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Banzai Reports Second Quarter 2025 Financial Results
Globenewswire· 2025-08-14 20:05
Core Insights - Banzai International, Inc. reported a revenue of $3.3 million for Q2 2025, marking a 205% increase from Q2 2024 [1][7] - The gross profit for the same period was $2.7 million, reflecting a 267% growth year-over-year, with a gross margin of 83.0%, up from 69.1% in Q2 2024 [1][7][11] - The company secured new debt financing of up to $11.0 million and ended Q2 with a cash balance of $2.3 million [5][7] Financial Performance - Annual Recurring Revenue (ARR) reached $12.6 million for Q2 2025, representing an 182% increase year-over-year [7][10] - Total operating expenses for Q2 2025 were $7.4 million, compared to $4.1 million in Q2 2024, primarily due to the integration of OpenReel and Vidello [12][15] - The net loss for Q2 2025 was ($7.8) million, compared to ($4.0) million in Q2 2024 [7][12] Operational Highlights - The company serves over 140,000 customers, with a focus on mid-market and enterprise clients [4][8] - Key leadership appointments include Dean Ditto as Chief Financial Officer and Michael Kurtzman as Chief Revenue Officer, aimed at scaling revenue in the video business unit to $50 million over the next three years [8][9] - Expanded agreements with enterprises like RBC Capital Markets for the OpenReel solution, enhancing its position in the digital video creation market [6][8] Strategic Initiatives - Management is focused on accelerating self-service subscriber growth, enterprise expansion, and customer retention while evolving product offerings [9] - Significant improvements to the balance sheet and cost structure are expected to support sustainable profitability [5][9] - The company is making strategic investments in software, sales, marketing, and product development to drive organic growth [9]
Banzai Reports First Quarter 2025 Financial Results
Globenewswire· 2025-05-15 21:35
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]
7GC & (VII) - Prospectus(update)
2024-09-25 21:30
As filed with the Securities and Exchange Commission on September 25, 2024 Registration No. 333-282232 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1/A Pre-Effective Amendment No. 1 to REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Banzai International, Inc. (Exact Name of Registrant as Specified in its Charter) (State or Other Jurisdiction of Incorporation or Organization) Delaware 7372 85-3118980 (Primary Standard Industrial Classification Code No.) (I.R.S. Emplo ...
7GC & (VII) - Prospectus
2024-09-24 17:48
As filed with the Securities and Exchange Commission on September 24, 2024 Registration No. 333-[ ] UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Banzai International, Inc. (Exact Name of Registrant as Specified in its Charter) (State or Other Jurisdiction of Incorporation or Organization) Delaware 7372 85-3118980 (Primary Standard Industrial Classification Code No.) (I.R.S. Employer Identification No.) 435 Ericksen A ...
7GC & (VII) - Prospectus
2024-09-20 10:10
As filed with the Securities and Exchange Commission on September 19, 2024 Registration No. 333-[ ] UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Banzai International, Inc. (Exact Name of Registrant as Specified in its Charter) (State or Other Jurisdiction of Incorporation or Organization) Delaware 7372 85-3118980 (Primary Standard Industrial Classification Code No.) (I.R.S. Employer Identification No.) 435 Ericksen Ave, Suite ...
7GC & (VII) - Prospectus
2024-07-31 01:23
(Exact Name of Registrant as Specified in its Charter) (State or Other Jurisdiction of Incorporation or Organization) Delaware 7372 85-3118980 (Primary Standard Industrial Classification Code No.) As filed with the Securities and Exchange Commission on July 30, 2024 Registration No. 333-[ ] UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Banzai International, Inc. (I.R.S. Employer Identification No.) 435 Ericksen Ave, S ...
Banzai International(BNZI) - Prospectus
2024-07-31 01:23
As filed with the Securities and Exchange Commission on July 30, 2024 Registration No. 333-[ ] UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Banzai International, Inc. (Exact Name of Registrant as Specified in its Charter) (State or Other Jurisdiction of Incorporation or Organization) Delaware 7372 85-3118980 (Primary Standard Industrial Classification Code No.) (I.R.S. Employer Identification No.) 435 Ericksen Ave, S ...
7GC & (VII) - Prospectus(update)
2024-05-16 21:19
Table of Contents As filed with the Securities and Exchange Commission on May 16, 2024 Registration No. 333-278871 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1/A (Amendment No. 1) REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Banzai International, Inc. (Exact Name of Registrant as Specified in its Charter) (State or Other Jurisdiction of Incorporation or Organization) Delaware 7372 85-3118980 (Primary Standard Industrial Classification Code No.) (I.R.S. Employer ...
Banzai International(BNZI) - Prospectus(update)
2024-05-16 21:19
Table of Contents As filed with the Securities and Exchange Commission on May 16, 2024 Registration No. 333-278871 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1/A (Amendment No. 1) REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Banzai International, Inc. (Exact Name of Registrant as Specified in its Charter) (State or Other Jurisdiction of Incorporation or Organization) Delaware 7372 85-3118980 (Primary Standard Industrial Classification Code No.) (I.R.S. Employer ...
7GC & (VII) - Prospectus
2024-04-22 21:31
Table of Contents As filed with the Securities and Exchange Commission on April 22, 2024 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Banzai International, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 7372 85-3118980 (State or Other Jurisdiction of Incorporation or Organization) (Primary Standard Industrial Classification Code No.) (I.R.S. Employer Identification No.) 435 ...