Banzai International announced a business update that includes December 2023 Annual Recurring Revenue, the execution of a non-binding letter of intent to acquire Mixed Analytics as well as the Company’s target December 2024 ARR. Banzai has estimated its December 2023 ARR at $4.6 million. Banzai also announced that is has signed a non-binding LOI to acquire Mixed Analytics. Banzai targets December 2024 ARR to be $8.1 – $10 million, based on the Company’s December 2023 ARR, organic growth during the year as demonstrated by January 2024 customer wins and reactivations, and currently signed non-binding LOIs to acquire IGLeads, The midpoint target, or $9.1 million, foresees a 97% increase in ARR, which would be equally attributable to organic growth and the acquisitions currently under LOI.
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