on Manimal Tales (isin : CA83306Y1025)
Snipp Interactive Announces Strong Fiscal 2024 Results and Key Management Changes
Snipp Interactive Inc. reported its financial results for Q4 and Fiscal 2024, showing significant revenue growth and a positive EBITDA. The company's revenue for the fiscal year reached $22.73 million, with a 22% increase when adjusted for a legacy contract. Q4 revenue was $6.67 million, marking a 19% adjusted growth.
Snipp's gross margin increased to 61% in 2024, up from 31% in the previous year, and Q4 gross margin was 62%, compared to 39% in Q4 2023. The company reported a strong EBITDA turnaround at $703,494 for the fiscal year, improving significantly from a negative EBITDA in 2023.
The company announced the appointment of Malcolm Davidson as Interim CFO, following Richard Pistelli. Snipp plans to apply for a revocation of its Cease Trade Order due to delayed financial filings. A conference call on May 20, 2025, is scheduled to discuss these results.
R. E.
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