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.
The RSTN news page on Stock Titan provides an archive of announcements and disclosures related to RDE, Inc., the owner and operator of Restaurant.com and CardCash.com. Company news releases describe RDE, Inc. as focusing on incentives and rewards in retail, dining and entertainment experiences, with Restaurant.com positioned as a restaurant-focused digital deals brand and CardCash.com described as a secondary gift card exchange platform.
In the news flow, readers can find updates on corporate developments such as the completed acquisition of CardCash.com, which company statements characterize as transformational for its profile and cross-selling opportunities. Releases also discuss the company’s application to uplist and subsequent approval to trade on the Nasdaq Capital Market under the symbol RSTN, followed by an announced change of ticker symbol from RSTN to GIFT while remaining listed on Nasdaq.
Other news items include periodic financial and operational updates where the company reports revenue figures, gross profit trends and commentary on efficiencies following the CardCash.com acquisition. Management commentary in these releases often highlights the performance of Restaurant.com and CardCash.com, the expansion of retailer networks, and product updates such as a new Restaurant.com mobile app.
Because the underlying business later appears in filings and releases under the Giftify, Inc. name and the GIFT ticker, this RSTN news page serves primarily as a historical record of announcements made while the company traded under the RSTN symbol. Investors and researchers can use this archive to review how the business evolved, including its acquisition activity, listing status changes and platform developments over time.
RDE, Inc. (OTCQB: RSTN) reported a 26% revenue increase to $3.3 million for 2021 compared to $2.6 million in 2020. However, the company reported a net loss of $4.9 million, a decline from a $3.7 million loss in the prior year, with a net loss per share of $0.41 versus $0.61 in 2020. The company introduced several initiatives, including a subscription-based digital marketing program for restaurants and partnerships aimed at enhancing its service offerings. RDE remains optimistic about future growth driven by strategic partnerships and market demand.
RDE, Inc. (OTCQB: RSTN) has partnered with TakeOut7, enhancing its capabilities for restaurant partners. This collaboration aims to improve online ordering, delivery, and marketing services for local restaurants. CEO Ketan Thakker highlighted the partnership's potential to provide valuable tools for restaurants to engage with consumers effectively. TakeOut7's innovative approach is expected to empower restaurant owners, enabling them to strengthen their brands and grow profitability. This strategic alliance positions RDE to better serve over 184,000 restaurant clients nationwide.
RDE, Inc. (RSTN) has announced its acquisition of GameIQ, the developer of the Spindy cash rewards app, expected to close in February 2022. This strategic move aims to enhance marketing capabilities for restaurants by leveraging gamified consumer engagement through cash rewards. RDE's CEO, Ketan Thakker, emphasized broadening service offerings that will include targeted marketing and digital rewards programs. GameIQ's CEO, Balazs Wellisch, expressed excitement about combining their technologies for enriching consumer dining experiences and driving restaurant sales.
RDE, Inc. (RSTN) has announced a new subscription-based marketing program set to launch in Q1 2022. This initiative aims to provide partnered restaurants with tailored marketing services, including customer insights, email features, and customized content. The program, developed in collaboration with Jackson & Partners, will enable restaurants to enhance their marketing efforts and drive new customer traffic. CEO Ketan Thakker expressed optimism that the subscription model will increase revenue for participating restaurants while offering cost-effective digital marketing solutions.
RDE, Inc. (OTCQB: RSTN) announced the launch of a curated digital deal marketplace aimed at enhancing marketing options for restaurants. This platform allows restaurants to offer tailored deals, such as complimentary entrees and wine, to attract new customers. CEO Ketan Thakker highlighted the initiative as a pivotal step in RDE's digital evolution, promising sustainable growth. Celebrity Chef Fabio Viviani expressed enthusiasm for the collaboration, indicating benefits for both restaurants and customers. This move aims to strengthen RDE's market presence and drive revenue growth for its restaurant partners.
RDE, Inc. (OTCQB: RSTN) is expanding its consumer products line to include travel, Broadway shows, and events, enhancing its digital deals brand. Currently, Restaurant.com connects 7.8 million customers to over 200,000 dining options nationwide. CEO Ketan Thakker expresses optimism about this expansion post-Covid, aiming to enrich customer experiences. The new offerings will be available to registered users through Restaurant.com and its mobile apps, following successful marketing campaigns.
RDE, Inc. (RSTN) has announced a collaboration with Performance Foodservice, a division of Performance Food Group Company (PFGC), to provide marketing services through Restaurant.com. This partnership aims to help restaurants attract new customers and enhance their marketing strategies. The collaboration leverages Performance Foodservice's One Source Solution Partners program, connecting restaurant clients with essential resources for operational and marketing support. The initiative is expected to drive additional revenue for participating restaurants.
RDE, Inc. (OTCQB:RSTN) has launched an updated website for Restaurant.com, enhancing user experience with improved functionality. CEO Ketan Thakker highlighted the focus on search, mapping, and geo-location capabilities to increase engagement and revenue. The revamped homepage features larger images and updated content to attract diners. RDE aims to capitalize on the returning restaurant traffic as the fall season approaches, showcasing its dedication to connecting consumers with dining deals effectively.
RDE, Inc. (OTCQB:RSTN) is expanding its relationship with celebrity chef Fabio Viviani to enhance its brand presence in the restaurant industry. Following Viviani's successful three-month tenure on the Restaurant Advisory Board, the collaboration will include consulting services, virtual cooking events, and access to exclusive recipes. CEO Ketan Thakker expressed confidence in these initiatives to increase revenue as the industry recovers post-COVID-19. The partnership exemplifies a strategic move to leverage industry expertise and strengthen consumer engagement.
RDE, Inc. (OTCQB:RSTN) has appointed Vincent 'Bo' Jackson to its Restaurant Advisory Board, enhancing its relationships within the restaurant industry. Jackson, a dual-sport All-Star athlete, brings extensive business experience through Jackson & Partners, focusing on brand development and marketing in the food sector. CEO Ketan Thakker stated that this partnership is timely as the restaurant industry recovers from COVID-19 restrictions, aiming to improve visibility and support for restaurants. RDE, Inc. operates Restaurant.com, which offers digital dining deals nationwide.
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