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Snipp Interactive (SPN) AI Stock Analysis

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TSE:SPN

Snipp Interactive

(TSXV:SPN)

Select Model
Rating:46Neutral
Price Target:CAD 0.03▼(-2.86% Downside)
Action:reiterated
Date:09/06/26

The score is held back primarily by still-negative profitability and increased leverage despite a notable revenue/gross margin rebound and improved (but volatile) cash generation. Technicals also lean soft with negative MACD and the price below longer-term moving averages. Offsetting factors include a cautiously improving operating picture from the earnings call (positive EBITDA in Q2, stronger backlog, and early AI productivity benefits), but management’s guidance remains conservative and points to a 2027 profitability inflection target.

Positive Factors
Contracted BacklogA backlog made up only of signed customer contracts provides meaningful revenue visibility and supports conversion over the coming quarters. Its 26% year-over-year growth indicates stronger contracted demand, while the scale relative to quarterly revenue creates a substantial execution opportunity.
Negative Factors
Persistent UnprofitabilityThe company has not yet demonstrated sustained profitability, and management explicitly treats 2027 as the target for a durable earnings inflection. Continued losses reduce internal funding capacity and leave the business dependent on successful execution before its improved operating model can compound.

Snipp Interactive (SPN) vs. iShares MSCI Canada ETF (EWC)

-40%-30%-20%-10%0%10%20%30%TSE:SPN-36.36%EWC+21.27%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
CAD 10.05M
Dividend Yield
―
Average Volume (3M)
154.43K
Price to Earnings (P/E)
-4.8
Beta (1Y)
1.93
Revenue Growth
-11.89%
EPS Growth
-18.33%
Country
Canada
Employees
95
Sector
General
Sector Strength
55
Industry
Advertising Agencies

Snipp Interactive Business Overview & Revenue Model

Company Description

Operating as a specialist in loyalty and promotional solutions, Snipp Interactive Inc. develops marketing engagement platforms that cater to clients across the United States, Canada, Ireland, and other international markets. The company's comprehensi...

How the Company Makes Money

Snipp primarily makes money by selling access to its marketing and loyalty software platform and by charging for the delivery and operation of promotional programs executed on that platform. Key revenue streams typically include: (1) Software/platfor...

Snipp Interactive Earnings Call Summary

Earnings Call Date:Aug 27, 2026(Q2-2026)|% Change Since:-12.50%|Next Earnings Date:May 29, 2019
Earnings Call SentimentPositive

The call was cautiously optimistic. Q2 showed substantial year-over-year revenue growth, a return to positive EBITDA, an 89% reduction in net loss, improving cash flow, strong backlog relative to the prior year, and initial evidence of AI-related productivity gains. However, first-half revenue remained slightly below the prior year, macro uncertainty and client budget caution persisted, quarterly results remained lumpy, and management emphasized that sustained profitable growth is still a 2027 target rather than an established trend.

Positive Updates

Q2 Revenue Growth and Strongest Quarter in Five
Revenue was $6 million in Q2, up 19% sequentially and 25% year-over-year, representing the company's strongest quarter in five quarters and its highest revenue quarter since Q1 2025. Management attributed the increase to contracted backlog converting into revenue across clients rather than to one specific product or customer category.

Negative Updates

First-Half Revenue Slightly Declined
First-half revenue was $11.1 million versus $11.2 million in the prior-year period, a decrease of 1.5%. Management noted that Q1 revenue was down 21% year-over-year, partially offset by Q2 growth of approximately 25%.

Company Guidance

Management said the inflection they are targeting is 2027, defined as “sustained profitable growth,” while “discipline this year, acceleration next year”; for the rest of this year, “if we can keep our backlog where it is, in this range, I think we'd be very happy to end the year on the same level.” Further AI-related actions completed at the end of the second quarter and in July are “expected to begin to flow through from the third quarter onward,” and “by the end of 2026,” management expects Snipp to be “a different company measured from the perspective of cost structure,” subject to risks and uncertainties; management is not putting a dollar figure on AI-driven savings. It said the one quarter of positive EBITDA is “not an inflection” and should not be modeled as one “just as yet,” noting that first-half revenue is still marginally below last year and quarters “will continue to be lumpy.”

Snipp Interactive Financial Statement Overview

Summary

Revenue and gross margin have rebounded sharply (TTM revenue ~5x vs prior annual period; gross margin ~27% vs negative previously), but the company remains unprofitable (TTM net margin ~-6.8%). Leverage has increased meaningfully (debt-to-equity ~0.74) and cash flow has improved to positive operating/free cash flow, though free cash flow is volatile and down sharply versus the prior year.

Income Statement

34Negative

Balance Sheet

52Neutral

Cash Flow

45Neutral
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Sep 2023Mar 2022
Income Statement
Total Revenue21.69M22.40M22.73M30.55M24.66M15.28M
Gross Profit5.85M-101.20K2.82M591.87K2.51M3.07M
EBITDA-106.11K-1.09M-184.81K-2.27M-827.47K1.03M
Net Income-1.47M-2.52M-1.01M-3.38M-1.39M2.13M
Balance Sheet
Total Assets18.18M13.52M15.21M13.43M15.50M7.45M
Cash, Cash Equivalents and Short-Term Investments6.22M3.37M4.72M4.14M5.55M1.74M
Total Debt3.09M463.18K495.66K526.53K00
Total Liabilities13.98M9.05M8.90M7.00M6.16M3.89M
Stockholders Equity4.19M4.47M6.31M6.43M9.34M3.56M
Cash Flow
Free Cash Flow243.01K776.12K767.25K-2.69M-868.81K224.64K
Operating Cash Flow830.25K791.42K2.00M-1.40M19.33K1.02M
Investing Cash Flow-1.64M-1.25M-1.23M-1.29M-877.81K-1.10M
Financing Cash Flow3.17M-9,464231.62K-14.84K5.07M19.63K

Snipp Interactive Technical Analysis

Technical Analysis SentimentNegative
Last Price0.04

Price Trends

50DMA0.04Negative
100DMA0.04Negative
200DMA0.04Negative

Market Momentum

MACD-0.00Negative
RSI42.84Neutral
STOCH33.33Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SPN, the sentiment is Negative. The current price of 0.04 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.04, and below the 200-day MA of 0.04, indicating a bearish trend. The MACD of -0.00 indicates Negative momentum. The RSI at 42.84 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SPN.

Snipp Interactive Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TSE:SPN against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TSE:KDOZTSE:KDOZ53NeutralCAD 18.38M-20.00-9.81%―30.09%-307.50%
TSE:EQTSE:EQ50NeutralCAD 66.81M-43.2455.79%―-0.80%-193.42%
TSE:SPNTSE:SPN46NeutralCAD 9.61M-4.82-31.81%―-11.89%-18.33%
TSE:IQTSE:IQ45NeutralCAD 12.26M76.851.92%―30.09%42.11%
TSE:LPSTSE:LPS38UnderperformCAD 15.64M-7.466067.59%―0.60%50.19%

* General Sector Average

Performance Comparison

0%200%400%600%TSE:SPNTSE:EQTSE:IQTSE:LPSTSE:KDOZTSE:SPAIDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
TSE:SPN and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TSE:SPNSnipp Interactive0.04-0.02-36.36%
TSE:EQEQ (EQ)0.960.000.00%
TSE:IQAiriq Inc0.41-0.11-20.19%
TSE:LPSLegend Power Systems0.10-0.04-31.03%
TSE:KDOZKidoz0.14-0.20-58.82%
TSE:SPAIEYEFI Group Technologies Inc2.081.14121.28%

Snipp Interactive Corporate Events

Business Operations and Strategy

Snipp Survey Shows AI Rapidly Reshaping How U.S. Consumers Shop

Positive
Oct 6, 2026

Snipp Interactive has released findings from a survey of 1,000 U.S. adults who regularly use AI for search and shopping, highlighting how AI is reshaping the shopper journey from discovery to purchase. The research shows that AI assistants are becomi...

Business Operations and Strategy

Snipp Interactive Wins Dual Gold at Loyalty360, Bolstering Enterprise Loyalty Push

Positive
Sep 2, 2026

Snipp Interactive has strengthened its position in the loyalty technology market after two Snipp-powered programs for a leading global pet care brand won Gold honors at the 2026 Loyalty360 Awards. The initiatives were recognized for excellence in B2B...

Business Operations and StrategyFinancial Disclosures

Snipp Interactive Returns to Positive EBITDA on Strong Q2 Revenue Growth

Positive
Aug 28, 2026

Snipp Interactive reported a strong second quarter of 2026, with revenue rising 24.6% year over year to $6.0 million, marking its highest quarterly revenue in five quarters, and a return to positive EBITDA of $0.2 million. The company sharply narrowe...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 06, 2026