Snipp Interactive Reports Q1 2026 Financial Results; Bookings Backlog Reaches Record $20.6 Million; Announces Conference Call on Wednesday, June 3, 2026Vancouver, BC, Canada - June 2, 2026

About this update from Snipp Interactive Inc.

VANCOUVER, BC / ACCESS Newswire / June 2, 2026 / Snipp Interactive Inc. ("Snipp" or the "Company") (TSXV:SPN)(OTCPK:SNIPF), a value-added, AI-powered SaaS company delivering "Marketing Verified from Ad to Aisle," today announced its financial results for the three months ended March 31, 2026 ("Q1 2026"). All results are reported under International Financial Reporting Standards ("IFRS") and in U.S. dollars. A copy of the complete unaudited condensed interim consolidated financial statements and Management's Discussion and Analysis is available on SEDAR+ at www.sedarplus.ca. Q1 2026 reflects continued execution of the transition Snipp announced in connection with its Fiscal 2025 results, including a deliberate shift toward multi-year recurring revenue and a strengthened balance sheet following the CAD $4.5 million strategic financing closed in February 2026. The Company's Bookings Backlog reached $20.6 million at March 31, 2026 - the highest backlog in Snipp's history and an increase of approximately 15% year-over-year - providing significantly enhanced forward revenue visibility as the Company moves through 2026. Year-over-year revenue softness in the quarter reflects the continuation of macroeconomic headwinds - tariff-driven brand-budget caution and shifting client marketing-program timing - that the Company described on its Fiscal 2025 results call. The Company is responding by accelerating the integration of AI across every part of its business and by maintaining cost discipline in advance of the EBITDA inflection the Company is targeting in 2027. Conference Call The Company will host a conference call for investors on Wednesday, June 3, 2026 at 10:00 a.m. Eastern Time to discuss the Company's Q1 2026 results and forward plans. Webcast and dial-in details will be provided in a follow-up announcement prior to the call. Q1 2026 Highlights (Refer to the Non-GAAP Measures, EBITDA, Gross Margin and Bookings Backlog discussion below.) Management Commentary "Q1 2026 was a tougher quarter on the top line than Q1 2025, and I want to be direct about that. Revenue was down approximately 21% year-over-year, reflecting the same macroeconomic headwinds - tariff-driven budget caution, program timing shifts at several large clients - that we described on our Fiscal 2025 results call. But the most ...

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