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Snipp Interactive
(SPN)
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Rating:46Neutral
Price Target:
C$0.04
▼(-2.50% 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 backlog supports forward revenue visibility
A backlog made up of signed customer contracts provides meaningful visibility into future delivery and revenue conversion. Its 26% year-over-year increase suggests stronger contracted demand and gives Snipp a foundation for maintaining activity across clients and programs over the next several quarters.
Negative Factors
Sustained profitability has not yet been achieved
Snipp remains loss-making despite the recent improvement in revenue, gross margin, and quarterly EBITDA. Management’s own 2027 target confirms that sustained profitability is still ahead rather than established, leaving the business exposed to continued earnings volatility and the need for further cost improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Contracted backlog supports forward revenue visibility
A backlog made up of signed customer contracts provides meaningful visibility into future delivery and revenue conversion. Its 26% year-over-year increase suggests stronger contracted demand and gives Snipp a foundation for maintaining activity across clients and programs over the next several quarters.
Read all positive factors
Snipp Interactive (SPN) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$10.99M
Dividend YieldN/A
Average Volume (3M)193.86K
Price to Earnings (P/E)―
Beta (1Y)1.66
Revenue Growth-11.89%
EPS Growth-18.33%
CountryCA
Employees95
SectorGeneral
Sector StrengthN/A
IndustryAdvertising Agencies
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding274,674,740
10 Day Avg. Volume213,532
30 Day Avg. Volume193,856
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)2.33
Price to Sales (P/S)0.46
P/FCF Ratio13.41
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.01
Revenue Forecast (FY)C$21.20M
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 comprehe...
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/plat...
Snipp Interactive Earnings Call Summary
Earnings Call Date:Aug 28, 2026
(Q2-2026)
| Next Earnings Date:Dec 08, 2026
Earnings Call Sentiment Positive
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%.
Read all updates
Q2-2026 Updates
Positive
Negative
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.
Read all positive updates
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
Income Statement
34
Negative
Balance Sheet
52
Neutral
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Sep 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 21.69M | 22.40M | 22.73M | 30.55M | 24.66M | 15.28M |
| Gross Profit | 5.85M | -101.20K | 2.82M | 591.87K | 2.51M | 3.07M |
| EBITDA | -109.87K | -1.09M | -184.81K | -2.27M | -827.47K | 1.03M |
| Net Income | -1.47M | -2.52M | -1.01M | -3.38M | -1.39M | 2.13M |
Balance Sheet | ||||||
| Total Assets | 18.18M | 13.52M | 15.21M | 13.43M | 15.50M | 7.45M |
| Cash, Cash Equivalents and Short-Term Investments | 6.22M | 3.37M | 4.72M | 4.14M | 5.55M | 1.74M |
| Total Debt | 3.09M | 463.18K | 495.66K | 526.53K | 0.00 | 0.00 |
| Total Liabilities | 13.98M | 9.05M | 8.90M | 7.00M | 6.16M | 3.89M |
| Stockholders Equity | 4.19M | 4.47M | 6.31M | 6.43M | 9.34M | 3.56M |
Cash Flow | ||||||
| Free Cash Flow | 243.01K | 776.12K | 767.25K | -2.69M | -868.81K | 224.64K |
| Operating Cash Flow | 830.25K | 791.42K | 2.00M | -1.40M | 19.33K | 1.02M |
| Investing Cash Flow | -1.64M | -1.25M | -1.23M | -1.29M | -877.81K | -1.10M |
| Financing Cash Flow | 3.17M | -9.46K | 231.62K | -14.84K | 5.07M | 19.63K |
Snipp Interactive Technical Analysis
Negative
0.04
Price Trends
0.04
Negative
0.04
Negative
0.05
Negative
Market Momentum
>-0.01
Negative
42.84
Neutral
100.00
Negative
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 0.05, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 42.84 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SPN.
Snipp Interactive Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | C$13.88M | 87.04 | 1.92% | ― | 30.09% | 42.11% | |
50 Neutral | C$66.81M | -43.24 | 55.79% | ― | -0.80% | -193.42% | |
50 Neutral | C$31.28M | -14.93 | 6067.59% | ― | 0.60% | 50.19% | |
49 Neutral | C$17.07M | -16.36 | -9.81% | ― | 30.09% | -307.50% | |
46 Neutral | C$10.99M | -5.56 | -31.81% | ― | -11.89% | -18.33% |
* General Sector Average
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Snipp Interactive Corporate Events
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 ...
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 narr...
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.