Snipp Interactive Inc. (SPN) (TSXV: SPN)(SPN:APH)(SNIPF:US) made incredible rounds last year, as its stock and revenue rose to prominence and fame.
While Snipp’s performance has been a little rocky this year, things still seem promising.
There are quite a few things that make Snipp Interactive an interesting buy. Snipp, seeing its shares of ups and downs, has had a stable performance if we do a year-to-year comparison.
Stock Performance
A Yearly Outlook
If we compare the performance of Snipp (SNP), from a year before, September 2017, the price of its stock was between CAD $0.06-0.07 but from March to April 2018, the price of the stocks increased, rising above CAD $0.17-0.18 but then, dropped to CAD $0.06 in August 2018.
While the performance of the stocks started slow and rose significantly in 2018, the price of the stock declined slightly and simmered down again. Things, however, still seem promising.
There are many reasons to invest in Snipp (SNP). I am here to talk about a few of them.
Reasons To Invest In Snipp
Strong Revenue Increase
Snipp, which was founded in 2007, has shown a continuous revenue increase. Comparing the performance of the company’s stock, it is suffice to say that there are no red flags as far as its revenue is concerned.
Moreover, the company has also had a growing backlog of orders. They totaled to $5.7 million by the end of the fourth quarter, in 2017.
Improvement In EBITDA
Looking at the company’s performance, another reason why investors should go for Snipp is that their EBITDA loss has improved. From $6.47 million in 2016, it dropped to $1.92 million (2017). The company had staggering figures in the past but a reduction in EBITDA loss shows how significantly the company has improved.
Decreased Costs
Another reason why Snipp makes an excellent choice of investment is that the company has worked on decreasing its costs significantly. It has lowered its salaries and compensation but at the same time, its general and administrative expenses have also been decimated.
Snipp’s portfolio is another reason why people should invest in it. The company has 500+ promotions, along with various loyalty programs and 3MM+ consumer interactions. With a large base of employees, some things are too obvious when it comes to Snipp and investing in it.
Snipp also has 25.21% institutional owners and insiders also hold a very significant and major stake in the company (15.99%). These are also indicators of the financial health of the company, which is why it makes a great choice of investment for investors.
