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SpringBig Holdings Inc - SBIG STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect SpringBig Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of SpringBig Holdings's position in the market.

News
springbig Reports Second Quarter 2023 Financial Results
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.75%
Tags
earnings
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News
springbig Launches Campaign Follow-Ups Feature
Rhea-AI Summary
springbig launches Campaign Follow-Ups feature, improving ROI performance of marketing campaigns.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.36%
Tags
none
-
News
springbig to Report Second Quarter 2023 Financial Results on August 10, 2023
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.69%
Tags
conferences earnings
News
Subscriptions Loyalty Service Elevates Success For Cannabis Retailers
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.33%
Tags
none
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News
springbig Releases 2023 Q2 Cannabis Market Data Report
Rhea-AI Summary
springbig (NASDAQ: SBIG) Releases Q2 Data Report on North American Cannabis Market Trends
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8%
Tags
none
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News
springbig Announces Preliminary Q2 Results and Updated Business Outlook
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.95%
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none
News
springbig Introduces AI Assistant Tool
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.9%
Tags
AI
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News
springbig Launches Updates to Platform UI and Subscriptions Service
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.61%
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none
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News
springbig Introduces Subscription Loyalty Service
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.4%
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none
News
springbig Launches Loyalty Integration with Cova
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
22.64%
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none
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SpringBig Holdings Inc

Nasdaq:SBIG

SBIG Rankings

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SBIG Stock Data

6.16M
29.33M
19.45%
21.48%
0.56%
Custom Computer Programming Services
Professional, Scientific, and Technical Services
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United States
Boca Raton