RDE, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year Ended December 31, 2022
February 28, 2023 at 08:30 am
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RDE, Inc. provided earnings guidance for the fourth quarter and full year ended December 31, 2022. For the quarter, revenue is projected to increase 20% to approximately $1.0 million, compared to $0.9million. Operating loss is expected to improve by 11% to approximately ($0.7) million compared to ($0.8) million. Net loss is expected to improve by 9% to approximately ($0.8) million compared to ($0.8) million.
For the year, Revenue is projected to increase 34% to approximately $4.4 million, compared to $3.3 million. Operating loss is expected to improve by 58% to approximately ($2.3) million compared to ($5.5) million. Net loss is expected to improve by 74% to approximately ($1.3) million compared to ($5.0) million.
RDE, Inc. owns and operates Restaurant.com, a pioneer in the restaurant deal space and the nationâs restaurant-focused digital deals brand. The Company has two principal divisions, business-to-consumer (B2C) and business-to-business (B2B), for both CardCash and for Restaurant.com. CardCash operates as a gift card exchange platform, facilitating the purchase and sale of unused gift cards at discounted rates for both consumers and businesses. CardCashâs core service offering includes the buying and selling of gift cards from over 1,100 retailers, such as Target, Home Depot, Starbucks and TJ Maxx, among others. In addition to its consumer-focused operations, CardCash provides white-label solutions for brands, allowing them to integrate gift card exchange capabilities into their own platforms. Its Specials by Restaurant.com, which bundles Restaurant.com certificates with a variety of other entertainment options, including theatre, movies, wine and travel.