CA - Snipp Interactive Inc. (SNIPF) Q1 2024 Earnings Call Transcript
2024-06-03 13:14:05 ET
Snipp Interactive, Inc. (SNIPF)
Q1 2024 Earnings Conference Call
June 03, 2024, 10:00 AM ET
Company Participants
Atul Sabharwal - Founder and Chief Executive Officer
Jaisun Garcha - Chief Financial Officer
Conference Call Participants
Daniel Rosenberg - Paradigm Capital
Presentation
Atul Sabharwal
Good morning, everyone. Thank you for joining us for the Snipp Interactive First Quarter 2024 Earnings Conference Call. I am Atul Sabharwal, Founder and Chief Executive Officer of Snipp Interactive.
Joining me today is Jaisun Garcha, our Chief Financial Officer. Please visit our investor relations site at snipp.com for a copy of our earnings press release and detailed financials, which have also been filed on SEDAR.
We present all financial figures in US dollars unless otherwise indicated. Before we proceed, I'd like to remind everyone that today's discussion may contain forward-looking statements. These statements are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially.
The first quarter of 2024 was pivotal period for Snipp as we continue to execute our strategic plan aiming at enhancing our revenue mix and improving gross margins. As anticipated, our revenue for Q1 2024 was $4.7 million, down 29% from Q1 2023, $6.6 million. This decline was expected and tied entirely to the sunsetting of a single pilot contract inherited with the Gambit acquisition....
Snipp Interactive, Inc. (SNIPF) Q1 2024 Earnings Call Transcript