Snipp Interactive Inc. Reports 100% Growth in Revenue and Positive Net Income for Q1, 2014; Logs Its Ninth Consecutive Quarter of Revenue Growth
BETHESDA, MARYLAND--(Marketwired - Jun 2, 2014) - Snipp Interactive Inc. ("Snipp"), an international provider of mobile marketing solutions listed on the TSX Venture Exchange (TSX VENTURE:SPN), is pleased to announce its financial results for the quarter ended March 31, 2014. A copy of the complete unaudited financial statements, management's discussion and analysis are available on SEDAR (www.sedar.com).
The total sales revenues for Q1 2014 grew 100% from Q1 2013.
Revenue for the first quarter of 2014 was $349,082 compared to $174,331 for the first quarter of 2013 and $262,551 for the previous quarter (Q4 2013). The increase in revenue is largely attributable to a slew of new customers and campaigns launched utilizing Snipp's collection of mobile-based promotion marketing solutions (including SnippCheck, its unique receipt-processing solution and SnippWin, its contests and promotions platform).
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Published: 02 June 2014
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Written by Editor
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