Snipp Interactive Reports Q1 2025 Financial Results - Company to Hold Investor Conference Call on June 3, 2025

About this update from Snipp Interactive Inc.

Snipp Interactive Reports Q1 2025 Financial Results - Company to Hold Investor Conference Call on June 3, 2025VANCOUVER, BC / ACCESS Newswire / June 2, 2025 / Snipp Interactive Inc. ("Snipp" or the "Company") (TSX-V:SPN)(OTCPK:SNIPF), a global provider of digital marketing promotions, rebates and loyalty solutions, announces its financial results for the three months ended March 31, 2025 ("Q1 2025"). All results are reported under International Financial Reporting Standards ("IFRS") and in US dollars. A copy of the complete unaudited interim financial statements and management's discussion and analysis are available on SEDAR+ (www.sedarplus.ca).The Company also announces conference call details for investors taking place on Tuesday, June 3rd, 2025, at 10:00am Eastern Time (US) to discuss the Company's recent financial results and plans for the year.The conference call will be available via the following weblink or dial-in options.Weblink: https://v.ringcentral.com/join/580664002Dial-in: for parties in the United States dial +1-650-419-1505 and parties in Canada dial +1-437-800-0918, and then enter Meeting ID: 580664002. Parties joining from other locations can refer to additional dial-in numbers based on your location listed at the following website and use the same Meeting ID referenced above: https://v.ringcentral.com/teleconferenceQ1 2025 Highlights(Refer to Non-GAAP Measures, Gross Margin, EBITDA and Bookings Backlog discussion below)Revenue for the three months ended March 31, 2025 ("Q1 2025") increased by 37% compared to the three months ended March 31, 2024 ("Q1 2024"). Revenue for Q1 2025 was $6.4 million compared to $4.7 million for Q1 2024.Gross Margin was 60% for Q1 2025 compared to 54% for Q1 2024.EBITDA in Q1 2025 was positive $0.3 million vs Q1 2024 EBITDA loss of ($0.6) million, an EBITDA improvement of $0.9 million.Bookings Backlog (programs that have been sold, but whose revenues have not yet been recognized) stood at $17.9MM at March 31, 2025, an increase of 16% compared to March 31, 2024 of $15.4MM.Cash at the endof Q1 was $5.8 million and the company continues to be debt free.Cash flows generated by operating activities was $2.3 million, the highest quarterly amount in the Company's history."Our first quarter results reflect a strong start to the year, with solid revenue growth, improved margins, and our fourth consecutive quarter of p...

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