Snipp Interactive Secures Major Contract and Engages Market Maker

Snipp Interactive ( (TSE:SPN) ) has issued an update.

Snipp Interactive has secured a significant six-figure contract with a major North American satellite TV provider, marking a substantial step in its expansion within the media and entertainment industry. This contract involves managing the client’s loyalty sweepstakes program, leveraging Snipp’s advanced capabilities in AI-powered personalization and fraud prevention. Additionally, Snipp has engaged Independent Trading Group to provide market-making services to enhance the liquidity of its shares, further solidifying its position in the market.

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 leading Platform-as-a-Service (PaaS) company in the global loyalty and promotions sector. It offers a proprietary and modular platform, SnippCARE, which supports Fortune 500 clients and agencies in running various promotional programs. The platform includes modules like SnippCHECK for receipt processing, SnippLOYALTY for loyalty program management, and SnippREWARDS for digital and physical rewards, making it a prominent player in North America’s receipt-based promotions.

Average Trading Volume: 190,774

Technical Sentiment Signal: Sell

Current Market Cap: C$18.6M

See more insights into SPN stock on TipRanks’ Stock Analysis page.