STOCK TITAN

SpringBig Holdings, Inc. - SBIG STOCK NEWS

Welcome to our dedicated page for SpringBig Holdings news (Ticker: SBIG), a resource for investors and traders seeking the latest updates and insights on SpringBig Holdings stock.

Overview

SpringBig Holdings, Inc. (SBIG) is a sophisticated software platform that delivers advanced loyalty marketing and automation solutions. Focused on highly regulated sectors such as cannabis, gaming, liquor, and health & beauty, the company harnesses the power of SMS marketing, mobile push notifications, and interactive messaging tools to drive customer engagement and retention. With a commitment to compliance and technology innovation, SpringBig equips retailers and brands with the tools needed to enhance communication channels, boost revenue, and cultivate long-lasting customer relationships.

Core Business and Value Proposition

At its core, SpringBig provides an integrated set of solutions designed to simplify and streamline customer engagement for businesses operating under strict regulatory frameworks. The platform enables companies to deploy targeted marketing campaigns, loyalty programs, and personalized communications via common channels such as text messaging and email. This multifaceted approach ensures that businesses can connect with their customers in a reliable, secure, and engaging manner.

Technology Integration and Innovation

One of the distinguishing features of SpringBig is its ability to seamlessly integrate with a variety of point-of-sale (POS) systems. The company has successfully extended its integrations with prominent platforms like Lightspeed and Greenline, ensuring a two-way exchange of data that enhances the customer journey. Their innovative MP5 messaging feature exemplifies this advanced technological prowess, allowing for personalized, interactive, full-screen video content delivered directly to consumers' mobile devices. These integrations not only streamline operations but also provide invaluable data analytics and reporting capabilities, which are critical for data-driven decision making in competitive markets.

Market Position and Competitive Landscape

SpringBig occupies a unique niche in a crowded market by focusing on industries that are under rigorous regulatory oversight. Its expertise in navigating complex compliance issues sets it apart from competitors offering more generic marketing solutions. The company’s platform is engineered to meet the high standards of regulated sectors, ensuring robust security, message deliverability, and performance reliability. By maintaining this stringent focus, SpringBig has carved out a significant competitive advantage, making it a preferred partner for retailers who require both precision and adaptability in their marketing communications.

Industry Expertise and Compliance

SpringBig’s operations are deeply embedded in the nuances of regulated industries. This expertise is reflected in their tailored solutions that adhere to the specific regulatory requirements of sectors such as cannabis, gaming, and beyond. The company’s approach to customer engagement is underscored by an adherence to industry best practices and regulatory frameworks, ensuring that all marketing campaigns are both compliant and effective. This strategic positioning reassures clients that their marketing communications are executed with the highest levels of professionalism and legal integrity.

Customer Engagement and Marketing Automation

Customer engagement is at the heart of SpringBig's offering. The platform's suite of tools, including SMS marketing, loyalty rewards programs, and interactive video messaging, work together to create an ecosystem that drives repeat business and enhances customer loyalty. The ability to craft personalized, one-to-one communications helps businesses not only capture immediate attention but also build a sustained, long-term brand presence. SpringBig’s solutions are designed to convert occasional buyers into loyal ambassadors through consistent, engaging, and measurable interactions.

Strategic Partnerships

SpringBig’s robust network of strategic partnerships reinforces its market position and technological capabilities. Collaborations with key technology providers like AWS and integration with leading POS systems such as Lightspeed and Greenline exemplify the company's commitment to providing comprehensive support across multiple platforms. These partnerships enhance the overall functionality of SpringBig’s platform, allowing for smooth onboard integration, improved message deliverability, and advanced analytics that empower retailers to make informed decisions.

Operational Excellence

Efficiency and reliability are cornerstones of SpringBig’s platform. With a high focus on compliance, the company delivers solutions that are not only technologically advanced but also operationally sound. The integration of sophisticated analytics and reporting tools enables clients to monitor campaign performance in real-time and adjust strategies as needed. This operational excellence, combined with an unwavering focus on customer satisfaction, forms the bedrock of SpringBig’s approach to marketing automation.

Conclusion

SpringBig Holdings, Inc. stands as a prominent example of how innovative technology can transform marketing communications within regulated industries. By merging robust loyalty programs, automated marketing features, and seamless integration with leading POS systems, the company provides retailers and brands a powerful toolset to drive customer engagement and business growth. Its detailed focus on compliance, customer-centric innovations, and strategic industry partnerships further underscores its significant role within the contemporary marketing landscape.

Rhea-AI Summary

Springbig supports the DEA's decision to reclassify marijuana, highlighting new business opportunities and improved consumer access. This move signifies a positive shift in the cannabis industry, reducing regulatory barriers and promoting growth. CEO Jeff Harris emphasizes the transformative impact on businesses and consumers, with Springbig well-positioned to assist companies in navigating the changing landscape.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.68%
Tags
none
-
Rhea-AI Summary
Springbig launches '20 Days of 4/20' campaign to boost customer engagement and brand loyalty for dispensaries in preparation for the upcoming celebration on April 20th. The campaign aims to provide daily recommendations to empower dispensary owners and marketers to enhance customer retention and solidify brand relationships.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-15.62%
Tags
none
-
Rhea-AI Summary
Springbig Holdings, Inc. (SBIG) announced integration with Lightspeed Commerce Inc. to expand marketing solutions beyond the cannabis industry, enhancing customer engagement and loyalty across various sectors. The 2-way integration includes loyalty and advanced text functions for Lightspeed merchants.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.99%
Tags
none
Rhea-AI Summary
SpringBig Holdings, Inc. (SBIG) reports financial results for Q4 and full year 2023 with revenue growth, debt financing, and new product launches. The company expects positive revenue and EBITDA for 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.88%
Tags
-
Rhea-AI Summary
Springbig (SBIG) to announce Q4 and full-year 2023 results on March 12, 2024, followed by a conference call. The Company offers SaaS-based marketing solutions and omnichannel loyalty programs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.03%
Tags
conferences earnings
-
Rhea-AI Summary
SpringBig Holdings, Inc. announced changes in its board of directors following the completion of an $8.0 million debt financing with a syndicate of lenders. Matt Sacks and Shawn Dym have joined the board, bringing extensive experience in technology and cannabis industries. Phil Schwarz and Jon Trauben have resigned from the board, effective January 23, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
management
Rhea-AI Summary
SpringBig Holdings, Inc. secures $8.0 million of debt financing to repurchase existing debt, reduce expenses, and support future growth. The company expects to achieve positive Adjusted EBITDA in 2024 and anticipates revenue growth of 10% at the midpoint.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
buyback
-
Rhea-AI Summary
SpringBig Holdings, Inc. (SBIG) launches Gift Cards by Springbig, a new feature on the platform to revolutionize dispensary transactions. The feature aims to streamline payments, meet evolving consumer preferences, and enhance accessibility. The launch is timely, coinciding with the holiday season and the growing trend of digital gift cards. Seventy six percent of consumers have purchased a gift card in the past year, and 40 percent were digital. The new feature offers a user-friendly, secure, and efficient payment solution, similar to the Starbucks app, empowering retailers to meet consumers' preferences.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4%
Tags
none
-
Rhea-AI Summary
SpringBig Holdings, Inc. (OTCQX: SBIG) announced its Q3 2023 financial results, reporting a 5% year-on-year decrease in revenue, but a 13% increase in subscription revenue. The company's gross profit margin was 77%, and they achieved a 31% year-on-year reduction in operating expenses, resulting in an improved Adjusted EBITDA loss of $(0.9) million compared to $(3.4) million in the prior year. The company also added 89 new clients in Q3, with a financial outlook expecting a 6% year-on-year revenue growth for the full year, and an Adjusted EBITDA loss of $(3.4) million for the year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-20%
Tags
Rhea-AI Summary
springbig, a leading provider of SaaS-based marketing solutions, consumer mobile app experiences, and omnichannel loyalty programs, will report its Q3 2023 results on November 13, 2023. The company will host a conference call at 5:00 p.m. ET on the same day.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.43%
Tags
conferences earnings

FAQ

What is the current stock price of SpringBig Holdings (SBIG)?

The current stock price of SpringBig Holdings (SBIG) is $0.0711 as of April 1, 2025.

What is the market cap of SpringBig Holdings (SBIG)?

The market cap of SpringBig Holdings (SBIG) is approximately 3.7M.

What is the core business of SpringBig Holdings, Inc.?

SpringBig is a software platform offering loyalty marketing and automation solutions designed for regulated industries. Its services focus on enhancing customer engagement through SMS marketing, push notifications, and loyalty programs.

Which industries does SpringBig primarily serve?

The company caters to businesses in highly regulated sectors including cannabis, gaming, liquor, and health & beauty, among others, by providing tailored marketing solutions to meet strict compliance requirements.

How does SpringBig generate revenue?

SpringBig employs a subscription-based SaaS model for its marketing automation platform. The company also generates income through strategic integrations and partnerships that enhance the functionality of its core offerings.

What are the key technological features of the SpringBig platform?

The platform offers advanced SMS marketing, interactive MP5 messaging for full-screen video content, loyalty rewards programs, and deep integrations with POS systems. These features work together to deliver personalized customer communications and actionable analytics.

How does SpringBig address compliance and regulatory challenges?

SpringBig designs its solutions with strict adherence to industry-specific regulatory standards. Its platform ensures that all marketing communications are compliant while still delivering engaging and effective campaigns.

What differentiates SpringBig from its competitors?

SpringBig stands out through its focus on regulated sectors, innovative technology integrations, and comprehensive analytics capabilities. Its ability to seamlessly integrate with multiple POS and SaaS solutions enhances its competitive advantage.

What role do strategic partnerships play in SpringBig's business model?

Strategic partnerships with technology giants like AWS and POS providers such as Lightspeed and Greenline enable SpringBig to offer enhanced, integrated services. These alliances ensure robust performance and expand the platform’s reach across various regulated markets.

How does SpringBig's MP5 messaging feature contribute to customer engagement?

The MP5 feature allows for highly personalized interactive video messaging delivered via SMS and push notifications. This innovation significantly boosts engagement by providing dynamic, customized content that captures consumer interest and drives repeat business.
SpringBig Holdings, Inc.

OTC:SBIG

SBIG Rankings

SBIG Stock Data

3.71M
22.55M
16.07%
18.73%
0.56%
Software - Application
Technology
Link
United States
Boca Raton