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SpringBig Holdings (SBIG)
OTHER OTC:SBIG
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Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0Last Year’s EPS
-0.07Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2022
|% Change Since: -37.50%
|Next Earnings Date:Aug 15, 2022
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.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.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.
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SBIG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SBIG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $0.08 | $0.04 | -50.00% |
| Aug 13, 2024 | $0.10 | $0.10 | 0.00% |
| May 14, 2024 | $0.16 | $0.15 | -6.25% |
| Mar 12, 2024 | $0.16 | $0.18 | +12.50% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does SpringBig Holdings (SBIG) report earnings?
SpringBig Holdings (SBIG) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is SpringBig Holdings (SBIG) earnings time?
SpringBig Holdings (SBIG) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SBIG EPS forecast?
SBIG EPS forecast for the fiscal quarter 2024 (Q4) is 0.
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