PSQ Q1 2024 Earnings Report
Key Takeaways
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.
Net revenue increased 9.2x compared to the first quarter of 2023.
Cash flow operating expenses only rose 2.2x compared to the first quarter of 2023.
Pro forma first quarter net revenue exceeded all of 2023 net revenue.
The company is focusing on the Marketplace, Financial Technology, and Brands segments.
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Forward Guidance
The Company’s updated 2024 Outlook assumes changes to segment guidance only. Revenue, profitability, and cash position outlook remain unchanged.