Rde, Inc. Reports Earnings Results for the Full Year Ended December 31, 2020
June 11, 2021 at 10:28 pm
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RDE, Inc. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was USD 2.645 million. Operating loss was USD 4.684 million compared to USD 1.676 million a year ago. Net loss was USD 3.775 million compared to USD 13.982 million a year ago. Basic loss per share was USD 0.61 compared to USD 4.69 a year ago. Basic loss per share from continuing operations was USD 1.08 compared to USD 0.96 a year ago.
RDE, Inc. owns and operates Restaurant.com, a pioneer in the restaurant deal space and the nationâs restaurant-focused digital deals brand. The Company has two principal divisions, business-to-consumer (B2C) and business-to-business (B2B), for both CardCash and for Restaurant.com. CardCash operates as a gift card exchange platform, facilitating the purchase and sale of unused gift cards at discounted rates for both consumers and businesses. CardCashâs core service offering includes the buying and selling of gift cards from over 1,100 retailers, such as Target, Home Depot, Starbucks and TJ Maxx, among others. In addition to its consumer-focused operations, CardCash provides white-label solutions for brands, allowing them to integrate gift card exchange capabilities into their own platforms. Its Specials by Restaurant.com, which bundles Restaurant.com certificates with a variety of other entertainment options, including theatre, movies, wine and travel.