SBIG

Springbig Launches New Integration with Lightspeed to Expand Reach Across Cannabis and Beyond

Retrieved on: 
Tuesday, March 19, 2024
Health, POS, Software as a service, Growth, Speed of light, Beauty, Integration, Cannabis, TSX, OTCQX, BOCA, Marketing, SBIG, Retail

The Integration with Lightspeed marks a significant milestone in Springbig’s journey, expanding its services beyond the cannabis industry and enabling retailers to enhance customer engagement and loyalty across various sectors.

Key Points: 
  • The Integration with Lightspeed marks a significant milestone in Springbig’s journey, expanding its services beyond the cannabis industry and enabling retailers to enhance customer engagement and loyalty across various sectors.
  • “Our integration with Lightspeed is yet another testament to Springbig's ongoing commitment to work seamlessly with other SaaS solutions that are empowering retailers and brands to move the needle,” said Jeffrey Harris, CEO of Springbig.
  • Springbig’s integration with Lightspeed includes a 2-way integration for loyalty and advanced text functions to better connect Lightspeed merchants with their customers in an automated fashion.
  • Springbig is paving the way for flexible marketing integrations across the cannabis industry and is now bringing its expertise into other competitive, regulated industries.

Springbig Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Tuesday, March 12, 2024
PIN, Software as a service, Prevalence, VIP, Table, Adjustment, BOCA, GAAP, Marketing, Total, SBIG, Bookkeeping

BOCA RATON, Fla., March 12, 2024 (GLOBE NEWSWIRE) -- SpringBig Holdings, Inc. (“Springbig” or the “Company”) (OTCQX: SBIG), a leading provider of SaaS-based marketing solutions, consumer mobile app experiences, and omnichannel loyalty programs, today announced its financial results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • BOCA RATON, Fla., March 12, 2024 (GLOBE NEWSWIRE) -- SpringBig Holdings, Inc. (“Springbig” or the “Company”) (OTCQX: SBIG), a leading provider of SaaS-based marketing solutions, consumer mobile app experiences, and omnichannel loyalty programs, today announced its financial results for the fourth quarter and full year ended December 31, 2023.
  • Full Year 2023 Financial Highlights:
    Revenue was $28.1 million, an increase of 5% from the prior year.
  • For the first quarter of 2024, Springbig currently expects:
    Revenue in the range of $6.4 - $6.7 million.
  • Adjusted EBITDA is a non-GAAP financial measure provided in this “Financial Outlook” section on a forward-looking basis.

Springbig to Report Fourth Quarter and Full Year 2023 Financial Results on March 12, 2024

Retrieved on: 
Wednesday, March 6, 2024
BOCA, Marketing, SBIG, Software as a service, PIN

BOCA RATON, Fla., March 06, 2024 (GLOBE NEWSWIRE) -- Springbig (the “Company”)(OTCQX: SBIG), a leading provider of SaaS-based marketing solutions, consumer mobile app experiences, and omnichannel loyalty programs, today announced that it will report its results for the fourth quarter and full year 2023 after market close on Tuesday, March 12, 2024.

Key Points: 
  • BOCA RATON, Fla., March 06, 2024 (GLOBE NEWSWIRE) -- Springbig (the “Company”)(OTCQX: SBIG), a leading provider of SaaS-based marketing solutions, consumer mobile app experiences, and omnichannel loyalty programs, today announced that it will report its results for the fourth quarter and full year 2023 after market close on Tuesday, March 12, 2024.
  • The Company will host a conference call to discuss the financial results the same day at 5:00 p.m.
  • Participants can register here to access the live webcast of the conference call.
  • Alternatively, those who want to join the conference call via phone can register at this link to receive a dial-in number and unique PIN.

Springbig announces changes in its board of directors following the completion of its $8.0 million debt financing with a syndicate of lenders

Retrieved on: 
Monday, January 29, 2024
SBIG, Software as a service, New Enterprise Associates, Telecom, Goldman Sachs, TSX Venture Exchange, Marketing, Shawn, BOCA, Audit committee

The Company announced that Matt Sacks, Co-Managing Partner of Lightbank, and Shawn Dym, a co-lead investor in the debt financing through Shalcor Management Inc., have both joined the board of directors.

Key Points: 
  • The Company announced that Matt Sacks, Co-Managing Partner of Lightbank, and Shawn Dym, a co-lead investor in the debt financing through Shalcor Management Inc., have both joined the board of directors.
  • He started his career as a member of the Technology, Media and Telecom investment banking team at Goldman Sachs.
  • Shawn Dym is Chairman of Decibel Cannabis Company, a leading Canadian cannabis company which is listed on the TSX Venture Exchange.
  • The Company also announced that Phil Schwarz and Jon Trauben have resigned from the board of directors with effect from January 23, 2024.

springbig announces issuance of $6.4 million of Convertible Notes due 2026 and $1.6 million Term Loan due 2026 and repurchase of existing Convertible Notes

Retrieved on: 
Wednesday, January 24, 2024
SBIG, Senior, CFO, Adjustment, Software as a service, VIP, Regulation D, Tax, GAAP, Convertible, Depreciation, Term loan, Marketing, Climate, BOCA, Growth, Bookkeeping

Proceeds from the Convertible Note and Term Loan will be used to repurchase entirely the outstanding existing Senior Secured Convertible Note due 2025 (the “Existing Note”) for a discounted amount of approximately $2.9 million and for general corporate purposes.

Key Points: 
  • Proceeds from the Convertible Note and Term Loan will be used to repurchase entirely the outstanding existing Senior Secured Convertible Note due 2025 (the “Existing Note”) for a discounted amount of approximately $2.9 million and for general corporate purposes.
  • The net proceeds after repurchasing the Existing Note and transaction costs is estimated to be $4.6 million.
  • With the closing of the Convertible Note and Term Loan financing we now have a stronger balance sheet and the capital to support our future growth.
  • The Term Loan will rank pari passu with the Convertible Note and will also mature in January 2026.

Springbig Launches “Gift Cards by Springbig”, Transforming Payment Solutions for the Cannabis Retail Experience

Retrieved on: 
Monday, November 20, 2023
OTCQX, Starbucks, Marketing, Smartphone, Friends, Family, SBIG, Payment card, Hand, Software as a service, Online shopping, Gift

BOCA RATON, Fla., Nov. 20, 2023 (GLOBE NEWSWIRE) -- SpringBig Holdings, Inc. (OTCQX: SBIG), a leading provider of vertical SaaS-based marketing solutions, today announced the launch of Gift Cards by Springbig. The new feature builds on recent product launches across the platform to revolutionize the way customers engage with retailers through secure, user-friendly, and efficient payment solutions. Springbig is paving the way for a future where dispensary transactions are easier and more convenient than ever.

Key Points: 
  • BOCA RATON, Fla., Nov. 20, 2023 (GLOBE NEWSWIRE) -- SpringBig Holdings , Inc. (OTCQX: SBIG), a leading provider of vertical SaaS-based marketing solutions, today announced the launch of Gift Cards by Springbig.
  • The new feature builds on recent product launches across the platform to revolutionize the way customers engage with retailers through secure, user-friendly, and efficient payment solutions.
  • With Gift Cards by Springbig, customers have the power to adjust their reloadable card to their preferences, creating a more personalized and efficient dispensary experience.
  • Launching in time for the holiday season, Gift Cards by Springbig allows customers to send pre-loaded gift cards to their friends and family.

springbig Reports Third Quarter 2023 Financial Results

Retrieved on: 
Monday, November 13, 2023
Webcast, EBITDA, Prevalence, CFO, Acceleration, PIN, SBIG, BOCA, Marketing, GAAP, Software as a service, Total, Table, VIP, Pharmaceutical industry, Music, Mobile phone, Q3, Adjustment

BOCA RATON, Fla., Nov. 13, 2023 (GLOBE NEWSWIRE) -- SpringBig Holdings, Inc. (“springbig,” “we,” “our” or the “Company”) (OTCQX: SBIG), a leading provider of vertical SaaS-based marketing solutions, consumer mobile app experiences, and omnichannel loyalty programs, today announced its financial results for the third quarter ended September 30, 2023.

Key Points: 
  • BOCA RATON, Fla., Nov. 13, 2023 (GLOBE NEWSWIRE) -- SpringBig Holdings, Inc. (“springbig,” “we,” “our” or the “Company”) (OTCQX: SBIG), a leading provider of vertical SaaS-based marketing solutions, consumer mobile app experiences, and omnichannel loyalty programs, today announced its financial results for the third quarter ended September 30, 2023.
  • “Springbig delivered another quarter of progress with a further sequential improvement in Adjusted EBITDA and strong year-on-year growth in subscription revenue,” said Jeffrey Harris, CEO and Chairman of springbig.
  • We continue to focus on converting our customers to subscription revenue contracts and judiciously managing our working capital.”
    Third Quarter 2023 Financial Highlights:
    Subscription revenue was up 13% year-on-year.
  • Nine Months Ended September 30, 2023 Financial Highlights:
    Revenue increased to $21.3 million, an increase of 7% from the prior year.

springbig to Report Third Quarter 2023 Financial Results on November 13, 2023

Retrieved on: 
Thursday, November 2, 2023
SBIG, Marketing, PIN, BOCA, Software as a service, Mobile phone, Nursing

BOCA RATON, Fla., Nov. 02, 2023 (GLOBE NEWSWIRE) -- springbig (the “Company”)(OTCQX: SBIG), a leading provider of SaaS-based marketing solutions, consumer mobile app experiences, and omnichannel loyalty programs, today announced that it will report its results for the third quarter ended September 30th, 2023, after market close on Monday, November 13, 2023.

Key Points: 
  • BOCA RATON, Fla., Nov. 02, 2023 (GLOBE NEWSWIRE) -- springbig (the “Company”)(OTCQX: SBIG), a leading provider of SaaS-based marketing solutions, consumer mobile app experiences, and omnichannel loyalty programs, today announced that it will report its results for the third quarter ended September 30th, 2023, after market close on Monday, November 13, 2023.
  • The Company will host a conference call to discuss the financial results the same day at 5:00 p.m.
  • Participants can register here to access the live webcast of the conference call.
  • Alternatively, those who want to join the conference call via phone can register at this link to receive a dial-in number and unique PIN.

OTC Markets Group Welcomes SpringBig Holdings, Inc. to OTCQX

Retrieved on: 
Wednesday, September 6, 2023
OTCQX, CFO, SBIG, Security (finance)

NEW YORK, Sept. 06, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for 12,000 U.S. and international securities, today announced SpringBig Holdings, Inc. (OTCQX: SBIG), a market-leading vertical software platform, has qualified to trade on the OTCQX® Best Market.

Key Points: 
  • NEW YORK, Sept. 06, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for 12,000 U.S. and international securities, today announced SpringBig Holdings, Inc. (OTCQX: SBIG), a market-leading vertical software platform, has qualified to trade on the OTCQX® Best Market.
  • SpringBig Holdings, Inc. begins trading today on OTCQX under the symbols “SBIG.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com .
  • Trading on the OTCQX Market offers companies efficient, cost-effective access to the U.S. capital markets.
  • To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.

springbig announces transition to the OTCQX® Best Market and changes in its board of directors

Retrieved on: 
Friday, September 1, 2023
Software as a service, Marketing, BOCA, Amanda, Audit committee, EBITDA, Risk, An Act to exempt a particular class of securities from the Securities and Exchange Act, OTCQX, CFO, SBIG, Security (finance), OTC Markets Group, Software, Cryptocurrency

The Company expects that the Nasdaq will file a Form 25 relating to delisting on or about September 5, 2023.

Key Points: 
  • The Company expects that the Nasdaq will file a Form 25 relating to delisting on or about September 5, 2023.
  • Paul Sykes, CFO of the Company, said “We are pleased that having our stock quoted on the OTCQX® Best Market provides our investors with continuing access to a highly regarded, SEC-regulated public market.
  • The board of directors will now comprise Sergey Sherman, Phil Schwarz and Jon Trauben along with Jeffrey Harris.
  • The Company does not give any assurance that it will achieve its expectations.