---
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"
generated_at: "2026-06-04T23:13:03.648271+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Springbig reports FY2023 revenue $28.1M, net loss narrows to $10.2M; expects positive adjusted EBITDA in 2024

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-010590
- JSON: https://secwatch.observer/filing/0001628280-24-010590.json
- Plain text: https://secwatch.observer/filing/0001628280-24-010590.txt

## Key facts
- Earnings Releases
  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.
  - Period: the fourth quarter and full year ended December 31, 2023
  - Revenue: $6.8 million
  - Net income: $(3.2) million
  - EPS: $(0.07)
  - Guidance: initiated
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1801602/000162828024010590/0001628280-24-010590-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.