secwatch.observer — SEC 8-K summary
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Issuer:     SpringBig Holdings, Inc. (SBIG)
CIK:        0001801602
Form:       8-K
Filed at:   2024-11-13T23:59:59+00:00
Accession:  0001213900-24-097497
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801602/000121390024097497/0001213900-24-097497-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801602/000121390024097497/ea0221049-8k_springbig.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-097497

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