Core Viewpoint - PSQ Holdings, Inc. reported a quarterly loss of $0.40 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.34, indicating a negative earnings surprise of -17.65% [1] Financial Performance - The company posted revenues of $7.21 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 3.25%, but showing significant growth from $2.75 million in the same quarter last year [2] - Over the last four quarters, PSQ Holdings has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Stock Performance - Shares of PSQ Holdings have declined approximately 44.7% since the beginning of the year, contrasting with the S&P 500's decline of -4.8% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.25 on revenues of $8.3 million, and for the current fiscal year, it is -$0.98 on revenues of $36.67 million [7] Industry Outlook - The Internet - Commerce industry, to which PSQ Holdings belongs, is currently ranked in the top 21% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]

Acquisition and Mergers - PublicSquare completed a stock-for-stock transaction to acquire 100% of EveryLife, Inc. for 1,071,229 shares of common stock[19] - The merger with Credova Holdings, Inc. resulted in the issuance of 2,920,993 shares of Class A common stock to Credova stockholders[20] Product Offerings and Expansion - EveryLife's product offerings include diapers, wipes, soaps, lotions, and training pants, emphasizing high-performance and safety standards[38] - EveryLife is expanding its product line beyond diapers and wipes, introducing scented and unscented soaps and lotions, enhancing the baby care experience[50] - The company has launched training pants to support families during the potty-training stage, aiming to strengthen customer loyalty[51] - EveryLife plans to expand into feminine care and other mother-centric products, reinforcing its mission to serve women and families[51] - The introduction of branded D2C products under the "EveryLife" brand in 2023 is expected to expand and diversify offerings in response to market needs[73] - The company launched e-commerce functionality on the platform in November 2023 and introduced its first D2C product offerings under the "EveryLife" brand, including disposable diapers and wipes[190] - The company plans to expand and diversify its branded D2C offerings in response to significant existing market needs[190] Marketing and Consumer Engagement - EveryLife's "Buy For a Cause" program allows customers to donate essential products to families in need, enhancing community engagement[46] - As of February 28, 2025, EveryLife has over 1,300 ambassadors promoting the brand, leveraging grassroots marketing strategies[47] - PublicSquare's marketing strategy emphasizes values-aligned messaging and grassroots efforts to attract new customers[45] - The company is focused on increasing brand awareness and consumer engagement to drive platform usage and sales[126] - The reputations of ambassadors and influencers associated with the company are critical; any misalignment with core values could materially affect business reputation and results[139] - The company offers economic incentives to influencers and ambassadors to promote its platform, which may impact financial performance if growth assumptions are not met[142] Financial Technology and Services - The Financial Technology segment includes Credova, focusing on "Buy Now Pay Later" services for the outdoor and shooting sports industry[21] - The FinTech division includes Credova, which offers point-of-sale financing products, and PSQ Payments, launched on October 28, 2024, providing a payment processing solution[57] - Credova's platform allows merchants to offer a variety of financing options, promoting convenience and financial inclusivity for consumers[60] - The integrated financing and payments solution simplifies operations for merchants, potentially reducing costs and enhancing customer experience[71] - The company is focusing on connecting business owners with a suite of solutions, including advertising, financing, and payment solutions, to support small- and medium-sized American businesses[73] Competition and Market Challenges - The company competes with major players like Affirm and PayPal, focusing on underserved markets with complex regulatory needs[65] - The company faces significant competition for talent and may struggle to attract and retain skilled employees, which could impair its ability to meet customer demands[131] - The company operates in a highly competitive D2C market, facing barriers to entry and competition from established consumer packaged goods players[193] - Competition in the BNPL industry is intensifying, with new entrants and established companies posing challenges to the company's market share[210] - The company faces intense competition in the digital advertising space, competing against well-established companies with greater financial resources and larger user bases[182] Financial Performance and Risks - Credova incurred net losses of $57.7 million and $53.3 million for the years ended December 31, 2024 and 2023, respectively, while generating revenue of $23.2 million and $5.7 million for the same periods[109] - The anticipated expansion of operations may expose Credova to additional risks that could adversely affect operating results[101] - The consumer finance and BNPL industry is facing increased operational and compliance costs due to regulatory changes, impacting profitability[93] - The company has identified a material weakness in internal control over financial reporting, which could adversely affect investor confidence[101] - The company may require additional funding to finance operations, but adequate financing may not be available on acceptable terms, which could harm business growth[113] - The company anticipates significant additional investments will be required to scale operations and enhance productivity, which may increase costs and affect profitability[162] Operational Challenges - The company must effectively manage its growth and integrate new employees to maintain operational efficiency and morale[123] - Service disruptions and outages have previously occurred due to high demand, which could negatively impact consumer access to the platform and harm business operations[163] - The company relies on third-party cloud infrastructure, and any disruptions in these services could adversely affect business operations and financial results[166] - The company must manage its inventory effectively to avoid overstocking or understocking, which could impact operating results[199] - The company relies on third-party payment processors for transactions; any termination of these relationships could disrupt business operations and affect financial results[156] Regulatory and Compliance Issues - Credova's business is subject to significant regulatory scrutiny, which could materially and adversely affect its operations and financial condition[106] - The company faces risks related to compliance with various laws and regulations, which could lead to additional costs and operational challenges[198] - Regulatory changes affecting internet neutrality could decrease demand for the company's products and increase operating costs[171] Economic Factors - Inflationary pressures in the U.S. have not significantly impacted the company's operations for the years ended December 31, 2024 and 2023, and no material increase in cost of sales is anticipated for at least the remainder of 2025[111] - Economic and political conditions, including inflation and interest rates, could materially impact the company's operations and financial condition, leading to decreased consumer spending[159] Strategic Growth and Future Plans - The company plans to pursue value-enhancing acquisitions to capitalize on opportunities within its addressable market and expand its platform[77] - Future acquisitions are part of the company's growth strategy, but they carry risks such as integration difficulties and potential financial losses[200] - The company aims to expand operations both in the U.S. and internationally, and to enhance its product offerings, including e-commerce capabilities[118]

Economic Overview - All three major U.S. indexes have shown gains, with the Nasdaq Composite up 1%, S&P 500 up 0.86%, and Dow Jones Industrial Average up 0.91%, driven by positive economic data during a holiday-shortened trading week [1] - U.S. business activity in January has declined to its lowest level since April, with the S&P Global's flash U.S. Composite PMI Output Index falling to 52.4 from 55.4 in December, indicating a slowdown in expansion [2] - The labor market remains healthy, but new applications for unemployment benefits have reached a three-year high, with weekly jobless claims increasing by 6,000 to 223,000 and continuing claims rising by 46,000 to 1.899 million [3] Investment Performance - PSQ Holdings, Inc. has gained 80.2% since being upgraded to Zacks Rank 2 on November 16, outperforming the S&P 500's 3.8% increase [4] - KORE Group Holdings, Inc. has returned 20% since its upgrade to Zacks Rank 2 on November 22, compared to the S&P 500's 2.4% increase [5] - A hypothetical portfolio of Zacks Rank 1 stocks returned +22.3% in 2024, while the S&P 500 index returned +28% [6] Zacks Recommendations - Raymond James Financial, Inc. and StoneX Group Inc. have advanced 7.5% and 6.2% respectively since their Zacks Recommendations were upgraded [9] - The Zacks Recommendation system classifies stocks into three groups: Outperform, Neutral, and Underperform, based on earnings estimate revisions [11] Focus List and Model Portfolios - Palantir Technologies Inc. has gained 76.1% over the past 12 weeks since being added to the Zacks Focus List, while Axon Enterprise, Inc. has returned 37.3% [12] - The Zacks Focus List model portfolio returned +29.54% in 2023, outperforming the S&P 500 index's +26.28% return [15] - The Zacks Earnings Certain Admiral Portfolio (ECAP) returned +5.62% in November 2024, while the S&P 500 index returned +5.87% [17] Long-term Performance - The Zacks Top 10 portfolio has produced a cumulative return of +1,998% since 2012, significantly outperforming the S&P 500 index's +461.86% return [23]

The combination of a deteriorating global business environment and an overbought tech sector makes for an increasingly obvious opportunity to bet against the Nasdaq ( COMP:IND ). The (NYSEARCA: PSQ ) is a way to bet againstAnalyst’s Disclosure: I/we have a beneficial long position in the shares of PSQ either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no b ...

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock aliv ...

Financial Data and Key Metrics Changes - Net revenue increased by 222% to $6.5 million compared to Q3 2023, with $3.2 million from the Fintech segment and $2.6 million from EveryLife, which grew 126% year-over-year [25][26] - Overall gross margin expanded from 27% to 64% year-over-year, largely due to high-margin revenue from credit products in the Fintech segment [26] - Cash and cash equivalents at the end of Q3 2024 were $5.7 million, including $1 million in restricted cash [29] Business Line Data and Key Metrics Changes - PublicSquare Payments signed contracts with the potential for over $1 billion in annualized GMV, with the first enterprise merchant expected to process over $100 million annually [9][17] - The buy now, pay later segment facilitated $53 million in consumer financing transactions year-to-date, generating approximately $3.2 million in net revenue in Q3 2024 [19] - The Marketplace segment saw a 13% growth in order volume from Q2 2024 to Q3 2024 [20] - EveryLife brand revenue grew 14% quarter-over-quarter and 126% year-over-year, with a repeat customer rate of 76% [21] Market Data and Key Metrics Changes - The bulk of contracted volume in the payments segment comes from the shooting sports industry, with a strong representation from various industries due to a diverse merchant database [10] - Approximately 80% of the sales pipeline stems from existing buy now, pay later merchants or PublicSquare Marketplace merchants [18] Company Strategy and Development Direction - The company is shifting focus to Fintech opportunities, prioritizing payment infrastructure and transitioning to a B2B customer acquisition strategy [6][8] - A strategic reorganization reduced the workforce by over 35%, expected to save approximately $11 million annually and lower cash burn [14][31] - The company aims for all three segments—Marketplace, Fintech, and Brands—to achieve positive cash flows in 2025 [15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the economic environment following recent elections, anticipating growth driven by values alignment with the new administration [40][42] - The company plans to leverage its existing merchant base to generate organic customer growth while reducing acquisition costs [36][46] Other Important Information - The company completed a private placement for a $10 million convertible note and a PIPE of $5.35 million in early Q4 [29] - Stock-based compensation expense was $5.8 million in Q3, expected to remain significant as the company continues to grow [28] Q&A Session Summary Question: Impact of recent elections on business - Management feels optimistic about the economic environment and anticipates growth due to alignment with the new administration's values [40][42] Question: Clarification on Fintech pipeline figures - The $1 billion in expected GMV is entirely from existing merchants within the ecosystem, indicating a healthy pipeline [44][45] Question: Investment needs for Fintech goals - Minimal additional investment is needed as the majority of capital has already been allocated to product development and sales [48][49] Question: Context of $11 million cost savings - Cost savings are already being realized, with significant reductions in personnel and operational expenses [51][55] Question: Gross margins on Fintech products - The growth in gross margin from 27% to 64% is primarily due to the credit segment, while payment margins are expected to improve over time [56][60] Question: Merchant onboarding and consumer experience - Payments technology is utilized on merchants' own websites, while the consumer experience on the Marketplace remains unchanged [63][67] Question: Main selling points for merchants to switch to the company - The cancel-proof promise and secure technology are major selling points, particularly for merchants in reputationally risky industries [76][78]

PSQ Holdings, Inc. (PSQH) came out with a quarterly loss of $0.41 per share versus the Zacks Consensus Estimate of a loss of $0.40. This compares to loss of $0.49 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.50%. A quarter ago, it was expected that this company would post a loss of $0.30 per share when it actually produced a loss of $0.28, delivering a surprise of 6.67%.Over the last four quarters, the company has surpas ...

Financial Data and Key Metrics - Net revenue in Q2 2024 increased by 1,030% compared to Q2 2023, while cash flow operating expenses rose by only 49% [5] - Net revenue increased by 73% quarter-over-quarter to $6 million in Q2 2024, up from $3.5 million in Q1 2024 [6] - Gross margin improved to 67% in Q2 2024, compared to 43% in Q1 2024 [6] - The company generated $7,000 in revenue in 2021, $475,000 in 2022, $5.7 million in 2023, and $6 million in Q2 2024 alone [8] Business Line Data and Key Metrics - The marketplace, launched in July 2022, has helped millions of Americans find small businesses with impactful stories and high-quality products [9] - EveryLife, the pro-life and pro-family baby brand, generated over $7.5 million in sales in its first 12 months and donated over 1.5 million diapers through the Buy for a Cause program [10] - The company acquired Credova, a financial technology firm focused on supporting the gun industry, to build out its payments business under the PublicSquare brand [12][13] Market Data and Key Metrics - The company is targeting a family values-oriented, patriotic audience with initiatives like a branded digital wallet, user rewards, and financing options [14] - The payment stack, launched in August 2024, has over $200 million in annualized GMV in payments processing volume under contract, with a line of sight to $1 billion by the 2024 Christmas shopping season [15] Company Strategy and Industry Competition - The company is consolidating its branding, marketing, and product features under the PublicSquare name, sunsetting the Credova brand [13] - The company is focusing on cost savings, streamlined messaging, and more effective customer and merchant acquisition through reallocating and consolidating resources [14] - The company believes its stock is undervalued, trading at 6 times trailing 12-month sales compared to industry comps trading at 8 to 9 times forward-year sales [16][17] Management Commentary on Operating Environment and Future Outlook - The company is confident in its long-term vision and believes it has barely scratched the surface of its business potential [8] - Management is committed to executing with the long game in mind, with key executives and board members locking up their shares for another 12 months [18] - The company is more confident than ever in its business fundamentals and invites new investors to join its journey [18] Other Important Information - The company announced a $10 million convertible note investment to supercharge the launch of its payment stack [15] - The company does not believe the current stock price accurately reflects its business, citing a disconnect between its growth and market valuation [16][17] Summary of Q&A Session - No formal Q&A session was held during the call, but management addressed shareholder questions submitted through the Safe Technologies platform throughout the presentation [4]

PSQ Holdings, Inc. (PSQH) came out with a quarterly loss of $0.28 per share versus the Zacks Consensus Estimate of a loss of $0.30. This compares to loss of $8.10 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 6.67%. A quarter ago, it was expected that this company would post a loss of $0.39 per share when it actually produced a loss of $0.37, delivering a surprise of 5.13%. Over the last four quarters, the company has surpa ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40457 PSQ Holdings, Inc. (Exact name of registrant as specified in its charter) | Delaware | 86-2062844 | | --- | --- | | (State or other juri ...