SpringBig Holdings Q3 2023 EPS $(0.07) Misses $(0.03) Estimate, Sales $6.89M Miss $7.23M Estimate
Portfolio Pulse from vinayak@benzinga.com
SpringBig Holdings (NASDAQ:SBIG) reported Q3 2023 earnings with an EPS of $(0.07), missing the $(0.03) estimate by 133.33%, and sales of $6.89M, missing the $7.23M estimate by 4.73%. Compared to last year, EPS improved by 41.67% while sales decreased by 7.62%.

November 13, 2023 | 10:08 pm
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NEGATIVE IMPACT
SpringBig Holdings reported a larger than expected quarterly loss and a miss on sales estimates, with a year-over-year decrease in sales.
The earnings miss and lower sales are likely to negatively impact investor sentiment and could lead to a short-term decline in SBIG's stock price. The miss on both EPS and sales estimates, along with a year-over-year decrease in sales, suggests potential underlying issues that investors may find concerning.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100