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BRIEF-Snipp Interactive reports revenue for Q1 of $2.5 mln

Published 2017-05-30, 11:08 p/m
© Reuters.  BRIEF-Snipp Interactive reports revenue for Q1 of $2.5 mln

May 30 (Reuters) - Snipp Interactive Inc SPN.V

* Snipp Interactive reports Q1-2017 financial results

* Revenue for Q1 2017 of $2.5 million grew 18% when compared to revenue of $2.1 million for Q1 2016

* Gross margins improved 1% from 75% for Q1 2016 to 76% in Q1 2017

* On March 31, 2017, bookings backlog rose to over US$5.4 million, a 29% increase, bookings backlog at March 31, 2016 was US$5.2 million Source text for Eikon: Further company coverage: SPN.V

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