Snipp Interactive Reports Strong Q1 2025 Financial Results

Snipp Interactive ( (TSE:SPN) ) just unveiled an update.

Snipp Interactive reported a strong start to 2025 with a 37% increase in Q1 revenue, reaching $6.4 million compared to the previous year. The company achieved a gross margin of 60% and a positive EBITDA of $0.3 million, marking its fourth consecutive quarter of positive EBITDA. The bookings backlog grew by 16% to $17.9 million, and the company remains debt-free with $5.8 million in cash. These results indicate a strengthening financial foundation and highlight the growing demand for Snipp’s solutions, positioning the company for future growth despite potential macroeconomic challenges.

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 enhancing client engagement through its innovative platform, catering to a diverse range of industries seeking to improve their promotional strategies and customer loyalty programs.

Average Trading Volume: 159,800

Technical Sentiment Signal: Sell

Current Market Cap: C$20.03M

Find detailed analytics on SPN stock on TipRanks’ Stock Analysis page.