RDE, Inc. - RSTN STOCK NEWS

RDE, Inc. (OTCQB: RSTN) reported mixed financial results for Q3 and the nine months ended September 30, 2022. Revenue decreased by 3% to $0.8 million for Q3 but increased by 39% to $3.4 million for nine months. Gross profit increased 4% to $0.8 million in Q3, despite a gross margin decline to 81.2% for the nine months. Operating losses decreased significantly, with a 67% reduction to $1.6 million year-to-date. The cash balance stands at $1.6 million. Management emphasizes ongoing partnerships and user engagement initiatives to drive future growth.

RDE, Inc. (OTCQB: RSTN), owner of Restaurant.com, has partnered with Falcon Virtual to enhance restaurant support by driving traffic to fill empty tables, generating additional revenue. This initiative aims to expand Restaurant.com's outreach capabilities and improve the efficiency of its services across the nation. The collaboration with Falcon Virtual will provide customer support and marketing services, aiming to meet rising demands in the restaurant industry.

RDE, Inc. (OTCQB: RSTN) has announced a partnership with Advertise Purple to enhance its affiliate marketing strategy. This collaboration aims to accelerate the growth of Restaurant.com's Affiliate channel by leveraging Advertise Purple's extensive expertise, which includes generating over $3 billion in affiliate revenue for 3,000 clients. Lisa Nason, RDE's Director of Marketing, emphasized that expanding into affiliate marketing is crucial for their e-commerce strategy. The partnership is expected to positively influence user acquisition and drive substantial growth for Restaurant.com.

RDE, Inc. (OTCQB: RSTN) reports a positive trend in consumer dining and entertainment behaviors for Summer 2022. The company noted a 19% increase in orders via its affiliate channel compared to Summer 2021 and a substantial 45% rise in consumer orders within its entertainment line. This indicates a shift towards in-person activities despite rising costs. Marketing Director Lisa Nason expressed enthusiasm for the rebound in dining interest, emphasizing the company’s commitment to enhancing restaurant partnerships and providing value to consumers.

RDE, Inc. (RSTN) reported impressive financial growth for Q2 2022, with a 130% increase in revenue to $1.8 million compared to the same period last year. The operating loss significantly decreased by 92% to $0.2 million, while net loss also fell by 92%, achieving a net income of $0.1 million for the first half of 2022. Key partnerships with major brands, such as a national mobile provider and SWIPEBY, are expected to enhance revenue further. The company maintains a solid cash balance of $2.2 million to support ongoing initiatives.

RDE, Inc. (RSTN) announces full compliance as an SEC reporting company, marking a significant milestone for the firm. With a cash reserve of $1.5 million as of March 31, 2022, the company aims to access capital markets more effectively. In Q1 2022, RDE reported revenues of $0.8 million and a net income of $0.3 million, yielding an EPS of $0.02 per share. The company is also expanding its partnerships to boost revenue growth, reaching over 182,500 restaurants and 7.8 million customers.

On June 30, 2022, Blackhawk Network partnered with Restaurant.com, owned by RDE (OTCQB: RSTN), to enhance the distribution of its digital gift card program. These eGift cards will now be available on GiftCardMall.com and other top digital platforms, catering to a growing demand for dining gift cards, which have seen double-digit sales growth. With over 40,000 deals daily, Restaurant.com aims to assist local restaurants in recovering from recent challenges by expanding its online visibility through Blackhawk's extensive network.

Fresh Vine Wine (NYSE AMEX: VINE) has partnered with RDE, Inc. (OTCQB: RSTN), the operator of Restaurant.com, to enhance consumer dining experiences. This collaboration aims to introduce Fresh Vine's premium wines, known for being lower-carb and gluten-free, to Restaurant.com’s 8 million opt-in subscribers. A special promotion will offer a $50 gift card for $35 to customers. Fresh Vine Wine continues its growth strategy post-IPO in December 2021, targeting the $69 billion U.S. wine market with affordable luxury wines priced between $14.99 and $22.99.

RDE, Inc. (OTCQB: RSTN) announced a partnership with SWIPEBY to enhance its platform capabilities for restaurant partners. This integration aims to provide online ordering, curbside pickup, and delivery solutions, enabling restaurants to reach more customers and increase revenue. The collaboration is set to improve customer experience with features like customizable geofenced notifications. Both companies highlight the mutual benefits of expanding service options for diners and enhancing operational efficiency for restaurants.