Cannabis-Focused Software Co. SpringBig Narrows Q2 Net Loss, Reports 8.3% YoY Drop In Revenue
SpringBig Holdings, Inc. (OTCQX:SBIG), a provider of SaaS-based marketing solutions, consumer mobile app experiences and omni-channel loyalty programs, announced its financial results Tuesdayfor the second quarter ended June 30, 2024.
Revenue for the period totaled $6.6 million, down from $7.2 million in the prior year quarter and up from the previous period.
Jeffrey Harris, the company’s CEO and chairman said “we are pleased to report 2% quarter-over-quarter revenue growth in challenging macroeconomic conditions.”
“We continue to make good progress,” Harriss said. “Our newer offerings, such as ‘subscriptions by Springbig’ and ‘gift …