Banzai Gives Business Update Including End-of-Year 2023 ARR, Additional Executed LOI and End-of-Year 2024 ARR Target
Banzai International, Inc. - Class A (BNZI)
Company Research
Source: GlobeNewswire
ARR for December 2023 was $4.6 millionExecuted LOI to Acquire Mixed Analytics, a Data Analytics SolutionBanzai Targets December 2024 ARR to be $8.1 - $10 million SEATTLE, Feb. 20, 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 business update that includes December 2023 Annual Recurring Revenue (“ARR”), the execution of a non-binding letter of intent (the “LOI”) to acquire Mixed Analytics as well as the Company’s target December 2024 ARR. Banzai has estimated its December 2023 ARR at $4.6 million. Banzai selected ARR as a key performance metric next to GAAP measures, as it annualizes contracted recurring revenue components of term subscriptions and represents a key metric on which the Company evaluates potential targets under its acquisition strategy. “We are excited to report an uptick in ARR toward the end of last
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- Banzai International, Inc. (NASDAQ: BNZI) is now covered by analysts at Ascendiant Capital Markets. They set a "buy" rating and a $3.00 price target on the stock.MarketBeat
BNZI
Sec Filings
- 4/23/24 - Form SC
- 4/22/24 - Form S-1
- 4/8/24 - Form 424B3
- BNZI's page on the SEC website