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Snipp Interactive Inc (TSE:SPN)
:SPN
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
0Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 02, 2024
|% Change Since: 12.50%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong turnaround with record EBITDA and improved gross margins, despite a decline in revenue due to strategic contract terminations. The company's focus on high-margin contracts and platform expansions, such as SnippMedia, positions it for future growth. However, the persistence of a net loss and increased operational costs pose ongoing challenges.Company Guidance
During the Q3 2024 earnings call for Snipp Interactive, key metrics highlighted a pivotal quarter for the company. The quarter saw a record EBITDA of $708,649, a significant turnaround from a $600,000 EBITDA loss in the first half of the year. Gross margins improved dramatically to 62% from 32% the previous year, primarily due to transitioning away from a low-margin legacy contract. Despite a 22% year-over-year revenue decline to $6.65 million, the core business remained robust, supported by over 90 clients, including Fortune 1000 members. The company's bookings backlog reached a record $15.5 million, up from $14.5 million a year ago, indicating sustained growth. Snipp also reported a positive year-to-date EBITDA of $120,866, a strong improvement from a $1.94 million loss in the previous year. The cash balance increased to $4.6 million as of September 30, 2024, with the company remaining debt-free, positioning it well for future growth.Record EBITDA Achievement
Snipp reported a record EBITDA of $708,649 for Q3 2024, marking the highest in the company's history and highlighting significant operational improvements.
Gross Margin Improvement
Gross margin for Q3 2024 surpassed 62%, up from 32% in the same period last year, due to strategic transitions away from low-margin contracts.
Positive EBITDA for 2024
The company achieved a positive EBITDA of $120,866 for the first nine months of 2024, a turnaround from a $1.94 million loss in the same period last year.
Growth in Bookings Backlog
Bookings backlog reached a new record of $15.5 million as of September 30, 2024, compared to $14.5 million a year ago.
Cash Balance Increase
Cash balance increased to $4.6 million as of September 30, 2024, from $2.9 million at the end of 2023, and the company remains debt-free.
SnippMedia Expansion
SnippMedia, launched with Bank of America and Amplify, reaches over 30 million monthly active users and is expanding with further integrations planned for 2025.
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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
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TSE:SPN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 02, 2024 | C$0.08 | C$0.09 | +12.50% |
| Aug 27, 2024 | C$0.08 | C$0.08 | 0.00% |
| May 31, 2024 | C$0.10 | C$0.11 | +10.00% |
| Apr 30, 2024 | C$0.12 | C$0.12 | 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.
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FAQ
When does Snipp Interactive Inc (TSE:SPN) report earnings?
Snipp Interactive Inc (TSE:SPN) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Snipp Interactive Inc (TSE:SPN) earnings time?
Snipp Interactive Inc (TSE:SPN) earnings time is at May 06, 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
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