Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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.