secwatch.observer — SEC 8-K summary
======================================

Issuer:     SpringBig Holdings, Inc. (SBIG)
CIK:        0001801602
Form:       8-K
Filed at:   2023-08-11T23:59:59+00:00
Accession:  0001628280-23-028968
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801602/000162828023028968/0001628280-23-028968-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801602/000162828023028968/wdq-20230811.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-028968

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