Snipp Interactive sales grows 95% from prior year quarter

Snipp Interactive Inc. (TSX VENTURE: SPN) reported its total sales revenues for the second quarter of 2013 grew 95% from the prior year.

Revenue for the quarter was USD207,196 compared to USD106,321 from the prior year quarter, attributable the company said, to the creation of new sales channels, additional sales contracts from existing customers, the acquisition of new customers and the launch of innovative new products as part of Snipp´s Mobilize Me platform.

Net income for the period was USD31,692 compared to a net loss of USD169,357 for the same period last year.

At the end of the period, current assets were USD432,495 and current liabilities USD199,828.

Snipp Interactive builds mobile solutions for brands to engage and interact with their customers. Snipp provides print publishers, advertising agencies and corporate/consumer brands, including Fortune 500 companies, with three main solution sets.

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