Looking back on Q3, we at PublicSquare have had some incredible developments.
- We increased Third Quarter Net Revenue ($6.5M) by 222% YoY.
- We increased our Gross Margin YoY from 27% in 3Q23 to 64% in 3Q24.
- We increased the first 9 months of the year revenue ($16M) by 444% YoY.
- Announced the official launch of our cancel-proof payments platform, PublicSquare Payments, and successfully processed the first merchant transactions.
- Executed contracts that could result in over $1B in annualized payments processing Gross Merchandise Value (GMV), well ahead of our initial goal of signing these contracts by the beginning of the Christmas shopping season.
- In October, we activated our first enterprise merchant, who is expected to process more than $100M annually on our platform.
- We conducted a restructuring of the business that will result in annualized savings of ~$11M.
- Order volume on the marketplace grew 13% Quarter-over-quarter.
- We facilitated $53 million in 'Buy Now Pay Later' transactions year-to-date, with an average contract value of $1,024.
- EveryLife Q3 revenue grew 126% year over year, and in October, we achieved the brand's first $1M+ month in sales.
Our journey thus far has been remarkable. In just a few short years, we’ve had the opportunity to serve millions of consumers and tens of thousands of business owners who value life, family, and freedom across our great country.
With a significant electoral win last week, we have fresh 'wind in our sails' and anticipate major moves for our business as we head into 2025.
We’re changing the country through the power of commerce, and we’re glad to have you on the journey with us.
$PSQH PublicSquare ????
