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Snipp Interactive Announces Q1 2025 Financial Results
Snipp Interactive Inc., a global provider of digital marketing solutions, reported robust financial results for Q1 2025. Revenues reached $6.4 million, marking a 37% increase from Q1 2024's $4.7 million. Gross margin improved to 60% from 54% in the previous year. EBITDA turned positive at $0.3 million, a $0.9 million improvement from the previous year's loss.
The company's bookings backlog grew to $17.9 million, a 16% rise, showing increasing demand for its services. Operating activities generated a record $2.3 million in cash, and Snipp concluded the quarter with $5.8 million in cash, maintaining a debt-free status.
A conference call for investors will be held on June 3, 2025, to discuss these results and future plans. Investors can join via the provided weblink or dial-in numbers.
R. E.
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