Banzai International misses Q1 revenue estimates; signs non-binding letter to acquire ConnectAndSell

Parabolic Technologies

15/05/2026 21:20

Overview

AI sales & marketing tech firm's Q1 revenue fell 20% yr/yr, missing analyst expectations

Gross margin stayed high at 80.7% despite revenue decline

Company signed non-binding letter to acquire ConnectAndSell, aiming to expand AI platform

Outlook

Company expects cost management actions to materially reduce operating expenses

Acquisition of ConnectAndSell, if completed, expected to increase annual revenue and expand AI platform

Company focused on deepening enterprise customer relationships and driving adoption in high-value verticals

Result Drivers

CONSUMER PRODUCT WEAKNESS - Co said revenue decline was primarily due to underperformance in consumer direct products

ENTERPRISE PIPELINE - Co cited substantial efforts to increase enterprise pipeline and noted 11% revenue growth in March vs February

OPERATING EXPENSES - Operating expenses rose due to investments in leadership, sales and marketing, and professional fees

Company press release: ID:nGNX4jrNjv

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$2.7 mln
$3.76 mln (3 Analysts)
Q1 Net Income
-$8.4 mln
Q1 Adjusted EBITDA
-$1.9 mln
Q1 Gross Margin
80.7%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the it services & consulting peer group is "buy"

Wall Street's median 12-month price target for Banzai International Inc is $100.00, about 1,431.4% above its May 14 closing price of $6.53

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)