SpringBig Q2 revenue up 12% to $7.2M; expects breakeven Adjusted EBITDA in Q3

SpringBig Holdings, Inc.

2023-Q2 EPS reported -$0.15 revenue$14,371,000

Q2 revenue $7.2M (+12% YoY); subscription revenue +19% YoY; net dollar retention 100%.
Gross profit $5.7M (79% margin), up 24% YoY; net loss improved to $2.0M from $2.6M.
Adjusted EBITDA loss narrowed to $1.1M from $3.4M; expects breakeven in Q3 and positive H2 2023.
H1 revenue $14.4M (+14% YoY); subscription now 79% of total revenue (up from 73%).
Basic EPS loss $(0.06) on 31.5M weighted avg shares; total shares 40.4M.

item 2.02 item 9.01

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 second quarter ended June 30, 2023 results: revenue $7.2 million, net income $(2.0) million, EPS $(0.06).

Period: second quarter ended June 30, 2023
Revenue: $7.2 million
Net income: $(2.0) million
EPS: $(0.06)
Result: reported results

Exact text from the filing

Adjusted EBITDA during Q3 and to generate positive Adjusted EBITDA for the second half of the fiscal year.” Second Quarter 2023 Financial Highlights: • Revenue increased to $7.2 million, up 12% year-on-year. • Subscription revenue was up 19% year-on-year. • Net dollar retention rate was 100% for the twelve months ended June 30, 2023. • Gross profit was $5.7

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Source: SEC EDGAR

accession 0001628280-23-028968

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