SpringBig Q4 2022 revenue $6.8M (+2% YoY); net loss widens to $4.5M; guides Q1 rev $7.1-7.4M

SpringBig Holdings, Inc.

Q4 rev $6.8M (+2% YoY); subscription rev +33%; net loss $4.5M vs $2.5M; adj EBITDA loss $3.2M vs $2.1M.
FY 2022 rev $26.6M (+14%); subscription rev $20.4M (+38%); net loss $13.1M vs $5.8M; adj EBITDA loss $12.6M vs $5.5M.
Cash $3.5M; CFO notes potential supplemental capital raise to support growth.
Q1 2023 guidance: rev $7.1-7.4M (+17% mid); adj EBITDA loss $1.2-1.4M. FY23 rev $31-34M; adj EBITDA loss $1.5-3.0M; targeting EBITDA breakeven.
Net dollar retention 105%; over 3,000 retail locations; $7.5B GMV from clients in 2022.

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 fourth quarter and full year ended December 31, 2022 results: revenue $6.8 million, net income $(4.5) million, EPS $(0.17). Guidance reaffirmed.

Period: the fourth quarter and full year ended December 31, 2022
Revenue: $6.8 million
Net income: $(4.5) million
EPS: $(0.17)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

industry, today announced its financial results for the fourth quarter and full year ended December 31, 2022. Fourth Quarter 2022 Financial Highlights: • Revenue* increased to $6.8 million, up 2% year-on-year • Subscription revenue was up 33% year-on-year • Net dollar retention rate was 105% for the twelve months ended December 31, 2022 • Gross profit was $5.3

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SpringBig Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001801602-23-000005

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