Giftify, Inc. Reports First Quarter 2025 Financial Results, Reports Revenue Growth to $22.3 Million
Strategic initiatives in AI implementation and new market expansion generating positive momentum
SCHAUMBURG, IL, May 13, 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 first quarter ended March 31, 2025.
Key Highlights for the Three Months Ended March 31, 2025, Compared to Prior Year Period
Growth Initiatives
The Company's strategic execution against previously outlined growth priorities is generating positive momentum across multiple fronts:
Subsequent Events
Management Commentary
Ketan Thakker, Chief Executive Officer of Giftify, Inc., commented, 'Our first quarter results demonstrate solid execution against our growth strategy, with revenue increasing and gross profit climbing. Most importantly, we've improved our gross margin to 16.1%, showing our ability to enhance profitability even in a challenging economic environment. Our focus on operational efficiency and strategic expansion into high-growth vertical markets is beginning to yield results.'
Thakker continued, 'During the quarter, we continued our strategic AI implementation, which is creating measurable benefits across our organization from marketing to customer service. We're also seeing strong traction in our targeted vertical market expansions in pharmacy savings, sports merchandise and travel, which provides consumers with practical solutions to combat inflation in everyday expenses. As we move through 2025, we remain focused on scaling our platforms, enhancing user engagement, and building sustainable value for our shareholders.'
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.
Modified EBITDA
In addition to our GAAP results, we present Modified EBITDA as a supplemental measure of our performance. However, Modified EBITDA is not a recognized measurement under GAAP and should not be considered as an alternative to net income, income from operations or any other performance measure derived in accordance with GAAP, or as an alternative to cash flow from operating activities as a measure of liquidity. We define Modified EBITDA as net income (loss), plus interest expense, depreciation and amortization, stock-based compensation, and fair value of common stock issued for services.
Management considers our core operating performance to be that which our managers can affect in any particular period through their management of the resources that affect our underlying revenue and profit generating operations during that period. Non-GAAP adjustments to our results prepared in accordance with GAAP are itemized below. You are encouraged to evaluate these adjustments and the reasons we consider them appropriate for supplemental analysis. In evaluating Modified EBITDA, you should be aware that in the future we may incur expenses that are the same as or similar to some of the adjustments in this presentation. Our presentation of Modified EBITDA should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items.
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 statements made in this news release about an action, event or development, are forward-looking statements. Such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company. Accordingly, you should not place undue reliance on these forward-looking statements. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that its forward-looking statements will prove to be correct. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The company takes no obligation to update or correct its own forward-looking statements, except as required by law or those prepared by third parties that are not paid by the company. Statements in this press release that are not historical fact may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although Giftify, Inc. believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, Giftify, Inc. is unable to give any assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include the company's ability identify a suitable business model for the corporation.
Investors Contacts: [email protected]
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