Financial Highlights - Q4 2024 net sales increased to $24.18 million, a 4.18% increase compared to Q3 2024 net sales of $23.21 million [6] - Q4 2024 gross profit improved by $645,785, or 21.59%, to $3.64 million compared to Q4 2023 gross profit of $2.99 million [6] - Full year 2024 net sales increased to $88.93 million, a 2.05% increase compared to full year 2023 net sales of $87.15 million [6] - Full year 2024 gross profit improved by $2.64 million, or 25.10%, to $13.14 million compared to full year 2023 gross profit of $10.51 million [6] - Full year 2024 gross margin improved to 14.78% compared to full year 2023 gross margin of 12.06% [6] Strategic Developments - Successful acquisition of CardCash.com completed on December 29, 2023, enhancing Giftify's market profile [6] - Company successfully listed on the Nasdaq Capital Market on August 6, 2024 [6] - Corporate rebranding from RDE, Inc. to Giftify, Inc. effective October 28, 2024 [6] - Expanded leadership team with the appointment of Steve Handy as Chief Financial Officer in August 2024 [6] Management Commentary - The company experienced a transformative year in 2024, focusing on operational improvements and profitability [5] - The dual business model positions the company well for growth in the U.S. gift card market, projected to reach $400 billion by 2026 [5] - The strategy includes growing both CardCash.com and Restaurant.com platforms, enhancing brand awareness, and expanding retail partnerships [5]

Core Insights - Giftify, Inc. is leveraging its gift card marketplace to help consumers manage rising food costs, particularly due to record-high egg prices and inflation in the grocery and restaurant sectors [1][2][4] Group 1: Company Overview - Giftify, Inc. operates CardCash.com and Restaurant.com, focusing on the incentives and rewards industry [6] - CardCash.com is a leading secondary gift card exchange platform, allowing consumers to buy and sell gift cards [6] - Restaurant.com is the largest restaurant-focused digital deals brand in the U.S., offering thousands of dining, retail, and entertainment deals [6] Group 2: Market Conditions - The average price for a dozen eggs reached $4.95 in January, with forecasts predicting a 41% increase this year due to supply chain disruptions from a bird flu outbreak [3] - The bird flu led to the culling of 18.8 million hens in January, significantly impacting egg supply and prices [3] - Rising food costs are also attributed to increased tariffs, labor shortages, and transportation costs, creating a challenging environment for consumers [4] Group 3: Consumer Solutions - Discounted gift cards provide immediate savings for consumers on groceries and dining, helping to offset rising prices [2][5] - CardCash.com offers discounts at major grocery retailers like Giant Foods, Kroger, and Trader Joe's, as well as popular restaurants such as IHOP and Olive Garden [4] - The platform aims to alleviate financial strain on households by providing practical tools for cost reduction during periods of food inflation [5]

Core Insights - Giftify, Inc. is leveraging its gift card marketplace to help consumers manage rising food costs, particularly due to record-high egg prices and overall inflation in grocery and restaurant sectors [1][2][4] Industry Overview - The average price for a dozen eggs reached $4.95 in January, with forecasts suggesting a potential increase of over 41% this year due to supply chain disruptions caused by a bird flu outbreak that led to the culling of 18.8 million hens [3] - Restaurants are responding to increased ingredient costs by adjusting their menus, with chains like Waffle House and Denny's implementing surcharges on egg-based dishes [3][4] Company Strategy - Giftify's CardCash.com offers discounted gift cards for major grocery retailers and popular restaurants, providing consumers with immediate savings to offset rising food prices [4][5] - The platform includes discounts for grocery stores such as Giant Foods, Kroger, and Trader Joe's, as well as dining options at restaurants like IHOP, Texas Roadhouse, and Olive Garden [4][5] Consumer Impact - Discounted gift cards are positioned as a practical tool for consumers to reduce food expenses during a period of inflation, allowing them to maintain their shopping and dining habits without significant changes [4][5]

Core Insights - The company has reported a significant increase in gift card sales due to a smart savings program for GLP-1 diabetes and weight loss medications, driven by consumer demand for cost-saving healthcare solutions [1][3] - CardCash.com, the company's secondary gift card exchange platform, saw a remarkable 916% week-over-week increase in the face value of gift cards sold at major pharmacy retailers [2] - The company has increased its inventory levels to meet the growing demand for pharmacy gift cards, ensuring competitive discount rates while supporting healthcare accessibility [3][4] Sales and Inventory Growth - The surge in sales is attributed to innovative savings opportunities for high-cost prescription medications like Ozempic and Zepbound, alongside increased demand for seasonal health products [2][4] - CVS inventory levels grew by 120% year-over-year, while Walgreens inventory experienced a 736% increase [8] Strategic Focus - The company emphasizes its pharmacy gift card program to address the need for affordable access to newer treatment options, supporting broader healthcare accessibility [4] - The CEO highlighted that the growth in sales validates the company's strategic expansion into the healthcare sector [3]

Core Insights - Giftify, Inc. is expanding its CardCash.com platform into the sports retail sector to provide cost-saving solutions for consumers ahead of the 2025 MLB season [1][5] - The average cost for a family of four to attend a baseball game has risen to $152, with premium seats increasing by up to 38.8% [2] - CardCash.com offers discounted gift cards from major retailers, allowing families to save on tickets and merchandise, with potential savings of 10-20% [3][4] Group 1: Company Strategy - The expansion into the sports retail sector is part of the company's strategic growth initiative for 2025 [1] - The platform allows consumers to purchase discounted gift cards and monetize unused gift cards, creating a financial ecosystem for sports fans [4][5] - The initiative aims to engage consumers in high-frequency spending categories, enhancing recurring engagement with the platform [5] Group 2: Market Context - Rising ticket prices are prompting fans to seek savings, with the average cost of attending a game significantly increasing [2] - Families can save over $30 on tickets by using discounted gift cards purchased through CardCash.com [3] - The company encourages fans to exchange unused gift cards for cash or store credit, promoting a culture of maximizing value from existing resources [4][5]

Core Insights - Giftify, Inc. is expanding its CardCash.com platform into the sports retail sector to provide cost-saving solutions for consumers ahead of the 2025 MLB season [1][5] - The average cost for a family of four to attend a baseball game has risen to $152, with premium seats increasing by up to 38.8% [2][3] - CardCash.com offers discounted gift cards from major retailers, allowing families to save 10-20% on tickets and merchandise [4][5] Company Strategy - The initiative aims to help sports fans save on tickets, apparel, and game-day essentials, aligning with the company's strategic growth for 2025 [1][5] - The platform allows users to monetize unused gift cards, creating a financial ecosystem for sports enthusiasts [4][5] - The CEO emphasizes the importance of utilizing old gift cards to enhance the fan experience at ballparks [5] Market Context - Rising ticket prices are prompting fans to seek savings without sacrificing their enjoyment of the sport [4] - The company positions itself as a leader in the incentives and rewards industry, focusing on high-frequency consumer spending categories [5][6]

Core Insights - CardCash.com, owned by Giftify, Inc., is introducing cost-effective solutions for high-demand GLP-1 weight loss medications, addressing the growing prescription drug market [1][6][7] Group 1: Company Initiatives - CardCash.com is leveraging discounted pharmacy gift cards from major retailers like CVS and Walgreens to help consumers manage rising out-of-pocket expenses for GLP-1 medications [2][5] - The initiative aligns with national efforts to improve healthcare affordability, contributing to the dialogue on making essential medications more accessible [3][6] - The platform allows users to combine discounted gift cards with manufacturer savings programs and prescription discount services, enhancing overall savings [5][6] Group 2: Market Demand and Consumer Feedback - There is a growing market demand for GLP-1 medications such as Ozempic, Mounjaro, and Wegovy, which presents a significant opportunity for CardCash.com [6][7] - Consumer feedback indicates positive financial impacts, with users reporting savings on medications purchased through the platform [4][6] Group 3: Strategic Focus - The initiative reflects Giftify's strategic focus on expanding digital savings platforms into high-growth consumer markets, particularly in healthcare [7]

Core Insights - The company has successfully implemented enterprise-wide AI solutions, resulting in significant operational efficiencies and cost reductions, while laying a foundation for enhanced customer engagement and sustainable growth [1][2] Group 1: AI Implementation and Results - The marketing and sales teams have utilized advanced AI models to optimize email and social media campaigns, leading to improved ROI and reduced operational costs [2] - AI-driven sales outreach has enhanced customer relationship management, resulting in increased conversion rates and improved operational efficiency [2] - The proprietary AI-powered customer service platform has achieved a 40% reduction in response times and a 20% decrease in support-related email volume, along with measurable improvements in customer satisfaction metrics and enhanced team productivity [6] Group 2: Company Overview - Giftify, Inc. is a leader in the incentives and rewards industry, operating platforms such as CardCash.com and Restaurant.com, which connect consumers with dining, retail, and entertainment deals [3] - CardCash.com serves as a secondary gift card exchange platform, while Restaurant.com is the largest restaurant-focused digital deals brand in the nation, offering thousands of options at over 184,000 restaurants and retailers [3]

Core Viewpoint - Giftify, Inc. has announced the cancellation of its equity line of credit (ELOC) and the termination of a common stock purchase agreement with an institutional investor, reflecting a strategic decision in its financial management [1][2]. Company Overview - Giftify, Inc. operates leading digital platforms, CardCash.com and Restaurant.com, focusing on incentives and rewards in retail, dining, and entertainment experiences [3]. - CardCash.com serves as a secondary gift card exchange platform, enabling consumers and retailers to buy and sell gift cards [3]. - Restaurant.com is recognized as the largest restaurant-focused digital deals brand in the U.S., connecting consumers with thousands of dining, retail, and entertainment deals across over 184,000 locations [3]. Financial Decisions - The company entered into a common stock purchase agreement on December 16, 2024, allowing it to sell up to $10,000,000 of newly issued shares, which has now been mutually terminated as of February 4, 2025 [2].

Core Insights - Giftify, Inc. is focusing on strategic growth initiatives for Restaurant.com, aiming to enhance shareholder value and re-activate its user base [1][2] - The Corporate Incentives division is a key area for expansion, with plans to hire additional sales and marketing personnel to drive growth [2][6] Company Overview - Giftify, Inc. operates digital platforms CardCash.com and Restaurant.com, specializing in incentives and rewards in retail, dining, and entertainment [3] - Restaurant.com is the largest restaurant-focused digital deals brand in the U.S., offering deals at over 184,000 restaurants and retailers [2][3] Strategic Growth Initiatives - The company aims to re-activate its past registered users, which numbered around 10 million during its peak [2] - Plans include expanding the Corporate Incentives segment, which has already shown success through various campaigns [2][6] - Additional strategies involve enhancing user engagement through personalized deal recommendations and increasing activity among existing restaurants on the platform [6]