SpringBig Holdings, Inc. (NASDAQ: SBIG) revenue in 2022 was $26.6 million, an increase of 14% compared to $23.4 million in 2021. Revenues in 2022 and prior year are revised to reflect a change in the treatment of credits issued to customers, which are included in revenues whereas previously these were in cost of revenue. This revision reduces revenues while leaving gross profit and net loss unchanged.
Q4 2022 Financial Highlights:
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Revenue increased to $6.8 million, up 2% year-on-year
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Gross profit was $5.3 million, compared to gross profit of $5 million in Q4 2021.
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Gross margin of 78%, compared to gross margin of 75% in Q4 2021.
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Net loss was $4.5 million compared to a loss of $2.5 million in the prior year.
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Adjusted EBITDA loss was $3.2 million compared to a loss of $2.1 million in the prior year
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Basic net income loss per share was $0.17
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Cash and cash equivalents totaled $3.5 …