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SpringBig Holdings (SBIG)
OTHER OTC:SBIG
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SpringBig Holdings
(OTC:SBIG)
42Neutral
SpringBig Holdings (SBIG) vs. S&P 500 (SPY)
Market Cap
$3.44M
Dividend YieldN/A
Average Volume (3M)11.29K
Price to Earnings (P/E)―
Beta (1Y)0.66
Revenue Growth-12.17%
EPS Growth85.86%
CountryUS
Employees67
SectorTechnology
Sector Strength40
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.04
Shares Outstanding46,470,680
10 Day Avg. Volume846
30 Day Avg. Volume11,290
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.16
Price to Cash Flow (P/CF)1.70
P/FCF Ratio0.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
SpringBig Holdings Business Overview & Revenue Model
Company DescriptionSpringBig Holdings (SBIG) is a leading provider of marketing software solutions, primarily serving the cannabis industry. The company specializes in customer loyalty and communications programs designed to help cannabis dispensaries and brands increase engagement and retention. SpringBig's platform offers a suite of tools including customer relationship management (CRM), data analytics, and marketing automation, tailored to meet the unique needs of businesses within the cannabis sector.
How the Company Makes MoneySpringBig Holdings generates revenue through a subscription-based model where cannabis businesses pay for access to its software platform. The company offers various pricing tiers based on the size and needs of the dispensary or brand, allowing for scalability and customization. Additionally, SpringBig may derive income from transaction fees associated with loyalty programs and marketing campaigns executed through its platform. Significant partnerships with cannabis brands and dispensaries also contribute to its revenue streams, as these alliances help expand its market reach and enhance the value proposition of its offerings.
SpringBig Holdings Financial Statement Overview
Summary
SpringBig Holdings faces financial challenges across all three verticals. Income statement inefficiencies with negative margins and inconsistent revenue growth, balance sheet instability with negative equity and high liabilities, and persistent negative cash flow highlight significant financial distress.Income Statement
SpringBig Holdings has seen fluctuating revenues with a recent decline in the TTM period. The gross profit margin remains relatively strong at 70.65% for TTM, but persistent net losses result in a negative net profit margin. EBIT and EBITDA margins are also negative, indicating ongoing operational challenges. The historical revenue growth is inconsistent, which poses a risk to achieving profitability.45
Neutral
Balance Sheet
The balance sheet reveals a concerning negative equity position of -$8.84M in the TTM, indicating heavy reliance on debt. The debt-to-equity ratio is not meaningful due to negative equity, and the equity ratio is -118.19%, reflecting significant financial instability. Historical data shows a deterioration of financial health with increasing liabilities and declining asset base.30
Negative
Cash Flow
Operating cash flow is consistently negative, though there is a slight improvement in the TTM period. Free cash flow remains negative, which limits internal financing options. The free cash flow to net income ratio is not meaningful due to negative figures, highlighting the company's struggle to convert sales into cash effectively.40
Negative
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 26.30M | 28.05M | 26.63M | 24.02M | 15.18M | 5.73M | Gross Profit |
| 18.58M | 21.56M | 19.93M | 17.09M | 10.21M | 3.65M | EBIT |
| -2.53M | -8.34M | -16.30M | -6.53M | -1.60M | -2.33M | EBITDA |
| -337.00K | -7.30M | -11.55M | -5.58M | -1.58M | -2.33M | Net Income Common Stockholders |
| -3.98M | -10.23M | -13.08M | -5.75M | -1.60M | -2.32M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 10.45M | 331.00K | 3.55M | 2.23M | 10.45M | 2.62M | Total Assets |
| 12.32M | 5.11M | 9.66M | 7.04M | 12.32M | 3.74M | Total Debt |
| 781.00K | 4.68M | 9.74M | 0.00 | 780.95K | 0.00 | Net Debt |
| -9.67M | 4.35M | 6.19M | -2.23M | -9.67M | -2.62M | Total Liabilities |
| 2.80M | 13.78M | 13.98M | 2.58M | 2.80M | 1.04M | Stockholders Equity |
| 9.53M | -8.67M | -4.32M | 4.46M | 9.53M | 2.70M |
| Cash Flow | Free Cash Flow | ||||
| -2.01M | -4.33M | -14.67M | -8.14M | -1.20M | -2.31M | Operating Cash Flow |
| -1.84M | -3.98M | -14.52M | -7.88M | -1.00M | -2.28M | Investing Cash Flow |
| -156.00K | -351.00K | -413.00K | -374.00K | -195.37K | -33.24K | Financing Cash Flow |
| 2.55M | 1.11M | 16.25M | 38.00K | 9.02M | 0.00 |
SpringBig Holdings Technical Analysis
Negative
0.07
Price Trends
0.08
Negative
0.07
Neutral
0.09
Negative
Market Momentum
<0.01
Positive
42.75
Neutral
6.14
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SBIG, the sentiment is Negative. The current price of 0.07 is below the 20-day moving average (MA) of 0.08, below the 50-day MA of 0.08, and below the 200-day MA of 0.09, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 42.75 is Neutral, neither overbought nor oversold. The STOCH value of 6.14 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SBIG.
SpringBig Holdings Risk Analysis
SpringBig Holdings disclosed 67 risk factors in its most recent earnings report. SpringBig Holdings reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
SpringBig Holdings Peers Comparison
Overall Rating
UnderperformOutperform
Sector (57)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $929.55M | 16.37 | 3.80% | ― | 35.87% | ― | |
57 Neutral | $18.54B | 9.84 | -14.38% | 2.71% | 5.07% | -23.65% | |
53 Neutral | $163.61M | 13.55 | 29.12% | ― | -1.85% | ― | |
51 Neutral | $807.54M | ― | -23.33% | ― | 0.67% | 19.14% | |
44 Neutral | $555.28M | ― | -7.28% | ― | 18.38% | 86.59% | |
43 Neutral | $57.09M | ― | -33.74% | ― | -16.39% | -9.08% | |
42 Neutral | $3.44M | ― | ― | -12.17% | 85.86% |
* Technology Sector Average
Performance Comparison
SBIG
SpringBig Holdings
0.07
-0.08
-53.33%
GRWG
GrowGeneration
0.96
-1.70
-63.91%
TLRY
Tilray
0.59
-2.00
-77.22%
TSE:CRON
Cronos Group
2.43
-1.25
-33.97%
TSE:CURA
Curaleaf Holdings
1.07
-6.31
-85.50%
MAPS
WM Technology
1.06
-0.24
-18.46%
SpringBig Holdings Earnings Call Summary
Earnings Call Date: Mar 6, 2025 | % Change Since: -12.50% | Next Earnings Date: May 1, 2025
Earnings Call Sentiment Neutral
SpringBig showed resilience in revenue growth and reduced expenses, achieving positive EBITDA in December. However, challenges remain with macroeconomic pressures affecting client budgets and revenue projections. The company's expansion into new markets presents growth opportunities.Highlights
Revenue Growth and Expense Reduction
SpringBig reported a 5% year-on-year revenue growth, reaching $28.1 million for fiscal 2023. Operating expenses were reduced by 17% year-on-year for the full year and by 31% in Q4.
Positive Adjusted EBITDA Achievement
SpringBig achieved its target of delivering positive adjusted EBITDA before the end of the fiscal year, with December being the first profitable month. Q4 adjusted EBITDA loss was reduced to $0.2 million from $3.2 million in the same quarter last year.
Successful Debt Financing
SpringBig secured $8 million in debt financing, strengthening its balance sheet. The financing consisted of a $6.4 million 8% secured convertible note and a $1.6 million 12% secured term loan.
Growth in Subscription Revenues
Subscription revenues increased by 14% year-on-year, representing 79% of total revenue compared to 73% in the prior year.
Expansion Beyond Cannabis Market
SpringBig is expanding its loyalty and messaging platform to other regulated industries such as alcohol, vape, smoke, and CBD, with 10 contracts already in place.
Lowlights
Macroeconomic Challenges and Client Financial Stress
The company faced challenges due to broader macroeconomic concerns affecting marketing budgets and digital spend, leading to financial stress on clients, particularly in the cannabis industry.
Revenue Decline in Q1 2024 Guidance
Guidance for Q1 2024 indicates a sequential decline in revenue, attributed to seasonality and ongoing macroeconomic challenges.
Churn and Payment Issues with Clients
SpringBig experienced high churn rates and payment issues with some clients, leading to the cessation of services for nonpaying clients.
Gross Margin Impact from Increased Messaging Costs
Gross profit margin decreased in Q4 due to higher message distribution costs charged by telecom operators, impacting overall profitability.
Company Guidance
During the SpringBig Q4 2023 earnings call, the company provided guidance for the first quarter and full year of 2024. They expect Q1 revenue to be between $6.4 million and $6.7 million, with an adjusted EBITDA profit ranging from $0.2 million to $0.4 million. For the full year, they anticipate total revenue to be between $29 million and $32 million, representing a 10% year-on-year growth at the midpoint. The projected adjusted EBITDA profit for the year is estimated between $3.5 million and $5.0 million. SpringBig's CEO, Jeffrey Harris, highlighted the company's strong position, with a 5% revenue growth year-on-year and a significant reduction in operating expenses by 31% in Q4. They reported a positive adjusted EBITDA in December, with a Q4 loss of just $200,000 compared to $3.2 million the previous year. The company also secured $8 million in debt financing to bolster their balance sheet and drive future growth initiatives.SpringBig Holdings Corporate Events
Executive/Board ChangesM&A Transactions
SpringBig Holdings Acquires VICE CRM, Appoints New CEO
Positive
Mar 21, 2025
On March 17, 2025, SpringBig Holdings announced the acquisition of VICE CRM, an AI-enabled performance marketing platform, and appointed its founder, Jaret Christopher, as the new Chief Executive Officer effective April 1, 2025. This strategic move is expected to enhance SpringBig’s capabilities in performance marketing, particularly in highly regulated industries, and marks a leadership transition from Jeffrey Harris, the company’s founder, to Jaret Christopher, who brings significant experience in the SaaS and cannabis markets.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.