SpringBig Holdings, Inc. Stock Price, News & Analysis

springbig (NASDAQ: SBIG) will report its Q1 2023 financial results on May 4, 2023, after market close. The Company provides SaaS-based marketing solutions, focusing on the cannabis industry, including consumer mobile app experiences and loyalty programs. A conference call to discuss the results will take place the same day at 5:00 p.m. ET. Participants can register for the call online or via phone for access details. springbig's platform enhances customer engagement using SMS marketing and analytics, aimed at improving retailer and brand interactions in the U.S. and Canada.

springbig has launched its first AI-driven solution, the Brands Marketplace Offering, aimed at helping retailers make informed decisions by analyzing consumer data in the cannabis sector. This feature tracks purchasing habits, including time of purchase and product preferences, using advanced machine learning algorithms. The aim is to enhance the retail experience for both store owners and customers, potentially increasing sales returns. Additionally, springbig has rolled out other features throughout the year to improve client engagement. The company has received industry recognition, positioning itself as a leader in SaaS-based marketing solutions for cannabis retailers in the U.S. and Canada.

Springbig, a leading SaaS marketing solutions provider, announced the expansion of its partnerships with Shopify and KORONA POS to enhance customer loyalty solutions. This follows their initial collaboration with Shopify, which launched the first loyalty app tailored for cannabis and CBD brands, potentially reaching Shopify's nearly three million users. Recent upgrades allow reward redemption directly at the point of sale (POS). The new integration with KORONA POS permits merchants to manage loyalty offerings at checkout. Springbig aims to integrate with additional POS systems and enhance customer engagement across multiple industries.

Springbig announces a new integration with Alleaves, enhancing customer loyalty programs for dispensaries. This two-way integration allows consumers to easily enroll in loyalty programs through various methods, including text-to-join and QR codes. Profiles sync automatically with dispensaries' point-of-sale systems, enabling rewards redemption via smartphones or in-store.

CEO Jeffrey Harris emphasizes the integration's potential to support cannabis entrepreneurs in a changing industry, while Alleaves aims to empower cannabis businesses with comprehensive ERP solutions. This partnership enhances consumer engagement and operational efficiency for retailers.

SpringBig Holdings (NASDAQ: SBIG) announced its financial results for Q4 and full year 2022. Revenue for Q4 reached $6.8 million, up 2% year-on-year, with subscription revenue increasing 33%. The company reported a net loss of $(4.5 million) compared to $(2.5 million) the previous year. For the full year, revenue totaled $26.6 million, a 14% increase, while net loss widened to $(13.1 million). Looking ahead, SpringBig expects Q1 2023 revenue between $7.1 - $7.4 million and aims for full year revenue of $31 - $34 million, indicating 22% growth.