Snipp Interactive Reports Q1 2026 Earnings; Highlights Record Backlog

Snipp Interactive Inc. has unveiled its financial results for Q1 2026, highlighting a record bookings backlog of $20.6 million. This backlog marks a 15% increase year-over-year, providing strong revenue visibility as the company transitions towards multi-year recurring income streams. Despite the revenue decrease to $5.0 million from $6.4 million in the previous year's quarter, largely due to macroeconomic factors and deferred client spending, Snipp maintains a positive outlook driven by aggressive AI integration.

The company's cash position improved to $6.1 million, bolstered by a recent financing initiative. While EBITDA was negative at $0.3 million compared to a positive $0.3 million in Q1 2025, cost reductions in several areas impacted overall performance. Snipp emphasizes its AI-driven strategic shift aimed at enhancing margins and positioning the company for an EBITDA turn-around by 2027.