Snipp Interactive Reports Q2 2026 Financial Results; Returns to Positive EBITDA on Highest Quarterly Revenue in Five Quarters

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Snipp Interactive Reports Q2 2026 Financial Results; Returns to Positive EBITDA on Highest Quarterly Revenue in Five Quarters

• SPN.V
• SNIPF

VANCOUVER, BC /ACCESS Newswire/ August 27, 2026 /Snipp Interactive Inc. (TSXV:SPN)(OTC PINK:SNIPF) (“Snipp” or the “Company”), a leading AI-powered technology provider in the global loyalty and promotions sector, today announced its financial results for the three and six months ended June 30, 2026. All figures are in U.S. dollars and are prepared in accordance with IFRS Accounting Standards unless otherwise indicated.

The Company will host a conference call and webcast to discuss its Q2 2026 results and provide a business update.

• Webcast:https://v.ringcentral.com/join/025411811

A replay will be made available on the Company’s website following the call.

Q2 2026 Highlights (three months ended June 30, 2026 vs. June 30, 2025)

1. Revenue of $6.0 million, up 24.6% from $4.8 million in Q2 2025 and up 19.2% sequentially from $5.0 million in Q1 2026 – the Company’s highest quarterly revenue in five quarters.

2. Positive EBITDA of $0.2 million ($154,538 compared with an EBITDA loss of $1.3 million in Q2 2025, an improvement of $1.5 million.

3. Net loss narrowed 89% to $0.2 million ($186,878) from $1.7 million in Q2 2025 and narrowed 73% sequentially from $0.7 million in Q1 2026.

4. Salaries and compensation declined 18% to $2.5 million while revenue grew 24.6%, reflecting the cost actions and the consolidation of the Company’s technical delivery footprint, enabled by AI-driven productivity gains in engineering and delivery. Further actions completed at the end of the second quarter and in July are expected to flow through from the third quarter.

5. Gross margin of 55.7%, compared with 52.1% in Q2 2025. Gross margin dollars of $3.3 million increased 33% year-over-year and 12% sequentially.

6. Total operating expenses of $6.2 million, down 3% year-over-year against revenue growth of 24.6%.

7. Bookings Backlog of $19.1 million, up 25.7% from $15.2 million at June 30, 2025. Backlog decreased from $20.6 million at March 31, 2026, as contracted programs converted into recognized revenue during the quarter.

First Half 2026 Highlights (six months ended June 30, 2026 vs. June 30, 2025)

1. Revenue of $11.1 million, compared with $11.2 million in H1 2025, a decrease of 1.5%. A 21% year-over-year decline in Q1 2026 was substantially offset by 24.6% growth in Q2 2026.

2. EBITDA loss narrowed to $0.1 million ($154,538) from $1.3 million ($1,340,.968) in H1 2025, an improvement of $1,495,506.

3. Net loss narrowed 54% to $0.9 million ($875,009) from $1.9 million in H1 2025.

4. Gross margin of 57.2%, compared with 56.6% in H1 2025, on essentially flat revenue.

5. Total operating expenses of $11.9 million, down 8.0% from $12.9 million. Salaries and compensation declined 12%; marketing and investor relations declined 28%; travel declined 58%.

6. Positive cash flow from operating activities of $556,012, compared with $525,104 in H1 2025.

7. Cash of $6.2 million at June 30, 2026, up from $3.4 million at December 31, 2025, following the CAD $4.5 million senior secured convertible debenture financing led by Shen Capital and completed in February 2026.

8. Deferred revenue of $7.7 million, up 42% from $5.4 million at December 31, 2025 and up from $6.9 million at March 31, 2026.

9. Working capital deficiency narrowed to $78,552 from $2,221,458 at December 31, 2025.