PSQ Holdings, Inc. reported a 1,030% year-over-year increase in net revenue for Q2 2024, reaching $6.0 million. This quarterly revenue surpassed the company's full-year 2023 net revenue. Gross margin improved to 67% from 43% in Q1 2024, while cash flow operating expenses rose by only 49% compared to Q2 2023.The company announced plans to launch its payments platform, with over $200 million in annualized GMV already under contract and aims to reach $1.0 billion by the 2024 holiday season. PSQ Holdings will consolidate its branding under "PublicSquare", sunsetting the "Credova" brand name. The company also secured a $10 million convertible note to fund its payments business expansion.Looking ahead, PSQ Holdings plans to launch EveryLife soaps & lotions in Q3 2024, expand to South Korea in Q4, and introduce Eden feminine care products in Q1 2025. The company expects its SaaS offerings to grow, potentially reducing the revenue share of its brands segment in the medium to long term.

PSQ Holdings, Inc. reported a 1,030% year-over-year increase in net revenue for Q2 2024, reaching $6.0 million. This quarterly revenue surpassed the company's full-year 2023 net revenue. Gross margin improved to 67% from 43% in Q1 2024, while cash flow operating expenses rose by only 49% compared to Q2 2023.The company announced plans to launch its payments platform, with over $200 million in annualized GMV already under contract and aims to reach $1.0 billion by the 2024 holiday season. PSQ Holdings will consolidate its branding under "PublicSquare", sunsetting the "Credova" brand name. The company also secured a $10 million convertible note to fund its payments business expansion.Looking ahead, PSQ Holdings plans to launch EveryLife soaps & lotions in Q3 2024, expand to South Korea in Q4, and introduce Eden feminine care products in Q1 2025. The company expects its SaaS offerings to grow, potentially reducing the revenue share of its brands segment in the medium to long term.