Giftify, Inc. Reports Fourth Quarter and Full Year 2024 Financial Results

About this update from Giftify, Inc.

[{"type":"image","alt":"Giftify, Inc.","displaySize":"","headline":null,"caption":"Giftify, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":56,"url":"https://media.zenfs.com/en/globenewswire.com/3d4df857ce441fbb3cdcdea312eb5f2b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/d0jqeG.hfLFFe2Zr90hDzA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTc4O2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/3d4df857ce441fbb3cdcdea312eb5f2b","width":300,"height":56}},"lazy":false},{"type":"text","content":"SCHAUMBURG, IL, March 31, 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 financial and operational results for the fourth quarter and year ended December 31, 2024.","length":325,"tagName":"p"},{"type":"text","content":"Q4 2024 Financial Highlights: ","length":29,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Q4 2024 net sales increased to $24.18 million, a 4.18% increase, as compared to Q3 2024 net sales of $23.21 million.","length":116,"tagName":"p"}]},{"val":[{"type":"text","content":"Q4 2024 gross profit improved $645,785, or 21.59%, to $3.64 million, as compared to Q4 2023 gross profit of $2.99 million.","length":122,"tagName":"p"}]},{"val":[{"type":"text","content":"Q4 2024 gross margin improved to 15.04%, as compared to Q3 2024 gross margin of 12.88%.","length":87,"tagName":"p"}]},{"val":[{"type":"text","content":"Deployed Enterprise Artificial Intelligence (AI) solutions driving operational excellence and innovation.","length":105,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":430,"olType":false},{"type":"text","content":"Full Year 2024 Financial Highlights: ","length":36,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Full year 2024 net sales increased to $88.93 million, a 2.05% increase, as compared to full year 2023 net sales of $87.15 million.","length":130,"tagName":"p"}]},{"val":[{"type":"text","content":"Full year 2024 gross profit improved $2.64 million, or 25.10%, to $13.14 million, as compared to full year 2023 gross profit of $10.51 million.","length":143,"tagName":"p"}]},{"val":[{"type":"text","content":"Full year 2024 gross margin improved to 14.78%, as compared to full year 2023...

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