PublicSquare reported Q4 2024 revenue of $7.2 million, a 167% year-over-year increase driven by its Financial Technology and Brands segments. Gross margin expanded to 61%, reflecting improved operational efficiency. However, the company recorded a net loss of $20.7 million due to high operating expenses. Cash and cash equivalents rose to $36.3 million, providing financial stability for future growth.
PublicSquare reported a 222% increase in net revenue year-over-year and a gross margin of 64% for the third quarter of 2024. The company is prioritizing its Fintech opportunity, having signed contracts for over $1.0 billion in potential annualized gross merchandise value for payments.
PublicSquare reported strong second-quarter results, with revenue growth outpacing expense growth. The company is focused on developing its payments business and expects to launch its payments platform soon. A $10 million convertible note investment will support this initiative.
PublicSquare's first quarter 2024 showed significant growth, with net revenue increasing 9.2x compared to Q1 2023. Pro forma first quarter net revenue exceeded the entire 2023 net revenue. The company is focusing on developing its Marketplace, Financial Technology, and Brands segments, with PSQPayments being a key development.
PublicSquare reported year-end 2023 financial results, highlighting a 12x increase in year-over-year net revenue. The company listed on the NYSE, built a commerce ecosystem, and launched its first wholly-owned D2C and B2B products.
PublicSquare reported a transformational third quarter with a 16x increase in year-over-year net revenue. The company launched EveryLife, its first wholly-owned subsidiary, and introduced an eCommerce marketplace. They reiterate the expectation of achieving their first profitable quarter in 2024.
PublicSq. announced its Q2 2023 financial results, highlighting significant growth in consumer members and businesses on its platform since its nationwide launch. The company's first direct-to-consumer brand, EveryLife, launched in July and generated estimated revenue of $300,000 in its first 19 days.