SPN)(OTC:SNIPF), a Platform-as-a-Service company in the loyalty and promotions sector, has announced a delay in filing its audited financial statements for fiscal year 2024. The company missed the April 30, 2025 deadline due to ongoing testing of transactions, systems, and IT controls by auditors.
CEO Atul Sabharwal emphasized that Snipp maintains current SOC 2 Type 2 and ISO 27001 certifications, demonstrating their IT systems undergo rigorous third-party testing. The company expects to file by May 15, 2025 and maintains that its operational strength and customer relationships remain unaffected by this delay.
Snipp Interactive (TSXV:SPN)(OTC:SNIPF), un'azienda Platform-as-a-Service nel settore della fidelizzazione e delle promozioni, ha annunciato un ritardo nella presentazione dei bilanci finanziari certificati per l'anno fiscale 2024. La società non ha rispettato la scadenza del 30 aprile 2025 a causa di test in corso su transazioni, sistemi e controlli IT da parte degli auditor.
Il CEO Atul Sabharwal ha sottolineato che Snipp mantiene le attuali certificazioni SOC 2 Tipo 2 e ISO 27001, dimostrando che i loro sistemi IT sono sottoposti a rigidi controlli da parte di terzi. L'azienda prevede di presentare la documentazione entro il 15 maggio 2025 e assicura che la sua solidità operativa e le relazioni con i clienti non sono state influenzate da questo ritardo.
Snipp Interactive (TSXV:SPN)(OTC:SNIPF), una empresa Platform-as-a-Service en el sector de fidelización y promociones, ha anunciado un retraso en la presentación de sus estados financieros auditados para el año fiscal 2024. La compañía no cumplió con la fecha límite del 30 de abril de 2025 debido a pruebas continuas de transacciones, sistemas y controles de TI por parte de los auditores.
El CEO Atul Sabharwal enfatizó que Snipp mantiene las actuales certificaciones SOC 2 Tipo 2 e ISO 27001, demostrando que sus sistemas de TI son sometidos a rigurosas pruebas de terceros. La empresa espera presentar la documentación antes del 15 de mayo de 2025 y asegura que su fortaleza operativa y las relaciones con los clientes no se ven afectadas por este retraso.
Snipp Interactive (TSXV:SPN)(OTC:SNIPF)는 로열티 및 프로모션 분야의 플랫폼 서비스 기업으로, 2024 회계연도 감사 재무제표 제출이 지연될 것이라고 발표했습니다. 감사인들이 거래, 시스템 및 IT 통제에 대한 지속적인 테스트를 진행함에 따라 2025년 4월 30일 마감일을 지키지 못했습니다.
CEO 아툴 사바르왈은 Snipp이 현재 SOC 2 타입 2 및 ISO 27001 인증을 유지하고 있어 IT 시스템이 엄격한 제3자 검사를 받고 있음을 강조했습니다. 회사는 2025년 5월 15일까지 제출할 예정이며, 이번 지연이 운영 역량과 고객 관계에 영향을 미치지 않았다고 밝혔습니다.
Snipp Interactive (TSXV:SPN)(OTC:SNIPF), une entreprise Platform-as-a-Service dans le secteur de la fidélisation et des promotions, a annoncé un retard dans le dépôt de ses états financiers audités pour l'exercice 2024. La société n'a pas respecté la date limite du 30 avril 2025 en raison de tests en cours sur les transactions, les systèmes et les contrôles informatiques par les auditeurs.
Le PDG Atul Sabharwal a souligné que Snipp conserve les certifications actuelles SOC 2 Type 2 et ISO 27001, démontrant que leurs systèmes informatiques font l'objet de tests rigoureux par des tiers. L'entreprise prévoit de déposer les documents d'ici le 15 mai 2025 et affirme que sa solidité opérationnelle et ses relations clients ne sont pas affectées par ce retard.
Snipp Interactive (TSXV:SPN)(OTC:SNIPF), ein Platform-as-a-Service-Unternehmen im Bereich Kundenbindung und Promotionen, hat eine Verzögerung bei der Einreichung seiner geprüften Finanzberichte für das Geschäftsjahr 2024 angekündigt. Das Unternehmen hat die Frist zum 30. April 2025 aufgrund laufender Prüfungen von Transaktionen, Systemen und IT-Kontrollen durch die Prüfer nicht eingehalten.
CEO Atul Sabharwal betonte, dass Snipp die aktuellen SOC 2 Typ 2 und ISO 27001 Zertifizierungen beibehält, was zeigt, dass ihre IT-Systeme strengen Tests durch Dritte unterzogen werden. Das Unternehmen erwartet die Einreichung bis zum 15. Mai 2025 und versichert, dass die operative Stärke und Kundenbeziehungen von dieser Verzögerung unberührt bleiben.
- Company maintains SOC 2 Type 2 and ISO 27001 certifications, indicating strong IT security standards
- Operations and customer relationships remain unaffected by the filing delay
- Failure to meet regulatory filing deadline for annual financial statements
- Ongoing auditor concerns regarding IT control systems requiring additional testing
VANCOUVER, BC / ACCESS Newswire / May 2, 2025 / Snipp Interactive Inc. ("Snipp" or the "Company") (TSXV:SPN)(OTC PINK:SNIPF), a Platform-as-a-Service (PaaS) company in the global loyalty and promotions sector, today announced that it was not in a position to file its audited financial statements for the fiscal year ended December 31, 2024, and the related management's discussion and analysis (collectively, the "Annual Filings") by the prescribed filing deadline of April 30, 2025.
The delay in filing is attributable to ongoing testing of the Company's transactions, systems and IT controls by the Company's auditors.
"The Auditors continue to work to gain comfort on our control systems tied to certain components of our IT infrastructure. The Company maintains current SOC 2 Type 2 and ISO 27001 certifications, both of which subject its IT systems to rigorous, independent third-party testing and validation." said Atul Sabharwal, CEO of the company.
The Company continues to work diligently with its auditors to expedite the completion of the Annual Filings and anticipates a filing date of May 15, 2025. The Company will provide updates as appropriate and will notify investors promptly upon filing.
Snipp remains operationally strong, continues to execute on its strategy, and does not expect the delay in filing to impact its underlying business performance or customer relationships.
About Snipp:
Snipp Interactive Inc. (TSXV:SPN)(OTCPK:SNIPF) is a leading Platform-as-a-Service (PaaS) company in the global loyalty and promotions sector. Snipp's proprietary and modular SnippCARE (Customer Acquisition, Retention & Engagement) Platform allows its marquee list of Fortune 500 clients and world-class agencies and partners to use various modules of the Platform to run long-term and short-term programs and promotions, while continually generating and capturing unique zero party data that is invaluable in providing insights to drive sales. SnippCHECK, the Platform's Receipt Processing Module has established itself as an industry leader and standard by powering a large majority of all receipt-based promotions in North America. SnippLOYALTY, the Platform's full scale modular loyalty engine allows clients the flexibility of deploying any/all aspects of a standard loyalty program on a case-by-case basis. SnippREWARDS, the Platform's modular catalogue of digital and physical rewards provides clients with global and easily deployable access to an extensive catalogue of digital and physical rewards. SnippWIN, the Platform's gaming module solves for the implementation and compliance difficulties of offering games of chance and skill on a global basis and allows for the global deployment and administration of legally compliant games of chance and skill. For more information, visit Snipp's website at www.snipp.com and its profile on SEDAR+ at www.sedarplus.ca.
Snipp is headquartered in Vancouver, Canada with a presence across the United States, Canada, Ireland, Europe, and India. Snipp is publicly listed on the TSX Venture Exchange in Canada and is also quoted on the OTC Pink marketplace under the symbol SNIPF.
FOR FURTHER INFORMATION PLEASE CONTACT:
Snipp Interactive Inc.
Richard Pistilli
Chief Financial Officer (Interim)
investors@snipp.com
1-888-99-SNIPP
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as changes in demand for and prices for the products of the company or the materials required to produce those products, labour relations problems, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. The reader is cautioned not to put undue reliance on such forward-looking statements.
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SOURCE: Snipp Interactive Inc.
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FAQ
Why did Snipp Interactive (SNIPF) delay its 2024 financial statements filing?
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