Welcome to our dedicated page for SpringBig Holdings news (Ticker: SBIG), a resource for investors and traders seeking the latest updates and insights on SpringBig Holdings stock.
SpringBig Holdings, Inc. (SBIG) regularly publishes news that highlights its role as a provider of AI-powered MarTech, customer loyalty, and marketing automation solutions for regulated and high-risk industries. Company press releases focus on product launches, sector expansions, integrations, executive appointments, and financial results, giving readers insight into how Springbig is evolving its software platform and business strategy.
News updates frequently cover new features on the Springbig platform, such as interactive messaging capabilities and authentication tools for gated links, which are described as ways to improve campaign engagement and simplify secure access to offers. The company also issues announcements about entering or expanding within regulated sectors, including cannabis retail and gaming, and about technology partnerships that support these efforts.
Another major theme in Springbig’s news is its financial performance and operational progress. Earnings releases discuss revenue composition, subscription and platform fees, gross profit, operating expenses, net income or loss, and non-GAAP measures such as Adjusted EBITDA. These updates often describe trends in cost control, recurring revenue, and cash flows, as presented by the company.
Readers of the SBIG news page can expect coverage of strategic integrations with point-of-sale and retail operations platforms, examples of client outcomes in regulated markets, and changes in leadership or governance. For investors and industry observers, this news flow provides context on how Springbig positions its AI software platform, manages its financial profile, and responds to conditions in the regulated industries it serves.
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.
SpringBig Holdings (NASDAQ: SBIG) announced participation in the 35th Annual Roth Conference from March 12-14, 2023. CEO Jeffrey Harris and CFO Paul Sykes will hold a fireside chat starting at 1:30 PM PT on March 13. Investors can view the live broadcast here. A replay will be available for 90 days post-conference. SpringBig specializes in SaaS marketing solutions for the cannabis industry, enhancing customer loyalty through SMS, email, and analytics. For more information, visit their Investor Relations page.
On February 23, 2023, springbig (NASDAQ: SBIG) announced it will release its Q4 2022 and full-year 2022 financial results after market close on March 9, 2023. The company will host a conference call at 5:00 p.m. ET on the same day to discuss these results. Interested participants can register for a live webcast or join via phone. springbig provides SaaS-based marketing solutions and loyalty programs for the cannabis industry, connecting consumers with retailers through various communication methods, including SMS marketing.
springbig has launched new marketing features, emphasizing personalized marketing for the cannabis industry. The updates include 'Build Your Own Audience,' enhancing customer segmentation, and 'Compare Campaigns,' allowing merchants to analyze previous marketing efforts. springbig’s new branding reflects its growth in SaaS-based solutions, aiming to provide dispensary owners with tailored campaigns. The company has been recognized by Deloitte as one of the 500 fastest-growing companies in 2022, indicating its impact in improving client marketing strategies. The new features eliminate the need for additional data platforms, streamlining marketing efforts for cannabis retailers.
springbig (NASDAQ: SBIG) has launched a new integration with Flowhub, enhancing the checkout experience for dispensaries. This integration allows budtenders to redeem springbig rewards directly at the point of sale, simplifying reward tracking for customers. The Flowhub Maui™ platform, known for its efficiency, is over 20 times faster than its predecessor, facilitating better retail operations. This partnership aims to improve customer engagement and operational efficiency in the cannabis market, leveraging technology to boost profitability. Both companies focus on enhancing retail experiences through their collaborative efforts.
springbig (NASDAQ: SBIG) has launched a new integration with KORONA POS, a cloud-based point-of-sale solution. This bidirectional integration allows merchants to manage loyalty programs directly at checkout and enroll new members seamlessly. By leveraging KORONA POS's advanced sales data, springbig’s marketing platform offers targeted campaigns to enhance consumer engagement and retention. KORONA POS is designed for a wide range of businesses and supports regulatory compliance in the cannabis industry. The integration aims to improve the shopping experience and operational efficiency for both merchants and consumers.
SpringBig Holdings (NASDAQ: SBIG) announced that CEO Jeffrey Harris will present at the 2023 ICR Conference in Orlando, Florida, on January 10, 2023, at 2:00 pm ET. This event is pivotal for the company's visibility in the cannabis marketing space. Attendees can register through the conference website, and a live broadcast will be available on SpringBig's Investor Relations page. The presentation will later have an online replay for 90 days. SpringBig specializes in SaaS marketing solutions and loyalty programs for cannabis retailers, enhancing customer engagement and retention.