Core Insights - Giftify, Inc. reported a gross profit increase of 18.3% to $3.9 million for the second quarter ended June 30, 2025, driven by strategic initiatives including the acquisition of TakeOut7 and AI implementation [1][4][6] - The company achieved net sales of $20.9 million, reflecting a 4.4% increase compared to the prior year period, supported by strong performance in both business-to-consumer and business-to-business channels [5][8] - Gross margin improved to 18.4% from 16.3%, indicating a focus on optimizing pricing strategies and operational efficiencies [6][7] Financial Performance - Net sales increased 4.4% to $20.9 million compared to $20.0 million in the prior year period [5] - Gross billings rose 23.2% to $36.1 million, indicating strong growth in transaction volume [4][23] - Operating expenses decreased significantly to $6.4 million from $10.7 million in the prior year, primarily due to a reduction in stock-based compensation [6] - The company reported a net loss of $2.6 million, an improvement from a net loss of $7.7 million in the prior year period [7][8] Strategic Initiatives - The acquisition of TakeOut7 in June 2025 enhances the company's restaurant technology ecosystem, providing end-to-end solutions for independent restaurants [4][3] - A new partnership with Zip Co. introduced a Buy Now, Pay Later payment option, improving customer access to CardCash.com's offerings [4][3] - The launch of the Restaurant Management Center and uChoose corporate rewards platform in July 2025 aims to create new revenue streams targeting high-growth markets [4][3] Operational Efficiency - The company continues to deploy enterprise-wide AI solutions, driving measurable operational efficiencies [4][3] - Modified EBITDA loss improved to $0.15 million from $0.36 million in the prior year, reflecting progress toward operational efficiency [7][9] - The balance sheet remains strong with total assets of $31.5 million and stockholders' equity of $21.6 million [4][8]

Core Insights - The launch of the Restaurant Management Center (RMC) by Giftify, Inc. represents a significant technological advancement for Restaurant.com, providing restaurant partners with enhanced control over their digital presence and deal management capabilities [3][5] - The introduction of a tiered subscription model creates new revenue opportunities for the company while offering restaurant partners various levels of promotional support and analytics [4][8] Group 1: Technology and Features - The RMC allows restaurant partners to manage offers in real-time, handle multiple locations from a single dashboard, and access detailed analytics on customer engagement and certificate redemption [3][6] - The self-service portal eliminates the need for phone communications and manual paperwork, streamlining the management process for restaurants [6][9] - Advanced features include performance analytics, review management, and customer communication tools, enabling restaurants to make data-driven decisions [7][9] Group 2: Revenue and Market Position - The tiered subscription model offers premium placement opportunities and enhanced visibility, creating recurring revenue streams for Giftify [4][8] - The scalable infrastructure of the RMC is expected to support significant growth in restaurant partner acquisition and improve the value proposition for existing partners [8][9] - The RMC addresses critical pain points for independent restaurants, providing cost-effective customer acquisition tools and simplified digital marketing management [9] Group 3: Strategic Vision - The CEO of Giftify emphasized that the RMC marks a pivotal moment in the company's evolution, transforming it into a comprehensive technology partner for restaurants [5] - The launch complements the recent acquisition of TakeOut7, positioning Giftify as a complete technology solutions provider for the restaurant industry [5]

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].

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]

Discounted Gift Cards Offer Relief as Restaurants and Retailers Adjust to Rising Food Costs SCHAUMBURG, IL, March 18, 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 highlights how its gift card marketplace is helping consumers combat record-high egg prices and increasing food costs throughout the grocery and restaurant sectors using discounted gift cards. With egg pri ...

Record Inventory Increase Meets Growing Consumer Demand for Healthcare Cost-Saving Solutions Surge Driven by Ozempic and Zepbound Prescription Savings Opportunities Combined with Seasonal Health Product Purchases SCHAUMBURG, IL, March 12, 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 a significant increase in gift card sales following its announcement of a ...

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]