Streetbeat News

SBIG

SpringBig Holdings Inc

Industry

Software Publishers

Open

0.08

Mkt cap

4.6M

Volume

1.5K

High

0.10

P/E Ratio

-0.71

52-wk high

0.20

Low

0.08

Div yield

N/A

52-wk low

0.06

WestPark Capital analyst Casey Ryan has reiterated a Buy rating on SpringBig Holdings (OTC:SBIG) and maintained a $1 price target.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 6:05 pm

SpringBig Holdings, Inc. (OTCQX:SBIG) reported a narrowed net loss for Q2 2024, with revenue totaling $6.6 million, an 8.3% YoY decline but a 2% QoQ increase. The company highlighted the traction of new offerings and reduced operating expenses by 36% YoY. Adjusted EBITDA turned positive at $0.3 million.

Portfolio Pulse from Jelena Martinovic

August 14, 2024 | 5:57 pm

WestPark Capital analyst Casey Ryan has reiterated a Buy rating on SpringBig Holdings (OTC:SBIG) and maintained a $1 price target.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 11:50 am

Springbig Holdings, Inc. (OTCQX:SBIG) reported a slight decline in Q1 2024 revenue but improved its net loss and achieved positive adjusted EBITDA for the first time. The company also announced the appointment of Mark Silver to its board and maintained its full-year financial guidance.

Portfolio Pulse from Rolando García

May 16, 2024 | 12:36 pm

Springbig (OTC:SBIG), a SaaS-based marketing solutions and loyalty programs provider, reported a Q4 revenue of $6.8 million, marking a 1% year-on-year growth. The company saw a 10% rise in subscription revenue, with a gross margin of 70%. The net loss improved to $3.2 million from $4.5 million the previous year. For 2023, Springbig's revenue was $28.1 million, a 5% increase from 2022, with subscription services driving growth. The company anticipates 2024 revenues between $29 to $32 million and a positive Adjusted EBITDA of $3.5 to $5.0 million.

Portfolio Pulse from Nicolás Jose Rodriguez

March 12, 2024 | 10:22 pm

SpringBig Holdings (OTC:SBIG) reported Q4 earnings with an EPS of $-0.07, missing estimates by -600% compared to the expected $-0.01. Revenue increased by $48 thousand year-over-year. The company's past earnings performance shows a pattern of missing EPS estimates, leading to significant share price drops, such as a 20% decrease following last quarter's earnings miss.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 9:50 pm

January saw significant executive and board changes in the cannabis industry. Flora Growth Corp.'s CEO, Clifford Starke, was elected chairman of the U.S. Hemp Roundtable. 4Front Ventures and The Cannabist Company Holdings announced new CEOs. Organigram Holdings and other companies made board appointments, while MedMen Enterprises and BZAM Ltd. saw departures. Trulieve Cannabis appointed a new COO, and other companies expanded their executive teams.

Portfolio Pulse from Jelena Martinovic

February 02, 2024 | 4:01 pm

SpringBig Holdings Inc (OTCQX:SBIG) has launched 'Gift Cards by Springbig,' a new payment solution for cannabis retailers. The service includes both physical and digital gift cards, aligning with consumer trends that show a preference for such payment methods. With 76% of consumers purchasing gift cards last year and 61% spending more than the card's value, this innovation could lead to increased revenue for merchants. CEO Jeffrey Harris compares the ease of use to the Starbucks app, suggesting a focus on smartphone convenience. Springbig, known for its loyalty and marketing solutions, could see a boost in sales and customer engagement from this launch.

Portfolio Pulse from Patricio Liddle

November 20, 2023 | 11:13 pm

SpringBig Holdings, Inc. (OTCQX:SBIG) reported its Q3 2023 financial results, showing a 13% YoY increase in subscription revenue but a 5% decline in overall revenue. The company reduced its Adjusted EBITDA loss to $0.9 million from $3.4 million the previous year and cut its net loss to $2.7 million from $3.1 million. Gross profit margin remained strong at 77%. Operational highlights include adding 89 new clients and launching a new subscription-based VIP loyalty program. CFO Paul Sykes aims for positive Adjusted EBITDA in Q4 and notes a 40% reduction in operating expenses. SBIG's stock fell 8.47% to $0.175 per share.

Portfolio Pulse from Joana Scopel

November 13, 2023 | 11:24 pm

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%.

Portfolio Pulse from vinayak@benzinga.com

November 13, 2023 | 10:08 pm

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