SpringBig's Q3 2023: Adjusted EBITDA Improvement, 13% YoY Growth In Subscription Revenue
SpringBig's Q3 2023: Adjusted EBITDA Improvement, 13% YoY Growth In Subscription Revenue
SpringBig Holdings, Inc. (OTCQX:SBIG), a provider of SaaS-based marketing solutions, consumer mobile app experiences and omnichannel loyalty programs to the cannabis industry, announced its financial results for the third quarter ended September 30, 2023.
为大麻行业提供基于SaaS的营销解决方案、消费者移动应用程序体验和全渠道忠诚度计划的提供商SpringBig Holdings, Inc.（OTCQX: SBIG）公布了截至2023年9月30日的第三季度财务业绩。
"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.
首席执行官兼董事长杰弗里·哈里斯表示：“Springbig又实现了四分之一的增长，调整后的息税折旧摊销前利润进一步连续改善，订阅收入同比强劲增长。”
Third Quarter 2023 Financial Highlights
2023 年第三季度财务摘要
- Revenue was $6.9 million, down 5% year-on-year. Subscription revenue was up 13% year-on-year.
- Gross profit was $5.2 million, a margin of 77%.
- Adjusted EBITDA loss was $0.9 million compared to a loss of $3.4 million in the prior year, driven by a 31% year-on-year reduction in operating expenses.
- Net loss was $2.7 million compared to a loss of $3.1 million in the prior year.
- Basic net income loss per share was $0.07 based on 41.9 million weighted average shares outstanding. Total shares outstanding as of September 30, 2023, were 43.5 million.
- 收入为690万美元，同比下降5％。订阅收入同比增长13％。
- 毛利为520万美元，利润率为77％。
- 调整后的息税折旧摊销前利润亏损为90万美元，而去年同期亏损340万美元，这得益于运营费用同比减少31％。
- 净亏损为270万美元，而上一年的亏损为310万美元。
- 根据加权平均已发行股票4190万股，每股基本净收益亏损为0.07美元。截至2023年9月30日，已发行股票总额为4,350万股。
Nine Months Ended September 30, 2023 Financial Highlights
截至2023年9月30日的九个月财务摘要
- Revenue increased to $21.3 million, an increase of 7% from the prior year.
- Subscription revenue was $17.2 million, a year-on-year increase of 19%; recurring subscription revenue now represents 81% of total revenue compared with 72% in the prior year.
- Gross profit was $16.8 million, representing 15% year-on-year growth and a margin of 79%.
- Adjusted EBITDA loss was $3.4 million compared to a loss of $9.4 million the prior year, an improvement of 64% year-on-year.
- Net loss was $7.0 million compared to a loss of $8.5 million in the prior year.
- 收入增至2,130万美元，比上年增长7％。
- 订阅收入为1,720万美元，同比增长19％；经常性订阅收入现在占总收入的81％，而去年为72％。
- 毛利为1,680万美元，同比增长15％，利润率为79％。
- 调整后的息税折旧摊销前利润亏损为340万美元，而去年同期亏损940万美元，同比增长64％。
- 净亏损为700万美元，而上一年的亏损为850万美元。
Operational Highlights
运营亮点
- 89 new clients were added in Q3, contributing to annualized subscription revenue of $0.7 million.
- Year-to-date messaging volumes grew by 12% YoY to 1.7 billion.
- Launch of 'subscriptions by springbig,' offering clients capabilities for subscription-based VIP loyalty programs.
- 第三季度增加了89个新客户，贡献了70万美元的年化订阅收入。
- 年初至今的消息量同比增长12％，达到17亿。
- 推出 “springbig 订阅”，为客户提供基于订阅的 VIP 忠诚度计划的功能。
CFO Paul Sykes emphasized the company's focus on achieving positive Adjusted EBITDA in the final quarter and highlighted a 40% reduction in the current operating expense run-rate compared to the previous year. "We continue to focus on converting our customers to subscription revenue contracts and judiciously managing our working capital," he concluded.
首席财务官保罗·赛克斯强调，该公司专注于在最后一个季度实现调整后的息税折旧摊销前利润为正，并强调当前的运营支出与去年相比下降了40％。他总结说：“我们将继续专注于将客户转化为订阅收入合同，并谨慎地管理我们的营运资金。”
Price Action
价格走势
SBIG's shares were trading 8.47% down at $0.175 per share on Monday afternoon.
周一下午，SBIG的股价下跌8.47％，至每股0.175美元。
Image by micheile henderson On Unsplash
图片由米歇尔·亨德森在 Unsplash 上拍摄