Snipp Interactive Inc
XTSX:SPN
Snipp Interactive Inc
Snipp Interactive, Inc. is a global loyalty and promotions company. The company is headquartered in Vancouver, British Columbia. The company went IPO on 2010-08-25. The firm provides a full suite of mobile marketing, rebates and loyalty solutions in the United States, Canada and internationally. Its SnippCARE Platform (the Platform) allows its marquee list of 1000 Clients and agencies and partners to use various modules of the platform to run long-term and short-term programs and promotions. SnippCHECK, the Platform’s Receipt Processing Module powers many receipt-based promotions in North America. SnippLOYALTY is the Platform’s full scale modular loyalty. SnippREWARDS is the Platform’s modular 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.
Snipp Interactive, Inc. is a global loyalty and promotions company. The company is headquartered in Vancouver, British Columbia. The company went IPO on 2010-08-25. The firm provides a full suite of mobile marketing, rebates and loyalty solutions in the United States, Canada and internationally. Its SnippCARE Platform (the Platform) allows its marquee list of 1000 Clients and agencies and partners to use various modules of the platform to run long-term and short-term programs and promotions. SnippCHECK, the Platform’s Receipt Processing Module powers many receipt-based promotions in North America. SnippLOYALTY is the Platform’s full scale modular loyalty. SnippREWARDS is the Platform’s modular 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.
Revenue Decline: Q3 revenue fell 13% year-over-year to $5.8 million due to slower client program launches, but the company maintained a healthy backlog.
Profitability: Despite lower revenue, Snipp Interactive delivered positive EBITDA ($0.5 million) and net income, helped by cost reductions.
Deferred Revenue: Deferred revenue increased to $6.9 million, indicating strong future revenue potential as programs launch.
Strong Backlog: Bookings backlog remained solid at over $15 million, supporting future revenue visibility.
Inmar Partnership Launch: The new partnership with Inmar Intelligence was soft-launched, showing strong early engagement and is expected to fully roll out in Q4.
Margins: Gross margin improved to 64% from 62% a year ago, with management expecting similar margin levels going forward.
Cost Discipline: The company continues to focus on further cost reductions and operational efficiency into next year.
