How did BNZI's revenue and expenses trend in Q3 2024?

Banzai International Inc. (BNZI) demonstrated significant financial improvements in Q3 2024, with notable enhancements in revenue, profitability, and cash position. The following highlights the key trends and improvements: 1. **Revenue Growth**: BNZI achieved a substantial increase in Net Revenue, reaching $4.4 million, marking a 7% sequential rise and a 31% annualized growth rate. This growth was driven by strong customer acquisition and retention, with Backblaze reporting a record-high Net Revenue Retention rate and adding 179 new customers in August 2024. 2. **Profitability Improvement**: The company significantly reduced its Adjusted Net Loss to $0.9 million, a $3.6 million improvement from the previous quarter's $4.5 million loss. This substantial improvement in profitability was supported by enhanced operational efficiency and cost management. 3. **Expense Management**: BNZI's Adjusted EBITDA improved to ($1.4) million, a $0.5 million enhancement from Q2 2024, representing an annualized improvement of $1.8 million. This indicates effective cost management and operational optimization. 4. **Cash Position Strengthening**: BNZI maintained a robust cash position, ending Q3 2024 with $4.2 million, reflecting strong liquidity and financial resilience. In summary, BNZI experienced robust revenue growth, enhanced profitability, and improved cash management in Q3 2024, underscoring the company's financial strength and operational effectiveness.