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SpringBig Holdings Inc - SBIGW STOCK NEWS

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

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.

News

springbig Reports Second Quarter 2023 Financial Results

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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

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springbig launches Campaign Follow-Ups feature, improving ROI performance of marketing campaigns.
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springbig to Report Second Quarter 2023 Financial Results on August 10, 2023

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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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Subscriptions Loyalty Service Elevates Success For Cannabis Retailers

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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 Releases 2023 Q2 Cannabis Market Data Report

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springbig (NASDAQ: SBIG) Releases Q2 Data Report on North American Cannabis Market Trends
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springbig Announces Preliminary Q2 Results and Updated Business Outlook

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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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springbig Introduces AI Assistant Tool

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springbig Launches Updates to Platform UI and Subscriptions Service

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springbig Introduces Subscription Loyalty Service

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springbig Launches Loyalty Integration with Cova

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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.
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SpringBig Holdings Inc

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