Takeout7.com
Search documents
CardCash Reports Strong November Growth Driven by Black Friday Demand Surge
Globenewswire· 2025-12-11 13:30
Core Insights - Giftify, Inc. reported significant year-over-year growth for CardCash.com, driven by strong Black Friday demand, increased customer activity, and improved margins [1][3] Financial Performance - CardCash experienced an 18.8% year-over-year increase in Total Face Value of gift cards, reaching $16.47 million, with Total Paid Amount growing by 18.9% [2] - Gross Profit increased by 8.0% year-over-year, with Gross Margin improving from 13.16% to 18.59%, marking a 41% enhancement [2] - Total Customers rose by 9.4% compared to November 2024, indicating accelerated customer activity [2] Operational Efficiency - Total Affiliate Sales surged by 49%, reflecting strong partner performance [8] - Inventory efficiency improved, as Max Card Age declined by 45%, signaling better inventory turnover [8] - Shipping costs decreased by 7.4% year-over-year, contributing to operational enhancements [8] Market Position - The company emphasized its commitment to providing immediate savings amidst inflationary pressures, reinforcing its position as a trusted value destination [4] - The performance during the Black Friday period highlighted the increasing mainstream adoption of discounted gift cards as a savings tool [4]
CardCash.com Announces Black Friday Savings Availability, Offering Up to 35% Discounts Across 1,100+ Major Retailers
Globenewswire· 2025-11-28 13:30
Core Insights - The company, Giftify, Inc., is leveraging its CardCash.com platform to offer Black Friday gift card savings, providing discounts of up to 35% from over 1,100 major retailers, catering to consumers facing budget constraints during the holiday shopping season [1][3][5] Economic Context - Recent economic indicators show that consumer budget constraints are persistent, with retail sales growth falling below expectations and major retailers acknowledging pressure on discretionary spending due to economic conditions [2] - These market dynamics are leading consumers to focus on maximizing their purchasing power, creating favorable conditions for platforms that offer immediate savings [2] Company Operations - CardCash.com has demonstrated its operational capabilities by delivering nearly $150 million in gift cards over the past year, including close to 1 million digital cards, indicating a scalable infrastructure to handle increased transaction volumes [4] - The platform maintains a 99.5% instant fulfillment rate for digital orders, supported by proprietary automation technology that enhances order processing during peak demand [4] Strategic Positioning - The discount gift card marketplace is increasingly important as consumers seek cost-effective purchasing alternatives amid economic uncertainty, with trends indicating a rise in gift card usage and acceptance of secondary marketplaces [5][6] - The platform's ability to combine discounted gift cards with retailer promotional pricing offers consumers effective savings strategies during Black Friday [5] Consumer Engagement - The company anticipates strong consumer engagement during the holiday shopping season as shoppers look to maximize the value of their spending, supported by enhanced operational capabilities and security measures [5][6]
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]