Giftify, Inc. Reports Third Quarter 2024 Financial Results, Reports Revenue Growth of 14.9% to $23.2 Million
Giftify, Inc. (GIFT)
Company Research
Source: GlobeNewswire
Company forecasts at least $85 million in revenue for 2024 Guidance reflects the Company's strong market position in the growing secondary gift card market, estimated to reach $2.1 billion by 2025 SCHAUMBURG, IL, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Giftify, Inc. (NASDAQ: GIFT) (the “Company”), the owner and operator of leading digital platforms, CardCash.com and Restaurant.com, with a focus on incentives and rewards in retail, dining and entertainment experiences, today announced financial and operational results for the third quarter ended September 30, 2024. Key Highlights for the Three Months Ended September 30, 2024 Compared to Prior Year Period Completed uplisting of shares to the Nasdaq Capital Market; Finalized ticker change to “GIFT” Revenue increased 14.9% to $23.2 millionGross profit increased 16.0% to $3.0 millionGross margin increased to 12.9%Modified EBITDA loss was $0.7 millionNet loss of $4.1 million (Of note, net loss for the three months ended September 30, 2024
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News
- Giftify, Inc.’s CardCash Announces 57% Year-Over-Year Growth in Face Value of Gift Cards Sold from Black Friday Through Cyber MondayGlobeNewswire
- Giftify, Inc. Cancels Registered Direct OfferingGlobeNewswire
- Giftify, Inc. Announces Registered Direct Offering - CORRECTEDGlobeNewswire
- Giftify, Inc. Announces $5.0 Million Registered Direct OfferingGlobeNewswire
- Giftify, Inc.’s CardCash Featured on ABC’s Good Morning AmericaGlobeNewswire