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Second consecutive quarter with positive Adjusted EBITDA*, increasing year-to-date Adjusted EBITDA* to $0.5 million, representing a $3.0 million year-on-year improvement2% quarter-over-quarter increase in revenue to $6.6 millionOperating expenses reduced by 35% year-on-year BOCA RATON, Fla., Aug. 13, 2024 (GLOBE NEWSWIRE) -- SpringBig Holdings, Inc. ("Springbig" or the "Company") (OTCQX:SBIG), a leading provider of SaaS-based marketing solutions, consumer mobile app experiences, and omnichannel loyalty programs, today announced its financial results for the second quarter ended June 30, 2024. "We continue to make good progress. Our newer offerings, such as ‘subscriptions by Springbig' an
First quarter with positive Adjusted EBITDA* and sixth consecutive improving quarterOperating expenses reduced by 34% year-on-yearStronger balance sheet, with no near-term debt maturitiesMark Silver, founder of Direct Energy and Universal Energy Group, appointed to Board of Directors BOCA RATON, Fla., May 14, 2024 (GLOBE NEWSWIRE) -- SpringBig Holdings, Inc. ("Springbig" or the "Company") (OTCQX:SBIG), a leading provider of SaaS-based marketing solutions, consumer mobile app experiences, and omnichannel loyalty programs, today announced its financial results for the first quarter ended March 31, 2024. The Company also announced that Mark Silver, President of Optus Capital Corporation
BOCA RATON, Fla., March 19, 2024 (GLOBE NEWSWIRE) -- Springbig Holdings, Inc. (OTCQX:SBIG), a leading provider of vertical SaaS-based marketing solutions, today announced its integration with leading commerce platform Lightspeed Commerce Inc. ((NYSE, TSX:LSPD), deepening its reach across the cannabis and retail industries, respectively. The Integration with Lightspeed marks a significant milestone in Springbig's journey, expanding its services beyond the cannabis industry and enabling retailers to enhance customer engagement and loyalty across various sectors. "Our integration with Lightspeed is yet another testament to Springbig's ongoing commitment to work seamlessly with other SaaS sol
Florida-based software and cannabis marketing company Springbig Holdings, Inc. (OTCQX:SBIG) released its first quarter 2024 financial figures and announced the appointment to the board of Mark Silver, president of Optus Capital Corporation and a key player in the company’s January debt refinancing. Paul Sykes, CFO, remarked on achieving a positive adjusted EBITDA for the first time at $150,000, compared to a loss of $1.3 million in the prior year, and debt financing: "After completing our $8 million debt financing in January, we have a much stronger and cleaner balance sheet,” Sykes said. “We continue to manage the optimization of our operating expenses, which have reduced by 34% year-
In its latest financial disclosure on Tuesday, Springbig (OTC:SBIG), a leader in SaaS-based marketing solutions and loyalty programs, reported a modest but noteworthy revenue increase to $6.8 million -1% year-on-year growth for the fourth quarter ending December 31, 2023. This period also saw a notable 10% rise in subscription revenue. The gross profit for the quarter stood at $4.8 million, translating into a robust gross margin of 70%. Despite these gains, the company faced a net loss of $3.2 million, an improvement from the $4.5 million loss in the previous year. Adjusted EBITDA also showed signs of recovery, with a minor loss of $0.2 million compared to a $3.2 million loss the year bef
SpringBig Holdings (OTC:SBIG) reported its Q4 earnings results on Tuesday, March 12, 2024 at 04:45 PM. Here's what investors need to know about the announcement. Earnings SpringBig Holdings missed estimated earnings by -600.0%, reporting an EPS of $-0.07 versus an estimate of $-0.01. Revenue was up $48 thousand from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.04 which was followed by a 20.0% drop in the share price the next day. Here's a look at SpringBig Holdings's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate -0.03 -0.04 -0.05 -0.11 EPS Actual -0.07 -0.06 -0.08 -0.17 Revenue Estimate 7.23M 7.30M 7.25M
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BOCA RATON, Fla., Jan. 29, 2024 (GLOBE NEWSWIRE) -- SpringBig Holdings, Inc. ("Springbig," "we," "our" or the "Company") (OTCQX:SBIG), a leading provider of vertical SaaS-based marketing solutions, consumer mobile app experiences, and omnichannel loyalty programs, today announced changes in its board of directors following completion on January 23, 2024, of its $8.0 million debt financing with a syndicate of lenders. The Company announced that Matt Sacks, Co-Managing Partner of Lightbank, and Shawn Dym, a co-lead investor in the debt financing through Shalcor Management Inc., have both joined the board of directors. Matt Sacks brings extensive experience investing in technology busin
Second consecutive quarter with positive Adjusted EBITDA*, increasing year-to-date Adjusted EBITDA* to $0.5 million, representing a $3.0 million year-on-year improvement2% quarter-over-quarter increase in revenue to $6.6 millionOperating expenses reduced by 35% year-on-year BOCA RATON, Fla., Aug. 13, 2024 (GLOBE NEWSWIRE) -- SpringBig Holdings, Inc. ("Springbig" or the "Company") (OTCQX:SBIG), a leading provider of SaaS-based marketing solutions, consumer mobile app experiences, and omnichannel loyalty programs, today announced its financial results for the second quarter ended June 30, 2024. "We continue to make good progress. Our newer offerings, such as ‘subscriptions by Springbig' an
First quarter with positive Adjusted EBITDA* and sixth consecutive improving quarterOperating expenses reduced by 34% year-on-yearStronger balance sheet, with no near-term debt maturitiesMark Silver, founder of Direct Energy and Universal Energy Group, appointed to Board of Directors BOCA RATON, Fla., May 14, 2024 (GLOBE NEWSWIRE) -- SpringBig Holdings, Inc. ("Springbig" or the "Company") (OTCQX:SBIG), a leading provider of SaaS-based marketing solutions, consumer mobile app experiences, and omnichannel loyalty programs, today announced its financial results for the first quarter ended March 31, 2024. The Company also announced that Mark Silver, President of Optus Capital Corporation
BOCA RATON, Fla., March 12, 2024 (GLOBE NEWSWIRE) -- SpringBig Holdings, Inc. ("Springbig" or the "Company") (OTCQX:SBIG), a leading provider of SaaS-based marketing solutions, consumer mobile app experiences, and omnichannel loyalty programs, today announced its financial results for the fourth quarter and full year ended December 31, 2023. "We have made excellent progress during the past year and are very well positioned to deliver on our 2024 operating plan," said Jeffrey Harris, CEO and Chairman of Springbig. "We continue to deliver exceptional value to our clients across our broadening platform and to add innovative new offerings such as the recently launched ‘subscriptions by Spring