{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-038680","form_type":"8-K","ticker":"SBIG","cik":"0001801602","company_name":"SpringBig Holdings, Inc.","filed_at":"2023-11-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.521315+00:00","generated_at":"2026-06-08T05:20:59.159596+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"SpringBig Q3 revenue down 5% to $6.9M; subscription up 13%, Adjusted EBITDA loss narrows to $0.9M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-038680","json":"https://secwatch.observer/filing/0001628280-23-038680.json","markdown":"https://secwatch.observer/filing/0001628280-23-038680.md","text":"https://secwatch.observer/filing/0001628280-23-038680.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1801602/000162828023038680/0001628280-23-038680-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1801602/000162828023038680/wdq-20231113.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T05:20:59.159596+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"64b5885de50266aa161a2c4644806e3ee5817199","claim":"SpringBig Holdings, Inc. reported nine-month period ended September 30, 2023 results: revenue $21.3 million, net income $(7.0) million. Guidance reaffirmed.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1801602/000162828023038680/0001628280-23-038680-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"nine-month period ended September 30, 2023"},{"label":"Revenue","value":"$21.3 million"},{"label":"Net income","value":"$(7.0) million"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"},{"claim_id":"ef84ef05555b41f87953a4dc543aead4c1932fbf","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1801602/000162828023038680/0001628280-23-038680-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three-month period ended September 30, 2023"},{"label":"Revenue","value":"$6.9 million"},{"label":"Net income","value":"$(2.7) million"},{"label":"EPS","value":"$(0.07)"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}