M&A
confidence high
sentiment negative
materiality 0.65
OpenReel (acquired by Banzai) shows $7.5M revenue, $1.3M net loss for FY 2023
Banzai International, Inc.
- OpenReel FY 2023 net revenue $7.5M, net loss $1.3M; total assets $3.3M, stockholders' deficit $1.35M.
- Deferred revenue $3.17M at Dec. 31, 2023; cash $720K; debt $575K (line of credit + term loan).
- Merger closed Dec. 18, 2024; OpenReel now wholly owned subsidiary of Banzai International.