SpringBig Holdings, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
March 12, 2024 at 04:52 pm EDT
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SpringBig Holdings, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 6.81 million compared to USD 6.77 million a year ago. Net loss was USD 3.19 million compared to USD 4.54 million a year ago. Basic loss per share from continuing operations was USD 0.07 compared to USD 0.17 a year ago.
For the full year, sales was USD 28.06 million compared to USD 26.63 million a year ago. Net loss was USD 10.22 million compared to USD 13.08 million a year ago. Basic loss per share from continuing operations was USD 0.28 compared to USD 0.59 a year ago.
SpringBig Holdings, Inc. is a provider of software platform to cannabis retailers and brands, providing data-driven loyalty, marketing and consumer buying experience solutions throughout the U.S. and Canada. The Company's platform connects consumers with retailers and brands, primarily through SMS marketing, as well as emails, customer feedback system, and loyalty programs, to support retailersâ and brandsâ customer engagement and retention. Its data solutions are purpose-built for the cannabis industry. It offers marketing automation solutions that provide for consistency in customer communication, thereby driving customer retention and retail foot traffic. In addition, the Company's reporting and analytics offerings deliver insights that clients utilize to understand their customer base, purchasing habits and trends. The Company serves approximately 1,300 brand and retailer clients across approximately 2,600 distinct retail locations in North America.
SPRINGBIG HOLDINGS, INC. 
