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Snipp Interactive Inc (TSE:SPN)
:SPN
RESEARCH TOOLSreports
Earnings Data
Report Date
Sep 02, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
0Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Jun 02, 2025
|% Change Since: 14.29%
|Next Earnings Date:Sep 02, 2025
Earnings Call Sentiment|Positive
The call highlighted significant achievements in profitability, margin improvement, and strategic growth initiatives, despite a notable revenue decline and temporary trading suspension. The company's strong financial position and strategic partnerships position it well for future growth.Company Guidance
During the Snipp Interactive Fourth Quarter and Full Fiscal Year 2024 Earnings Conference Call, several key metrics and strategic insights were shared. The company reported a revenue of $22.89 million for fiscal year 2024, representing a 25% decrease from 2023, largely due to the planned exit from a low-margin legacy contract. However, core revenue demonstrated a healthy 28% CAGR over the last three years. Notably, Snipp achieved record EBITDA of $703,000 for the year, a significant improvement from a $1.91 million loss in 2023, with a Q4 EBITDA of $582,000. Gross margins also improved, reaching 61% for the year and 62% in Q4. The company's bookings backlog increased by 30% to $17.3 million. Despite a temporary trading halt due to a delayed audit filing, Snipp remains debt-free with $3.7 million in cash. Strategic achievements included a major contract with a global food and beverage company and ongoing expansion efforts in Europe. Looking ahead, Snipp is focused on leveraging its platform for sustainable growth, supported by a strong pipeline and client momentum. The company is also investing in new products and talent to scale its operations, all while navigating potential market uncertainties.Record EBITDA Achievement
Snipp Interactive delivered the highest annual and quarterly EBITDA in the company's history for the fourth quarter of 2024, reaching $703,000 for the year, a major improvement from a $1.91 million loss in 2023.
Gross Margin Improvement
Gross margin for the year expanded to 61%, up from 31% in 2023. In Q4, gross margin was 62%, up from 39% in the same quarter last year.
International Expansion Success
Snipp continued to expand internationally, with significant progress in Europe, including new contracts with Colgate Palmolive and Hikoki Group across multiple countries.
Strong Backlog and Cash Position
Bookings backlog at year-end stood at $17.3 million, up 30% compared to the end of 2023. The company ended the year with $3.7 million in cash and remains debt-free.
Strategic Partnerships and New Contracts
Snipp signed a major contract with one of the world's largest food and beverage companies, and expanded its financial media network in partnership with Bank of America.
TSE:SPN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:SPN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jun 02, 2025 | C$0.07 | C$0.07 | 0.00% |
May 16, 2025 | C$0.07 | C$0.07 | 0.00% |
Dec 02, 2024 | C$0.08 | C$0.09 | +12.50% |
Aug 27, 2024 | C$0.08 | C$0.08 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Snipp Interactive Inc (TSE:SPN) report earnings?
Snipp Interactive Inc (TSE:SPN) is schdueled to report earning on Sep 02, 2025, TBA Not Confirmed.
What is Snipp Interactive Inc (TSE:SPN) earnings time?
Snipp Interactive Inc (TSE:SPN) earnings time is at Sep 02, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:SPN EPS forecast?
Currently, no data Available