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 Holdings, Inc. (NASDAQ: SBIG) reported second-quarter 2022 revenue of $6.6 million, a 13% increase year-over-year. Subscription revenue rose by 35%, with a net dollar retention rate of 114%. The company added 509 new retail locations, totaling over 2,800. Despite an adjusted EBITDA loss of $(3.6) million and a basic net income loss per share of $(0.14), SpringBig anticipates full-year 2022 revenue between $26-$29 million, indicating 15% growth. For 2023, the firm expects acceleration in growth and plans to achieve EBITDA breakeven.
springbig (NASDAQ: SBIG) will announce its Q2 results on August 15, 2022, after market close, followed by a conference call at 5:00 p.m. ET. As a leading provider of SaaS marketing solutions for the cannabis industry, springbig focuses on customer loyalty and engagement through SMS marketing and analytics. The conference call offers participants the chance to register for a live webcast or join via phone.
For more information and access to the archived webcast, visit springbig's investor relations website.
Sales performance on July 10 surpassed previous Sundays by an average of 15%. springbig (NASDAQ: SBIG, SBIGW), specializing in SaaS marketing solutions for the cannabis sector, reported significant gains for the weekends surrounding July 4 and July 10. The company experienced an 18% increase in text messages and a 22% rise in total campaigns on Independence Day. Notably, July 10 saw a 20% increase in campaigns and a remarkable 46% surge in concentrates sales. This strong performance emphasizes the resilience of the cannabis industry amid uncertainties.
springbig announced an exclusive partnership with Kind+, introducing a subscription-as-a-service for cannabis retailers. This platform enables retailers to generate recurring revenue while offering consumer benefits like special pricing. The service is free to install, requiring under one hour for setup. Retailers can choose from four tiers offering various cost savings and marketing benefits. Notably, the Advanced tier provides up to $15,600 in annual savings. This partnership aims to enhance retail marketing and consumer engagement in the cannabis sector.
Springbig unveils enhanced marketing features tailored for the cannabis industry, improving communication for compliant dispensary marketing. Key updates include a sophisticated email engine allowing custom designs, Member Offers for direct wallet notifications, and the Campaign Caddie for data-driven marketing strategies. In addition, springbig has completed its business combination with Tuatara Capital, marking it as the largest publicly traded marketing automation platform in cannabis. The company's stock now trades under tickers SBIG and SBIGW.
SpringBig Holdings (NASDAQ: SBIG, SBIGW) announced the completion of its business combination with Tuatara Capital Acquisition Corporation on June 14, 2022. Following this, SpringBig reported a strong balance sheet with $15 million in cash and a public float exceeding 6.6 million shares, representing approximately 26% of outstanding shares. CFO Paul Sykes stated the company is positioned for cash flow breakeven by early 2023 and is looking to pursue strategic M&A opportunities to complement its growth.
Trading begins on Nasdaq Global Market under symbols “SBIG” and “SBIGW” following the completion of the business combination between springbig and Tuatara Capital Acquisition Corporation (TCAC). The merger was approved on June 9, 2022, leading to TCAC's name change to SpringBig Holdings, Inc. springbig, a leader in SaaS marketing solutions for the cannabis industry, serves over 1,300 clients across 2,400 retail locations. The company also issued $11 million in convertible notes and plans to explore growth opportunities.