secwatch.observer — SEC 8-K summary
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Issuer:     SpringBig Holdings, Inc. (SBIG)
CIK:        0001801602
Form:       8-K
Filed at:   2024-08-13T23:59:59+00:00
Accession:  0001213900-24-068295
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Springbig Q2 2024 revenue $6.6M, positive adjusted EBITDA $0.3M
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801602/000121390024068295/0001213900-24-068295-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801602/000121390024068295/ea0211267-8k_spring.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-068295

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer