Banzai Announces Strategic Business Initiatives to Improve Net Income by up to $13.5 Million Annually
Banzai International, Inc. - Class A (BNZI)
Company Research
Source: GlobeNewswire
Plan Substantially Extends Cash Runway while Maintaining Growth Plan with Continued Investment in Software Platform and Marketing SEATTLE, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Banzai International, Inc. (NASDAQ: BNZI) (“Banzai” or the “Company”), a leading marketing technology company that provides essential marketing and sales solutions, today announced a comprehensive initiative designed to significantly improve its Net Income while maintaining its growth outlook. The Company plans to accomplish this through a reduction of its annual operational expenses by up to $9.9 million by March 31, 2025, along with a reduction in other expenses by up to $3.6 million. Overall improvement in Net Income is expected to be approximately $13.5 million annually when fully implemented. The strategic initiative includes a broad range of measures including strategic workforce adjustments, operational consolidation, and various other cost-saving actions. These measures are aimed at increas
Show less
Read more
Impact Snapshot
Event Time:
BNZI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BNZI alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BNZI alerts
High impacting Banzai International, Inc. - Class A news events
Weekly update
A roundup of the hottest topics
BNZI
News
- Banzai’s Demio Wins Multiple Recognitions from Gartner Digital Markets in 2024GlobeNewswire
- Banzai Reports Third Quarter 2024 Financial Results; Annualized Adjusted Net Loss Improvement of $12.2 MillionGlobeNewswire
- Banzai Regains Compliance with Nasdaq Minimum Market Value of Publicly Held Shares RequirementGlobeNewswire
- Banzai Q3 2024 Preliminary Financial Results: Profitability in Sight Following $14.5M Annualized Adjusted Net Income Improvement; 31% Annualized ARR Growth RateGlobeNewswire
- Banzai Announces Listing Transfer to Nasdaq Capital Market Pursuant to Nasdaq Compliance PlanGlobeNewswire
BNZI
Analyst Actions
- 8/29/24 - Ascendiant Capital
BNZI
Sec Filings
- 11/19/24 - Form 8-K
- 11/18/24 - Form 424B3
- 11/18/24 - Form 424B3
- BNZI's page on the SEC website