Springbig, a leading provider of customer loyalty and communication solutions for cannabis dispensaries and brands, has recently launched an AI Assistant tool that is set to revolutionize the way cannabis retailers create content for their email campaigns. The tool, which is powered by OpenAI’s GPT-3.5 language model, allows dispensary owners to leverage the power of artificial intelligence to generate engaging and personalized content for their email campaigns.
While the AI text generator is currently only available for emails, springbig has plans to make it available for other types of campaigns in the near future, including SMS. In addition to this, the company has also partnered with Pluggi to integrate their AI budtender widget into its platform. This integration drives loyalty rewards enrollment and offers pertinent data that dispensaries can use to develop personalized marketing campaigns.
According to springbig, these AI-powered solutions are designed to align consumers, retailers, and brands to create the optimal consumer marketplace. The company’s cannabis CRM provides unique data points that are required to operate a cannabis dispensary, which non-cannabis CRM systems cannot provide. When used in conjunction with their dispensary loyalty rewards and text message marketing platform, it becomes incredibly easy to create targeted dispensary marketing campaigns based on real-time data insights into inventory.
Springbig’s Brand Marketplace Caddie AI tool is another innovative solution that gathers customer preferences such as spending, visit frequency, visit time, online orders, and even age. This information helps dispensary owners make informed, data-driven decisions about what products to sell in their stores. With all of these cutting-edge tools and solutions at their disposal, cannabis retailers can now take their marketing efforts to the next level.
As of June 27, 2023, springbig remains at the forefront of the cannabis industry, providing dispensaries and brands with the tools they need to succeed in this rapidly-evolving market.
SBIG Stock Performance on June 27, 2023: Mixed Results with Positive Earnings Growth This Year
On June 27, 2023, SBIG stock opened at 0.45, which was lower than its previous close of 0.48. The day’s range for the stock was between 0.44 and 0.50. The volume of shares traded was 248,545, which was higher than the average volume of 177,317 shares traded in the last three months. The market capitalization of SBIG was $19.0M.
SBIG had a negative earnings growth of 480.73% in the last year, but it had a positive earnings growth of 75.71% this year. SBIG had a price/sales ratio of 0.42.
SBIG operates in the technology services sector and the packaged software industry.
The next reporting date for SBIG was August 14, 2023, and the EPS forecast for this quarter was -$0.04. SBIG had an annual revenue of $26.6M and an annual loss of -$13.1M in the last year. The net profit margin for SBIG was -49.10%.
Overall, SBIG had a mixed performance on June 27, 2023, with a lower opening price than the previous close. However, the volume of shares traded was higher than the average volume in the last three months. SBIG had a positive earnings growth this year, but it had a negative earnings growth in the last year. The company’s next reporting date was in August 2023, where investors could get more information on SBIG’s financial performance.
Springbig Holdings Inc (SBIG) Stock Analysis: Target Price, Earnings, and Sales Performance
On June 27, 2023, springbig Holdings Inc (SBIG) stock had a median target price of 1.50, according to data from CNN Money. This represents a +230.83% increase from the last price of 0.45. The high estimate for the stock was 2.00, while the low estimate was 1.00. The current consensus among three polled investment analysts is to buy stock in SBIG. This rating has held steady since May, when it was unchanged from a buy rating. Looking at SBIG’s current quarter earnings per share, the company had a loss of -$0.04. However, the company reported sales of $7.5 million for the same quarter. Investors who are considering investing in SBIG should take note of the company’s recent performance. While the stock has a high target price, the company has reported a loss in its current quarter earnings. However, the company’s sales figures are promising, indicating that there may be potential for growth in the future. It is important for investors to conduct their own research and analysis before making any investment decisions. They should also keep in mind that stock prices can be volatile and subject to change based on a variety of factors, including economic conditions, industry trends, and company performance.
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