Business
Giftify, Inc. Surpassed its Previously Provided Forecast of $85 Million Revenue for 2024
Reflects Increased Demand and Usage of its Leading Digital Platforms SCHAUMBURG, IL, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Giftify, Inc. (NASDAQ: GIFT) (the
About this update from Giftify, Inc.
[{"type":"text","content":"Reflects Increased Demand and Usage of its Leading Digital Platforms SCHAUMBURG, IL, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Giftify, Inc. (NASDAQ: GIFT) (the “Company”), the owner and operator of leading digital platforms, CardCash.com and Restaurant.com, with a focus on incentives and rewards in retail, dining and entertainment experiences, is pleased to announce its strong finish to 2024 and that its annual 2024 revenue was greater than the previously provided forecast of $85 million. The better-than-expected revenue was buoyed by robust sales growth of approximately 57% for the recent shopping holiday of Black Friday through Cyber Monday and continued strong 2024 year-end holiday season. The recent corporate rebranding to Giftify, Inc. highlights the Company’s evolution and illustrates the Company’s ambition to be the leader in the incentives-based market. Throughout the month of October insiders purchased a little more than 70,000 shares in the open market at an average price of $1.66 per share. About Giftify, Inc. Giftify, Inc. is a pioneer in the incentive and rewards industry with a focus on retail, dining & entertainment experiences, as the owner and operator of leading digital platforms, CardCash.com and Restaurant.com. CardCash.com is a leading secondary gift card exchange platform, allowing consumers and retailers to realize value by buying and selling gift cards at various scales. Its Restaurant.com is the nation’s largest restaurant-focused digital deals brand. Restaurant.com and our Corporate Incentives division connect digital consumers, businesses and communities offering thousands of dining, retail and entertainment deals options nationwide at over 184,000 restaurants and retailers. Restaurant.com prides itself on offering the best deal, every meal. Our gift cards and restaurant certificates allow customers to save at thousands of restaurants across the country with just a few clicks. For more information, visit: www.giftifyinc.com and www.cardcash.com and https://www.restaurant.com. Forward-Looking Statements Press Releases may include forward-looking statements. In particular, the words “believe,” “may,” “could,” “should,” “expect,” “anticipate,” “estimate,” “project,\" \"propose,\" \"plan,\" \"intend,\" and similar conditional words and expressions are intended to identify forward-looking statements. Any statement...