earnings
confidence high
sentiment positive
materiality 0.60
Banzai prelim Q3 adjusted net loss improves 80% sequentially; ARR grows 31% annualized
Banzai International, Inc.
2024-Q3 EPS reported
-$8.27
revenue$3,228,276
- Adjusted Net Loss of (~$0.9M) vs Q2 loss of ($4.5M), a $3.6M sequential improvement.
- Annualized ARR of $4.4M, up 7% sequentially and representing a 31% annualized growth rate.
- Adjusted EBITDA of (~$1.4M) vs Q2 ($1.8M), a $0.5M sequential improvement.
- Cash at all-time high of ~$4.2M as of Sept 30, 2024.
- Net Revenue Retention reached a historical high in Q3 2024.