Snipp Interactive reports Q1 results

May 31, 2022 1:00 AM ETSnipp Interactive Inc. (SNIPF) Stock, SPN:CA StockBy: Meghavi Singh, SA News Editor
  • Snipp Interactive press release (OTCPK:SNIPF): Q1 net income totaled $25.15K, as compared to a net loss in Q1 2021 of $0.18M.
  • Revenue of $4.21M (+63.8% Y/Y).
  • Gross margin was 56%, as compared to 68% in Q1 2021.
  • EBITDA totaled $0.3M, which represents an increase of 105%.
  • Bookings Backlog stood at $10.8M at March 31, 2022, an increase of 44% compared to March 31, 2021 of $7.5M.

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