Earnings Call Summary | SNIPP INTERACTIVE INC(SNIPF.US) Q1 2024 Earnings Conference
Earnings Call Summary | SNIPP INTERACTIVE INC(SNIPF.US) Q1 2024 Earnings Conference
The following is a summary of the Snipp Interactive, Inc. (SNIPF) Q1 2024 Earnings Call Transcript:
以下是Snipp Interactive, Inc.(SNIPF) Q1 2024業績會議記錄摘要：
Financial Performance:
金融業績：
Revenue for Q1 2024 stood at $4.7 million, representing a 29% decrease from Q1 2023 due to the planned exit from a pilot contract.
Gross margin improved significantly to 54% in Q1 2024 from 26% in Q1 2023 as a result of strategic initiatives to refine revenue streams.
EBITDA loss improved from $1.1 million in Q1 2023 to $0.6 million in Q1 2024, despite the revenue decline.
2024年Q1季度營業收入爲470萬美元，較Q1 2023年下降了29％，因爲退出試點合約是計劃之中的。
由於優化收入流，2024年Q1毛利率從2023年Q1的26％大幅提高至54％。
儘管營業額下降，但Q1 2024年EBITDA虧損從Q1 2023年的110萬美元改善至60萬美元。
Business Progress:
業務進展：
Secured the company's largest contract worth over $6 million with a global food and beverage company, expected to generate revenue in Q3 2024.
Expanded the business with a new partnership with Walmart for their retail media network and lined up other multi-million dollar contracts with major brands.
Launched a new product, SnippMedia, in partnership with Bank of America with promising early metrics and ongoing negotiations to expand the platform with other financial institutions.
Gambit, a unique loyalty gaming platform, is being developed steadily, with a special mention of its recognition and usage by major companies like Dave & Buster's.
與全球食品和飲料公司簽訂了價值超過600萬美元的最大合約，預計將在2024年Q3產生收入。
與沃爾瑪建立了新的合作伙伴關係，開展零售媒體網絡，並籌劃與主要品牌簽訂其他千萬美元合同以擴展業務。
與美國銀行合作推出了新產品SnippMedia，早期指標有希望，正在與其他金融機構擴展平台的談判之中。
Gambit是一款獨特的忠誠度遊戲平台，正在穩步發展，特別提到它被Dave ＆ Buster's等大公司認可和使用。
Opportunities:
機會：
The company's strategic realignment towards high-margin contracts and strong customer acquisition trends could drive sustainable profitability.
The partnership with Walmart and the launch of SnippMedia present opportunities for significant customer and revenue expansion.
The innovative use of AI within their platform enhances their promotional offers and opens up new avenues for growth in media spending and loyalty gaming through platforms like Gambit.
公司戰略轉型朝向高利潤合同和強勁的客戶獲取趨勢，可能推動可持續盈利。
與沃爾瑪的合作以及SnippMedia的推出爲擴大客戶和收入提供了機會。
平台內使用人工智能進行創新的推廣，並通過Gambit等平台在媒體支出和忠誠度遊戲領域開闢新的增長途徑。
Risks:
風險：
The decline in revenue due to the discontinuation of a pilot contract could reflect short-term financial instability.
Operational adjustments and innovations such as SnippMedia and Gambit could face market acceptance challenges or slow adoption rates.
由於試點合約的終止，營業額下降可能反映出短期的財務不穩定。
SnippMedia和Gambit等運營調整和創新可能面臨市場接受挑戰或緩慢的採用率。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。