Welcome to our dedicated page for SpringBig Holdings news (Ticker: SBIGW), a resource for investors and traders seeking the latest updates and insights on SpringBig Holdings stock.
The news page for SPRINGBIG HLDGS INC WTS (SBIGW) provides ongoing coverage of announcements and developments related to SpringBig Holdings, Inc., the company whose warrants trade under this symbol. Springbig describes itself as a market-leading, AI-powered MarTech and software platform that delivers customer loyalty and marketing automation solutions to retailers and brands in regulated and high-risk industries.
News items commonly include financial results and operational updates, where Springbig reports quarterly performance, discusses trends in revenue, gross margin, and Adjusted EBITDA, and outlines cost management actions and capital structure changes. These releases often explain how recurring subscription and platform fees contribute to its revenue mix and how management evaluates performance using non-GAAP measures such as EBITDA and Adjusted EBITDA.
Product and technology announcements are another key category of coverage. Springbig has highlighted AI-driven enhancements to its marketing and loyalty platform, integrations with other technology providers, and new features that support SMS marketing, omnichannel communication, and loyalty programs in regulated markets. Company communications also describe expansion into sectors such as cannabis retail and gaming, emphasizing solutions tailored to the compliance and messaging needs of these industries.
Corporate developments, such as acquisitions, leadership changes, and strategic partnerships, are also reflected in the news flow. These updates offer context on how Springbig is evolving its platform, strengthening its executive team, and extending its reach across regulated and high-risk sectors. For followers of SBIGW, this news stream helps connect warrant trading with the underlying company’s business direction and disclosures.
Investors and observers can use the SBIGW news page to monitor how Springbig’s AI-powered marketing and loyalty platform, sector focus, and financial profile develop over time, based solely on the company’s own press releases and related public statements.
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.