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WEST PALM BEACH, Fla.--(BUSINESS WIRE)--PSQ Holdings, Inc. (NYSE: PSQH) ("PublicSquare†or the "Company†) announced today that it has entered into a definitive agreement with an existing fundamental institutional investor for the purchase and sale of an aggregate of 6,818,184 shares of its Class A common stock (or pre-funded warrants in lieu thereof) and accompanying warrants to purchase up to an aggregate of 8,522,730 shares of Class A common stock (the "Shares†) at a combined purchase price p. ...

Core Insights - PublicSquare is acquiring key software assets from Tandym to enhance its fintech ecosystem, focusing on virtual and private label credit cards [1][2][3] Acquisition Details - The acquisition is a strategic move to evolve PublicSquare into a full-stack fintech platform, expected to close in December 2025 [2] - The deal involves Class A Common Stock valued at $5.75 million and up to $1.0 million in cash [11] Financial and Strategic Impact - The acquisition will enable brands within PublicSquare's network to launch fully branded payment and credit card programs, reducing processing fees to under 1% [5][6] - It is projected to increase Lifetime Value (LTV) by over 25% and unlock new recurring revenue through interchange participation [5] - The integration is expected to enhance merchant retention and create a closed-loop payments environment, improving underwriting and loyalty analytics [5][6] Technology and Integration - Tandym's technology allows merchants to issue digital store cards under their brand, ensuring a consistent customer experience [10] - The platform integrates with major e-commerce platforms like Shopify and Klaviyo, facilitating seamless adoption and creating network effects [9][10] Market Positioning - The acquisition positions Tandym as a branded-payments layer for the next generation of commerce, addressing merchant margin compression and rising customer acquisition costs [8][9] - PublicSquare aims to transform payments into a high-margin growth engine for its merchant partners, focusing on values-aligned relationships [3][7]

Financial Performance - For the three months ended September 30, 2025, the company's net loss was $12.0 million, a decrease of $1.1 million compared to a net loss of $13.1 million for the same period in 2024[133]. - For the nine months ended September 30, 2025, the net loss was $24.8 million, down $12.1 million from $36.9 million in the same period in 2024, driven by a $4.3 million increase in revenues[133]. - The net loss for the three months ended September 30, 2025, was $11,982,888, a 9% improvement compared to a net loss of $13,137,549 in the same period in 2024[161]. - The company reported net losses of $24.8 million for the nine months ended September 30, 2025, compared to $36.9 million in 2024[182]. - Non-GAAP operating loss for the nine months ended September 30, 2025, was $7.8 million, compared to $0.5 million in 2024[191]. Revenue and Growth - For the three months ended September 30, 2025, revenues increased to $4,404,861, a 37% increase compared to $3,207,408 in the same period in 2024[161]. - For the nine months ended September 30, 2025, revenues increased to $10,887,521, a 66% increase compared to $6,552,433 in the same period in 2024[162]. - The company expects increased revenues from investments in its FinTech segment in the medium term, despite short-term negative cash flow impacts[183]. Gross Merchandise Volume (GMV) - Gross merchandise volume (GMV) for the Financial Technology segment was $11.0 million for the three months ended September 30, 2025, representing a 29% decrease compared to $15.5 million in 2024[153]. - GMV for the nine months ended September 30, 2025, was $33.2 million, a 27% decrease from $45.7 million in the same period in 2024[154]. - The company's top five merchants represented approximately 58% of total GMV - Credit for the nine months ended September 30, 2025, up from 42% in the same period in 2024[155]. - GMV - Credit declined year-over-year due to a slowdown in the firearm retail industry, with some merchant partners reporting sales down more than 20% year-over-year[156]. - PSQ Payments generated $89.2 million in GMV for the three months ended September 30, 2025, representing a 100% change compared to zero in the same period in 2024[158]. Expenses and Cost Management - Cost of revenue (exclusive of depreciation and amortization) increased by 1284% for the three months ended September 30, 2025, attributed to an increase in transaction fees from the launch of PSQ Payments[166]. - General and administrative expenses decreased by $2.3 million, or 22%, for the three months ended September 30, 2025, due to reductions in share-based compensation and operating costs[168]. - Research and development expenses increased by $0.8 million, or 204%, for the three months ended September 30, 2025, driven by increased employee compensation[172]. - Research and development expenses are anticipated to increase in absolute dollars as the company focuses on developing its PSQ Payments and PSQ Impact ecosystems[144]. - The company expects operating expenses to increase in absolute dollar amounts but decline as a percentage of revenue over time due to cost-saving measures[141]. Cash Flow and Financing - Net cash used in operating activities decreased by $9.8 million to $17.4 million for the nine months ended September 30, 2025, compared to $27.1 million in 2024[186]. - Net cash used in investing activities increased to $7.7 million for the nine months ended September 30, 2025, from $0.9 million in 2024[187]. - Net cash provided by financing activities decreased to $0.8 million for the nine months ended September 30, 2025, compared to $17.3 million in 2024[188]. - The company had aggregate unrestricted cash and cash equivalents of $10.6 million as of September 30, 2025, down from $33.6 million at the end of 2024[182]. - The company may need to pursue additional equity raises and debt financing to support future capital requirements[184]. Strategic Initiatives - A strategic repositioning was announced on August 12, 2025, focusing on accelerating growth in the FinTech segment and monetizing the Brands segment[132]. - The company is expanding into new retail verticals and developing innovative financial products to strengthen future growth[157]. - The company appointed Caitlin Long to its Board of Directors on July 28, 2025, enhancing its expertise in digital assets and financial technology[131]. Market Trends - U.S. firearm sales fell for the fourth consecutive year in 2024, totaling approximately 15.2 million adjusted background checks, a 3.5% decline from 2023[156]. - The company recorded a $0.7 million increase in interest income earned for the nine months ended September 30, 2025[133]. - Interest expense, net increased by $1.2 million for the nine months ended September 30, 2025, compared to the same period in 2024[180].

Financial Data and Key Metrics Changes - The company reported net revenue from continuing operations of $4.4 million for Q3 2025, a 37% year-over-year increase compared to $3.2 million in Q3 2024 [8] - The net loss for the quarter was $12 million, improving from a loss of $13.1 million in Q3 2024, with a per share loss of $0.26, a 37% improvement from $0.41 per share in the prior year [11] - Operating expenses decreased by 13% compared to the prior year period, with general and administrative expenses reduced by $2.3 million, or 22.3% [5][10] Business Line Data and Key Metrics Changes - FinTech revenue increased by 28% quarter over quarter, with payments revenue up 50% and credit revenue up 22% [4] - The FinTech segment earned $4.4 million in net revenue, a 37% increase year-over-year, with $1.5 million from PSQ Payments, marking a 50% increase from Q2 2025 [9] - Credit business revenue increased by $500,000, or 22% quarter over quarter, reaching $2.9 million in Q3 [9] Market Data and Key Metrics Changes - The company is expanding its FinTech platform with new services, including private label credit cards and crypto payment capabilities, to capture significant market opportunities [6] - The company has seen a diverse range of merchants joining its FinTech offering, expanding beyond niche markets [33] Company Strategy and Development Direction - The company is focused on streamlining its operations and doubling down on its FinTech charter, aiming to build a parallel economic ecosystem [17] - The strategy includes leveraging AI and proprietary economic modeling to enhance its bundled checkout offerings [17] - The company anticipates a strong Q4 driven by the Christmas shopping season and plans to launch new initiatives, including a fundraising platform [18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to maintain operational discipline while scaling the business, aiming for long-term shareholder value [16] - The company is optimistic about the upcoming Christmas shopping season and expects to exceed expectations in Q4 [17] Other Important Information - The company is in the process of monetizing its brand segment and anticipates reaching a purchase agreement by the end of Q4 2025 [13] - Cash and restricted cash as of September 30, 2025, totaled $12.3 million, with net cash used for operating activities decreasing by $9.7 million year-to-date [12] Q&A Session Summary Question: Can you talk about the bundling and its impact on retention? - Management noted that the majority of enterprise clients utilize bundled services, enhancing retention due to deeper integration into clients' operations [20][21] Question: What is the basis for the 2026 revenue guidance? - The guidance is based on existing products and conservative projections, with new verticals not heavily factored in [24][25] Question: What is driving the momentum in top-line growth? - The majority of growth is attributed to new customer acquisition and improved onboarding efficiency [28][29] Question: How is management balancing new initiatives with achieving steady earnings? - Management emphasized a focus on operating efficiency and execution to drive revenue while reducing losses [35][36] Question: Update on monetization efforts and crypto initiatives? - Management confirmed progress on monetizing EveryLife and establishing a treasury via a partnership with IDX, with updates expected in Q4 [39][40]

Revenue Performance - Net revenue for Q3 2025 was $4.4 million, a 37% increase from $3.2 million in Q3 2024[5] - Fintech revenue increased by 28%, credit revenue by 22%, and payments revenue by 50% quarter over quarter[1] - Revenues for the three months ended September 30, 2025, were $4,404,861, representing a 37.3% increase from $3,207,408 in the same period of 2024[19] - Fourth quarter 2025 revenue is expected to be approximately $6.0 million, with payments at $2.4 million and credit at $3.6 million[12] - Full year 2026 revenue guidance is set at greater than or equal to $32.0 million[12] Operating Expenses and Losses - Operating expenses decreased by $1.7 million, or 13%, compared to the prior year period[5] - Operating loss for the three months ended September 30, 2025, was $(9,696,099), slightly better than the $(10,261,973) loss reported for the same period in 2024[19] - The net loss for the nine months ended September 30, 2025, was $24,796,213, compared to a net loss of $36,949,626 for the same period in 2024, indicating a 32.8% improvement[20] - GAAP operating loss for the nine months ended September 30, 2025, was $(24,213,839), a decrease from $(32,320,280) in the same period of 2024, showing a 25.1% improvement[28] - Non-GAAP operating loss for the nine months ended September 30, 2025, was $(7,801,292), compared to $(539,570) in 2024, indicating a significant increase in losses[28] Cash and Cash Equivalents - As of September 30, 2025, cash and cash equivalents totaled $12.3 million[11] - Cash and cash equivalents at the end of the period were $12,336,372, up from $5,675,766 at the end of September 30, 2024[20] - Cash used in operating activities for the nine months ended September 30, 2025, was $(17,368,971), an improvement from $(27,127,434) in the same period of 2024[20] - Net cash used in operating activities improved to $(4,705,036) from $(5,506,495), reflecting a 14.5% reduction in cash outflow[24] - Net cash used in investing activities decreased significantly to $(347,596) from $(2,103,773), a reduction of 83.5%[24] Research and Development - The company incurred research and development expenses of $1,241,669 for the three months ended September 30, 2025, compared to $408,313 in the same period of 2024, reflecting a 204.5% increase[19] Share-Based Compensation - The company reported share-based compensation of $7,975,726 for the nine months ended September 30, 2025, compared to $16,855,006 for the same period in 2024, indicating a decrease of 52.7%[20] - Share-based compensation expense for the nine months ended September 30, 2025, was $(7,975,726), down from $(15,967,598) in 2024, reflecting a 50.1% decrease[28] Assets and Liabilities - Total current assets held for sale increased to $9,597,933 from $6,421,907, representing a 49.5% increase year-over-year[23] - Total liabilities held for sale rose to $3,643,938, up from $1,772,147, indicating a 105.0% increase compared to the previous year[23] - Total assets held for sale decreased to $9,597,933 from $11,484,149, a decline of 16.4%[23] Future Plans and Developments - The company plans to expand its fintech platform with new services, including private-label credit cards and crypto payment capabilities[4] - The company is engaged in monetizing its Brands and Marketplace segments, with a sales process expected to reach agreement by the end of Q4 2025[9] Deferred Revenue - Deferred revenue increased significantly to $1,839,524 from $53,671, marking a substantial growth of 3,327.5%[23]

Core Insights - EveryLife Women is launched as a premium feminine care line aimed at supporting women with dignity and integrity, expanding the company's mission beyond baby products [1][5] - The product line emphasizes purity and sustainability, utilizing 100% GOTS-certified organic cotton and dermatologist-tested designs [2][9] - The CEO of EveryLife highlights the importance of honoring women's unique design and the intentionality behind the product offerings, which cater to women from their first period through motherhood [3][6] Product Offerings - The EveryLife Women product line includes organic tampons, organic pads, period underwear, and a postpartum recovery bundle [4][9] - Organic tampons are made with 100% GOTS-certified organic cotton and are free from chlorine, rayon dyes, and fragrance [9] - Organic pads feature GOTS-certified organic cotton top sheets and are dermatologist-tested and hypoallergenic [9] - Period underwear is designed for comfort with a bamboo viscose top layer and a leakproof, washable design [9] - The postpartum recovery bundle is tailored to support mothers during recovery, including breathable period underwear and heavy absorbency pads [9] Company Background - EveryLife is recognized as America's fastest-growing pro-life diaper brand and the first pro-life diaper company [7] - The company has been operational since July 2023 and has established itself as a trusted choice for parents seeking quality and purpose-driven products [7] - EveryLife actively supports life-affirming organizations by providing essential baby items to crisis pregnancy centers [7]

Core Points - PublicSquare held its 2025 Analyst and Investor Day, emphasizing the importance of the information shared during the meeting, which includes forward-looking statements that involve risks and uncertainties [1][2] - The company highlighted that it has no obligation to update forward-looking statements based on new information or future events, and encouraged attendees to refer to their SEC filings for more details [2] - Key speakers at the event included Michael Seifert, Founder and CEO, and James Rinn, Chief Financial Officer, along with other executives participating virtually [3]

Summary of PublicSquare 2025 Investor Day Company Overview - **Company**: PublicSquare (NYSE: PSQH) - **Event**: 2025 Investor Day held on September 25, 2025 - **Key Speakers**: Michael Seifert (Founder and CEO), James Rinn (CFO), Dusty Wunderlich (Chief Strategy Officer), Brian Billingsley (Chief Revenue Officer), Caitlin Long (Board Member), Alex Brusewitz (President of PSQ Impact), Ben McMillan (Founder and CIO of IDX Advisors) [1][2] Core Industry Insights - **Industry**: Financial Technology (Fintech) - **Target Audience**: PublicSquare serves a diverse customer base, including consumers, merchants, campaigns, and charities, particularly those who have faced discrimination or debanking [5][6] - **Market Dynamics**: The fintech sector is experiencing a paradigm shift, with traditional financial institutions struggling to meet evolving consumer expectations for speed, transparency, and trust [7][8] Key Themes and Strategies - **Mission Statement**: PublicSquare aims to protect life, family, and liberty through values-driven innovation, focusing on economic liberty and trust in transactions [4][6] - **Cultural Moment**: The company is positioned to capitalize on a significant cultural shift towards fintech solutions, driven by consumer demand for faster, more personalized financial services [9][10] - **Wealth Transfer**: An estimated $84 trillion is expected to transfer from baby boomers to millennials and Gen Z over the next 20 years, creating opportunities for fintech companies that align with the values of these generations [30][31] Financial and Operational Highlights - **Fintech Focus**: PublicSquare is prioritizing fintech solutions, monetizing other assets to enhance its fintech capabilities [32][33] - **Payment Solutions**: The company offers a comprehensive payment stack, including debit and credit card processing, ACH transactions, and plans to integrate cryptocurrency payments [50][51] - **Credit Products**: PublicSquare has developed a robust credit platform designed for flexibility and compliance, catering to a wide range of credit profiles from sub-prime to super-prime [61][62] Regulatory and Political Context - **Debanking Issues**: The company has faced challenges related to government regulation and debanking, particularly affecting its subsidiary, Cordova, which serves the firearms industry [13][17] - **Government Accountability**: PublicSquare's leadership has emphasized the need for accountability in regulatory practices, particularly in light of past abuses of power by federal agencies [20][23] Future Outlook - **Integration of Digital Assets**: PublicSquare plans to integrate cryptocurrency as a payment method and offer Treasury as a Service software for merchants to manage digital assets [22][24] - **Commitment to Economic Freedom**: The company aims to ensure that financial services remain accessible to all Americans, advocating for the protection of constitutional rights in financial transactions [21][27] Additional Insights - **Community Engagement**: PublicSquare has built a grassroots movement with over 80,000 businesses and millions of consumers, emphasizing a cancel-proof promise to its partners [36][37] - **Technological Innovation**: The company is leveraging advanced technology and AI to enhance operational efficiency while maintaining a human touch in customer service [56][57] This summary encapsulates the key points discussed during the PublicSquare 2025 Investor Day, highlighting the company's strategic direction, market positioning, and commitment to financial freedom and innovation.

PublicSquare's Vision and Strategy - PublicSquare aims to lead the next era of finance through values-driven innovation, focusing on high-margin, low-capital growth[31] - The company is building a financial technology ecosystem committed to protecting life, family, and liberty through values-driven innovation[12] - PublicSquare is uniquely positioned to lead the next era of finance with high-margin, low-capital growth, leveraging Fintech Forward, Values as Foundation, Relationships for Distribution, and Proprietary Forecasting[31] - The company is building a fully integrated financial ecosystem that spans payments, credit, digital assets, and treasury services[85] - PublicSquare emphasizes the importance of values alignment, merchant-first relationships, and fintech innovation in one platform to create sticky adoption and pricing power[86] Market Opportunity and Paradigm Shift - $84 trillion in U S wealth is expected to shift from Boomers to Millennials and Gen Z by 2045, presenting a significant opportunity for PublicSquare[26] - The economy is changing due to evolving consumer expectations, tech disintermediation, and cultural realignment, creating opportunities for disruption[16] - Traditional banks and lenders are structurally slow and expensive, incentivized to protect existing business models, creating an opportunity for PublicSquare[20] - Merchants and consumers have been targets of discrimination, leading to a need for cancel-proof alternatives[23] - The company aims to lead a multi-trillion-dollar money-movement market[90] Financial Projections and Valuation - The company projects total Fintech revenue to be at least $32 million in 2026[103] - The company expects a market value of 1-2x TTM revenue of $134 million as of 9/30/25 from the EveryLife Marketplace divestiture[95] - A 10x blended revenue multiple is justified given market comparables[104] - The company projects $165 million in total Fintech revenue for 2025[103]