SpringBig Q3 revenue down 5% to $6.9M; subscription up 13%, Adjusted EBITDA loss narrows to $0.9M

SpringBig Holdings, Inc.

2023-Q3 EPS reported -$0.21 revenue$21,259,000

Q3 revenue $6.9M (-5% YoY); subscription revenue up 13% YoY (81% of total YTD).
Gross profit $5.2M (77% margin); net loss $(2.7)M vs $(3.1)M prior year.
Adjusted EBITDA loss $(0.9)M vs $(3.4)M prior year, a 73% improvement.
Nine months revenue $21.3M (+7% YoY); net loss $(7.0)M vs $(8.5)M prior year.
Management expects to achieve positive Adjusted EBITDA in Q4 2023.

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 nine-month period ended September 30, 2023 results: revenue $21.3 million, net income $(7.0) million. Guidance reaffirmed.

Period: nine-month period ended September 30, 2023
Revenue: $21.3 million
Net income: $(7.0) million
Guidance: reaffirmed
Result: preliminary results

Exact text from the filing

shares outstanding. Total shares outstanding as of September 30, 2023, were 43.5 million. Nine Months Ended September 30, 2023 Financial Highlights: ● Revenue increased to $21.3 million, an increase of 7% from the prior year. ● Subscription revenue was $17.2 million, a year-on-year increase of 19%; recurring subscription revenue now represents 81% of total

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SpringBig Holdings, Inc. reported three-month period ended September 30, 2023 results: revenue $6.9 million, net income $(2.7) million, EPS $(0.07). Guidance reaffirmed.

Period: three-month period ended September 30, 2023
Revenue: $6.9 million
Net income: $(2.7) million
EPS: $(0.07)
Guidance: reaffirmed
Result: preliminary results

Exact text from the filing

to focus on converting our customers to subscription revenue contracts and judiciously managing our working capital.” Third Quarter 2023 Financial Highlights: ● Revenue was $6.9 million, down 5% year-on-year. ● Subscription revenue was up 13% year-on-year. ● Gross profit was $5.2 million, a margin of 77%. ● Adjusted EBITDA* loss was $(0.9) million compared to a

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Source: SEC EDGAR

accession 0001628280-23-038680

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