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This will change the way business gets done...
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
Very cool News...
springbig's new AI Assistant is a new tool that allows cannabis retailers to leverage artificial intelligence to write engaging content for their email campaigns.
$SBIG
$SBIG Huge premarket news! @SpringBIG Introduces AI Assistant Tool ; Leading provider of SaaS-based marketing tools Utilizes Artificial Intelligence to Offer Industry-Leading Solutions https://finance.yahoo.com/news/springbig-introduces-ai-assistant-tool-110000063.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr via @YahooFinance
$SBIG News Out! 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
springbig Introduces AI Assistant Tool | SBIG Stock News
https://www.stocktitan.net/news/SBIG/springbig-introduces-ai-assistant-6z0cdvp3pupk.html
Thank you for sharing that information... Sounds very encouraging for $SBIG.
Equity Research
June 22, 2023
USA | Cannabis
SpringBig | BUY
SBIG | $0.49 | PT: $1.50 ($1.60) | % to PT: +209%
?Updating Numbers: Early 2023 Signs Encouraging
Early signs for SBIG in 2023 are encouraging, with 1Q sales ticking up again, GM's improving, SG&A seeing a further meaningful decline, and the EBITDA loss more than halving. With B/S sheet concerns also addressed from a recent raise/debt restructuring, EBITDA +ve inflection in sight, and the potential for new incremental revenue streams, possible near-term upside is sizeable. PT in to $1.50 on updated US industry estimates. Stay Buy.
CHANGE TO JEFeJEF vs CONS2023202420232024REV*-1%-4%NANAEBITDA-56%-19%NANA2023 ($)Q1AQ2Q3Q4FYEBITDA(1.3)A? (1.0)? (0.4)? 0.1? (2.8)PREV(0.8)0.10.2(1.8)
*Rev. (MM)
At year-end FY22, credits previously booked in COGS were moved to sales
So far so good from a financial perspective in 2023 ... In our last SBIG update we explained how, based on 4Q22 performance and the cash/balance sheet situation at the time, it was fair for sentiment to be dampened. We were much more optimistic into 2023, but at the same time, it was critical they now execute. Based on 1Q23 delivery, so far so good. To this, on a sequential basis, sales grew 6% vs industry retail sales <2%, GM's improved 318bps, SG&A was reduced by 16% on an absolute basis, and has now come in below 100% of sales for the first time, and the adj. EBITDA loss more than halved vs 4Q22 to come in at -$1.3mn. Further, with a quarter end cash balance of $2.6mn, an operating cash inflow of $0.4mn in 1Q23 vs an outflow in 4Q22 of $2.1mn, inflection to +ve EBITDA looking like it will happen in 4Q, a recent $3mn raise adding to the cash balance, and then debt restructuring on the convertible such that $1mn was converted as part of the equity raise, $0.75mn was paid down, and the remaining $6.0mn now only due in equal payments spread over 15 months into March 2025, balance sheet concerns also look to have been addressed. With regard to FY23 outlook, the company continues to see sales of $31mn-$34mn (22% growth at mid-point) and adj. EBITDA of -$3.0mn-$-1.5mn.
... while trends across core metrics continue to be robust: With the company now seemingly on a much better footing financially, focus should turn to longer-term value creation potential. Here, we continue to believe prospects are compelling. First, if we look at trends on a number of core metrics, they are encouraging. In 1Q, net retention was at 100%, 108 new retail customers were added (4Q22 80, 3Q22 90, 2Q22 133, 1Q22 235) and 101 new locations (in >3,000 locations, 223 added 4Q, 135 3Q, 509 2Q), brands running campaigns was 70 (4Q22 80, 3Q22 61, 2Q22 50, 1Q22 46), avg monthly campaigns increased to 238 (4Q22 241, 3Q22 198, 2Q22 156, 1Q22 148), and avg revenue per campaign was $413 (4Q22 $424, 3Q22 $424, 2Q22 $469, 1Q22 $276; 4Q21 $320). On the brand metrics, you also need to factor in seasonality here. Second, there are then the opportunities for incremental revenue streams, such as SpringPay, a consumer subscription offering, and expansion into non-cannabis loyalty, and various data products.
Updating Numbers: FY23 sales unchanged at $31.2mn, with EBITDA loss now -$2.8mn vs -$1.8mn previously. DCF driven PT comes in to $1.50 on updated US industry estimates.
$SBIG Potential here for a huge run as SpringBig Holdings, Inc. (NASDAQ:SBIG) shareholders may wish to note that the Independent Director, Steven Bernstein, recently bought US $150k worth of stock, paying US$0.30 for each share. Shows huge confidence for investors.
From yesterday's News...
Additionally, springbig has deployed a VIP points functionality to its newly-launched Subscription Loyalty Service, which utilizes springbig’s catalog of advanced marketing tools to power a retailer’s subscriber experience and inspire higher engagement.
$SBIG
It would be interesting to see how this works...A tutorial video.
$SBIG
$SBIG "Springbig and Buddi have joined forces to revolutionize customer rewards and retention in the cannabis industry. Read the full article below to discover how this game-changing integration will elevate your dispensary's growth and success"
🚀 Springbig and Buddi have joined forces to revolutionize customer rewards and retention in the cannabis industry. Read the full article below to discover how this game-changing integration will elevate your dispensary's growth and success 💚📈 https://t.co/I42exMmu9I pic.twitter.com/bxY5wRc42B
— Springbig (@SpringBIG) June 21, 2023
Brands Marketplace Caddie: The Brands Marketplace Caddie is an exciting tool that leverages AI to give retailers insight into whether a brand within the Brands Marketplace is a good fit for their dispensary.
Great to see other partnerships coming to $SBIG...
$SBIG new tweet!
🚀 Springbig and Buddi have joined forces to revolutionize customer rewards and retention in the cannabis industry. Read the full article below to discover how this game-changing integration will elevate your dispensary's growth and success 💚📈 https://t.co/I42exMmu9I pic.twitter.com/bxY5wRc42B
— Springbig (@SpringBIG) June 21, 2023
$SBIG Tweet: "Springbig and Buddi have joined forces to revolutionize customer rewards and retention in the cannabis industry. Read the full article below to discover how this game-changing integration will elevate your dispensary's growth and success"
🚀 Springbig and Buddi have joined forces to revolutionize customer rewards and retention in the cannabis industry. Read the full article below to discover how this game-changing integration will elevate your dispensary's growth and success 💚📈 https://t.co/I42exMmu9I pic.twitter.com/bxY5wRc42B
— Springbig (@SpringBIG) June 21, 2023
$SBIG Thin to a new HOD. 52 week high of $3.25 https://www.barchart.com/stocks/quotes/SBIG/cheat-sheet
Other updates included in today’s launch include, in the organization of reports, the "reports" dropdown now includes the bulk of reporting options, such as check-in, member status, credit usage and campaign performance reports. The “advanced reports” dropdown now includes impact and inquiry reports. Customer profile pages have changed slightly to make them more intuitive and valuable for retailers.
“After the exciting launch of the Subscription Loyalty Service last week, we are continuing to evolve our solutions to even further improve user experience,” said Jeffrey Harris, CEO of springbig. “springbig’s updated user interface provides efficient, specific options for retailers to organize their reports, while new features give users more tools to customize their experience. Overall, these updated solutions power premium opportunities for retailers to engage with their customers while effectively keeping track of their reports.”
Two new features...
Email reporting: An extension of springbig’s robust campaign reports, retailers will now have access to a full suite of email reporting capabilities
Brands Marketplace Caddie: The Brands Marketplace Caddie is an exciting tool that leverages AI to give retailers insight into whether a brand within the Brands Marketplace is a good fit for their dispensary.
$SBIG
$SBIG #Buddi and #springbig have introduced a loyalty integration designed to build a deeper connection between retailers and customers as Buddi Announces Loyalty Integration with @SpringBIG https://www.marketwatch.com/press-release/buddi-announces-loyalty-integration-with-springbig-94bccd9?reflink=mw_share_twitter
“After the exciting launch of the Subscription Loyalty Service last week, we are continuing to evolve our solutions to even further improve user experience,” said Jeffrey Harris, CEO of springbig. “springbig’s updated user interface provides efficient, specific options for retailers to organize their reports, while new features give users more tools to customize their experience. Overall, these updated solutions power premium opportunities for retailers to engage with their customers while effectively keeping track of their reports.” $SBIG
NEWS: springbig New UI features and VIP points functionality optimize retailer experience
Launches Updates to Platform UI and Subscriptions Service
springbig
Wed, June 21, 2023 at 7:00 AM EDT
In this article: SBIG
BOCA RATON, Fla., June 21, 2023 (GLOBE NEWSWIRE) -- springbig (the “Company”) (NASDAQ: SBIG), a leading provider of SaaS-based marketing solutions, today announced the launch of its improved platform UI, springbig.io. The new platform UI maintains the same efficient functionality while optimizing navigation and organization and incorporating two new features: email reporting and the Brands Marketplace Caddie:
Email reporting: An extension of springbig’s robust campaign reports, retailers will now have access to a full suite of email reporting capabilities
Brands Marketplace Caddie: The Brands Marketplace Caddie is an exciting tool that leverages AI to give retailers insight into whether a brand within the Brands Marketplace is a good fit for their dispensary.
Additionally, springbig has deployed a VIP points functionality to its newly-launched Subscription Loyalty Service, which utilizes springbig’s catalog of advanced marketing tools to power a retailer’s subscriber experience and inspire higher engagement. The service’s new VIP points multiplier functionality allows merchants to give VIP subscribers an optional and exclusive points multiplier. Other updates enable retailers to add a free subscription prompt within their stashboard images, allowing customers to subscribe to their program directly.
“After the exciting launch of the Subscription Loyalty Service last week, we are continuing to evolve our solutions to even further improve user experience,” said Jeffrey Harris, CEO of springbig. “springbig’s updated user interface provides efficient, specific options for retailers to organize their reports, while new features give users more tools to customize their experience. Overall, these updated solutions power premium opportunities for retailers to engage with their customers while effectively keeping track of their reports.”
Other updates included in today’s launch include, in the organization of reports, the "reports" dropdown now includes the bulk of reporting options, such as check-in, member status, credit usage and campaign performance reports. The “advanced reports” dropdown now includes impact and inquiry reports. Customer profile pages have changed slightly to make them more intuitive and valuable for retailers.
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/.
Forward Looking Statements
Certain statements contained in this press release constitute “forward-looking statements” within the meaning of federal securities laws. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “outlook,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would,” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to the risks and uncertainties described under “Risk Factors” ’of the registration statement on Form S-4, the proxy statement/prospectus relating to the business combination, the Company’s Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on June 21, 2022, and in the Company’s Form 10-Q for the period ended September 30, 2022 filed with the SEC on November 14, 2022, and other documents filed by the Company from time to time with the SEC. These forward-looking statements involve a number of risks and uncertainties (some of which are beyond the control of springbig), and other assumptions, which may cause the actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation and does not intend to update or revise these forward-looking statements other than as required by applicable law. The Company does not give any assurance that it will achieve its expectations.
Investor Relations Contact
Ryan Flanagan
ICR Strategic Communications & Advisory
ir@springbig.com
Media Contact
MATTIO Communications
Phoebe Wilson
springbig@mattio.com
$SBIG News Out! 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
Let's close 0.50 or higher...
$SBIG
$SBIG on Seekingalpha.com as Springbig Introduces Subscription Loyalty Service https://seekingalpha.com/pr/19365278-springbig-introduces-subscription-loyalty-service?source=tweet
Nice progress on multiple fronts...
The Subscription Loyalty Service is the latest addition to springbig's suite of business solutions. Previously, springbig introduced the Brands Marketplace, Build Your Own Audience, Compare Campaigns and Member Offers features along with integrations with Cova, COMBASE, Alleaves and Flowhub.
$SBIG
$SBIG Potential here for a huge run as SpringBig Holdings, Inc. (NASDAQ:SBIG) shareholders may wish to note that the Independent Director, Steven Bernstein, recently bought US $150k worth of stock, paying US$0.30 for each share. Shows huge confidence for investors.
$SBIG springbig Introduces Subscription Loyalty Service https://finance.yahoo.com/news/springbig-introduces-subscription-loyalty-110000438.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr via @YahooFinance
$SBIG SpringBig (NASDAQ: SBIG) recently announced an expansion of its strategic partnerships with two industry leaders – Shopify and KORONA POS. https://insiderfinancial.com/sbig/
The Company’s paid subscription feature provides retailers with effective tools to build strong relationships with consumers
$SBIG
Let's see how this impacts the bottom line, and shareholder value.
$SBIG
June 13, 2023 (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.
$SBIG The Company’s paid subscription feature provides retailers with effective tools to build strong relationships with consumers as SpringBIG Introduces Subscription Loyalty Service
https://finance.yahoo.com/news/springbig-introduces-subscription-loyalty-110000438.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr via
@YahooFinance
Sounds like things will be easier and more convenient...
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.
$SBIG
Interesting News...
The company has 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.
$SBIG
.50+ breakout getting close!
$SBIG
$SBIG way up from .40, great call Bud! monthly chart looks explosive.
$SBIG last I looked .45, now .48 Up on news HOD .52!
$SBIG huge premarket news: springbig Introduces Subscription Loyalty Service https://finance.yahoo.com/news/springbig-introduces-subscription-loyalty-110000438.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr via @YahooFinance
$SBIG NEWS as Springbig Introduces Subscription Loyalty Service https://finance.yahoo.com/news/springbig-introduces-subscription-loyalty-110000438.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr via @YahooFinance
The Company’s paid subscription feature provides retailers with effective tools to build strong relationships with consumers $SBIG (springbig Introduces Subscription Loyalty Service) https://finance.yahoo.com/news/springbig-introduces-subscription-loyalty-110000438.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr via @YahooFinance
This is a big deal for both companies...
Cova is a flexible cannabis retail platform that allows dispensaries to broaden their reach and enhance their business. Their award-winning dispensary software streamlines, simplifies the complex and elevates the overall cannabis retail experience. Keeping pace with changing regulations and customer expectations, Cova is committed to shaping the next generation of cannabis retail.
$SBIG
$SBIG big news here: springbig Launches Loyalty Integration with Cova https://finance.yahoo.com/news/springbig-launches-loyalty-integration-cova-110000651.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr via @YahooFinance
Making things convenient for the customers...
"The ability to showcase the best rewards for each customer and redeem them quickly from Cova POS provides the cannabis buyer with a seamless experience. The usability of the combined systems is simply unparalleled in the cannabis space.”
$SBIG
Cova is a flexible cannabis retail platform that allows dispensaries to broaden their reach and enhance their business. Their award-winning dispensary software streamlines, simplifies the complex and elevates the overall cannabis retail experience. Keeping pace with changing regulations and customer expectations, Cova is committed to shaping the next generation of cannabis retail.
Sounds like a great relationship...
“The two-way integration between Cova and Springbig is a game-changer,” said Gary Cohen, CEO of Cova. “It is beneficial to our mutual dispensary clients, their customers, and our companies. The ability to showcase the best rewards for each customer and redeem them quickly from Cova POS provides the cannabis buyer with a seamless experience. The usability of the combined systems is simply unparalleled in the cannabis space.”
$SBIG
Cova and springbig have developed an innovative integration that allows consumers to engage with the rewards program at their convenience. Consumers have the option to redeem offers and rewards through their smartphones or with retail staff at checkout. The integration empowers dispensary employees to enroll customers into the loyalty program and redeem springbig rewards at checkout. Additionally, Cova and springbig's collaboration eliminates the possibility of fraud and eradicates the need for manual points reconciliation. Overall, the integration gamifies the loyalty program and brings it into consumers' smartphones while syncing their points and rewards with Cova's point of sale.
$SBIG
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