RDE, Inc. - RSTN STOCK NEWS

RDE, Inc. (Nasdaq: RSTN), owner of Restaurant.com and CardCash.com, has appointed Steve Handy as its new Chief Financial Officer. Handy brings over 20 years of financial leadership experience, notably in guiding companies through growth phases and public offerings. He joins RDE from Sacks Parente Golf, Inc. (NASDAQ: SPGC), where he led the company's successful IPO and oversaw a 700% revenue growth in H1 2024. Handy's expertise includes implementing financial controls, ERP systems, and managing investor relations. CEO Ketan Thakker expressed confidence in Handy's ability to drive RDE's growth strategy and enhance its digital platforms. Handy's previous roles include CFO positions at Opti-Harvest, Inc., Tix , and SM&A, as well as senior financial roles at Dot Hill Systems.

RDE, Inc. (Nasdaq: RSTN), owner of Restaurant.com and CardCash.com, reported its Q2 2024 financial results. Highlights include:

- Revenue of $20.0 million
- Gross profit of $3.3 million, up 25% year-over-year
- Gross margin increased 380 basis points to 16.3%
- Net loss of $7.7 million (including $7.4 million in non-cash and one-time expenses)
- Modified EBITDA loss of $0.4 million
- Cash balance of $4.7 million

CEO Ketan Thakker noted improved efficiencies following the CardCash.com acquisition and near-breakeven operations excluding non-cash expenses. The company's recent Nasdaq listing is expected to enhance visibility and strategic opportunities.

RDE, Inc. (Nasdaq: RSTN), owner of Restaurant.com and CardCash.com, has received approval to trade on the Nasdaq Capital Market starting August 7th, 2024. The company, which focuses on incentives and rewards in retail, dining, and entertainment, will maintain its ticker symbol 'RSTN'. This move from the OTC Markets' OTCQB level signifies RDE's financial progress over the past year, particularly since acquiring CardCash.

CEO Ketan Thakker expressed excitement about entering a new growth phase and improving the company's capital markets strategy. The Nasdaq listing is expected to position RDE among some of the world's most innovative companies, potentially enhancing its visibility and attracting new investors.

RDE, the operator of digital platforms Restaurant.com and CardCash.com, reported Q1 2024 financial results. Revenue reached $21.5 million, with a gross profit of $3.3 million, marking a 12% increase. Gross margins improved by 300 basis points to 15.1%. The company reported a net loss of $3.2 million, impacted by $2.5 million in non-cash and one-time expenses. Modified EBITDA loss stood at $0.7 million. Cash balance was $5.4 million, with total assets of $39.1 million and shareholders’ equity at $25.1 million. Recent highlights include CardCash.com expanding to over 1,100 retailers and the launch of a new Restaurant.com mobile app for iOS.

RDE, Inc. (RSTN) completed the acquisition of CardCash.com in Q4, expanding its market opportunities. The company reported $86.6 million in revenues for 2023, with a gross profit margin of 12.05%. CEO Ketan Thakker highlighted the transformational year and expected increased profitability in 2024.

RDE, Inc. has submitted an application to uplist its common shares on the Nasdaq Capital Market, following a transformational year in 2023, including the acquisition of CardCash.com. The uplisting is expected to enhance corporate visibility and shareholder value, providing broader marketing opportunities and gift card options for loyal customers at Restaurant.com and CardCash.com.

RDE, Inc. (RSTN) has closed its acquisition of CardCash.com, expanding its cross-selling marketing opportunities and providing Restaurant.com customers with a broader range of discounted gift card options. The combined businesses accounted for over $100 million in revenue in 2023, due to the acceleration of business traction in the U.S. consumer gift card market valued at $300 billion annually. This acquisition significantly increases RDE's market presence and revenue potential.

RDE, Inc. (OTCQB: RSTN) announces CardCash joining MARKET.live platform by Verb Technology Company, Inc. CardCash, known as 'the StubHub for gift cards,' offers digital gift cards from major brands. The move aims to expand CardCash's visibility and reach larger audiences through the innovative livestream social shopping platform.

RDE, Inc. (RSTN) CEO Ketan Thakker appeared on the Chris Voss podcast to discuss the growth of Restaurant.com, highlighting increased traffic, app downloads, and restaurant partnerships. Thakker emphasized the company's post-pandemic momentum and expanding footprint, with rising average ticket prices benefiting restaurants.