RDE reports Q1 revenue $20M

Ketan Thakker, Chief Executive Officer of RDE, Inc., commented, “Our second quarter and first half 2024 results demonstrate the increased efficiencies we identified and executed upon with the acquisition of CardCash.com at the end of 2023. The increased gross profit and gross margins are meaningful and drive incremental dollars to our operating line, which has been improving with each quarter. Backing out the non-cash and one-time expenses, which were mostly from the CardCash.com acquisition, we operated at near breakeven and reported a Modified EBITDA loss of just $357,229 for the second quarter.”