secwatch.observer — SEC 8-K summary
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Issuer:     SpringBig Holdings, Inc. (SBIG)
CIK:        0001801602
Form:       8-K
Filed at:   2023-03-09T23:59:59+00:00
Accession:  0001801602-23-000005
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801602/000180160223000005/0001801602-23-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801602/000180160223000005/wdq-20230309.htm
  HTML page:      https://secwatch.observer/filing/0001801602-23-000005

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