Added to YB: 2024-12-06
Pitch date: 2024-12-03
SPN.V [neutral]
Snipp Interactive Inc.
-54.55%
current return
Author Info
Wolf of Oakville takes a magnifying glass to Canadian small cap stocks. Sign up for the newsletter.
Company Info
Snipp Interactive Inc. provides mobile marketing, rebate, and loyalty solutions in the United States, Canada, Ireland, and internationally.
Market Cap
CAD 15.6M
Pitch Price
CAD 0.11
Price Target
N/A
Dividend
N/A
EV/EBITDA
-38.65
P/E
-922.44
EV/Sales
0.36
Sector
Media
Category
turnaround
Snipp Interactive ($SPN.V) FINS Review
SPN.V (initiate at 2.5 stars): Revenue -22% Q3, -29% YTD. Shifting to LTRR from low-margin Gambit. Profitable Q3 ($295k), but -$1.35M YTD. Strong balance sheet (3.3x current ratio, no debt). CF positive due to deferred revenue. Concerns: 20% option plan, bloated mgmt, recent CTO, lack of transparency on LTRR growth.
Read full article (4 min)