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RDE reports Q1 EPS (13c) vs. (3c) last year

Reports Q1 revenue $21.5M vs. $24.2M last year. Ketan Thakker, Chief Executive Officer of RDE, Inc., commented, “We are very pleased with our initial three months owning CardCash.com and the increased efficiencies we have already realized, which is evident with our increased gross profit and improved gross margins. Backing out the non-cash and one-time expenses, which were mostly from the CardCash.com acquisition, we operated at near breakeven. The combination with CardCash.com is transformational and we look forward to the cross-selling marketing opportunities and new growth prospects to drive our expected increase in revenue over the remainder of 2024 and into 2025. Our strong balance sheet, led by $5.4 million in cash, puts us in a strong position to be able to execute on continued growth and profitability.”

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