Springbig Q3 revenue $7.5M (+22% YoY); adj. EBITDA loss widens to $3.5M

SpringBig Holdings, Inc.

2022-Q3 EPS reported -$0.41 revenue$20,404,000

Total revenue $7.456M, up 22% YoY; subscription revenue increased 48% YoY to $5.5M.
Adjusted EBITDA loss of $(3.490)M vs $(1.207)M loss in Q3 2021, driven by higher operating costs.
Net loss per share $(0.12) on 25.6M weighted shares; cash and equivalents $6.8M at quarter end.
FY2022 revenue guidance reaffirmed at $27-28M (14% YoY growth at midpoint); positive EBITDA targeted in 2023.
Net dollar retention rate improved to 119% from 85% a year ago, signaling strong client stickiness.

item 2.02

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SpringBig Holdings, Inc. reported the third quarter of 2022 results: revenue $7.4 million, EPS $(0.12) per share. Guidance initiated.

Period: the third quarter of 2022
Revenue: $7.4 million
EPS: $(0.12) per share
Guidance: initiated
Result: reported results

Exact text from the filing

goal of reaching the milestone of positive EBITDA during 2023.” Third Quarter 2022 Financial and Key Metric Highlights • Total revenue in the third quarter of 2022 increased to $7.4 million, up 22% from the third quarter of 2021 and up 13% from the second quarter of 2022. • Subscription revenue increased 48% from the third quarter of 2021 and was up 9% from the

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SpringBig Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001801602-22-000030

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