{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-010590","form_type":"8-K","ticker":"SBIG","cik":"0001801602","company_name":"SpringBig Holdings, Inc.","filed_at":"2024-03-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.584741+00:00","generated_at":"2026-06-04T23:13:03.648271+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Springbig reports FY2023 revenue $28.1M, net loss narrows to $10.2M; expects positive adjusted EBITDA in 2024","bullets":["FY2023 revenue $28.1M (+5% YoY); subscription revenue $22.3M (+14%), now 79% of total revenue.","Net loss narrowed to $10.2M (from $13.1M); adjusted EBITDA loss improved to $3.6M (from $12.6M).","Added 396 new clients in 2023 with $3.4M annualized subscription value; launched subscriptions and gift cards by Springbig.","Completed $8M debt financing in Jan 2024: $5.4M of 8% convertible notes due 2026 and $1.6M term loan.","Q1 2024 outlook: revenue $6.4-6.7M, adjusted EBITDA positive $0.2-0.4M; FY2024 rev $29-32M, adj EBITDA $3.5-5.0M."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-010590","json":"https://secwatch.observer/filing/0001628280-24-010590.json","markdown":"https://secwatch.observer/filing/0001628280-24-010590.md","text":"https://secwatch.observer/filing/0001628280-24-010590.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1801602/000162828024010590/0001628280-24-010590-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1801602/000162828024010590/wdq-20240312.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T23:13:03.648271+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":"cec332add5b8368174e43f9ad48b993f6c2de2a1","claim":"SpringBig Holdings, Inc. reported the fourth quarter and full year ended December 31, 2023 results: revenue $6.8 million, net income $(3.2) million, EPS $(0.07). Guidance initiated.","evidence_excerpt":"with an optimized operating expense base we expect to generate Adjusted EBITDA* margins of 12% to 15% in 2024.” Fourth Quarter 2023 Financial Highlights: ● Revenue increased to $6.8 million, up 1% year-on-year. ● Subscription revenue was up 10% year-on-year. ● Gross profit was $4.8 million, representing a gross profit margin of 70%. ● Operating expenses reduced by","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1801602/000162828024010590/0001628280-24-010590-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter and full year ended December 31, 2023"},{"label":"Revenue","value":"$6.8 million"},{"label":"Net income","value":"$(3.2) million"},{"label":"EPS","value":"$(0.07)"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}