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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

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

Upwardly mobile

Update | Media | 07/12/2015

Investment summary

The restructuring initiated in FY17 started to benefit the group in Q218 and Snakk Media finally returned to profit in its second half. Revenues for FY18 were close to the prior year at NZ$10.3m (NZ$10.6m), with increased self-service mobile advertising revenues offset by a decline in business in Southeast Asia (where overheads have been pared back). The cost base in FY19e will be lower with the full-year benefit. The group had year-end cash of NZ$1.1m, just below the current market capitalisation of NZ$1.3m.

Last updated on 08/06/2018

Key management

Derek Handley, Chairman
Mark Ryan, CEO
Malcolm Lindeque , CFO

Company address

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