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8-K: Banzai Reports First Quarter 2024 Financial Results

8-K: Banzai Reports First Quarter 2024 Financial Results

8-K：Banzai公布2024年第一季度财务业绩
美股sec公告 ·  05/16 06:06
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On May 15, 2024, Banzai International, Inc., a Delaware-incorporated SaaS marketing technology company, released its financial results for the first quarter ending March 31, 2024. The report, filed with the SEC on Form 8-K, highlighted an Adjusted EBITDA loss increase of 141.1% to $1.5 million from the previous year's $626 thousand. Despite this, Banzai reported a 14.2% increase in Annual Recurring Revenue (ARR) to $4.9 million and a sequential net income increase of 30% from Q4 2023. The company also announced the addition of over 230 customers in April, a major update to its flagship marketing product, Reach 2.0, and a debt repayment agreement with YA II PN, Ltd. ('Yorkville'). Under the agreement, upon repayment of $2 million of the outstanding promissory notes, Yorkville will not exercise conversion rights for 90 days post-repayment. The agreement is contingent on the completion of a registered offering by June 2, 2024. Banzai's liquidity position as of March 31, 2024, showed cash reserves of approximately $1.0 million, and the company has set a target ARR of $8.1 to $10 million by December 2024, factoring in organic growth and potential acquisitions.
On May 15, 2024, Banzai International, Inc., a Delaware-incorporated SaaS marketing technology company, released its financial results for the first quarter ending March 31, 2024. The report, filed with the SEC on Form 8-K, highlighted an Adjusted EBITDA loss increase of 141.1% to $1.5 million from the previous year's $626 thousand. Despite this, Banzai reported a 14.2% increase in Annual Recurring Revenue (ARR) to $4.9 million and a sequential net income increase of 30% from Q4 2023. The company also announced the addition of over 230 customers in April, a major update to its flagship marketing product, Reach 2.0, and a debt repayment agreement with YA II PN, Ltd. ('Yorkville'). Under the agreement, upon repayment of $2 million of the outstanding promissory notes, Yorkville will not exercise conversion rights for 90 days post-repayment. The agreement is contingent on the completion of a registered offering by June 2, 2024. Banzai's liquidity position as of March 31, 2024, showed cash reserves of approximately $1.0 million, and the company has set a target ARR of $8.1 to $10 million by December 2024, factoring in organic growth and potential acquisitions.
2024年5月15日，特拉华州注册的SaaS营销技术公司Banzai International, Inc. 发布了截至2024年3月31日的第一季度财务业绩。该报告通过8-K表格向美国证券交易委员会提交，强调调整后的息税折旧摊销前利润亏损从去年的62.6万美元增长了141.1％，至150万美元。尽管如此，Banzai报告称，与2023年第四季度相比，年度经常性收入（ARR）增长了14.2％，达到490万美元，净收入连续增长了30％。该公司还在4月宣布增加230多名客户，对其旗舰营销产品Reach 2.0进行了重大更新，并与YA II PN, Ltd.（“约克维尔”）签订了债务偿还协议。根据该...展开全部
2024年5月15日，特拉华州注册的SaaS营销技术公司Banzai International, Inc. 发布了截至2024年3月31日的第一季度财务业绩。该报告通过8-K表格向美国证券交易委员会提交，强调调整后的息税折旧摊销前利润亏损从去年的62.6万美元增长了141.1％，至150万美元。尽管如此，Banzai报告称，与2023年第四季度相比，年度经常性收入（ARR）增长了14.2％，达到490万美元，净收入连续增长了30％。该公司还在4月宣布增加230多名客户，对其旗舰营销产品Reach 2.0进行了重大更新，并与YA II PN, Ltd.（“约克维尔”）签订了债务偿还协议。根据该协议，在偿还200万美元的未偿期票后，约克维尔将不会在还款后的90天内行使转换权。该协议以在2024年6月2日之前完成注册发行为前提。截至2024年3月31日，Banzai的流动性状况显示现金储备约为100万美元，考虑到有机增长和潜在收购，该公司已将2024年12月的ARR目标定为810万至1000万美元。

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