SpringBig Holdings, Inc.
0.0230-0.00 (-4.17%)
Oct 29, 4:00:00 PM EDT · OTC Markets OTCQB · SBIG · USD
Key Stats
Market Cap
1.11MP/E (TTM)
-Basic EPS (TTM)
-0.07Dividend Yield
0%Recent Filings
8-K
Board appoints audit expert
SpringBig Holdings bolstered its board on September 24, 2025, appointing Larry Ellis as an independent director and audit committee financial expert after Sergey Sherman's resignation on September 4. Ellis, a seasoned lawyer with over 20 years advising tech firms in regulated sectors, fills the gap left by Marc Shiffman's exit on September 29. The audit committee now has one member. SpringBig plans to add another independent director soon.
8-K
Board member resigns abruptly
SpringBig Holdings' board member Sergey Sherman resigned on September 4, 2025, from his directorship and Audit Committee seat, with no disagreements cited on operations or policies. This leaves the Audit Committee with just one member, while the company plans a swift appointment of a new independent director. The move underscores ongoing board adjustments amid regulatory scrutiny.
10-Q
Q2 FY2025 results
SpringBig Holdings posted Q2 revenue of $5.8M, down 9% y/y but up from $5.5M in Q1 (derived), with gross profit holding at $4.3M and margins steady at 74% amid lower messaging costs. Operating loss widened to $0.7M from $0.1M y/y, driven by higher G&A from $0.6M lease termination and $0.3M severance, while net loss hit $1.1M versus $0.6M last year, the gap mainly from interest and asset disposal charges. Cash edged to $1.4M with $0.2M operating inflow for H1, supporting $8.7M debt due 2027 at 13-17% rates and full revolver availability; free cash flow not disclosed in the 10-Q. Post-quarter, it closed the VICE CRM acquisition in July 2025 for undisclosed terms, adding AI marketing tools. Yet regulatory probes into past PPP eligibility linger as a key risk.
8-K
Q2 revenue dips, EBITDA positive
SpringBig Holdings reported Q2 2025 results on August 14, showing revenue of $5.8 million, down from $6.4 million last year amid regulated market headwinds, yet achieving positive Adjusted EBITDA of $0.3 million through 12% operating expense cuts excluding one-offs. Cash flow from operations hit $0.2 million for the half-year, up $2.1 million year-over-year, boosted by a $3.2 million lease obligation reduction. New leadership drives efficiency. Forward outlook eyes sustained EBITDA growth.
8-K
SpringBig acquires VICE CRM
SpringBig Holdings closed its acquisition of VICE CRM, an AI-powered marketing platform for regulated industries like cannabis, on July 31, 2025, issuing 1,191,563 common shares upfront to sellers including CEO Jaret Christopher. An additional 1,191,563 shares are held back, releasable to Christopher after 12 months of service or applied to indemnification claims. This bolsters SpringBig's tech for dispensary owners. Integration risks hinge on seamless post-close execution.
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