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Givex Corp. - $GIVXF STOCK NEWS

Welcome to our dedicated page for Givex news (Ticker: $GIVXF), a resource for investors and traders seeking the latest updates and insights on Givex stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Givex's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Givex's position in the market.

Rhea-AI Summary

On May 16, 2024, Givex announced the launch of GivexEngageAI, an AI platform designed to enhance customer relationships through data-driven profiles and targeted engagements. The platform creates 360-degree profiles based on customer interactions, including loyalty accounts and transaction details, offering personalized communications. By integrating with GivexPOS, EngageAI supports data-driven decision-making, helping businesses improve customer conversion and retention. This launch marks a significant step for Givex, aiming to provide deeper insights and scalable solutions for brands globally.

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Givex has announced a partnership with Ópticas Lux, a leading optical retailer in Mexico with over 80 years in the business and more than 100 branches nationwide. This collaboration will see the launch of a gift card program, powered by Givex technology, that allows customers to purchase and redeem both physical and electronic gift cards. These gift cards can be used in-store and online as a payment method or incentive for the brand's eye care and conservation solutions. The program aims to offer a practical and secure gifting option, enhancing customer satisfaction and reflecting Ópticas Lux's commitment to quality and innovation.

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1.95%
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Givex Corp. announced the voting results of its annual and special shareholders' meeting with a majority voting in line with management recommendations. The election of directors and appointment of the auditor were approved with high percentages of votes. The Warrant Extension Resolution was also approved by disinterested shareholders.

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Givex, a cloud-based global customer engagement and business insights platform, conducted a survey revealing that higher menu prices have made dining out more challenging for 78% of Americans. The survey highlights the impact of inflation on dining preferences and habits, with consumers seeking promotions, discounts, and loyalty programs to manage costs. The findings emphasize the importance of value-added services like loyalty programs in maintaining customer engagement during economic challenges.

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Givex Corp. announces its first quarter 2024 financial results, showing a 9% revenue increase to $21 million and a net profit of $500,000 for the first time since going public. The company continues to establish itself in the gift card and loyalty sectors while expanding its POS and Payment solutions.

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iFood, a leader in online food delivery in Latin America, plans to triple its Givex-powered gift card sales in the coming years. Currently selling 900,000 cards monthly, the target is to grow by 15-20% in 2024. The slow adoption of gift cards in Brazil due to cultural reasons is changing as companies invest in them for various use cases. Pernod Ricard and TLC Latam have successfully used iFood gift cards in promotional campaigns, showcasing the value of this incentive. The iFood gift card offers practicality for purchasers and freedom for recipients, with a wide range of categories available on the platform. The partnership with Givex is set to drive significant growth for iFood in the incentives market.
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Givex Corp. reports strong financial performance with annual revenues exceeding $80 million, 132,000 customer locations, and positive EBIT in Q4. Revenue, gross profit, EBIT, and transactional values showed significant growth in both quarterly and annual results.
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3.26%
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Givex Corp. announces a partnership with a Fortune 500 energy company to implement its gift card program across North American gas stations, showcasing Givex's industry leadership. The company's focus on integrated solutions and scalability has attracted major clients, signaling growth potential for the future.
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Givex Corp. (GIVXF) announced that KFC Canada completed a national kitchen technology upgrade across 402 stores to improve the guest experience. Givex partnered with Lenovo Canada and KFC Canada's internal application team to integrate the solution into the stores' existing IT infrastructure. This showcases Givex's evolution as a national enterprise level service provider and its acquisition strategy delivering synergies to expand services and products to a broader client base. With twelve global offices and over 128,000 active merchant locations, Givex offers gift cards, point-of-sale systems, loyalty programs, and more.
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Givex Brasil (TSX: GIVX) (OTCQX: GIVXF) achieves remarkable milestone, surpassing 14 billion reais in transaction value in 2023. The company signed major clients, including leading jewelry brand Vivara, Fast Shop retail chain, Station by WeWork Brasil, a financial institution, and a global leader in the food industry. iFood Card achieved 1.5 billion reais in gift card sales through the GivexHub. Givex Brasil is gearing up for NRF 2024: Retail's Big Show in New York City.
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Givex Corp.

OTC:GIVXF

GIVXF Rankings

GIVXF Stock Data

79.36M
68.76M
45.62%
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