- Snipp Interactive (SNIPF, Financial) reported a 37% increase in revenue for Q1 2025, reaching $6.4 million.
- The company achieved a gross margin of 60%, up from 54% in Q1 2024, and recorded a positive EBITDA of $0.3 million.
- Bookings backlog rose by 16% to $17.9 million, signaling strong future revenue potential.
Snipp Interactive, Inc. (SNIPF), a global provider of digital marketing solutions, has reported a robust performance for the first quarter of 2025, demonstrating significant year-over-year growth. The company's revenue surged by 37% to $6.4 million, marking a substantial increase from the $4.7 million recorded in the same quarter of 2024.
The company improved its gross margin to 60% compared to 54% in Q1 2024, reflecting enhanced operational efficiency. Snipp Interactive also posted positive EBITDA of $0.3 million, transitioning from a $0.6 million loss in the previous year. This marks the fourth consecutive quarter of positive EBITDA, indicating a stable upward trajectory in financial performance.
Snipp Interactive’s bookings backlog witnessed a 16% growth, totaling $17.9 million, which underscores the company’s expanding client engagements and future revenue prospects. As of the quarter's end, Snipp maintained a solid financial position with $5.8 million in cash and remained debt-free, achieving a record quarterly operating cash flow of $2.3 million.
Leadership acknowledged the positive momentum from initiatives such as SnippMEDIA and SnippOFFERs while remaining vigilant regarding potential macroeconomic challenges that could impact client marketing plans. An investor conference call is scheduled for June 3, 2025, at 10:00 am Eastern Time, to further discuss these results and future strategies.
