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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.

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SpringBig Holdings, Inc. (NASDAQ: SBIG) expects its securities to be delisted from Nasdaq and quoted on the OTCQX® Best Market starting September 6, 2023. The delisting is due to non-compliance with Nasdaq listing requirements. The transition to OTCQX is expected to reduce costs and complexities. The CFO anticipates generating positive adjusted EBITDA for the second half of the fiscal year. Three directors have resigned from the board, and the board will now consist of Sergey Sherman, Phil Schwarz, Jon Trauben, and Jeffrey Harris.
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SpringBig Holdings, Inc. (NASDAQ: SBIG) announced its financial results for Q2 2023. Revenue increased to $7.2 million, up 12% YoY. Subscription revenue was up 19% YoY. Gross profit was $5.7 million, representing 24% YoY growth and a margin of 79%. Net loss was $(2.0) million. Adjusted EBITDA loss was $(1.1) million. Half-year revenue increased to $14.4 million, a 14% increase from the prior year. Subscription revenue was $11.4 million, a YoY increase of 23%. Gross profit was $11.5 million, representing 26% YoY growth and a margin of 80%. Net loss was $(4.3) million. Adjusted EBITDA loss was $(2.5) million.
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springbig launches Campaign Follow-Ups feature, improving ROI performance of marketing campaigns.
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springbig (NASDAQ: SBIG) will report its Q2 2023 results on August 10th, 2023. The company offers SaaS-based marketing solutions, consumer mobile app experiences, and omnichannel loyalty programs to the cannabis industry.
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springbig, a leading provider of SaaS-based marketing solutions, has released its Subscription Loyalty Service. Oasis Cannabis, a retailer in Las Vegas, has seen success with the service, welcoming 117 new subscribers and recording a 42.1% increase in visits per subscriber since July 1st. Subscribers have visited Oasis Cannabis an additional time each month and their total spend has increased by 30% on average on the first visit and 27% across all visits. Oasis Cannabis has recorded 339 subscriber visits and earned over $22,000 in subscriber revenue. The Subscription Loyalty Service offers retailers the ability to customize subscription rates, implement free trial periods, and design subscription tiers.
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springbig (NASDAQ: SBIG) Releases Q2 Data Report on North American Cannabis Market Trends
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SpringBig Holdings, Inc. announces preliminary Q2 results with expected revenues of $7.2 million, a 12% YoY growth, and an Adjusted EBITDA loss of $1.1 million. For the first half of the fiscal year, revenues increased by 14% YoY to $14.4 million and Adjusted EBITDA loss reduced by 58% to $2.5 million. The company expects revenue in the range of $31.0 million to $32.5 million for the year ending December 31, 2023, representing 19% growth at the mid-point, and an Adjusted EBITDA loss in the range of $(1.5) million to $(2.0) million. The company aims to achieve Adjusted EBITDA profitability in Q3 of this year.
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FAQ

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

The current stock price of SpringBig Holdings (SBIG) is $0.073948 as of April 4, 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.

Nasdaq:SBIG

SBIG Rankings

SBIG Stock Data

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