Snipp Interactive Delays Fiscal 2024 Financial Statement Filing

The latest announcement is out from Snipp Interactive ( (TSE:SPN) ).

Snipp Interactive Inc. announced a delay in filing its audited financial statements for the fiscal year ending December 31, 2024, due to ongoing testing of its transactions and IT controls by auditors. Despite the delay, the company remains operationally strong, continues to execute its strategy, and anticipates completing the filings by May 15, 2025. The delay is not expected to impact Snipp’s business performance or customer relationships.

Spark’s Take on TSE:SPN Stock

According to Spark, TipRanks’ AI Analyst, TSE:SPN is a Neutral.

Snipp Interactive’s overall stock score reflects significant challenges in financial performance due to declining revenue and profitability issues. While the earnings call provided some optimism with record EBITDA and improved margins, technical indicators and valuation metrics remain weak. The stock’s attractiveness is limited by ongoing net losses and a lack of dividend yield, suggesting cautious investor sentiment.

To see Spark’s full report on TSE:SPN stock, click here.

More about Snipp Interactive

Snipp Interactive Inc. is a Platform-as-a-Service (PaaS) company operating in the global loyalty and promotions sector. It offers a modular platform, SnippCARE, which supports customer acquisition, retention, and engagement for Fortune 500 clients and agencies. The platform includes modules like SnippCHECK for receipt processing, SnippLOYALTY for loyalty programs, SnippREWARDS for digital and physical rewards, and SnippWIN for gaming solutions. Snipp is headquartered in Vancouver, Canada, with a presence in the United States, Canada, Ireland, Europe, and India, and is publicly listed on the TSX Venture Exchange and OTC Pink marketplace.

YTD Price Performance: -16.67%

Average Trading Volume: 149,420

Technical Sentiment Signal: Buy

Current Market Cap: C$21.46M

For a thorough assessment of SPN stock, go to TipRanks’ Stock Analysis page.