Banzai Q3 2024 Preliminary Financial Results: Profitability in Sight Following $14.5M Annualized Adjusted Net Income Improvement; 31% Annualized ARR Growth Rate
Banzai International, Inc. - Class A (BNZI)
Company Research
Source: GlobeNewswire
Management to Host Third Quarter 2024 Results Conference Call on Thursday, November 14, 2024 at 5:30 p.m. Eastern Time SEATTLE, Nov. 07, 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 preliminary select financial results for the third quarter ended September 30, 2024. Key Financial & Operational Highlights for the Third Quarter of 2024 Preliminary, unaudited Q3 2024 Adjusted Net Loss was approximately ($0.9) million, a $3.6 million sequential improvement from Q2 2024 Adjusted Net Loss of ($4.5) million. This represents an annualized improvement of $14.5 million.Net Revenue Retention (NRR) reached a historic high in Q3 2024.Preliminary, unaudited Q3 2024 Annual Recurring Revenue (ARR) of approximately $4.4 million, a 7% sequential increase from Q2 2024. This represents a 31% annualized ARR
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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 Announces Listing Transfer to Nasdaq Capital Market Pursuant to Nasdaq Compliance PlanGlobeNewswire
- Banzai Launches Curate: A Groundbreaking AI-Driven Newsletter SolutionGlobeNewswire
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