Snipp Interactive Inc. (SPN) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the Smith Interactive First Quarter 2025 Earnings Conference Call. At this time, all participants are in listen-only mode. Following the company's prepared remarks, we will open the call for questions. Please note that today's call is being recorded. Before we begin, I'd like to remind everyone that today's calls contain forward-looking statements within the meaning of accessible security laws. These statements are based on our current expectations and involve risks and uncertainties that could cause actual results to differ materially. For a discussion of these risks and uncertainties, please refer to our public filings available on Stata and our Investor Relations website. We do not undertake any obligation to update any forward-looking statements made during this call, except as required by law. Good morning, everyone, and thank you for joining us. We entered 2025 with positive momentum, and I'm pleased to report that our first quarter results reflect a strong and steady continuation of that trend. Revenue grew 37% year over year to $6.4 million. Gross margins expanded to 60% and we delivered a fourth consecutive quarter of positive EBITDA, a 0.9 million improvement over the same period last year. Perhaps most notably, we generated 2.3 million in operating cash flow, the highest quarterly total in our company's history. These results speak directly to the strength of our model as we focus on high-margin, platform-driven solutions, which can improve financial performance, not in isolation, but as the natural result of growing customer demand and disciplined execution. C1 revenue growth was among the strongest we've seen in several years and we are very pleased with how the year has started. That said, I want to be prudent in managing exp...