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Snakk Media (SNK)

Business description

Mobile advertising technology company Snakk Media offers a full suite of mobile creative, content and technology services, empowering the world's leading brands and agencies to accurately reach and engage with consumers on their mobile devices.

Latest research

Broadening out the offering

Update | Media | 07/11/2018

Loss significantly reduced to near breakeven

Update | Media | 08/06/2018

Improved cash performance

Update | Media | 05/02/2018

Self-service growth kicking in

Update | Media | 01/11/2017

FY17 results and revised KOMs

Update | Media | 02/06/2017

Q4 business update

Update | Media | 09/05/2017

H117 peak investment

Update | Media | 03/02/2017

Investment in expansion

Update | Media | 02/11/2016

Gross margin expands in Q117

Update | Media | 01/08/2016

Demonstrating strong fiscal management

Update | Media | 06/06/2016

Second consecutive EBITDA positive quarter

Update | Media | 29/02/2016

Exceeding targets

Update | Media | 03/02/2016

Investment summary

The benefits of the restructuring initiated in FY17 and continuing through FY18, should be more apparent in FY19 as the business runs for a full year on a lower underlying cost base. The upheaval in mobile advertising markets presents opportunities as well as threats and Snakk is diversifying its offering beyond geolocation in-app advertising to include a broader range of digital and data products. The group is placing shares at NZ$0.0425, raising $144k to ease its tight working capital position.

Last updated on 07/11/2018

Key management

Joel Williams, CEO

Company address

Level 5
104 Commonwealth Street
Surry Hills
Sydney
Australia
+61 282 027 506
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