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Snipp Interactive Reports Q2 2025 Financial Results
Snipp Interactive Inc., a global provider of digital marketing solutions, announced its financial results for Q2 2025. Revenue for the quarter rose by 2% compared to Q2 2024. However, operating expenses increased by 20%, reaching $6.4 million, impacting the company's gross margin, which fell to 52% from 64% in the previous year.
The company reported a negative EBITDA of $1.2 million for Q2 2025, marking a decrease from the positive $0.1 million in Q2 2024. The bookings backlog decreased by 12% to $15.2 million. Despite these challenges, cash reserves remained at $3.8 million with no debt.
Although H1 2025 showed a 19% revenue growth to $11.2 million, EBITDA remained negative. Deferred revenues increased significantly, indicating potential future revenue. Snipp is focusing on expanding products like SnippOFFERS and SnippMEDIA, hoping to announce a major partnership soon.
R. H.
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