Psq Holdings, Inc. ( (PSQH) ) has released its Q4 earnings. Here is a breakdown of the information Psq Holdings, Inc. presented to its investors.
PublicSquare, operating under PSQ Holdings, Inc., is a leading commerce and payments ecosystem in the United States, focusing on life, family, and liberty, with operations spanning Financial Technology, Marketplace, and Brands segments.
In its latest earnings report, PublicSquare announced a significant financial performance for the fourth quarter and full year 2024, highlighting substantial revenue growth and improved gross margins. The company has expressed optimism for continued growth in 2025, with expectations of more than doubling its revenue and reducing operating expenses.
For the fourth quarter of 2024, PublicSquare reported a net revenue of $7.2 million, marking a 167% increase from the previous year. The company’s gross margin also improved significantly to 61% from 38% in the prior year. For the full year, net revenue reached $23.2 million, a remarkable 308% increase from 2023, with the Financial Technology segment contributing $10.1 million.
Despite the impressive revenue growth, PublicSquare reported a net loss of $57.7 million for the year, primarily due to high operating expenses. However, the company maintains a strong liquidity position with $36.3 million in cash and cash equivalents and a manageable debt level.
Looking ahead, PublicSquare’s management is optimistic about 2025, anticipating revenue growth exceeding 100% and a decrease in operating expenses, driven by strategic investments and organizational changes implemented in 2024.