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Snipp Interactive Q1 2026 Financial Report Highlights Record Bookings Backlog
Snipp Interactive Inc., an AI-powered SaaS company, has released its Q1 2026 financial results. The company reported a record bookings backlog of $20.6 million as of March 31, 2026, marking a 15% increase year-over-year. This indicator highlights strong recurring revenue potential moving forward.
The strategic shift towards multi-year recurring revenue and a strengthened balance sheet follows a strategic financing of CAD $4.5 million in February. Despite macroeconomic challenges leading to a 21% year-over-year revenue decline at $5.0 million, the company maintains a stable gross margin of 59%.
Cost discipline has shown results, with reductions in salaries and marketing expenses. Cash stood at $6.1 million, nearly doubling the figure from year-end 2025. Snipp is ramping up its AI integration with aims to enhance structural margin improvements and drive towards a targeted EBITDA inflection by 2027.
R. E.
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