Core Viewpoint - Banzai International, Inc. will implement a one-for-ten reverse stock split of its Class A and Class B Common Stock effective July 8, 2025, to increase the share price and comply with Nasdaq's Minimum Bid Price Requirement [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split will combine every ten shares of outstanding Common Stock into one share, with no change in par value [2]. - Prior to the split, there were 22,374,739 shares of Class A Common Stock and 2,311,134 shares of Class B Common Stock outstanding, which will reduce to approximately 2,237,474 shares of Class A and 231,113 shares of Class B after the split [3]. - No fractional shares will be issued; any resulting fractional shares will be rounded up to the nearest whole share [3][4]. Group 2: Impact on Shareholders - The reverse stock split will uniformly affect all holders of Common Stock and will not alter any shareholder's percentage interest, except for adjustments due to fractional shares [4]. - Shareholders holding certificates will receive information from Continental Stock Transfer & Trust Company regarding the exchange process for their shares [5]. Group 3: Company Overview - Banzai is a marketing technology company providing AI-enabled marketing and sales solutions, serving over 90,000 customers including notable companies like RBC and Dell Technologies [6].

Core Viewpoint - Banzai International, Inc. has completed an $11.0 million debt facility to enhance operational liquidity and support acquisitions and growth initiatives [1][3]. Financing Details - The initial tranche of the financing amounts to $2.2 million, maturing on June 30, 2026, with an interest rate of 10% per annum, secured by the company's assets [2]. - The principal of the Note can be paid in cash or converted into common shares at the holder's discretion at 115% of the common stock price prior to the closing date [2]. Use of Proceeds - The net proceeds from the debt facility will be utilized for working capital, acquisitions, and general corporate purposes to facilitate future growth [3]. Company Overview - Banzai is a marketing technology company that offers AI-enabled marketing and sales solutions, serving over 90,000 customers including notable companies like RBC, Dell Technologies, and New York Life [5].

Company Overview - Banzai International, Inc. is a leading marketing technology company that provides AI-enabled marketing and sales solutions for businesses of all sizes [4] - The company's mission is to help customers grow by enabling effective targeting, engagement, and measurement of both new and existing customers [4] - Notable customers include Autodesk, Dell Technologies, New York Life, Thermo Fisher Scientific, Thinkific, and ActiveCampaign, among thousands of others [4] Upcoming Event - Joe Davy, Founder and CEO of Banzai, will present at the Singular Research Summer Solstice Conference on June 18, 2025 [1][2] - The presentation is scheduled for 9:45 a.m. Eastern Time, Track 2, and will be available via webcast [2] Investor Relations - Investors can schedule one-on-one meetings with Banzai management through Singular Research conference representatives or by contacting Chris Tyson at MZ Group [3][6] - For further inquiries, Chris Tyson serves as the Executive Vice President at MZ Group, and Nancy Norton is the Chief Legal Officer at Banzai [6]

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]

Financial Performance - Q1 2025 revenue reached $3.4 million, a 213% increase year-over-year compared to $1.1 million in Q1 2024[20] - Gross profit for Q1 2025 was $2.8 million, representing a 297% increase compared to $0.7 million in Q1 2024[20] - Gross margin expanded to 82.1% in Q1 2025, a 17% increase from 64.7% in Q1 2024[20] - Annual Recurring Revenue (ARR) reached $14.9 million, reflecting a 268% annualized growth rate compared to Q4 2024[21] - The company repaid $20.3 million of outstanding liabilities ahead of schedule[21] Strategic Initiatives - Banzai acquired Vidello, a video hosting and marketing suite provider[21] - A definitive agreement was signed to acquire Act-On, projected to increase FY 2025 revenue by $27 million on a pro-forma basis[21] - The company expanded its customer base to over 90,000 total customers[21] Future Outlook - The acquisition of Act-On is projected to grow Banzai's pro-forma consolidated 2024 revenue to $44 million[28] - The company is implementing a $13.6 million annualized net income improvement program[42] - Forecasted gross profit percentage is 82%[39]

Financial Data and Key Metrics Changes - The company achieved gross profit of $2,800,000 in the quarter, an increase of 297% year over year, with gross margin expanding from 64.7% to 82.1% [1][13] - Annual recurring revenue (ARR) reached $14,900,000, representing a 268% annualized growth rate compared to Q4 2024 [2][12] - Adjusted EBITDA was a loss of $1,700,000, compared to a loss of $1,500,000 in Q1 2024 [2][14] - Net loss improved by $4,000,000 compared to Q4 2024, with a net loss of $3,600,000 in Q1 2025 [2][14] - Total revenue for the quarter was $3,400,000, compared to $1,100,000 in the same quarter last year [12] Business Line Data and Key Metrics Changes - The consolidated business delivered revenue of $3,400,000 in Q1 2025, a 213% increase compared to 2024 [5] - The company expanded its customer base to over 90,000, including notable clients such as Cisco, Adobe, and Microsoft [6] Market Data and Key Metrics Changes - The company serves customers in over 90 countries across various industries, including healthcare, financial services, e-commerce, technology, and media [6] Company Strategy and Development Direction - The company is focused on targeting the mid-market and enterprise segments while supporting small business customers, emphasizing a disciplined approach to acquiring high-value customers [7] - 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 revenue by $27,000,000 in FY 2025 on a pro forma basis [3] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the acquisition pipeline for 2025, despite macroeconomic uncertainties, indicating a strong supply of attractive companies [21] - There is a positive demand environment, with many customers expanding or renewing contracts for longer terms, indicating strong demand for the company's services [23] - The company aims for cash breakeven operations in 2025, with a focus on improving the balance sheet and advancing towards profitability [16][28] Other Important Information - The company completed a $20,300,000 debt repayment ahead of schedule, improving stockholders' equity by $5,700,000 in Q1 [4] - The company is building a suite of synergistic products that drive value for its customer base, with a scalable and asset-light business model [16] 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 interesting acquisition opportunities for 2025 [20][21] Question: Signs of caution from the customer base regarding marketing or demand generation budgets - The company is experiencing the opposite, with customers renewing on longer contracts and showing strong demand [23] Question: Changes in the sales cycle due to macro and tariff concerns - The sales cycle has not changed significantly, with larger customers moving to longer contract terms, providing guaranteed revenue [24][25] Question: Plans to become breakeven or cash flow positive in Q2 - There are no liquidity concerns, and the company is looking to reach cash flow breakeven in 2025, with significant improvements in net income [26][28] Question: Conditions precedent to close the Acton deal - The main condition is a financing contingency, and updates will be provided as progress is made [29] Question: AI strategy and R&D investments for AI products - The company is focused on integrating AI features into its products, enhancing customer capabilities and efficiency [36][40] Question: Thoughts on share price - Management believes the share price is currently detached from the company's reality, but they are focused on delivering better financial results to improve market perception [52][54][56]

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]

Core Insights - Banzai International, Inc. reported a revenue of $3.4 million for Q1 2025, marking a 213% increase from Q1 2024 and a 160% sequential increase from Q4 2024 [1][6] - The gross profit for Q1 2025 was $2.8 million, representing a 297% growth from Q1 2024, with a gross margin expansion to 82.1% from 64.7% in the prior year [1][12] - The net loss improved to $3.6 million in Q1 2025 from $7.9 million in Q4 2024, indicating progress towards cash break-even operations in FY2025 [1][13] Financial Performance - Revenue for Q1 2025 was $3.4 million, a 213% increase year-over-year and a 160% increase sequentially [1][11] - Gross profit reached $2.8 million, with a gross margin of 82.1%, up from 64.7% in Q1 2024 [1][12] - Annual Recurring Revenue (ARR) was reported at $14.9 million, reflecting a 268% annualized growth rate compared to Q4 2024 [1][10] - The net loss for Q1 2025 was $3.6 million, an improvement from a net loss of $4.3 million in Q1 2024 [1][13] Strategic Developments - The company completed the acquisition of Vidello, which is expected to enhance its financial position and flexibility [1][5] - Banzai signed a definitive agreement to acquire Act-On Software, projected to add $27 million in revenue for the full year 2025 on a pro-forma basis [3][6] - The company expanded its customer base to over 90,000, focusing on mid-market and enterprise customers [4][6] Operational Highlights - Significant improvements were made to the balance sheet, with stockholders' equity increasing by $5.1 million year-over-year to a positive $2.4 million as of March 31, 2025 [5][6] - The company achieved a 268% annualized ARR growth rate, driven by strong performance in its products [4][10] - Banzai secured expanded agreements with major enterprises, including RBC Capital Markets, validating its expansion strategy [6][7] Future Outlook - The company is focused on building an integrated platform of AI-powered MarTech solutions to drive growth and enhance marketing results [9] - Continued investment in product development, sales, and marketing is expected to support future growth initiatives [9][24]

Financial Performance - Banzai generated revenue of approximately $3.4 million for the three months ended March 31, 2025, compared to $1.1 million for the same period in 2024, representing a year-over-year increase of approximately 209%[257]. - The company incurred net losses of approximately $3.6 million for the three months ended March 31, 2025, compared to $4.3 million for the same period in 2024, indicating a reduction in losses[257]. - For the three months ended March 31, 2025, Banzai reported total revenue of approximately $3,379 thousand, an increase of approximately $2,300 thousand, or 213.2%, compared to the same period in 2024[334]. - Banzai's gross profit for the three months ended March 31, 2025, was approximately $2,773 thousand, an increase of approximately $2,075 thousand, or 297.3%, compared to the prior year[336]. - Banzai reported a net loss of approximately $3,644 thousand for the three months ended March 31, 2025, a decrease of approximately $647 thousand, or 15.1%, compared to the net loss of approximately $4,291 thousand in the prior year[342]. - The overall increase in operating expenses was approximately $3.6 million, which included significant contributions from new acquisitions and increased operational costs[344]. - For the three months ended March 31, 2025, the company's Adjusted EBITDA loss was approximately $1.7 million, reflecting a 15.2% increase in loss compared to a loss of approximately $1.5 million for the same period in 2024[361]. Customer Metrics - Banzai's customer base grew to over 3,070 customers as of March 31, 2025, with a significant increase in multi-host Demio customers from 14 to 163 since January 1, 2021[255]. - For the three months ended March 31, 2025, Demio generated 27.0% of total revenue, compared to 99.0% in the same period of 2024[303]. - Average Monthly Net Revenue Retention (NRR) for Demio was 98.7% for the three months ended March 31, 2025, up from 97.2% in 2024[307]. - New Customer Average Customer Value (ACV) for Demio increased to $5,619 in Q1 2025 from $1,484 in Q1 2024[310]. - Customer Acquisition Cost (CAC) for Demio rose to $2,258 in Q1 2025, compared to $1,220 in Q1 2024[314]. - Average Monthly Revenue Churn for Demio was 5.1% in Q1 2025, slightly down from 5.2% in Q1 2024[317]. - Customer Lifetime Value (LTV) for new customers increased to $9,261 in Q1 2025 from $2,376 in Q1 2024[321]. - The LTV/CAC ratio for Demio improved to 5.9 in Q1 2025, compared to 2.0 in Q1 2024, indicating enhanced efficiency in sales and marketing[325]. Mergers and Acquisitions - The company completed the merger with OpenReel on December 18, 2024, with a merger consideration of $19.6 million, consisting of 930,558 shares of Banzai Common Stock and 11,769,501 Pre-Funded Warrants[261]. - Banzai acquired Vidello Limited for approximately $2.7 million in cash and 898,204 shares of Class A common stock, with Vidello generating over $6.5 million in TTM revenue and $2 million in TTM EBITDA[262][263]. - The company entered into a merger agreement with Act-On Software Inc., with an aggregate merger consideration of approximately $35.05 million, payable in cash and shares of Class A Common Stock[265]. - The Business Combination required the Company to incur additional annual expenses related to public company regulatory requirements[331]. Financial Position and Capital Structure - Banzai's accumulated deficit reached $81.9 million as of March 31, 2025, up from $78.3 million as of December 31, 2024[257]. - As of March 31, 2025, the company reported a working capital deficit of approximately $26.6 million and an accumulated deficit totaling approximately $81.9 million[364]. - The company has significant negative industry and economic trends that could lead to future impairments of goodwill, impacting its financial condition[356]. - As of March 31, 2025, the company had cash of approximately $0.8 million, indicating liquidity challenges[363]. - The total capital expenditure commitments and financing requirements as of March 31, 2025, amounted to approximately $14.1 million, with $6.1 million due within one year[373]. Debt and Financing Activities - The Company raised approximately $4.4 million from a private placement, with net proceeds intended for general corporate purposes and working capital[284]. - The Company issued 1,597,944 shares to creditors in exchange for the cancellation of $5,068,547 of debt as part of a debt reorganization plan[289]. - The Company entered into a convertible promissory note with a principal amount of $3,500,000, with a conversion price of $2.00 per share[296]. - The Company completed a public offering of 104,556 shares at a price of $9.00 per share, along with warrants exercisable into 450,000 shares[278]. - The Company raised approximately $7.1 million through the issuance of shares and approximately $3.1 million through additional convertible notes during the three months ended March 31, 2025[364]. - The Company has not yet secured financing for the AO Merger, creating uncertainty about its completion[273]. - The Company issued a subordinated secured promissory note for an aggregate principal amount of $4,000,000, receiving proceeds of $2,044,105 after fees and prepayments[300]. - The Company recorded a loss on debt extinguishment of approximately $6.5 million related to the consolidation of the Old CP BF Notes into a single convertible note[374]. - The total debt carrying value as of March 31, 2025, is $15,327,000, which includes various debt instruments such as the Agile Notes and 1800 Diagonal Notes[402]. Stock and Equity Transactions - The Company approved a reverse stock split at a ratio of 1-for-50, effective September 19, 2024[275]. - The Company issued 337,773 RSUs to executives as part of the fiscal 2024 bonus plan[295]. - The Company entered into a securities purchase agreement for a private placement of pre-funded warrants and Series A and B warrants, with a combined purchase price of $4.249 per warrant[280]. - The Company issued 30,000 shares to a creditor in exchange for the cancellation of $16,666 of debt[299]. - The Company has a total of approximately $7.4 million in debt principal related to the 15.5% CP BF Convertible Notes due in the long term[373]. Operational Metrics - The cost of revenue for the same period was approximately $606 thousand, representing an increase of approximately $225 thousand, or 59.1%, primarily due to additional costs from OpenReel and Vidello products[335]. - Total operating expenses for the same period were approximately $7,680 thousand, an increase of approximately $3,579 thousand, or 87.3%, driven by expenses from OpenReel and Vidello, as well as increases in salaries and marketing[337]. - The provision for income tax expense for the three months ended March 31, 2025, was $74 thousand, compared to no provision in the same period in 2024[339]. - The company recognized a gain on extinguishment of debt of approximately $4.3 million during the three months ended March 31, 2025, compared to $0.5 million in the same period in 2024[343]. Cash Flow - Net cash used in operating activities was approximately $5.0 million for the three months ended March 31, 2025, compared to $2.1 million for the same period in 2024, representing a 135.0% increase in cash outflow[368]. - The company reported a net cash provided by financing activities of approximately $7.3 million for the three months ended March 31, 2025, a significant increase of 599.6% compared to $1.1 million in 2024[367]. - Net cash provided by financing activities for the three months ended March 31, 2025, was approximately $7.3 million, primarily from proceeds of convertible debt financing of approximately $3.2 million and issuance of shares under the SEPA agreement of approximately $6.7 million[370].

Core Viewpoint - Banzai International, Inc. has expanded its agreement with RBC Capital Markets, allowing RBC's Wealth Marketing Division to utilize Banzai's OpenReel digital video creation platform, indicating growth in enterprise engagement and solid traction in the financial sector [1][2]. Company Overview - Banzai is a marketing technology company that provides AI-enabled marketing and sales solutions, aiming to help businesses effectively target, engage, and measure customer interactions [6]. - The company serves a diverse client base, including notable names such as Autodesk, Dell Technologies, and New York Life, among thousands of others [6]. Partnership Details - The expanded agreement with RBC Capital Markets signifies a doubling of current engagement and validates Banzai's growth strategy in the enterprise space [2]. - OpenReel allows organizations to produce high-quality, branded video content efficiently, enhancing brand consistency and streamlining the production process [2]. Industry Context - RBC Capital Markets is recognized as a trusted partner in capital markets, banking, and finance, with a strong presence in North America, Europe, and the Asia Pacific, covering 80% of the global investment banking fee pool [3]. - RBC is one of the largest banks globally and the fifth largest in North America by market capitalization, known for its strong capital base and consistent financial performance [4].