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SpringBig Holdings, Inc. (OTCQX: SBIG) is a prominent software platform that offers customer loyalty and marketing automation solutions to retailers and brands in the U.S. and Canada. Their cutting-edge platform aims to connect consumers with retailers primarily through SMS marketing, as well as via emails, a customer feedback system, and loyalty programs, all designed to enhance customer engagement and retention.
Springbig's latest features include an innovative Campaign Follow-Ups tool that allows merchants to schedule, create, and send follow-up messages based on user interaction with initial campaigns. This feature simplifies engagement and drives performance by targeting messages based on user behavior. Additionally, Springbig has launched Gift Cards by Springbig, a feature that offers both physical and digital gift cards, streamlining the payment process and catering to the growing consumer demand for convenience.
Beyond these new offerings, Springbig provides robust reporting and analytics tools that help clients understand customer behavior and trends, enabling smarter marketing decisions. Their recent integration with Lightspeed, a unified POS and payments platform, highlights their commitment to seamless, compliant marketing solutions within and beyond the cannabis industry.
Springbig's CEO, Jeffrey Harris, underscores the company's strategic initiatives and financial health, emphasizing their sound investments and innovative solutions such as subscription-based VIP loyalty programs. The company's recent positive Adjusted EBITDA and successful Convertible Note and Term Loan financing further bolster their growth trajectory.
In summary, Springbig continues to set the standard in customer loyalty and marketing automation, providing valuable tools and insights that drive retail foot traffic and customer retention, while expanding their reach into new industries and securing a stronger financial footing for future growth.
springbig (NASDAQ: SBIG) will report its Q1 2023 financial results on May 4, 2023, after market close. The Company provides SaaS-based marketing solutions, focusing on the cannabis industry, including consumer mobile app experiences and loyalty programs. A conference call to discuss the results will take place the same day at 5:00 p.m. ET. Participants can register for the call online or via phone for access details. springbig's platform enhances customer engagement using SMS marketing and analytics, aimed at improving retailer and brand interactions in the U.S. and Canada.
springbig has launched its first AI-driven solution, the Brands Marketplace Offering, aimed at helping retailers make informed decisions by analyzing consumer data in the cannabis sector. This feature tracks purchasing habits, including time of purchase and product preferences, using advanced machine learning algorithms. The aim is to enhance the retail experience for both store owners and customers, potentially increasing sales returns. Additionally, springbig has rolled out other features throughout the year to improve client engagement. The company has received industry recognition, positioning itself as a leader in SaaS-based marketing solutions for cannabis retailers in the U.S. and Canada.
Springbig, a leading SaaS marketing solutions provider, announced the expansion of its partnerships with Shopify and KORONA POS to enhance customer loyalty solutions. This follows their initial collaboration with Shopify, which launched the first loyalty app tailored for cannabis and CBD brands, potentially reaching Shopify's nearly three million users. Recent upgrades allow reward redemption directly at the point of sale (POS). The new integration with KORONA POS permits merchants to manage loyalty offerings at checkout. Springbig aims to integrate with additional POS systems and enhance customer engagement across multiple industries.
Springbig announces a new integration with Alleaves, enhancing customer loyalty programs for dispensaries. This two-way integration allows consumers to easily enroll in loyalty programs through various methods, including text-to-join and QR codes. Profiles sync automatically with dispensaries' point-of-sale systems, enabling rewards redemption via smartphones or in-store.
CEO Jeffrey Harris emphasizes the integration's potential to support cannabis entrepreneurs in a changing industry, while Alleaves aims to empower cannabis businesses with comprehensive ERP solutions. This partnership enhances consumer engagement and operational efficiency for retailers.
SpringBig Holdings (NASDAQ: SBIG) announced its financial results for Q4 and full year 2022. Revenue for Q4 reached $6.8 million, up 2% year-on-year, with subscription revenue increasing 33%. The company reported a net loss of $(4.5 million) compared to $(2.5 million) the previous year. For the full year, revenue totaled $26.6 million, a 14% increase, while net loss widened to $(13.1 million). Looking ahead, SpringBig expects Q1 2023 revenue between $7.1 - $7.4 million and aims for full year revenue of $31 - $34 million, indicating 22% growth.
SpringBig Holdings (NASDAQ: SBIG) announced participation in the 35th Annual Roth Conference from March 12-14, 2023. CEO Jeffrey Harris and CFO Paul Sykes will hold a fireside chat starting at 1:30 PM PT on March 13. Investors can view the live broadcast here. A replay will be available for 90 days post-conference. SpringBig specializes in SaaS marketing solutions for the cannabis industry, enhancing customer loyalty through SMS, email, and analytics. For more information, visit their Investor Relations page.
On February 23, 2023, springbig (NASDAQ: SBIG) announced it will release its Q4 2022 and full-year 2022 financial results after market close on March 9, 2023. The company will host a conference call at 5:00 p.m. ET on the same day to discuss these results. Interested participants can register for a live webcast or join via phone. springbig provides SaaS-based marketing solutions and loyalty programs for the cannabis industry, connecting consumers with retailers through various communication methods, including SMS marketing.
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