Snipp Interactive Inc. (SPN) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Let's start. I think we have a good sized audience today. Good morning and welcome to the SNIP interactive third 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 call contains forward-looking statements within the meaning of the applicable securities 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 CDAR 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. The third quarter continued to reflect the trends that I had previously spoken about that we had first observed in the second quarter. Clients continue to be holding out in budgets and program launches. The state of confusion, as I had mentioned in my previous quarterly call, sustained into the third quarter, where we continue to close business, but not launch programs at the same pace, affecting revenue recognition in the short term. but adding to our deferred revenue, which bodes well for the future. The difference, however, with this quarter is we were prepared operationally to adjust to this new operating paradigm. And consequently, I'm happy to say we delivered not just cash flow from operations, but also positive EBITDA and net income on a reduced revenue base. While our revenue recognition, as was the case in the second quarter...