RDE reports 2023 revenue $86.6M

Gross profit margin of 12.05%, as compared to a gross margin of 10.8% in the prior year period. Of note, due to accounting rules, recognized revenue represents only revenue derived from CardCash.com. Going forward in 2024, both revenue from CardCash.com and Restaurant.com will be recognized. “2023 was a transformational year for the Company, culminating in our acquisition of CardCash.com which significantly expands our cross-selling marketing opportunities and provides our loyal customers at Restaurant.com and CardCash.com with a broader range of gift card options,” stated Ketan Thakker, CEO of RDE. “We are extremely pleased with our financial performance in 2023 and believe the steps we have taken, and the efficiencies gained, will translate into increased profitability in 2024. I wanted to thank our loyal shareholders and employees for their continued support.”