Company achieves gross profit increase of 18.3% to $3.9 million Strategic initiatives including TakeOut7 acquisition and AI implementation driving operational improvements SCHAUMBURG, IL, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Giftify, Inc. (NASDAQ: GIFT) (the "Company"), the owner and operator of CardCash.com, Restaurant.com, and Takeout7.com, and a leader in the incentives and rewards industry, today announced financial and operational results for the second quarter ended June 30, 2025. Key Highlights for the ...

Self-service portal empowers restaurant partners with real-time insights and streamlined deal management capabilities New tiered subscription model creates additional revenue opportunities while enhancing value proposition for Restaurant.com's 184,000+ restaurant partners SCHAUMBURG, IL, July 17, 2025 (GLOBE NEWSWIRE) -- Giftify, Inc. (NASDAQ: GIFT) (the "Company"), the owner and operator of CardCash.com and Restaurant.com, and a leader in the incentives and rewards industry, today announced the launch of R ...

Core Viewpoint - Xiaomi's recent product launch of the YU7 SUV has generated nearly 300,000 orders within one hour, significantly surpassing market expectations, which is expected to enhance earnings consensus and support valuation multiple expansion for the company [1] Group 1: YU7 SUV - The YU7 SUV received over 289,000 confirmed orders in the first hour of its launch, exceeding market expectations against the in-line MSRP [1] - The initial order backlog may face challenges from scalping, and production capacity constraints are anticipated to limit sales growth over the next year, with a maximum delivery estimate of 1 million units by 2026 [1] - The order frenzy for the YU7 is expected to benefit Li Auto with its upcoming i-series BEV models and Xiaomi's supply chain, including its exclusive LIDAR supplier [1] Group 2: AI Glasses - Xiaomi's AI glasses, comparable to Meta-Rayban products but with superior specifications, are expected to succeed in the Chinese market due to limited competition within Xiaomi's ecosystem [1] - The single-color electrochromic version of the AI glasses sold out within half an hour of launch [1] Group 3: MIX Flip2 Smartphone - The MIX Flip2, Xiaomi's latest compact foldable flagship smartphone, features significant upgrades in design, performance, battery life, and imaging systems, with a starting price of RMB 5,999 [2] - The MIX Flip2 is anticipated to become a key player in the 2025 compact foldable smartphone market [2] Group 4: Valuation - Xiaomi is reiterated as a top BUY due to its strong EV growth, progress in smartphone and IoT products, and exposure to AI, AR glasses, and robotics [3] - The target price of HK$75.25 is based on a sum-of-the-parts (SOTP) valuation, combining a 21x 2026E P/E for traditional business and a 4x 2026E P/S for the EV business [3]

Core Insights - Giftify, Inc. has announced the strategic acquisition of TakeOut7, enhancing its digital commerce ecosystem with comprehensive restaurant ordering and AI-powered marketing solutions [1][5] - The acquisition is valued at 350,000 shares of Giftify common stock and aims to connect over 185,000 restaurants with advanced technology [1][8] Comprehensive Restaurant Technology Solution - TakeOut7 operates two platforms: an online ordering platform with a "zero cost" business model and an AI-powered marketing platform called Platr [3][4] - The ordering platform charges consumers a nominal fee of $1.99 while providing a complete technology suite for restaurants, ensuring scalability and reliability through AWS serverless architecture [3][4] Strategic Value and Market Opportunity - The acquisition positions Giftify to tap into the $1.5 billion restaurant digital marketing market, targeting around 200,000 independent restaurants with annual sales over $1 million [5] - A significant percentage of restaurant operators (90%) express concerns that lack of marketing negatively impacts sales, and 84% lack the time or budget for effective marketing initiatives [5] Management Commentary - The CEO of Giftify, Ketan Thakker, emphasized that the acquisition expands the company's technology platform and market reach, creating a comprehensive ecosystem for independent restaurants [6] - The integration of TakeOut7's technology with Restaurant.com enhances the value proposition for restaurant partners by providing essential operational tools [6] Enhanced Platform Capabilities - TakeOut7's platforms have generated over $300 million in trackable sales for restaurant clients and will expand Giftify's restaurant network to over 185,000 establishments [8] - The acquisition is expected to provide immediate access to a POS dealer network of over 50 sales offices across the U.S. [8] Financial Impact and Integration - TakeOut7's platforms generate an average revenue of $2,500 per restaurant annually, and the acquisition is anticipated to positively impact Giftify's financial performance immediately upon integration [9][10] - Giftify plans to leverage its existing restaurant relationships to accelerate the growth of TakeOut7's dual-platform solution [10]

Core Insights - Giftify, Inc. has launched a Buy Now, Pay Later (BNPL) payment option for CardCash.com through a partnership with Zip Co, enhancing customer flexibility in gift card purchases [1][2][3] Group 1: Company Overview - Giftify, Inc. operates CardCash.com and Restaurant.com, focusing on the incentives and rewards industry [9][10] - CardCash.com is a leading secondary gift card exchange platform, allowing consumers to buy and sell gift cards [10] Group 2: BNPL Integration - The BNPL option allows customers to split gift card purchases into installments at checkout, making it more accessible for shoppers [2][4] - This payment model is particularly appealing to Millennials and Gen Z consumers, who prefer alternatives to traditional credit [2][3] Group 3: Strategic Goals - The integration of BNPL aligns with Giftify's strategic vision to expand payment options and enhance customer experience [3] - The company aims to help customers maximize savings during financial constraints by combining gift card discounts with flexible payment options [5]

Core Viewpoint - Giftify, Inc. has launched a Buy Now, Pay Later (BNPL) payment option for CardCash.com through a partnership with Zip Co, enhancing customer accessibility and flexibility in gift card purchases [1][2][3] Group 1: Company Overview - Giftify, Inc. operates CardCash.com and Restaurant.com, focusing on the incentives and rewards industry [1][9] - CardCash.com is a leading secondary gift card exchange platform, allowing consumers to buy and sell gift cards [10] Group 2: BNPL Integration - The BNPL option allows customers to split gift card purchases into easy payments at checkout, making it more accessible for shoppers [1][4] - This payment model is particularly appealing to Millennials and Gen Z consumers, who prefer alternatives to traditional credit [2] - The integration aims to help customers manage cash flow while maximizing savings during financial constraints [2][3] Group 3: Strategic Goals - The partnership with Zip aligns with Giftify's strategic vision to expand payment options and enhance customer experience [3] - By offering BNPL, the company aims to strengthen its position in the gift card marketplace and better serve its customers [3][5] Group 4: Customer Benefits - CardCash users can save up to 35% on everyday brands, and the new payment option further enhances the value proposition [5] - The BNPL integration is designed to empower customers to access discounts while enjoying the flexibility to pay over time [4][5]

Financial Performance - For the three months ended March 31, 2025, net sales were $22,277,013, an increase from $21,521,894 in the same period of 2024, representing a growth of 3.5%[145] - CardCash's net sales for the three months ended March 31, 2025, were $21,867,114, compared to $21,160,007 for the same period in 2024, reflecting an increase of 3.3%[146] - Restaurant.com reported net sales of $409,899 for the three months ended March 31, 2025, up from $361,886 in the same period of 2024, marking a growth of 13.2%[147] - Gross profit for the three months ended March 31, 2025, was $3,581,636, compared to $3,257,276 for the same period in 2024, indicating an increase of 9.9%[145] - The gross margin for CardCash improved to 14.7% for the three months ended March 31, 2025, up from 13.8% in the prior year period[146] Operating Expenses and Losses - Total operating expenses increased to $6,749,301 for the three months ended March 31, 2025, from $6,200,695 in the same period of 2024, an increase of 8.8%[151] - The loss from operations for the three months ended March 31, 2025, was $3,167,665, compared to a loss of $2,943,419 for the same period in 2024, reflecting a deterioration of 7.6%[155] - The company reported a net loss of $3,217,332 for the three months ended March 31, 2025, compared to a net loss of $3,190,720 for the same period in 2024, indicating a slight increase in net loss[158] - Modified EBITDA for the three months ended March 31, 2025, was $(626,320), an improvement from $(657,889) in the same period of 2024, reflecting adjustments for various non-cash items[161] Cash Flow and Liquidity - Cash used in operating activities for the three months ended March 31, 2025, was approximately $1,448,924, a significant increase from $6,636 in the same period of 2024[176][178] - The company had cash of $2,121,814 available to fund operations as of March 31, 2025, with a negative working capital of $2,075,999[138] - The company anticipates its cash balance will last until approximately December 2025, indicating potential liquidity challenges ahead[171] - The company has experienced operating losses and negative operating cash flows during 2024 and 2023, raising substantial doubt about its ability to continue as a going concern[140] Debt and Financing - Interest expense decreased to $209,571 for the three months ended March 31, 2025, from $247,301 in the same period of 2024, a reduction of 15.3%[156] - The company has a revolving line of credit with availability of up to $10,000,000, with an average interest rate of 12% as of March 31, 2025[183] - The company issued two-year promissory notes totaling $1,500,000 as partial consideration for the acquisition of CardCash, with an outstanding principal balance of $750,000 as of March 31, 2025[185] - The company entered into a secured promissory note with Real World Digital Assets LLC for $1,000,000, bearing annual interest of 11.5%, with a maturity date of December 31, 2025[186] - The Company received a total of $650,000 in Economic Injury Disaster Loans (EIDL) under the Covid-19 program, with $150,000 received on June 17, 2020, and an additional $350,000 on July 14, 2021[187] - The loans bear an interest rate of 3.75% per annum, with a combined repayment of principal and interest of $3,500 per month starting 12 months from the date of the promissory note over a period of 30 years[188] - As of December 31, 2024, the note payable had a principal balance outstanding of $664,500 and accrued interest payable of $15,558[188] - As of March 31, 2025, the note payable remained at a principal balance of $664,500, with accrued interest payable reduced to $8,638[189] Off-Balance Sheet Arrangements and Reporting - The Company did not have any off-balance sheet arrangements as of March 31, 2025, and December 31, 2024[190] - The Company is classified as a smaller reporting company and is not required to provide certain market risk disclosures[191]

Core Insights - Giftify, Inc. is experiencing significant growth in transaction volume through its subsidiary CardCash.com during the sports playoff season, with a 21% increase in unique customers and a 13% rise in order volume compared to pre-playoff periods [3][4] - The platform is offering substantial discounts, including up to 37% off NBA Store cards, which is attracting fans looking to purchase team merchandise at reduced prices [2][4] - The increase in user activity is not only driving immediate revenue but also expanding the user base with highly engaged consumers [4][5] Company Performance - CardCash.com has seen notable increases in gift card usage, with Nike gift card usage up 12%, Dick's Sporting Goods up 27%, and REI up 26% compared to the previous 28-day average [3] - The flexibility of CardCash.com to adjust marketplace offerings according to seasonal trends provides a competitive advantage in the gift card marketplace [3][4] - The current transaction volume growth aligns with record-breaking sports viewership and merchandise sales across major leagues, indicating a strong market position [4][7] Industry Trends - The NBA playoffs are averaging 4,448,000 viewers, a 13% increase from last year, contributing to heightened consumer spending on sports merchandise [7] - MLB has recorded its largest attendance in seven years with over 71 million fans in 2024, while its streaming platform set a new high of 14.5 billion minutes watched [7] - NHL merchandise sales are also surging, with a growing preference for online shopping among fans [7]

Core Insights - Giftify, Inc. is strategically expanding its use of Artificial Intelligence (AI) tools to enhance operational efficiency and decision-making processes across its operations [1][5]. Group 1: AI Implementation - The company has been implementing practical AI systems across multiple departments, focusing on operational improvements that enhance productivity and performance [2]. - In the marketing department, CardCash has deployed an AI tool that automates the review of customer communications, improving clarity and tone consistency while reducing the need for multiple team members in the review process [3]. - Advanced AI models are being utilized in customer support to analyze service tickets, allowing for the identification of recurring issues and trends, which helps prioritize impactful improvements [4]. Group 2: Operational Excellence - The AI implementation strategy is aimed at operational excellence, eliminating inefficiencies in background processes and allowing teams to focus on strategic problem-solving [5]. - The systematic expansion of AI capabilities is a core component of the company's operational efficiency initiatives, aimed at reducing costs and enhancing scalability while maintaining service quality [5]. Group 3: Future Plans - CardCash plans to continue developing targeted AI solutions throughout 2025, prioritizing tools that enhance speed, accuracy, and productivity across all operational departments [5].

Core Insights - Giftify, Inc. is leveraging its CardCash.com platform to provide financial solutions for travelers facing rising travel costs due to increased demand and higher prices across various travel segments [1][2][5] Industry Overview - The U.S. Travel Association reports record-breaking travel activity, with projections of 19 million Americans taking cruises in 2025 and airlines expecting to carry over 5 billion passengers globally [2] - Travel prices have significantly increased compared to pre-pandemic levels, prompting consumers to seek cost-efficient travel solutions [2] Company Strategy - CardCash.com offers discounted gift cards for major travel brands, providing savings of approximately 7% on Carnival Cruise, 15% on Hilton Hotels, and up to 4.5% on American Airlines [3] - The use of discounted gift cards is gaining recognition as an effective strategy for reducing travel expenditures at the point of sale [3][4] Expert Validation - Industry expert Eric Rosen from The Points Guy endorses discounted gift cards as a "tremendous deal" for travelers, enhancing the credibility of CardCash.com's business model [4] Consumer Experience - Travelers have reported positive experiences and savings through CardCash.com, highlighting the platform's ease of use and immediate cost reductions on travel expenses [5][9]