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Banzai International | 8-K: Current report

SEC announcement ·  Feb 20 08:18
Summary by Moomoo AI
On February 20, 2024, Banzai International, Inc., a Delaware-incorporated marketing technology company, released a press statement announcing its financial and operational achievements, including the estimated annual recurring revenue (ARR) for December 2023 and the target ARR for December 2024. The company reported an ARR of $4.6 million for December 2023 and set a target ARR range of $8.1 to $10 million for December 2024. This forecast represents a potential increase of up to 97% and is based on organic growth and the anticipated completion of acquisitions under non-binding letters of intent (LOIs) with IGLeads, Cliently, Boast, and Mixed Analytics. Banzai also disclosed the signing of a non-binding LOI to acquire Mixed Analytics, a profitable data analytics company founded in 2012, which offers an API Connector for Google Sheets...Show More
On February 20, 2024, Banzai International, Inc., a Delaware-incorporated marketing technology company, released a press statement announcing its financial and operational achievements, including the estimated annual recurring revenue (ARR) for December 2023 and the target ARR for December 2024. The company reported an ARR of $4.6 million for December 2023 and set a target ARR range of $8.1 to $10 million for December 2024. This forecast represents a potential increase of up to 97% and is based on organic growth and the anticipated completion of acquisitions under non-binding letters of intent (LOIs) with IGLeads, Cliently, Boast, and Mixed Analytics. Banzai also disclosed the signing of a non-binding LOI to acquire Mixed Analytics, a profitable data analytics company founded in 2012, which offers an API Connector for Google Sheets. The acquisition is part of Banzai's strategy to enhance its suite of integrated marketing technology (MarTech) solutions. The company's CEO, Joe Davy, expressed optimism for 2024, citing over 150 new customers signed in January and a robust pipeline for potential future acquisitions. The press release and investor presentation detailing these updates were attached as exhibits to the Current Report on Form 8-K filed with the SEC. Banzai's forward-looking statements are subject to various risks and uncertainties, and actual results may differ materially from those projected.

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