secwatch.observer — SEC 8-K summary
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Issuer:     SpringBig Holdings, Inc. (SBIG)
CIK:        0001801602
Form:       8-K
Filed at:   2023-07-11T23:59:59+00:00
Accession:  0001628280-23-024676
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SpringBig prelim Q2 rev $7.2M (+12% YoY); targets Adj. EBITDA profitability in Q3 2023
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801602/000162828023024676/0001628280-23-024676-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801602/000162828023024676/form8-kxprelimq22023results.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-024676

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