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Banzai International(BNZI) - 2024 Q3 - Quarterly Results
2024-11-19 21:30
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Delaware 001-39826 85-3118980 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) Title of each class Trading Symbol(s) Name of each exchange on which registered Class A common stock, par value $0.0001 per share BNZI The Nasdaq Capital Market Redeemable Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 BNZIW The Nasdaq Ca ...
Banzai Reports Third Quarter 2024 Financial Results; Annualized Adjusted Net Loss Improvement of $12.2 Million
GlobeNewswire News Room· 2024-11-14 22:40
Q3 2024 Annual Recurring Revenue Increased by 31% Annualized to $4.4 Million, a 7% Sequential Increase from Q2 2024 Q3 2024 Annualized Adjusted Net Loss Improved by $12.2 Million, a $3.0 Million Sequential Increase to ($1.45) Million, Bringing the Company Closer to Profitability Management to Host Third Quarter 2024 Results Conference Call Today, November 14, 2024 at 5:30 p.m. Eastern Time SEATTLE, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Banzai International, Inc. (NASDAQ: BNZI) (“Banzai” or the “Company”), a lea ...
Banzai International(BNZI) - 2024 Q3 - Quarterly Report
2024-11-14 22:29
These accompanying unaudited condensed consolidated financial statements have been prepared assuming that the Company will continue as a going concern and do not include any adjustments that might result from the outcome of this uncertainty. The Company's unaudited condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP") as determined by the Financial Accounting Standards Board ("FASB") Accounting Stan ...
Banzai Launches Curate: A Groundbreaking AI-Driven Newsletter Solution
GlobeNewswire News Room· 2024-10-31 12:31
OpenAI-Powered Curate Automatically Writes and Publishes Newsletters, and Grows Subscribers SEATTLE, Oct. 31, 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 the launch of Curate, an AI-powered newsletter platform designed to streamline content creation and audience engagement for organizations of all sizes. Traditional newsletters require multiple pro ...
Banzai Regains Compliance with NASDAQ Minimum Bid Price Rule
GlobeNewswire News Room· 2024-10-22 15:56
SEATTLE, Oct. 22, 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 that it has received notice from The Nasdaq Stock Market LLC ("Nasdaq") informing the Company that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5450(a)(1) (the "Rule") for continued listing. To regain compliance with the Rule, the Company's ...
Banzai Engages MZ Group to Lead Strategic Investor Relations and Shareholder Communications Program
GlobeNewswire News Room· 2024-10-15 12:31
SEATTLE, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Banzai International, Inc. (NASDAQ: BNZI) ("Banzai" or the "Company"), a leading marketing technology company that provides essential marketing and sales solutions, has engaged international investor relations specialists MZ Group (MZ) to lead a comprehensive strategic investor relations and financial communications program across all key markets. MZ Group will work closely with Banzai's management team to develop and implement a comprehensive capital markets strat ...
Banzai Announces Strategic Business Initiatives to Improve Net Income by up to $13.5 Million Annually
GlobeNewswire News Room· 2024-10-09 12:31
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 ...
Banzai Announces $24.8 Million Debt Payoff and Restructuring Agreements with Participation from Company Insiders
GlobeNewswire News Room· 2024-09-24 12:31
Agreements to Significantly Improve Balance Sheet by Reducing Total Debt, Deferring Principal and Interest Payments, and Substantially Lowering Near-Term Cash Needs SEATTLE, Sept. 24, 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 that it entered into agreements with lenders and service providers to write off up to $5.6 million of outstanding liabilit ...
Banzai Announces Reverse Split to Regain NASDAQ Compliance
GlobeNewswire News Room· 2024-09-19 11:43
SEATTLE, Sept. 19, 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 that effective at 12:01 a.m., EDT, on September 19, 2024, the Company will effect a one-for-fifty (1 for 50) reverse stock split of its outstanding Class A common stock. The reverse stock split is primarily intended to bring the Company into compliance with the minimum average closing s ...
Banzai Adds 179 Customers in August 2024 as New Technology Improvements Drive Growth
GlobeNewswire News Room· 2024-09-17 12:31
Strong Organic Growth as Company Focuses on Scaling AI-Powered Demand Generation Platform SEATTLE, Sept. 17, 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 the addition of 147 customers in August 2024, for a total of 1,434 in 2024, demonstrating strong organic growth and customer loyalty for its AI-driven platform of essential MarTech data, analytics, ...