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Giftify, Inc.’s CardCash.com Achieves Record Performance with $150 Million in Gift Cards Delivered, 99.5% of Digital Orders Fulfilled in Under 2 Seconds
Globenewswire· 2025-09-30 12:30
Core Insights - Giftify, Inc. achieved record performance with nearly $150 million in gift cards delivered, including close to 1 million digital cards, showcasing the company's strong market position and operational efficiency [1][4] - The company's proprietary automation technology has created sustainable competitive advantages, enabling faster fulfillment and processing of gift card orders [2][4] - CardCash's partnerships with retailers have expanded the availability of digital gift cards, enhancing customer satisfaction and operational efficiency [3][4] Performance Metrics - A total of 941,984 digital cards were delivered, valued at over $142 million, representing a 15.2% increase in face value year-over-year compared to $124 million last year [8] - The company achieved a 99.5% instant fulfillment rate for digital orders, with nearly 100,000 physical cards delivered, 75% of which were shipped within 48 hours [8] - U.S. gift card sales are projected to exceed $190 billion annually, positioning CardCash to capture significant market share growth [4] Technology and Strategy - The proprietary automation technology includes a room-sized machine that automates physical gift card orders, enhancing processing speed and reliability [2][4] - The company's digital-first strategy and proven infrastructure are key to capturing a larger portion of the expanding secondary gift card market [4] - CardCash maintains a 45-day fraud guarantee, reinforcing its value proposition as a trusted solution for consumers and partners [5]
Giftify Reports 75% Year-to-Date Sales Growth in CardCash.com Affiliate Channel
Globenewswire· 2025-08-29 12:30
Core Insights - Giftify, Inc. has reported a significant year-to-date growth in its affiliate marketing channel, with a 75% increase in sales and improvements across all key performance indicators [1][8]. Performance Highlights - Sales increased by 75% compared to the prior year period [8]. - Affiliate commissions grew by 37%, indicating enhanced partner performance [8]. - Clicks per Impression surged by 130%, demonstrating significantly enhanced consumer engagement [8]. - Orders per Click improved by 11%, evidencing higher conversion efficiency [8]. - Average Order Value climbed by 51%, showing greater consumer spend per transaction [8]. Strategic Initiatives - The company has intensified its focus on performance-driven affiliate partnerships and strategic use of data insights to optimize engagement and conversion rates [2][3]. - A new partnership with Snow Consulting has expanded affiliate opportunities and optimized program performance, particularly in the high-growth travel sector [3][4]. - The expansion of the affiliate channel aligns with broader consumer trends toward budget-conscious purchasing behavior amid ongoing economic pressures [4]. Company Overview - Giftify, Inc. operates leading digital platforms such as CardCash.com and Restaurant.com, focusing on the incentives and rewards industry [6]. - CardCash.com is a secondary gift card exchange platform, while Restaurant.com connects consumers with dining deals across over 184,000 restaurants and retailers [6].
Giftify, Inc. Reports Second Quarter 2025 Financial Results, Revenue of $20.9 Million
Globenewswire· 2025-08-13 12:35
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]
Giftify, Inc. Announces Launch of uChoose Corporate Rewards Platform, Revolutionizing Business Incentives and Recognition Programs
Globenewswire· 2025-07-31 12:30
Core Insights - Giftify, Inc. has launched uChoose, a corporate rewards platform that enhances employee and customer engagement through choice-based gift card solutions [1][5] - The platform allows recipients to redeem rewards at over 200 brands, improving ROI for businesses by utilizing proprietary cost advantages and breakage sharing technology [2][5] - uChoose aims to address common issues in corporate rewards, such as low satisfaction and wasted rewards, by allowing recipients to select their desired rewards [5] Company Overview - Giftify, Inc. operates CardCash.com and Restaurant.com, focusing on the incentives and rewards industry [7] - The company is leveraging its expertise in the secondary gift card marketplace to provide high-value pricing and additional benefits through uChoose [3][5] Market Opportunity - The launch of uChoose represents a strategic move into the $46 billion corporate rewards market, transforming traditional gifting into a strategic investment with measurable returns [5] - Early adoption of uChoose is gaining traction in various industries, including automotive, gaming, healthcare, and marketing, with reported improvements in customer engagement and retention [4][5] Platform Features - uChoose offers a scalable solution with comprehensive analytics, real-time redemption tracking, and seamless integration capabilities for organizations across multiple sectors [6] - The platform's breakage sharing feature allows companies to recover value from unused gift card balances, enhancing overall program effectiveness [5]
Giftify, Inc. Announces Launch of Restaurant Management Center, Revolutionizing Partner Experience on Restaurant.com Platform
Globenewswire· 2025-07-17 12:45
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]
Giftify, Inc. Reports First Quarter 2025 Financial Results, Reports Revenue Growth to $22.3 Million
Globenewswire· 2025-05-13 12:30
Core Insights - Giftify, Inc. reported a gross profit increase of 10% to $3.6 million for Q1 2025, driven by strategic initiatives in AI implementation and market expansion [1][5] - The company achieved a revenue increase of 3.5% to $22.3 million and improved its gross margin to 16.1% from 15.1% [5][3] - Management emphasized the positive impact of AI solutions on operational efficiency and the successful expansion into high-margin vertical markets such as pharmacy savings, sports merchandise, and travel [3][5] Financial Performance - Revenue for the three months ended March 31, 2025, was $22.3 million, up from $21.5 million in the prior year [5][14] - Gross profit rose to $3.6 million, compared to $3.3 million in the same period last year [5][14] - The modified EBITDA loss improved to $0.63 million from $0.66 million year-over-year [5] Operational Highlights - The company has a strong balance sheet with total assets of $33.9 million and stockholders' equity of $21.3 million [5] - Giftify's strategic focus on AI is yielding measurable benefits across various departments, enhancing user engagement and operational efficiency [3][5] - The company has successfully expanded its offerings to include innovative savings solutions for consumers facing rising costs [5][3] Subsequent Events - After March 31, 2025, the company fully repaid its GameIQ acquisition note payable and amended its secured line of credit, releasing $0.25 million of restricted cash [5] - The company continues to expand its At-the-Market offering to strengthen its cash position [5]
Giftify's CardCash.com Leverages NBA Playoff Enthusiasm to Accelerate Platform Growth
Globenewswire· 2025-05-08 12:30
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]
CardCash Expands Strategic Artificial Intelligence Implementation to Enhance Operational Efficiency and Decision-Making
Globenewswire· 2025-04-29 12:30
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].
Giftify, Inc. Reports Fourth Quarter and Full Year 2024 Financial Results
Globenewswire· 2025-03-31 12:30
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]
Giftify, Inc.'s CardCash Platform Offers Relief on Grocery Bills as Egg Prices Soar in 2025
Newsfilter· 2025-03-18 12:30
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]