Banzai International, a Marketing Technology (MarTech) company, reported a decrease in revenue from $1.2 million in Q1 2023 to $1.1 million in Q1 2024, marking an 8.3% decline. The company also experienced an increase in net losses, from $3.8 million in Q1 2023 to $4.5 million in Q1 2024, and an accumulated deficit of $51.3 million as of March 31, 2024. Banzai's business development included amending promissory notes to extend maturity dates and issuing shares for debt repayment agreements. The company also issued shares as compensation for business development and consulting services. Banzai's future plans involve seeking additional funding through equity financings and other strategic ventures to support its operations. The company's financial condition raises substantial doubt about its ability to continue as a going concern within the next year. Banzai's operational...Show More

Banzai International, a Marketing Technology (MarTech) company, reported a decrease in revenue from $1.2 million in Q1 2023 to $1.1 million in Q1 2024, marking an 8.3% decline. The company also experienced an increase in net losses, from $3.8 million in Q1 2023 to $4.5 million in Q1 2024, and an accumulated deficit of $51.3 million as of March 31, 2024. Banzai's business development included amending promissory notes to extend maturity dates and issuing shares for debt repayment agreements. The company also issued shares as compensation for business development and consulting services. Banzai's future plans involve seeking additional funding through equity financings and other strategic ventures to support its operations. The company's financial condition raises substantial doubt about its ability to continue as a going concern within the next year. Banzai's operational strategy focuses on acquiring strategically positioned companies to enhance product and service offerings, with a customer base of over 2,767 across various industries in 86 countries. The company's main product, Demio, targets mid-market and enterprise customers, with an increase in multi-host customers from 14 in 2021 to 119 in 2024. Banzai operates on a recurring subscription license model, with pricing based on features and audience size.