Earnings Call Summary | SpringBig(SBIG.US) Q4 2023 Earnings Conference
Earnings Call Summary | SpringBig(SBIG.US) Q4 2023 Earnings Conference
The following is a summary of the SpringBig Holdings, Inc. (SBIG) Q4 2023 Earnings Call Transcript:
以下是SpringBig Holdings, Inc.（SBIG）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
SpringBig reported a 5% year-on-year revenue growth for 2023, despite market challenges.
The company reduced its operating expenses by 17% for the year and 31% for Q4, and reached a positive adjusted EBITDA.
The Q4 losses shrunk to $200,000 compared to the previous year's $3.2 million.
Achieved a stronger balance sheet by securing $8 million in debt financing.
Q4 revenue was $6.8 million, showing a 1% year-on-year growth.
Adjusted EBITDA losses improved significantly, ending the year with a 71% reduction in loss.
SpringBig報告稱，儘管存在市場挑戰，但2023年收入同比增長了5％。
該公司今年的運營支出減少了17％，第四季度的運營支出減少了31％，調整後的息稅折舊攤銷前利潤爲正。
第四季度的虧損從去年的320萬美元縮減至20萬美元。
通過獲得800萬美元的債務融資，實現了更強勁的資產負債表。
第四季度收入爲680萬美元，同比增長1％。
調整後的息稅折舊攤銷前利潤虧損顯著改善，年底虧損減少了71％。
Business Progress:
業務進展：
'Subscriptions by SpringBig,' a new feature for retail clients, was launched, and a gift-card payment option was initiated.
They're expanding services to other regulated industries, including alcohol, vape, smoke, and CBD.
The technology platform operates in over 2,900 retail locations, reaching 35 million consumers.
For 2024, the priority will be managing expenses, expanding subscription revenue, and executing key initiatives.
Subscription revenue, which constitutes 79% of the total 2023 revenue, experienced a 14% year-on-year growth.
Lower guidance for Q1 2024 provided due to macroenvironmental challenges, however, growth is expected from the second half of 2024 onward.
Projections for 2024 include total revenue between $29 and $32 million and an adjusted EBITDA profit between $3.5 and $5.0 million.
面向零售客戶的新功能 “SpringBig訂閱” 已推出，並啓動了禮品卡支付選項。
他們正在將服務擴展到其他受監管的行業，包括酒精、電子煙、煙霧和CBD。
該技術平台在2,900多個零售點運營，覆蓋3500萬消費者。
2024年，當務之急將是管理支出、擴大訂閱收入和執行關鍵舉措。
訂閱收入佔2023年總收入的79％，同比增長14％。
由於宏觀環境挑戰，對2024年第一季度的預期有所降低，但是，預計從2024年下半年開始將實現增長。
2024年的預測包括總收入在2900萬至3200萬美元之間，調整後的息稅折舊攤銷前利潤在350萬美元至500萬美元之間。
More details: SpringBig IR
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