secwatch.observer — SEC 8-K summary
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Issuer:     SpringBig Holdings, Inc. (SBIG)
CIK:        0001801602
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001801602-22-000030
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801602/000180160222000030/0001801602-22-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801602/000180160222000030/wdq-20221114.htm
  HTML page:      https://secwatch.observer/filing/0001801602-22-000030

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