earnings
confidence high
sentiment positive
materiality 0.65
Springbig Q2 2024 revenue $6.6M, positive adjusted EBITDA $0.3M
SpringBig Holdings, Inc.
2024-Q2 EPS reported
-$0.01
revenue$13,086,000
- Revenue $6.6M (-8% YoY); subscription revenue $5.5M (83% of total). Net loss $(0.6)M improved from $(2.0)M.
- Adjusted EBITDA positive $0.3M vs. $(1.1)M loss in prior year; seventh consecutive quarter of improvement.
- Operating expenses declined 35% YoY to $4.8M. Year-to-date adjusted EBITDA $0.5M, a $3.0M improvement.
- Q3 2024 outlook: revenue $6.5-$6.8M, adjusted EBITDA $0.5-$0.8M positive. Basic loss per share $(0.01).