RDE, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year Ended December 31, 2022
February 28, 2023 at 08:30 am EST
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RDE, Inc. provided earnings guidance for the fourth quarter and full year ended December 31, 2022. For the quarter, revenue is projected to increase 20% to approximately $1.0 million, compared to $0.9million. Operating loss is expected to improve by 11% to approximately ($0.7) million compared to ($0.8) million. Net loss is expected to improve by 9% to approximately ($0.8) million compared to ($0.8) million.
For the year, Revenue is projected to increase 34% to approximately $4.4 million, compared to $3.3 million. Operating loss is expected to improve by 58% to approximately ($2.3) million compared to ($5.5) million. Net loss is expected to improve by 74% to approximately ($1.3) million compared to ($5.0) million.
RDE, Inc. owns and operates Restaurant.com. Restaurant.com is a pioneer in the restaurant deal space and the nationâs restaurant-focused digital deals brand. Its Specials by Restaurant.com division bundles Restaurant.com Gift Cards with a variety of other entertainment options, including theater, movies, live events, attractions and wine. Restaurant.com, Specials by Restaurant.com and its Corporate Incentives division connect digital consumers, businesses and communities offering thousands of dining, retail and entertainment deal options nationwide at over 184,000 restaurants and retailers. The Companyâs divisions include the Business to Customer, the Business to Business and all other services and products divisions. Through its websites, www.restaurant.com, www.specials.restaurant.com, and mobile iOS and Android apps, it provides affordable dining and entertainment experiences. Its CardCash.com platform enables consumers to sell gift cards and purchase the ones they want.
RDE, INC. 
