RedCloud Reports Full Year 2024 Results
RedCloud Holdings (RCT) reported strong financial results for FY 2024, with revenue surging 135% YoY to $46.5 million and Total Transaction Value (TTV) growing 111% to $2.5 billion. The company's average Transaction Based Revenue improved to 1.9% from 1.7%.
The trading platform demonstrated significant business growth with 184,731 products from 6,765 brands being traded, serving 33,786 retailers. Brand & Distributor customers increased 175% YoY to 760. RedCloud also launched several AI-powered features, including AI Labs for trading recommendations, virtual trader technology, Red101 Smart Assistant, Retail Opportunity Maps, and Category Price Benchmarking.
RedCloud Holdings (RCT) ha riportato risultati finanziari solidi per l'anno fiscale 2024, con ricavi in crescita del 135% su base annua, raggiungendo 46,5 milioni di dollari e un valore totale delle transazioni (TTV) aumentato del 111%, arrivando a 2,5 miliardi di dollari. La media dei ricavi basati sulle transazioni è migliorata, passando dall'1,7% all'1,9%.
La piattaforma di trading ha mostrato una crescita significativa, con 184.731 prodotti di 6.765 marchi scambiati, servendo 33.786 rivenditori. I clienti tra brand e distributori sono aumentati del 175% su base annua, raggiungendo 760. RedCloud ha inoltre lanciato diverse funzionalità basate sull'intelligenza artificiale, tra cui AI Labs per raccomandazioni di trading, tecnologia per trader virtuali, Red101 Smart Assistant, Retail Opportunity Maps e Category Price Benchmarking.
RedCloud Holdings (RCT) reportó sólidos resultados financieros para el año fiscal 2024, con ingresos que aumentaron un 135% interanual hasta 46,5 millones de dólares y un Valor Total de Transacciones (TTV) que creció un 111% hasta 2,5 mil millones de dólares. El ingreso promedio basado en transacciones mejoró de 1.7% a 1.9%.
La plataforma de comercio mostró un crecimiento significativo, con 184,731 productos de 6,765 marcas negociados, atendiendo a 33,786 minoristas. Los clientes de marcas y distribuidores aumentaron un 175% interanual hasta 760. RedCloud también lanzó varias funciones impulsadas por inteligencia artificial, incluyendo AI Labs para recomendaciones de comercio, tecnología de traders virtuales, Red101 Smart Assistant, Retail Opportunity Maps y Category Price Benchmarking.
RedCloud Holdings (RCT)는 2024 회계연도에 강력한 재무 실적을 보고했으며, 매출은 전년 대비 135% 증가한 4,650만 달러, 총 거래 가치(TTV)는 111% 증가한 25억 달러를 기록했습니다. 회사의 평균 거래 기반 수익률은 1.7%에서 1.9%로 개선되었습니다.
거래 플랫폼은 6,765개 브랜드의 184,731개 제품이 거래되며 33,786개의 소매업체에 서비스를 제공하는 등 상당한 사업 성장을 보였습니다. 브랜드 및 유통 고객 수는 전년 대비 175% 증가한 760명에 달했습니다. RedCloud는 또한 AI Labs를 통한 거래 추천, 가상 트레이더 기술, Red101 스마트 어시스턴트, 소매 기회 지도, 카테고리 가격 벤치마킹 등 여러 AI 기반 기능을 출시했습니다.
RedCloud Holdings (RCT) a annoncé de solides résultats financiers pour l'exercice 2024, avec un chiffre d'affaires en hausse de 135% en glissement annuel pour atteindre 46,5 millions de dollars et une valeur totale des transactions (TTV) en croissance de 111% à 2,5 milliards de dollars. Le revenu moyen basé sur les transactions est passé de 1,7% à 1,9%.
La plateforme de trading a connu une croissance significative, avec 184 731 produits de 6 765 marques échangés, desservant 33 786 détaillants. Le nombre de clients marques et distributeurs a augmenté de 175% en glissement annuel pour atteindre 760. RedCloud a également lancé plusieurs fonctionnalités basées sur l'IA, notamment AI Labs pour les recommandations de trading, la technologie de trader virtuel, Red101 Smart Assistant, Retail Opportunity Maps et le Category Price Benchmarking.
RedCloud Holdings (RCT) meldete starke Finanzergebnisse für das Geschäftsjahr 2024, mit einem Umsatzanstieg von 135% im Jahresvergleich auf 46,5 Millionen US-Dollar und einem Gesamttransaktionswert (TTV), der um 111% auf 2,5 Milliarden US-Dollar wuchs. Der durchschnittliche transaktionsbasierte Umsatz des Unternehmens verbesserte sich von 1,7% auf 1,9%.
Die Handelsplattform zeigte ein signifikantes Wachstum mit 184.731 Produkten von 6.765 Marken, die gehandelt wurden, und bediente 33.786 Einzelhändler. Die Anzahl der Marken- und Vertriebspartnerkunden stieg um 175% im Jahresvergleich auf 760. RedCloud führte außerdem mehrere KI-gestützte Funktionen ein, darunter AI Labs für Handels-Empfehlungen, virtuelle Händlertools, den Red101 Smart Assistant, Retail Opportunity Maps und Category Price Benchmarking.
- Revenue grew 135% YoY to $46.5 million
- Total Transaction Value increased 111% to $2.5 billion
- Transaction Based Revenue margin improved to 1.9% from 1.7%
- Brand & Distributor customers grew 175% YoY to 760
- Successfully completed Nasdaq listing in March
- Launched multiple AI-powered features enhancing platform capabilities
- None.
Insights
RedCloud demonstrates exceptional 135% YoY revenue growth with strong trading volume metrics, showcasing robust platform adoption in the FMCG sector.
RedCloud has delivered impressive financial results for FY 2024, with
The operational metrics tell an equally compelling story. The platform now hosts 184,731 products from 6,765 brands, serving 33,786 retailers and 760 trading Brand & Distributor customers (up
RedCloud's focus on AI-powered trading solutions represents a strategic move to increase value for participants. Their investment in machine learning for actionable trading recommendations, agentic AI for negotiations, and retail opportunity mapping tools should help drive customer retention and increase transaction volume.
As a recently listed Nasdaq company (March 2025), these results establish RedCloud's first growth benchmark. The
The company is positioning itself at the intersection of B2B commerce, real-time trading, and AI—creating a digital infrastructure for historically fragmented FMCG supply chains in dense urban markets where consistent supply has been challenging.
Increased momentum across key metrics, led by
LONDON, May 19, 2025 (GLOBE NEWSWIRE) -- Trading platform company RedCloud Holdings plc (RCT) (“RedCloud” or “The Company”) today reported its financial and business results for the full year 2024.
Full Year 2024 Financial Highlights include:
• FY 2024 Total Transaction Value (TTV) increased
• FY 2024 Revenue increased
• Average ‘Transaction Based Revenue’ increased to
RedCloud believes that data driven intelligence will enable the largest product inventories on Earth – Fast Moving Consumer Goods (FMCG) goods from food to pharmacy – to be traded in real-time by millions of businesses.
Full Year 2024 business highlights include:
• 184,731 products from 6,765 brands actively traded in bulk across the platform - from pharmacy to packaged goods, cooking oil, fresh meat and fish, highlighting breadth and depth of coverage across key FMCG categories.
• 33,786 Retailers purchasing essential food and supplies for consumers across large networks of independent and small-chain grocery stores, restaurants and bars in some of the most densely populated urban locations where it can be hard to find consistent supply to match demand.
• 760 trading Brand & Distributor customers, an increase of
Product Release and R&D highlights include:
• Artificial Intelligence (AI) Labs mining large quantities of first-party trading data through machine learning to expose actionable trading recommendations, exploring a range of benefits, including price benchmarking, inventory prediction and smart buying recommendations for customers.
• Agentic AI virtual trader technology that sources and sells bulk inventory in over the phone using a conversational interface that negotiates product options in required quantities, timing, delivery and pricing.
• Red101 Smart Assistant enabling retailers to stock their store with better products by understanding what is selling in volume locally, getting recommendations on alternative products, or finding prices and best delivery from multiple local suppliers.
• Retail Opportunity Maps interactive maps for brands, distributors and wholesalers to visually identify untapped retail growth opportunities. By displaying product penetration and active retailers across urban areas, businesses can take immediate action to maximize their retail coverage and market share.
• Category Price Benchmarking providing live product pricing analysis based on live sales data from multiple sources, enabling distributors to quickly optimize pricing in near real time.
“We’re very pleased to release our first results as a public company following our March listing on the Nasdaq” said Justin Floyd, Founder and CEO, RedCloud. “We are working hard to increase our reach across Brands and Distributors in key categories for each of our markets. With strong progress in our trading volume, TTV and revenue results and the with exciting new AI and platform features above, we believe growth across key metrics demonstrates solid business momentum.”
About RedCloud Holdings plc (“RedCloud” or “The Company”)
RedCloud has developed and operates the RedAI Trading platform (the “Platform”), that facilities the trading of everyday consumer supplies of fast-moving consumer goods (“FMCG”) products across business supply chains. RedCloud believes its Trading Platform solves a decades old problem of how to unlock and enable access to key purchase and sales data between brands, distributors and retailers in high growth consumer markets. Through RedCloud’s Trading Platform, retailers, brands and distributors use data driven insights backed by artificial intelligence (“AI”) to help make faster and easier business-to-business (“B2B”) purchases and inventory decisions by breaking down complex purchasing behaviors of large product inventory catalogues. For more information about RedCloud and its Trading Platform, please visit www.redcloudtechnology.com and connect on LinkedIn and Facebook .
Forward-Looking Statements
The information in this press release includes forward-looking statements within the meaning of the federal securities laws. These statements generally relate to future events or our future financial or operating performance. When used in this press release, words such as “expect,” “project,” “estimate,” “believe,” “anticipate,” “intend,” “plan,” “seek,” “forecast,” “target,” “predict,” “may,” “should,” “would,” “could,” and “will,” the negative of these terms and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Forward-looking statements are based on management’s current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, actual results could differ materially from those indicated in these forward-looking statements. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements described in “Cautionary Note Regarding Forward-Looking Statements,” “Item 3. Key Information – D. Risk Factors” and “Item 5. Operating and Financial Review and Prospects” in RedCloud’s Annual Report on Form 20-F for the year ended December 31, 2024, which was filed with the Securities and Exchange Commission (the “SEC”) on May 16, 2025, as well as other documents filed by the Company with the SEC. RedCloud undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Information contained on, or that can be accessed through, the Company's website or any other website or any social media is expressly not incorporated by reference into and is not a part of this press release.
Contacts:
Investor Relations
CORE IR
Louie Toma
(516) 222-2560
Investor.relations@redcloudtechnology.com
Media Relations
CORE IR
Jules Abraham
(917) 885-7378
media@redcloudtechnology.com
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