Welcome to our dedicated page for RDE news (Ticker: RSTN), a resource for investors and traders seeking the latest updates and insights on RDE stock.
RDE Inc. operates digital platforms for incentives, rewards, dining deals, and gift cards through Restaurant.com and CardCash.com. Company news has centered on the completed CardCash.com acquisition, integration of the secondary gift card marketplace, financial results, gross margin commentary, and operating updates tied to retail, dining, and entertainment experiences.
Recurring developments also include public-company status changes, including the move from OTCQB to the Nasdaq Capital Market and the ticker symbol change from RSTN to GIFT, as well as executive appointments and capital-markets communications.
RDE, Inc., owner of Restaurant.com and CardCash.com, announced a ticker symbol change from RSTN to GIFT on the NASDAQ, effective September 4, 2024. The new symbol better reflects the company's focus on gift cards, incentives, and rewards in retail, dining, and entertainment experiences.
CEO Ketan Thakker stated that the change underscores RDE's commitment to delivering value and innovative solutions to customers. The company's CUSIP remains unchanged, and no action is required from existing shareholders regarding the symbol change.
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.
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