Canada · Delayed Price · Currency is CAD Snipp Interactive Earnings Call Transcripts
Fiscal Year 2025
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Fiscal 2025 saw a 3% revenue decline but stable 61% gross margin, increased backlog, and major contract wins. Strategic cost reductions and new financing support a pivot to recurring, AI-driven SaaS revenue, with EBITDA improvement targeted for 2026–2027.
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Q3 2025 saw a 13% revenue decline year-over-year, but operational adjustments led to positive EBITDA and net income. Deferred revenue and backlog remain strong, and the Inmar partnership is expected to drive future growth as it ramps up nationally.
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Q2 2025 revenue grew 2% year-over-year, with half-year growth at 19%, despite delayed client program launches due to macro uncertainty. Deferred revenue rose 33%, backlog remains strong, and new partnerships and products are expected to drive future growth.
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Q1 2025 saw 37% revenue growth, record operating cash flow, and expanding gross margins, with strong bookings backlog and no debt. Full-year growth is expected, though quarterly variability may occur due to market conditions and client timing.
Fiscal Year 2024
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Record EBITDA and gross margins achieved in 2024, despite a planned revenue decline from exiting a low-margin contract. Strong backlog, expanding global footprint, and ongoing investments in innovation and talent position the company for sustained growth in 2025.
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Record Q3 EBITDA and margin expansion highlight a successful operational turnaround, despite a year-over-year revenue decline from exiting a low-margin contract. Core business growth, strong bookings backlog, and new platform launches position the company for sustained profitability into 2025.