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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 ...