SpringBig Holdings, Inc. Provides Earnings Guidance for the Year Ended December 31, 2023 and Year Ending December 31, 2024
January 24, 2024 at 03:30 pm EST
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SpringBig Holdings, Inc. provided earnings guidance for the year ended December 31, 2023 and year ending December 31, 2024. For the year ended December 31, 2023, the company expected revenue to be in line with guidance previously provided at the announcement of third-quarter earnings, namely revenue in the range $28.0 - $28.5 million.
For the year ending December 31, 2024, the company expected revenue to be in the range $29.5- $32.5 million, representing approximately 10% at the midpoint.
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. 
