Financial Data and Key Metrics Changes - Total revenue for the full year 2024 was $16.7 million, representing a 267% annual growth compared to 2023's standalone revenue of $4.6 million [6][38] - Annual recurring revenue (ARR) for Q4 2024 was $6.8 million, reflecting a 54% annualized growth rate compared to Q3 2024 [12][36] - Full year 2024 adjusted EBITDA was negative $6.5 million, an improvement from negative $11.9 million in 2023 [13][38] - Net loss for Q4 2024 was $7.8 million, compared to a net loss of $6.4 million in Q4 2023 [37] Business Line Data and Key Metrics Changes - The Videlo subsidiary generated $6.1 million in revenue and $1.5 million in net income in 2024 [20] - OpenReel delivered $6.3 million in revenue and $0.1 million in net income in 2024 [21] - The consolidated video business unit, including Videlo and OpenReel, had pro forma revenues of $16.7 million in 2024, marking a 267% growth compared to Bonsai's standalone revenue in 2023 [18] Market Data and Key Metrics Changes - Bonsai's customer base grew from 2,700 customers at the end of 2023 to over 90,000 as of March 31, 2025 [14][27] - The company serves a variety of industries, including healthcare, financial services, e-commerce, technology, and media in over 90 countries [28] Company Strategy and Development Direction - The company is focused on building an AI-powered marketing platform and consolidating mission-critical MarTech products [16][29] - The growth strategy includes a "land and expand" model, targeting a 10% cross-sell rate per business unit in 2025 [30][31] - The company aims to integrate newly acquired products to enhance customer experience and drive upsell opportunities [48][52] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about achieving pro forma revenue of nearly $20 million in 2025, reflecting a 19% increase from 2024 [42] - The company has minimal exposure to geopolitical and tariff risks, positioning it well for substantial revenue growth in 2025 [43][106] - Management highlighted the importance of operational efficiency and customer relationships in achieving profitability [100][102] Other Important Information - The company completed a $20.3 million debt repayment, which is expected to benefit net income and shareholders' equity in 2025 [7][12] - The acquisition of Acton Software is projected to increase revenue by $27 million for the full year 2025 on a pro forma basis [14][24] Q&A Session Summary Question: What are your top strategic priorities for 2025? - The primary focus is on integrating products to work seamlessly together, enhancing customer experience and enabling upsell opportunities [48][52] Question: When will Q1 2025 results be released? - Q1 results are expected to be out on May 15, 2025 [53] Question: How is the integration with new acquisitions going? - Integration is progressing well, with cross-sales already occurring among products [70] Question: What is the market traction for Reach 2.0%? - Market traction has been good, with larger customers showing interest and existing customers cross-selling [61] Question: How has the company been impacted by tariffs? - The company has minimal exposure to tariffs, and they may even create a positive tailwind by driving demand for efficiency in marketing [106]

SEATTLE, April 08, 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 & CEO, and Alvin Yip, CFO, will present at the Emerging Growth Conference on April 17, 2025. Emerging Growth Conference Details: Date:Thursday, April 17, 2025Time:1:45 p.m. Eastern Time (10:45 a.m. Pacific Time)Webcast Registration:https://goto.webcasts.com/starthe ...

Fully Satisfies Outstanding Debt Obligations to Key Vendors and Delivers Material Benefit to Net Income and Shareholders' Equity SEATTLE, April 07, 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 paid off approximately $20.3 million of outstanding debt obligations in total through the first quarter of 2025. The Company completed the debt rep ...

Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often use words such as "believe," "may," "will," "estimate," "target," "continue," "anticipate," "intend," "expect," "should," "would," "propose," "plan," "project," "forecast," "predict," "potential," "seek," "future," "outlook," and similar variations and expressions. Forward-looking statements are those that do not relate ...

Core Insights - Banzai International, Inc. reported preliminary unaudited revenue of $17.5 million for the year ended December 31, 2024, exceeding guidance by 75% and representing a 285% increase year-over-year [2][3][4] Revenue Results - The preliminary unaudited revenue of $17.5 million includes full-year revenue from the recently closed acquisitions of Vidello and OpenReel, contributing significantly to the overall growth [3][7] - The revenue growth was primarily driven by strong organic growth and contributions from the Vidello and OpenReel acquisitions, which added approximately $13 million in revenues [7][8] Stockholders' Equity Improvement - As of February 28, 2025, Banzai's total stockholders' equity increased by approximately $22.3 million, improving from a deficit of $22.8 million on September 30, 2024, to approximately ($0.5) million [5][8] Acquisition Progress - The company is making progress toward closing the acquisition of Act-On Software, Inc., with a definitive agreement announced on January 23, 2025 [6]

Core Insights - Banzai International, Inc. reported preliminary unaudited revenue of $17.5 million for the year ended December 31, 2024, exceeding guidance by 75% and representing a 285% increase year-over-year [2][3][4] Revenue Results - The preliminary unaudited revenue of $17.5 million includes full-year revenue from the recently closed acquisitions of Vidello and OpenReel, contributing significantly to the overall growth [3][7] - The revenue growth was primarily driven by strong organic growth and contributions from the Vidello and OpenReel acquisitions, which added approximately $13 million in revenues [7][8] Stockholders' Equity Improvement - Banzai's stockholders' equity increased by approximately $22.3 million from a deficit of $22.8 million on September 30, 2024, to approximately ($0.5) million as of February 28, 2025 [5][8] Acquisition Progress - The company is making progress toward closing the acquisition of Act-On Software, Inc., with a definitive agreement announced on January 23, 2025 [6][8]

NEW YORK, March 04, 2025 (GLOBE NEWSWIRE) -- FE International, a leading global M&A advisor for technology businesses, is pleased to announce the acquisition of Vidello, a video hosting and marketing technology company, by Banzai International, Inc. (NASDAQ:BNZI). This acquisition strengthens Banzai's suite of AI-driven marketing tools, expanding its ability to provide businesses with innovative video solutions. Vidello, headquartered in London, offers a robust set of video marketing tools designed for entr ...

CreateStudio 4.0 Introduces New A.I. Builders, Hook Generators & Assistant, and Improved Audio Visualizer, Call to Action, and UI Improvements SEATTLE, Feb. 25, 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 the launch of CreateStudio 4.0, the latest version of its award-winning video creation app developed by its Vidello subsidiary. Vidello’s flagshi ...

Core Points - Banzai International, Inc. has demonstrated compliance with Nasdaq's minimum stockholders' equity requirement, allowing its securities to continue trading on The Nasdaq Capital Market [1][3] - The company previously faced a notification regarding its market value being below the minimum requirement, which led to a hearing and a request for a phase-down to The Nasdaq Capital Market [2] - Following the acquisition of Vidello Limited, Banzai filed a Form 8-K showing compliance with the stockholders' equity requirement, resulting in the closure of the Nasdaq compliance review [3] Company Overview - Banzai is a marketing technology company that provides AI-enabled marketing and sales solutions for businesses of all sizes, aiming to help customers grow by effectively targeting, engaging, and measuring both new and existing customers [4] - The company's clientele includes notable names such as Cisco, New York Life, Hewlett Packard Enterprise, and Thermo Fisher Scientific, among thousands of others [4]

Expands Portfolio with Next-Generation Video Creation, Editing, and Marketing Suite SEATTLE, Feb. 03, 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 successfully closed its previously announced acquisition of Vidello, a technology provider of video hosting and marketing suite solutions for businesses. The acquisition is expected to increase ...