secwatch.observer — SEC 8-K summary
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Issuer:     SpringBig Holdings, Inc. (SBIG)
CIK:        0001801602
Form:       8-K
Filed at:   2023-11-13T23:59:59+00:00
Accession:  0001628280-23-038680
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801602/000162828023038680/0001628280-23-038680-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801602/000162828023038680/wdq-20231113.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-038680

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