Snipp Interactive Third Quarter 2024 Earnings: EPS: US$0.001 (vs US$0.001 loss in 3Q 2023)

Snipp Interactive (CVE:SPN) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$6.65m (down 22% from 3Q 2023).
• Net income: US$295.6k (up from US$184.9k loss in 3Q 2023).
• Profit margin: 4.4% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses.
• EPS: US$0.001 (up from US$0.001 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Snipp Interactive Earnings Insights

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 3.7% growth forecast for the Media industry in North America.

Performance of the market in Canada.

The company's shares are up 7.1% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Snipp Interactive (1 is concerning!) that we have uncovered.

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