Giftify, Inc. Surpassed its Previously Provided Forecast of $85 Million Revenue for 2024
January 08 2025 - 7:30AM
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, is pleased to announce its
strong finish to 2024 and that its annual 2024 revenue was greater
than the previously provided forecast of $85 million.
The better-than-expected revenue was buoyed by
robust sales growth of approximately 57% for the recent shopping
holiday of Black Friday through Cyber Monday and continued strong
2024 year-end holiday season.
The recent corporate rebranding to Giftify, Inc.
highlights the Company’s evolution and illustrates the Company’s
ambition to be the leader in the incentives-based market.
Throughout the month of October insiders
purchased a little more than 70,000 shares in the open market at an
average price of $1.66 per share.
About Giftify, Inc.
Giftify, Inc. is a pioneer in the incentive and
rewards industry with a focus on retail, dining & entertainment
experiences, as the owner and operator of leading digital
platforms, CardCash.com and Restaurant.com. CardCash.com is a
leading secondary gift card exchange platform, allowing consumers
and retailers to realize value by buying and selling gift cards at
various scales. Its Restaurant.com is the nation’s largest
restaurant-focused digital deals brand. Restaurant.com and our
Corporate Incentives division connect digital consumers, businesses
and communities offering thousands of dining, retail and
entertainment deals options nationwide at over 184,000 restaurants
and retailers. Restaurant.com prides itself on offering the best
deal, every meal. Our gift cards and restaurant certificates allow
customers to save at thousands of restaurants across the country
with just a few clicks.
For more information, visit: www.giftifyinc.com
and www.cardcash.com and https://www.restaurant.com.
Forward-Looking Statements
Press Releases may include forward-looking
statements. In particular, the words “believe,” “may,” “could,”
“should,” “expect,” “anticipate,” “estimate,” “project," "propose,"
"plan," "intend," and similar conditional words and expressions are
intended to identify forward-looking statements. Any statements
made in this news release about an action, event or development,
are forward-looking statements. Such statements are based upon
assumptions that in the future may prove not to have been accurate
and are subject to significant risks and uncertainties. Such
statements are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of the company.
Accordingly, you should not place undue reliance on these
forward-looking statements. Although the company believes that the
expectations reflected in the forward-looking statements are
reasonable, it can give no assurance that its forward-looking
statements will prove to be correct. Investors are cautioned that
any forward-looking statements are not guarantees of future
performance and actual results or developments may differ
materially from those projected. The forward-looking statements in
this press release are made as of the date hereof. The company
takes no obligation to update or correct its own forward-looking
statements, except as required by law or those prepared by third
parties that are not paid by the company. Statements in this press
release that are not historical fact may be deemed forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. Although RDE, Inc. believes the expectations
reflected in any forward-looking statements are based on reasonable
assumptions, RDE, Inc. is unable to give any assurance that its
expectations will be attained. Factors that could cause actual
results to differ materially from expectations include the
company’s ability identify a suitable business model for the
corporation.
Investors Contacts:
ClearThinknyc@clearthink.capital
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