8-K
filed July 11, 2023, 7:59 PM ET
ticker SBIG
CIK 0001801602
earnings
confidence high
sentiment positive
materiality 0.75
SpringBig prelim Q2 rev $7.2M (+12% YoY); targets Adj. EBITDA profitability in Q3 2023
SpringBig Holdings, Inc.
2023-Q2 EPS reported
-$0.15
revenue$14,371,000
- Preliminary Q2 revenue $7.2M (+12% YoY); Adj. EBITDA loss narrowed to $1.1M from $3.4M.
- H1 2023 revenue $14.4M (+14% YoY); Adj. EBITDA loss $2.5M vs $5.9M in H1 2022.
- FY 2023 guidance: revenue $31.0M-$32.5M; Adj. EBITDA loss of $(1.5)M-$(2.0)M; expects profitability in H2.
- Completed $4.0M equity offering on May 31; restructured convertible notes; executives invested $0.7M.
- Launched 'Subscriptions by springbig' VIP loyalty program; several retailers signed contract amendments.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
SpringBig Holdings, Inc. reported the three months ended June 30, 2023 results: revenue $7.2 million.
- Period
- the three months ended June 30, 2023
- Revenue
- $7.2 million
- Result
- preliminary results
Exact text from the filing
Revenues for the three months ended June 30, 2023, are expected to be $7.2 million
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
SpringBig Holdings, Inc. reported the six months ended June 30, 2023 results: revenue $14.4 million.
- Period
- the six months ended June 30, 2023
- Revenue
- $14.4 million
- Result
- preliminary results
Exact text from the filing
For the first half of the fiscal year, revenues have increased by 14% year-on-year to $14.4 million and Adjusted EBITDA loss has been reduced by 58% to $2.5 million compared with $5.9 million in the same six-month period last year.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
SpringBig Holdings, Inc. reported the year ending December 31, 2023 results: revenue $31.0 million to $32.5 million. Guidance initiated.
- Period
- the year ending December 31, 2023
- Revenue
- $31.0 million to $32.5 million
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
For the year ending December 31, 2023, springbig currently expects revenue in the range of $31.0 million to $32.5 million, representing 19% growth at the mid-point, and an Adjusted EBITDA loss in the range of $(1.5) million to $(2.0) million.
View on SEC.gov
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