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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公佈2024年第一季度財務業績
美股SEC公告 ·  05/16 18:06

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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,特拉華州註冊的SaaS營銷技術公司Banzai International, Inc. 發佈了截至2024年3月31日的第一季度財務業績。該報告通過8-K表格向美國證券交易委員會提交,強調調整後的息稅折舊攤銷前利潤虧損從去年的62.6萬美元增長了141.1%,至150萬美元。儘管如此,Banzai報告稱,與2023年第四季度相比,年度經常性收入(ARR)增長了14.2%,達到490萬美元,淨收入連續增長了30%。該公司還在4月宣佈增加230多名客戶,對其旗艦營銷產品Reach 2.0進行了重大更新,並與YA II PN, Ltd.(“約克維爾”)簽訂了債務償還協議。根據該...展開全部
2024年5月15日,特拉華州註冊的SaaS營銷技術公司Banzai International, Inc. 發佈了截至2024年3月31日的第一季度財務業績。該報告通過8-K表格向美國證券交易委員會提交,強調調整後的息稅折舊攤銷前利潤虧損從去年的62.6萬美元增長了141.1%,至150萬美元。儘管如此,Banzai報告稱,與2023年第四季度相比,年度經常性收入(ARR)增長了14.2%,達到490萬美元,淨收入連續增長了30%。該公司還在4月宣佈增加230多名客戶,對其旗艦營銷產品Reach 2.0進行了重大更新,並與YA II PN, Ltd.(“約克維爾”)簽訂了債務償還協議。根據該協議,在償還200萬美元的未償期票後,約克維爾將不會在還款後的90天內行使轉換權。該協議以在2024年6月2日之前完成註冊發行爲前提。截至2024年3月31日,Banzai的流動性狀況顯示現金儲備約爲100萬美元,考慮到有機增長和潛在收購,該公司已將2024年12月的ARR目標定爲810萬至1000萬美元。
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