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$SBIG SpringBig Holdings, Inc. (NASDAQ:SBIG): Are Analysts Optimistic? https://finance.yahoo.com/news/springbig-holdings-inc-nasdaq-sbig-134526423.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr via @YahooFinance
$SBIG @SpringBIG Huge news this week! 7 Hypergrowth Stocks for Getting Rich in 2023 https://finance.yahoo.com/news/7-hypergrowth-stocks-getting-rich-192813588.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr via @YahooFinance
$SBIG springbig to Report Second Quarter 2023 Financial Results on August 10, 2023 https://finance.yahoo.com/news/springbig-report-second-quarter-2023-110000265.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr via @YahooFinance
NEWS: Subscriptions Loyalty Service Elevates Success For Cannabis Retailers
springbig
Wed, July 26, 2023 at 7:01 AM EDT
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springbig
The introduction of springbig’s newest loyalty feature has strengthened relationships between customers and retailers
BOCA RATON, Fla., July 26, 2023 (GLOBE NEWSWIRE) -- springbig (the “Company”) (NASDAQ: SBIG), a leading provider of SaaS-based marketing solutions, today shared data highlighting the performance of its Subscription Loyalty Service. Released in June, the Subscription Loyalty Service offers retailers the ability to create and manage their paid-subscription programs.
Oasis Cannabis, a 5,000 square foot community-focused retailer in Las Vegas, is one of several dispensaries to experience heightened success after implementing the Subscription Loyalty Service. Since July 1st, the Las Vegas-based retailer has welcomed 117 new subscribers and recorded a 42.1% increase for visits per subscriber. Additional data shows subscribers visited Oasis Cannabis an additional time each month and their total spend increased 30% on average on the first visit, and 27% across all visits. Overall, Oasis Cannabis has recorded 339 subscriber visits and earned more than $22,000 in subscriber revenue since utilizing the Subscription Loyalty Service.
“The Subscription Loyalty Service is an invaluable tool that has improved the retail experience for our customers in the greater Las Vegas area,” said Andrew Glashow, CEO of Oasis. “From offering exclusive rewards to our loyalty consumers to customizing our subscription rates, this tool has revolutionized the way in which we are able to engage our customers. Given how this feature has impacted our business in just one month, I am truly excited to see how it improves our business moving forward.”
“If consumers are willing to spend their hard-earned money on high-quality cannabis products, it is our mission to equip retailers with the tools to provide a high-quality experience for consumers,” said Jeffrey Harris, CEO of springbig. “The Subscription Loyalty Service pairs technology with cannabis to offer faithful consumers the rewards and experiences they deserve. It brings me great pleasure to see Oasis and its consumers thrive in their cannabis journeys as they utilize this tool and I hope to see many more retailers implement it as well.”
The Subscription Loyalty Service is an effective tool that can increase customer acquisition and maximize revenue and customer loyalty among program members. The multifaceted tool gives retailers the ability to customize subscription rates, implement free trial periods, design subscription tiers and introduce offers for new and returning customers. It also allows retailers to engage with subscribers by offering discounts on reward points and early-bird access to special promotions.
The Subscription Loyalty Service is the latest addition to springbig's suite of business solutions. Following the introduction of the loyalty service, the Company introduced its AI Assistant tool and launched its improved platform UI, springbig.io. For more information regarding springbig’s newest features and integration efforts, please visit https://springbig.com/.
About springbig
springbig is a market-leading software platform providing customer loyalty and marketing automation solutions to retailers and brands in the U.S. and Canada. springbig’s platform connects consumers with retailers and brands, primarily through SMS marketing, as well as emails, customer feedback system, and loyalty programs, to support retailers’ and brands’ customer engagement and retention. springbig offers marketing automation solutions that provide for consistency of customer communication, thereby driving customer retention and retail foot traffic. Additionally, springbig’s reporting and analytics offerings deliver valuable insights that clients utilize to better understand their customer base, purchasing habits and trends. For more information, visit https://springbig.com/.
$SBIG .40+ breakout getting close here!
$SBIG NEW HOD on ASK @ .41
$SBIG Huge Pre-market news: Detailed report reflects North American trends across leading states and provinces
In this article:
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springbig Releases 2023 Q2 Cannabis Market Data Report
BOCA RATON, Fla., July 19, 2023 (GLOBE NEWSWIRE) -- springbig (the “Company”) (NASDAQ: SBIG), a leading provider of SaaS-based marketing solutions, today released its Q2 data report highlighting key cannabis market statistics across the United States and Canada.
Quarterly sales data in North America revealed general retail and consumer behavior trends throughout the continent. The average consumer basket size and total spend decreased this quarter by 9.5% and 9.8%, respectively, while in-store visits and sales increased YoY and between Q1 and Q2. Regarding specific products, flower continues to lead with 54% of sales, followed by vapes at 22%, edibles at 12% and concentrates at 8%. Data also notes that concentrates experienced the most significant decline YoY and between quarters at 9.3%.
Leading U.S. markets and Canadian provinces reflect regional consumer patterns. In California, YoY retail trends align with North American data patterns; in Colorado, store visits and sales decreased YoY and between quarters. Maryland, a newly-legal recreational market, saw a 13.1% increase in customers and a 10.2% increase in visits since Q2 of 2022. In Canada, Ontario experienced significant YoY growth in customers (58.5%), visits (56.7%) and sales (45.4%), along with higher-than-average flower sales at 67%.
“It is essential that cannabis retailers and brands have access to accurate, up-to-date consumer data to make the most strategic decisions for their businesses,” said Jeffrey Harris, CEO of springbig. “Our Q2 data report highlights how the economic state of the cannabis industry has affected consumer purchasing trends. As a marketer, it is especially interesting to see that while basket size and overall spend has overall declined, retailers are seeing an increase in store visits. springbig will continue to equip the cannabis industry with the tools they need to succeed, from marketing solutions to consumer data reports.”
To access springbig's complete 2023 Q2 data report, please visit https://info.springbig.com/2023_Q2_Quarterly_Market_Breakdown.
About springbig
springbig is a market-leading software platform providing customer loyalty and marketing automation solutions to retailers and brands in the U.S. and Canada. springbig’s platform connects consumers with retailers and brands, primarily through SMS marketing, as well as emails, customer feedback system, and loyalty programs, to support retailers’ and brands’ customer engagement and retention. springbig offers marketing automation solutions that provide for consistency of customer communication, thereby driving customer retention and retail foot traffic. Additionally, springbig’s reporting and analytics offerings deliver valuable insights that clients utilize to better understand their customer base, purchasing habits and trends. For more information, visit https://springbig.com/.
$SBIG springbig Releases 2023 Q2 Cannabis Market Data Report https://finance.yahoo.com/news/springbig-releases-2023-q2-cannabis-110000366.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr via @YahooFinance
$SBIG Revenues for the three months ended June 30, 2023, are expected to be $7.2 million, representing 12% year-on-year growth, and Adjusted EBITDA loss is expected to be $1.1 million compared with $3.4 million in the same three-month period last year. https://finance.yahoo.com/news/springbig-announces-preliminary-q2-results-110000228.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr
$SBIG .40 back up in power hour!
$SBIG @SpringBIG Revenues for the three months ended June 30, 2023, are expected to be $7.2M, representing 12% year-on-year growth, and Adjusted EBITDA loss is expected to be $1.1 million compared with $3.4M in the same three-month period last year. https://finance.yahoo.com/news/springbig-announces-preliminary-q2-results-110000228.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr
(GLOBE NEWSWIRE) -- springbig (the “Company”) (NASDAQ: SBIG), a leading provider of SaaS-based marketing solutions, today announced the launch of its Subscription Loyalty Service. The service utilizes springbig’s catalog of technologically advanced marketing tools to power a retailer’s subscriber experience and inspire higher engagement.
The Subscription Loyalty Service offers retailers complete control to create and manage their paid-subscription programs. Through the Subscription Setup Portal, retailers can dictate subscription rates, implement free trial periods, design subscription tiers and introduce offers for new and returning customers. In addition, retailers can engage with subscribers by offering discounts on reward points and early-bird access to special promotions. The Subscription Loyalty Service enables retailers to segment their consumer base and offer tailored subscription services that personalize the customer experience. At any point, companies can assess the performance of their subscription services by examining analytical dashboards that highlight the most impactful data points.
Should see a nice breakout soon, pushing for the 50ma!
$SBIG Huge news as springbig Introduced its #AI Assistant Tool https://finance.yahoo.com/news/springbig-introduces-ai-assistant-tool-110000063.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr via @YahooFinance
$SBIG @SpringBIG SBIG - $0.40 - NASDAQ | Buy - Outlook: In a challenging U.S. cannabis industry environment, we believe SBIG remains well-positioned to add retailers and brands to its subscription generation. We adjust our numbers and reiterate our Buy rating @ $1.00 PT. #Roth
$SBIG @SpringBIG SBIG - $0.40 - NASDAQ | Buy - Outlook: In a challenging U.S. cannabis industry environment, we believe SBIG remains well-positioned to add retailers and brands to its subscription generation. We adjust our numbers and reiterate our Buy rating @ $1.00 PT. #Roth pic.twitter.com/kMxH8NvlyT
— CrusaderX (@CrusaderStocks) July 14, 2023
“We are pleased with the improvement in our financial performance which is being achieved in challenging end-market macro conditions,” said Paul Sykes, springbig’s CFO. “We have right sized our operating expenses, and this combined with continuing revenue growth results in the Company expecting to reach the critical milestone of Adjusted EBITDA profitability in Q3 of this year.”
Thin to .50's!
$SBIG green heading into power hour!
$SBIG @SpringBIG | SBIG - $0.40 - NASDAQ | Buy -
Outlook: In a challenging U.S. cannabis industry environment, we believe SBIG remains well-positioned to add retailers and brands to its subscription generation. We adjust our numbers and reiterate our Buy rating @ $1.00 PT.
#Roth
$SBIG @SpringBIG | SBIG - $0.40 - NASDAQ | Buy -
— CrusaderX (@CrusaderStocks) July 12, 2023
Outlook: In a challenging U.S. cannabis industry environment, we believe SBIG remains well-positioned to add retailers and brands to its subscription generation. We adjust our numbers and reiterate our Buy rating @ $1.00 PT.
#Roth pic.twitter.com/jvDmPvMHAt
For the year ending December 31, 2023, springbig currently expects revenue in the range of $31.0 million to $32.5 million, representing 19% growth at the mid-point, and an Adjusted EBITDA loss in the range of $(1.5) million to $(2.0) million.
“We are pleased with the improvement in our financial performance which is being achieved in challenging end-market macro conditions,” said Paul Sykes, springbig’s CFO. “We have right sized our operating expenses, and this combined with continuing revenue growth results in the Company expecting to reach the critical milestone of Adjusted EBITDA profitability in Q3 of this year.”
$SBIG @SpringBIG narrows higher end of FY23 revenue guidance range
Jul. 11, 2023 9:48 AM ET https://seekingalpha.com/news/3986773-springbig-narrows-higher-end-of-fy23-revenue-guidance-range
$SBIG pre-market news as springbig Announces Preliminary Q2 Results and Updated Business Outlook https://finance.yahoo.com/news/springbig-announces-preliminary-q2-results-110000228.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr via @YahooFinance
$SBIG News Out! springbig Announces Preliminary Q2 Results and Updated Business Outlook https://finance.yahoo.com/news/springbig-announces-preliminary-q2-results-110000228.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr via @YahooFinance
$SBIG springbig Introduces AI Assistant Tool https://finance.yahoo.com/news/springbig-introduces-ai-assistant-tool-110000063.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr via @YahooFinance
Their new AI Assistant is a new tool that allows cannabis retailers to leverage artificial intelligence to write engaging content for their email campaigns. The AI text generator powered by OpenAI's language model, GPT-3.5, is a game-changer for businesses looking to improve email copy, increase customer engagement, and improve efficiency. Currently, this ability is only available for emails, but will soon be made available for other types of campaigns in the future, including SMS.
$SBIG Making Sense Of AI In Cannabis: This Company Is Taking Weed Consumption To A New Level https://www.benzinga.com/markets/cannabis/23/06/33025014/making-sense-of-ai-in-cannabis-this-company-is-taking-weed-consumption-to-a-new-level via @Benzinga
$SBIG springbig Launches Updates to Platform UI and Subscriptions Service https://finance.yahoo.com/news/springbig-launches-updates-platform-ui-110000089.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr via
@YahooFinance
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