PSQ Holdings, Inc. reported a 222% year-over-year increase in net revenue to $6.5 million for Q3 2024, with gross margin improving to 64% from 27% in Q3 2023. The company ended the quarter with $5.7 million in cash and cash equivalents, including $1.0 million in restricted cash.PublicSquare announced the launch of its cancel-proof payments platform, securing contracts potentially resulting in over $1.0 billion in annualized payments processing Gross Merchandise Value. The company implemented a strategic reorganization plan, reducing its workforce by ~35% to save approximately $11.0 million annually.Looking ahead, PublicSquare aims to strengthen its BNPL and payment processing solutions, integrate fintech offerings across its merchant network, and expand its B2B-centric model. The company expects all segments to achieve positive cash flows on a standalone basis during 2025, with the goal of becoming cash flow positive as an organization by the latter half of 2025.

PSQ Holdings, Inc. reported a 222% year-over-year increase in net revenue to $6.5 million for Q3 2024, with gross margin improving to 64% from 27% in Q3 2023. The company ended the quarter with $5.7 million in cash and cash equivalents, including $1.0 million in restricted cash.PublicSquare announced the launch of its cancel-proof payments platform, securing contracts potentially resulting in over $1.0 billion in annualized payments processing Gross Merchandise Value. The company implemented a strategic reorganization plan, reducing its workforce by ~35% to save approximately $11.0 million annually.Looking ahead, PublicSquare aims to strengthen its BNPL and payment processing solutions, integrate fintech offerings across its merchant network, and expand its B2B-centric model. The company expects all segments to achieve positive cash flows on a standalone basis during 2025, with the goal of becoming cash flow positive as an organization by the latter half of 2025.