Business
RDE Inc. Announces Fiscal Year 2021 Results
ATLANTA, GA, March 14, 2022 (GLOBE NEWSWIRE) -- RDE, Inc. (OTCQB:RSTN) (the "Company"), the owner and operator of Restaurant.com, the nation's largest
About this update from Giftify, Inc.
[{"type":"text","content":"ATLANTA, GA, March 14, 2022 (GLOBE NEWSWIRE) -- RDE, Inc. (OTCQB:RSTN) (the \"Company\"), the owner and operator of Restaurant.com, the nation's largest restaurant-focused digital deals brand, is pleased to announce financial results for the fiscal year ended December 31, 2021. Ketan Thakker, Chief Executive Officer of RDE, Inc., commented, “I want to emphasize our view of the Company’s importance to the communities where we have a presence and of our ongoing focus on keeping our employees safe while supporting customers during the pandemic. Throughout 2021, we grew our business while operating in the challenges posed by COVID-19, all of which enabled us to expand our operations as a result of the tenacity and resilience our staff and customers had throughout the year.” Key Financial Highlights: Revenues for the year ended December 31, 2021 increased 26% to $3.3 million, as compared to $2.6 million in the fiscal year for 2020.Net loss was $4.9 million in 2021, as compared to a loss of $3.7 million in 2020.Net loss per share common share was $0.41 in 2021, as compared to a net loss per share of $0.61 in 2020 \"We continue to see good momentum in our business as customers are looking to modernize their organizations for quickness and choices,” continued Mr. Thakker. “As we continue our growth and expansion, we have a number of initiatives in place that we believe will support our long-term plans as well as capitalizing on the partnerships and agreements we started last year.” Key Business Highlights in 2021: Launched Subscription-Based Digital Marketing Program for RestaurantsLaunched Curated Deals on Digital MarketplaceExpanded Travel and Entertainment Consumer Product LinesEstablished Partnership with Performance Foodservice, a division of Performance Food Group Company (NYSE:PFGC)Updated Restaurant.com with Improved CapabilitiesExpanded Relationship with Chef and Restaurateur Fabio VivianiAdded Legendary Restaurateur and Athlete Bo Jackson to our Advisory BoardPartnered with Association of Mature American Citizens to Offer Savings to its 2.3 Million Members About RDE, Inc. RDE, Inc. (OTCQB: RSTN) (Restaurant, Dining and Entertainment) is a pioneer in the restaurant deal space and the nation’s largest restaurant-focused digital deals brand. Founded in 1999, Restaurant.com, Specials by Restaurant.com and our Corporate Incentives ...