SpringBig Q3 Adj EBITDA $0.4M; debt amendment extends maturities to Jan 2027

SpringBig Holdings, Inc.

2024-Q3 EPS reported -$0.02 vs consensus -$0.01 ▼ miss (-96.1%)

Q3 revenue $6.4M (-7% YoY); net loss $(0.6)M vs $(2.7)M prior year.
Adj EBITDA $0.4M vs $(0.9)M prior year; 9-month Adj EBITDA $0.9M, a $4.3M YoY improvement.
Operating expenses down 44% YoY in Q3; gross margin 69%.
Converted $6.4M convertible notes and $1.6M term loan maturity extended to January 2027.
Q4 2024 guidance: revenue $6.5-6.8M; Adj EBITDA $0.8-1.0M.

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