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Snipp Interactive Inc. (V:SPN)

Business Focus: Advertising & Marketing (NEC)

Sector:  Consumer Cyclicals Industry:  Advertising & Marketing
 
Company Contact
Address: Suite 1700, 666 Burrard Street
VANCOUVER BC V6C 2X8
Tel: 1-888-9976477
Website: https://www.snipp.com
IR: See website
Key People
Atul Sabharwal
Chief Executive Officer, Director
Jaisun Garcha
Chief Financial Officer, Corporate Secretary
Rahoul Roy
Chief Legal Officer, Executive Vice President - Corporate Development
Wayne Weng
Chief Technology Officer
Tom Treanor
Chief Marketing Officer
Christopher Cubba
Chief Revenue Officer
Business Overview
Snipp Interactive Inc. is a Canada-based Platform-as-a-Service company. The Company's modular SnippCARE (Customer Acquisition, Retention & Engagement) Platform allows its marquee list of clients and 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 zero party data that provides insights to drive sales. The Platform's Receipt Processing Module, SnippCHECK, provides receipt-based promotions in North America. The Platform's full-scale modular loyalty engine, SnippLOYALTY, allows clients to deploy any/all aspects of a standard loyalty program on a case-by-case basis. The Platform's modular catalogue of digital and physical rewards, SnippREWARDS, provides clients with global and deployable access to a catalogue of digital and physical rewards. The Platform's gaming module, SnippWIN, allows the global deployment and administration of legally compliant games of chance and skill.
Financial Overview
For the nine months ended 30 September 2023, Snipp Interactive Inc revenues increased 28% to $22.6M. Net loss increased from $468K to $3.1M. Revenues reflect United States segment increase of 43% to $20.8M, Ireland segment increase of 18% to $694K. Higher net loss reflects Campaign infrastructure increase of 56% to $16.2M (expense), Salaries and compensation increase of 29% to $6.4M (expense).
Reporting Currency: U.S. Dollars
Enterprise value: $26.77M as of Sep 30, 2023
Annual revenue (TTM): $40.20M as of Sep 30, 2023
EBITDA (TTM): -$4.40M as of Sep 30, 2023
Net annual income (TTM): -$5.48M as of Sep 30, 2023
Free cash flow (TTM): -$1.65M as of Sep 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 286,113,829 as of Feb 6, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization