Snipp Interactive Reports Strong Financial Growth and Management Changes

An update from Snipp Interactive ( (TSE:SPN) ) is now available.

Snipp Interactive reported significant financial improvements for Q4 and Fiscal 2024, with a 22% adjusted revenue growth and a gross margin increase to 61%. The company achieved a positive EBITDA of $703,494, marking a substantial turnaround from the previous year’s negative EBITDA. Snipp also announced management changes, with Malcolm Davidson appointed as Interim CFO, and plans to address a Failure to File Cease Trade Order due to delayed financial filings.

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 global provider of digital marketing promotions, rebates, and loyalty solutions. The company focuses on offering scalable, higher-margin revenue streams and has established relationships with global brands.

Average Trading Volume: 160,706

Technical Sentiment Signal: Sell

Current Market Cap: C$20.03M

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