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SpringBig Holdings Inc. (OTCQX: SBIG) is a leading provider of vertical SaaS-based marketing solutions, offering customer loyalty and marketing automation tools to retailers and brands in the U.S. and Canada. The company recently launched Gift Cards by Springbig, a new feature that enhances payment solutions for dispensary transactions. With a focus on convenience and accessibility, Springbig aims to revolutionize the way consumers engage with retailers through secure and user-friendly payment options. The company's CEO, Jeffrey Harris, emphasizes the importance of simplifying the payments process and meeting consumers' preferences through digital channels. SpringBig's innovative solutions, including 'subscriptions by springbig' and 'gift cards by springbig,' enable clients to retain and grow their customer bases while providing a hassle-free shopping experience. With a strong balance sheet and positive Adjusted EBITDA, SpringBig is poised for meaningful market success in 2024.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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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FAQ
What is the current stock price of SpringBig Holdings (SBIGW)?
The current stock price of SpringBig Holdings (SBIGW) is $0.0007 as of February 12, 2025.
What does SpringBig Holdings Inc. specialize in?
SpringBig Holdings Inc. provides customer loyalty and marketing automation solutions to retailers and brands in the U.S. and Canada.
What recent feature did SpringBig launch?
SpringBig recently launched Gift Cards by Springbig, a new payment solution for dispensary transactions.
Who is the CEO of SpringBig Holdings Inc.?
Jeffrey Harris serves as the CEO of SpringBig Holdings Inc.
What are some of the innovative solutions offered by SpringBig?
SpringBig offers 'subscriptions by springbig' and 'gift cards by springbig' to help clients retain and grow their customer bases.
How does SpringBig aim to enhance the shopping experience for consumers?
SpringBig focuses on convenience and accessibility, offering user-friendly payment options and seamless digital channels for consumers.
What is SpringBig's outlook for 2024?
SpringBig is optimistic about meaningful market success in 2024, supported by a strong balance sheet and positive Adjusted EBITDA.
SpringBig Holdings Inc