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Banzai to Present at the Singular Research Summer Solstice Conference on June 18, 2025
Globenewswire· 2025-06-17 12:31
SEATTLE, June 17, 2025 (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 Joe Davy, Founder and CEO of Banzai, will present at the Singular Research Summer Solstice Conference taking place on Wednesday, June 18, 2025. Singular Research Summer Solstice ConferenceDate: Wednesday, June 18, 2025Location: VirtualFormat: PresentationAttendees: Joe Davy, Founder ...
Banzai Appoints Michael Kurtzman as Chief Revenue Officer
Globenewswire· 2025-06-16 12:31
Company Overview - Banzai International, Inc. is a leading marketing technology company that provides essential marketing and sales solutions, focusing on AI-enabled video engagement, production, and webinar solutions [1][5] - The company aims to help businesses of all sizes target, engage, and measure both new and existing customers more effectively [5] Leadership Appointment - Michael Kurtzman has been appointed as Chief Revenue Officer, effective June 16, 2025, to lead operations and customer-facing functions [1][4] - Kurtzman brings over 20 years of global experience in driving growth across startups, growth-stage ventures, and Fortune 50 companies, with a proven track record of expanding revenue from $10 million to over $100 million [2][3] Strategic Goals - The primary objective of Kurtzman's role is to increase revenue in the Video business unit to $50 million over the next three years [4] - Responsibilities include accelerating self-service subscriber growth, enterprise and mid-market expansion, and customer retention, while ensuring continuous evolution of product offerings [4] Product and Market Focus - Banzai's product suite includes Demio, CreateStudio, and OpenReel, which are designed to drive engagement, retention, and revenue [5] - The company serves a diverse range of customers, including notable names like Autodesk, Dell Technologies, and New York Life [5]
Banzai International(BNZI) - 2025 Q1 - Earnings Call Presentation
2025-05-19 18:43
AI-Powered Marketing Technology Solutions Q1 2025 Financial Results Conference Call May 15, 2025 NASDAQ: BNZI Disclaimers Basis of Presentation This Presentation (this "Presentation") is provided for informational purposes only and has been prepared to assist interested parties in making their own evaluation with respect to a potential investment in Banzai International, Inc. ("Banzai" or the "Company") and for no other purpose. Byaccepting,reviewing or reading this Presentation, you will be deemed to have ...
Banzai International(BNZI) - 2025 Q1 - Earnings Call Transcript
2025-05-15 22:47
Banzai International (BNZI) Q1 2025 Earnings Call May 15, 2025 05:45 PM ET Company Participants Joe Davy - Founder & CEOAlvin Yip - CFO Joe Davy For, our products. We are seeing immediate results from having Vidello's next generation video creation, editing, and marketing suite and OpenReal's digital video creation platform in the Bonsai family of products. We achieved gross profit of $2,800,000 in the quarter, an increase of 297%. Gross margin expanded significantly year over year from 64.7% to 82.1%. A fe ...
Banzai International(BNZI) - 2025 Q1 - Earnings Call Transcript
2025-05-15 22:45
Financial Data and Key Metrics Changes - Gross profit for Q1 2025 was $2,800,000, an increase of 297% year-over-year, with gross margin expanding from 64.7% to 82.1% [1][12] - Annual recurring revenue (ARR) reached $14,900,000, representing a 268% annualized growth rate compared to Q4 2024 [2][12] - Adjusted EBITDA showed a loss of $1,700,000, compared to a loss of $1,500,000 in Q1 2024 [2][13] - Net loss improved by $4,000,000 compared to Q4 2024, totaling $3,600,000 for Q1 2025 [2][13] Business Line Data and Key Metrics Changes - Consolidated revenue from video-related products was $3,400,000 in Q1 2025, a 213% increase compared to Q1 2024 [5][11] - The company launched Create Studio 4.0, enhancing its video creation capabilities [3][5] Market Data and Key Metrics Changes - The customer base expanded to over 90,000, including notable clients such as Cisco, Adobe, and Microsoft [6][12] - The company serves various industries, including healthcare, financial services, e-commerce, technology, and media, with customers in over 90 countries [6] Company Strategy and Development Direction - The company is focused on targeting mid-market and enterprise segments while supporting small business customers, emphasizing a disciplined approach to acquiring high-value customers [7][8] - The strategy includes building integrations and AI enablement to simplify customer workflows and enhance product offerings [8][9] - The acquisition of Acton Software is projected to increase FY 2025 revenue by $27,000,000 on a pro forma basis [3][6] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the acquisition pipeline for 2025, indicating strong interest from potential acquisition targets despite macroeconomic uncertainties [19][20] - There is a positive demand environment, with many customers opting for longer contract terms, indicating confidence in the company's offerings [21][22] - The company aims for cash breakeven operations in 2025, with a focus on improving financial health and profitability [15][24] Other Important Information - The company completed a $20,300,000 debt repayment ahead of schedule, improving its balance sheet and stockholders' equity by $5,700,000 in Q1 2025 [3][4] - The company is actively pursuing AI integration in its products, with significant investments in R&D to enhance capabilities [35][44] Q&A Session Summary Question: Updates on the expected timeline for the Acton acquisition and acquisition pipeline for 2025 - The company is actively working on the Acton acquisition and sees a strong pipeline of attractive acquisition opportunities for 2025 [17][19] Question: Signs of caution from customers regarding marketing or demand generation budgets - Management noted the opposite trend, with customers expanding or renewing on longer contracts, indicating strong demand [20][21] Question: Changes in the sales cycle due to macro and tariff concerns - There has been no significant change in the sales cycle, with larger customers moving to longer contract terms [22][23] Question: Plans to become breakeven or cash flow positive in Q2 - The company is not facing liquidity concerns and aims for cash flow breakeven in 2025, with Q1 expenses primarily being one-time costs [24][25] Question: Conditions precedent for closing the Acton deal - The main condition is a financing contingency, and updates will be provided as progress is made [27] Question: Consideration of AI acquisitions in EMEA - The company is open to AI acquisitions in EMEA, having already made an acquisition in London [28][29] Question: AI strategy and R&D investments - The company is focused on integrating AI into its products, enhancing user capabilities and efficiency [35][44] Question: Thoughts on share price - Management believes the share price is currently detached from the company's reality and hopes improved financial results will be reflected in the share price [52][56]
Banzai Reports First Quarter 2025 Financial Results
Globenewswire· 2025-05-15 21:35
Revenue of $3.4 Million for Q1 2025, Representing 213% Growth from Q1 2024 Gross Profit of $2.8 Million for Q1 2025, Representing 297% Growth from Q1 2024; Gross Margin Expanded to 82.1% in Q1 2025 from 64.7% in Q1 2024 Q1 2025 Net Loss Improved to ($3.6) Million from ($7.9) Million in Q4 2024, Positioning the Company to Cash Break-Even Operations in FY2025 Management to Host First Quarter 2025 Results Conference Call Today, Thursday, May 15, 2025 at 5:45 p.m. Eastern Time SEATTLE, May 15, 2025 (GLOBE NEWSW ...
Banzai International(BNZI) - 2025 Q1 - Quarterly Report
2025-05-15 19:41
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number: 001-39826 Banzai International, Inc. (Exact name of Registrant as specified in its Charter) Delaware 85-3118980 (State or ...
Banzai Secures Expanded Agreement with RBC Capital Markets for OpenReel Enterprise License
Globenewswire· 2025-05-06 12:31
SEATTLE, May 06, 2025 (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 it has expanded its agreement with RBC Capital Markets. As part of the expanded agreement, RBC Capital Markets’ Wealth Marketing Division will have an enterprise license for usage of OpenReel, Banzai’s leading digital video creation platform. “This agreement reinforces our strategy of exp ...
Banzai to Host First Quarter 2025 Financial Results Conference Call on Thursday, May 15, 2025 at 5:45 p.m. Eastern Time
Globenewswire· 2025-05-01 12:31
SEATTLE, May 01, 2025 (GLOBE NEWSWIRE) -- Banzai International, Inc. (NASDAQ: BNZI) (“Banzai” or the “Company”), a leading marketing technology company that provides essential marketing and sales solutions, will hold a conference call on Thursday, May 15, 2025, at 5:45 p.m. Eastern Time to discuss its financial results for the first quarter ended March 31, 2025, as well as review ongoing initiatives and anticipated 2025 milestones. Banzai Founder & CEO Joe Davy and Interim CFO Alvin Yip will host the confer ...
Banzai Announces Exercise of 1,048,920 Warrants Purchased at $3.89 Each
Newsfilter· 2025-04-22 12:30
SEATTLE, April 22, 2025 (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 issued 1,048,920 shares of common stock to Alco Investment Company ("Alco"), pursuant to an exercise notice for Pre-Funded Warrants received on September 20, 2024 for a purchase price of $3.89. On September 20, 2024, the Company completed a private placement of securities pur ...