GIFT

Gross Profit Grows 14.2% to $4.4 Million on 180 Basis Point Margin Expansion Net Loss Improves 52.1% to $1.2 Million, or $(0.04) Per Share; Interest Expense Declines 18.6% Modified EBITDA Improves to $126,036 from $(150,236) in the Prior Year Period SCHAUMBURG, IL, Aug. 03, 2026 (GLOBE NEWSWIRE) -- Giftify, Inc. (NASDAQ: GIFT) (the “Company”), the owner and operator of CardCash.com and Restaurant.com, today announced financial results for the second quarter ended June 30, 2026. Second Quarter 2026 Financial Highlights Gross billings, the total dollar value of customer transactions processed through Giftify’s marketplaces, increased 26.2% to $45.5 million, compared to $36.1 million in the second quarter of 2025. Net sales increased 4.0% to $21.7 million, compared to $20.9 million in the second quarter of 2025. Gross profit increased 14.2% to $4.4 million, compared to $3.9 million in the second quarter of 2025. Gross margin expanded to 20.2%, compared to 18.4% in the second quarter of 2025, an improvement of 180 basis points. Loss from operations improved to $1.3 million, compared to $2.6 million in the second quarter of 2025. Net loss improved to $1.2 million, or $(0.04) per share, compared to $2.6 million, or $(0.09) per share, in the second quarter of 2025. Interest expense declined to $116,725, compared to $143,374 in the second quarter of 2025, reflecting the Company’s reduced debt balance. Modified EBITDA was $126,036, compared to $(150,236) in the second quarter of 2025. Cash and cash equivalents were $3.9 million as of June 30, 2026, compared to $3.7 million at December 31, 2025. Gross Billings Grew 26% in the Second Quarter Gross billings, the total dollar value of customer transactions processed through Giftify’s marketplaces, increased 26.2% year over year to $45.5 million in the second quarter of 2026, compared to $36.1 million in the second quarter of 2025, outpacing 4.0% growth in net sales to $21.7 million. The gap reflects a higher proportion of transactions in which Giftify acts as agent rather than principal, recognizing revenue on a net commission basis rather than a gross basis. Agent transactions represented approximately 7% of net sales in the second quarter of 2026 and approximately 8% for the six months ended June 30, 2026, compared to approximately 5% in each respective period of 2025. Net revenue recognized on an agent basis increased $509,862, or 46.6%, for the three months ended June 30, 2026, and $1,109,603, or 51.9%, for the six months ended June 30, 2026, compared to the respective prior year periods. Second Quarter 2026 Corporate Update Capital One Shopping Distribution Partnership: CardCash.com entered a new distribution partnership with Capital One Shopping, facilitated through the Rakuten affiliate network. The partnership launched April 1, 2026, with an insertion order covering the second quarter of 2026 (April 1 through June 30) and structured as a flat fee plus commission, surfacing CardCash’s discounted gift card inventory to Capital One Shopping’s user base. Follett Higher Education Partnership: CardCash.com entered a new partnership with Follett Higher Education to bring gift card exchange capabilities to campus bookstore locations nationwide. The partnership is expected to reach approximately 700 campus bookstore locations by August 2026, including stores serving Stanford University and the University of Texas. Management Commentary “Our second quarter results reflect continued progress on the fundamentals of our business,” said Ketan Thakker, President and Chief Executive Officer. “Gross billings grew 26% year-over-year to $45.5 million, and we expanded gross margin by 180 basis points to 20.2%, aided by a higher mix of agent transactions on the CardCash platform. Net loss improved by more than half compared to the prior year period, benefiting from a meaningful reduction in stock-based compensation expense and lower interest expense as we continue to manage down our debt balance. Thakker continued, “We remain focused on growing gross billings, expanding margins, and reducing costs, while continuing to evaluate sources of capital to support our operations. Second Quarter 2026 Financial Results Net sales for the second quarter of 2026 were $21.7 million compared to $20.9 million in the second quarter of 2025, an increase of 4.0%. Merchant gift card sales accounted for approximately 97% and 98% of net sales for the three months ended June 30, 2026 and 2025, respectively. Gross profit for the second quarter of 2026 increased 14.2%, or $548,019, to $4.4 million from $3.9 million in the second quarter of 2025. Gross margin expanded to 20.2% from 18.4%, an improvement of 180 basis points, positively impacted by the increase in net revenue from agent transactions described above. Selling, general and administrative expenses were $5.0 million for the second quarter of 2026, compared to $5.7 million in the second quarter of 2025, a decrease of $735,978. The decrease was due to a reduction in stock-based compensation expense of $908,871, offset by increased employee compensation, legal and professional fees, and other general expenses. Loss from operations was $1.3 million for the second quarter of 2026, compared to $2.6 million in the second quarter of 2025. Interest expense declined to $116,725 from $143,374 in the second quarter of 2025, reflecting the Company’s reduced debt balance. Net loss for the second quarter of 2026 was $1.2 million, or $(0.04) per share, compared to $2.6 million, or $(0.09) per share, in the second quarter of 2025. The improvement was driven by higher gross profit, lower stock-based compensation expense, and lower interest expense. Modified EBITDA was $126,036 for the second quarter of 2026, compared to $(150,236) in the second quarter of 2025. Six Months 2026 Financial Results Net sales for the six months ended June 30, 2026 were $43.1 million compared to $43.2 million in the same period of 2025, a decrease of 0.2%, primarily reflecting an increased proportion of agent transactions recognized on a net basis. Gross billings for the six months ended June 30, 2026 increased 25.6% to $90.6 million, compared to $72.1 million in the same period of 2025. Gross profit for the six months ended June 30, 2026 increased 16.3%, or $1.2 million, to $8.6 million from $7.4 million in the same period of 2025. Gross margin expanded to 20.1% from 17.2%, an improvement of 290 basis points. Selling, general and administrative expenses were $11.2 million for the six months ended June 30, 2026, compared to $11.8 million in the same period of 2025, a decrease of $606,475, reflecting a $1.5 million reduction in stock-based compensation expense, offset by increased payroll and benefits expenses, marketing and advertising costs, and other general expenses. Loss from operations was $3.9 million for the six months ended June 30, 2026, compared to $5.7 million in the same period of 2025. Interest expense declined to $233,440 from $352,945 in the same period of 2025, reflecting the Company’s reduced debt balance. Net loss for the six months ended June 30, 2026 was $3.9 million, or $(0.11) per share, compared to $5.8 million, or $(0.20) per share, in the same period of 2025. The improvement was driven by higher gross profit, lower stock-based compensation expense, lower interest expense, and an income tax benefit. Modified EBITDA was $(606,800) for the six months ended June 30, 2026, compared to $(776,557) in the same period of 2025. Non-GAAP Financial Measures and Operating Metrics Gross Billings. Gross billings represent the total dollar value of customer purchases of goods and services, net of customer refunds and order discounts. A significant portion of the Company’s revenue transactions consist of sales of discounted merchant gift cards in which the Company collects the transaction price from the customer and remits a portion to third-party suppliers. For these transactions, gross billings differ from net sales reported in the Company’s Consolidated Statements of Operations, which is presented net of the merchant’s share of the transaction price. Gross billings are an indicator of the Company’s growth and business performance as they measure the dollar volume of transactions generated through its marketplaces. Modified EBITDA. Modified EBITDA is not a recognized measurement under GAAP and should not be considered as an alternative to net income, income from operations, or any other performance measure derived in accordance with GAAP, or as an alternative to cash flow from operating activities as a measure of liquidity. The Company defines Modified EBITDA as net income (loss), plus interest expense, depreciation and amortization, stock-based compensation, and fair value of common stock issued for services. The Company believes Modified EBITDA helps investors and analysts compare performance across reporting periods on a consistent basis by excluding items not indicative of core operating performance. About Giftify, Inc. Giftify, Inc. (NASDAQ: GIFT) is a pioneer in the incentive and rewards industry with a focus on retail, dining, and entertainment experiences, as the owner and operator of leading digital platforms, CardCash.com and Restaurant.com. CardCash.com is a leading secondary gift card exchange platform, allowing consumers and retailers to realize value by buying and selling gift cards at various scales from over 1,100 retailers. Restaurant.com is the nation’s largest restaurant-focused digital deals brand, connecting digital consumers, businesses, and communities by offering thousands of dining, retail, and entertainment deal options nationwide at over 182,500 restaurants and retailers. For more information, visit www.giftifyinc.com, www.cardcash.com, and www.restaurant.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding Giftify’s future financial and operational performance, business strategy, and market position. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to: changes in consumer spending patterns; competition in the gift card and restaurant deals markets; the Company’s ability to maintain and expand relationships with merchants and corporate clients; the Company’s ability to achieve and maintain profitability; the Company’s liquidity and ability to raise additional capital; general economic conditions; and other risks detailed in the Company’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The Company has identified substantial doubt about its ability to continue as a going concern, as disclosed in the accompanying Form 10-Q; see the Form 10-Q for further detail. The forward-looking statements in this press release are made as of the date hereof, and Giftify undertakes no obligation to update these statements or to explain the reasons why actual results may differ. Investor Contact: Giftify, Inc. | [email protected] GIFTIFY, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS GIFTIFY, INC. AND SUBSDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONSFor the Three and Six Months Ended June 30, 2026 and 2025(Unaudited) Non-GAAP Financial Measure - Modified EBITDA In addition to our GAAP results, we present Modified EBITDA as a supplemental performance measure. However, Modified EBITDA is not a recognized measurement under GAAP and should not be considered as an alternative to net income, income from operations or any other performance measure derived in accordance with GAAP, or as an alternative to cash flow from operating activities as a measure of liquidity. We define Modified EBITDA as net income (loss), plus interest expense, depreciation and amortization, stock-based compensation, and fair value of common stock issued for services. Management considers our core operating performance to be that which our managers can affect in any particular period through their management of the resources that affect our underlying revenue and profit-generating operations during that period. Non-GAAP adjustments to our results prepared in accordance with GAAP are itemized below. You are encouraged to evaluate these adjustments and the reasons we consider them appropriate for supplemental analysis. In evaluating Modified EBITDA, you should be aware that in the future we may incur expenses that are the same as or similar to some of the adjustments in this presentation. Our presentation of Modified EBITDA should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items. Set forth below is a reconciliation of net loss to Modified EBITDA for the three months ended June 30, 2026 and 2025 (unaudited): We present Modified EBITDA because we believe it helps investors and analysts compare our performance across reporting periods on a consistent basis by excluding items we do not believe are indicative of our core operating performance. In addition, we use Modified EBITDA to develop our internal budgets, forecasts, and strategic plan; to analyze the effectiveness of our business strategies and evaluate potential acquisitions; to make compensation decisions; and to communicate with our board of directors regarding our financial performance. Modified EBITDA has limitations as an analytical tool, which include, among others, the following: Set forth below is a reconciliation of net loss to Modified EBITDA for the six months ended June 30, 2026 and 2025 (unaudited):

Gross Profit Grows 18.5% to $4.2 Million on 380 Basis Point Margin Expansion Net Loss Improves 17.6% to $2.7 Million, or $(0.08) Per Share; Interest Expense Declines 44% CardCash Buy Orders, Average Order Value, and New Seller Acquisition All Reach Multi-Year Highs in Q1 2026 SCHAUMBURG, IL, May 12, 2026 (GLOBE NEWSWIRE) -- Giftify, Inc. (NASDAQ: GIFT) (the “Company”), the owner and operator of CardCash.com and Restaurant.com, and a leader in the incentives and rewards industry, today announced financial results for the first quarter ended March 31, 2026, and provided a corporate update on key operational initiatives and marketplace performance during the period. First Quarter 2026 Financial Highlights: Gross billings (the total dollar value of customer transactions processed through Giftify’s marketplaces) increased 25.0% to $45.0 million, compared to $36.0 million in Q1 2025 Gross profit increased 18.5% to $4.2 million, compared to $3.6 million in Q1 2025 Gross margin expanded to 19.9%, compared to 16.1% in Q1 2025, an improvement of 380 basis points Net loss improved 17.6% to $2.7 million, or $(0.08) per share, compared to $3.2 million, or $(0.11) per share, in Q1 2025 Loss from operations improved 15.8% to $2.7 million, compared to $3.2 million in Q1 2025 Interest expense declined 44.3% year-over-year to $116,715, reflecting the Company’s reduced debt balance Modified EBITDA was $(728,442), compared to $(626,320) in Q1 2025 Net sales were $21.4 million, compared to $22.3 million in Q1 2025; the variance reflects a strategic shift toward agent transactions recognized on a net commission basis, not a reduction in transaction activity Cash and cash equivalents increased to $4.2 million as of March 31, 2026, from $3.7 million at December 31, 2025; net cash used in operating activities improved to $36,697 from $688,470 in Q1 2025 Revenue Mix Reflects Continued Shift Toward Agent Transactions While reported net sales for Q1 2026 were $21.4 million compared to $22.3 million in Q1 2025, this reflects an evolving transaction mix rather than a reduction in underlying business activity. Gross billings, which represent the total dollar value of customer transactions, increased 25.0% year-over-year to $45.0 million, reflecting robust marketplace momentum across CardCash and Restaurant.com. The variance between gross billings growth and reported net sales is attributable to an increased proportion of transactions in which Giftify acts as an agent rather than a principal. In agent transactions, the Company facilitates the connection between suppliers and customers without taking inventory risk, and revenue is recognized on a net basis representing only the Company’s commission. Agent transactions represented approximately 8% of net sales in Q1 2026, compared to approximately 4% in Q1 2025. CardCash Marketplace Performance: Q1 2026 Metrics Confirm Multi-Year Demand Strength The Company entered 2026 with accelerating momentum across both sides of the CardCash marketplace, and the quarterly financial results reflect the underlying demand dynamics previewed in the Company’s pre-announced operational releases earlier this year. Sell-Side: CardCash completed 70,954 sell orders from January 1 through March 15, 2026, a 14.2% increase compared to 62,117 orders during the same period in 2025. New seller acquisition reached 25,508 first-time sellers, up 18.5% year-over-year, expanding the available card inventory that powers buy-side fulfillment. Buy-Side: CardCash processed 112,084 buy orders through March 22, 2026, up from 105,583 in the prior year period. The week ending March 16, 2026 recorded 10,386 buy orders, among the platform’s strongest single-week figures since 2020, with a buy-to-sell ratio of 2.07 to 1. Average Order Value: Average buyer order value reached $384 through March 22, 2026, up 15.4% year-over-year, with a peak week average of $429, the highest the platform has recorded since 2020. Return on ad spend held in the 2.75 to 3.14x range through the quarter, and the Rakuten affiliate channel continued to deliver year-over-year growth in both net sales and average order value. The concurrent growth on both sides of the marketplace, including expanded seller supply improving selection depth, higher buyer order volumes, and strengthening spend per transaction, reflects the self-reinforcing dynamic that drives operating leverage as the CardCash platform scales. The Q1 2026 financial results, including 380 basis points of gross margin expansion, are consistent with the demand trends the Company communicated in its pre-quarter operational updates. Q1 2026 Corporate Update In addition to its marketplace performance, Giftify advanced the following strategic initiatives during and immediately following Q1 2026: CardCash AI Order Review System Deployed (March 2026): The Company launched its second AI agent, an automated order review system operating at 85% accuracy and currently performing the equivalent capacity of two full-time reviewers. Three additional agents are nearing completion as part of a structured five-agent roadmap designed to systematically reduce the variable cost base and improve operating leverage as transaction volume scales. Restaurant.com AI-Driven Development Model Live (March 2026): Giftify deployed AI tools across the full Restaurant.com development lifecycle, enabling the team to deliver platform improvements at accelerated speed. Passwordless registration for new users is now live, with a pipeline of additional enhancements targeting checkout friction, deal discovery, and overall user experience. Capital One Shopping Distribution Partnership Launched (April 1, 2026): CardCash.com entered a new distribution partnership with Capital One Shopping, facilitated through the Rakuten affiliate network, surfacing discounted gift card inventory to tens of millions of savings-focused consumers at high-intent shopping moments. The Q2 2026 insertion order is structured as a flat fee plus commission. CardCash Fraud Detection Enhancement (Q1 2026): CardCash reduced fraud-related order declines by 56% year-over-year in Q1 2026, approving over 100,000 customer orders at an approval rate above 96%. The improvement was driven by continued refinement of proprietary fraud models, expanded deployment of automated screening tools, and deepened integration with external risk data partnerships, enabling more effective identification of legitimate transactions while maintaining strong controls across the marketplace. Management Commentary “The first quarter of 2026 demonstrates the compounding nature of what we are building at Giftify,” said Ketan Thakker, President and Chief Executive Officer. “Gross billings grew 25% year-over-year, gross margin expanded 380 basis points, and net loss improved by nearly 18%, all while we advanced our AI agent roadmap, strengthened both sides of the CardCash marketplace, and established a new distribution partnership with Capital One Shopping that extends our reach to tens of millions of savings-focused consumers. The buy-side and sell-side metrics we shared with investors ahead of this report are now confirmed in our quarterly results, and the connection is direct: when sellers find CardCash to be an attractive platform and buyers engage at five-year-high spending levels, that marketplace dynamic flows through to gross margin expansion and improved operating performance. That is the trajectory we intend to sustain.” First Quarter 2026 Financial Results Net sales for Q1 2026 were $21.4 million compared to $22.3 million in Q1 2025, a decrease of 4.1%, primarily reflecting an increased proportion of agent transactions recognized on a net basis. Merchant gift card sales accounted for approximately 97% of net sales for the quarter. Gross profit for Q1 2026 increased 18.5% to $4.2 million from $3.6 million in Q1 2025. Gross margin expanded 380 basis points to 19.9% from 16.1%, driven by the favorable impact of an increased proportion of agent transactions and continued pricing and operational efficiencies. Selling, general and administrative expenses were $6.2 million for Q1 2026, compared to $6.0 million in Q1 2025. The change reflects increased employee compensation, legal and professional fees, and other general expenses, partially offset by a $606,865 reduction in stock-based compensation expense. Loss from operations was $2.7 million for Q1 2026, compared to $3.2 million in Q1 2025, an improvement of 15.8%. Interest expense declined 44.3% to $116,715 from $209,571 in Q1 2025, reflecting the Company’s reduced debt balance. Net loss for Q1 2026 was $2.7 million, or $(0.08) per share, compared to $3.2 million, or $(0.11) per share, in Q1 2025, an improvement of 17.6%. Net cash used in operating activities improved substantially to $36,697 from $688,470 in Q1 2025. As of March 31, 2026, the Company had cash and cash equivalents of $4.2 million, including $750,000 of restricted cash collateral supporting the revolving line of credit. Non-GAAP Financial Measures and Operating Metrics Gross Billings. Gross billings represent the total dollar value of customer purchases of goods and services, net of customer refunds and order discounts. A significant portion of the Company’s revenue transactions consist of sales of discounted merchant gift cards in which the Company collects the transaction price from the customer and remits a portion to third-party suppliers. For these transactions, gross billings differ from net sales reported in the Company’s Consolidated Statements of Operations, which is presented net of the merchant’s share of the transaction price. Gross billings are an indicator of the Company’s growth and business performance as they measure the dollar volume of transactions generated through its marketplaces. Modified EBITDA. Modified EBITDA is not a recognized measurement under GAAP and should not be considered as an alternative to net income, income from operations, or any other performance measure derived in accordance with GAAP, or as an alternative to cash flow from operating activities as a measure of liquidity. The Company defines Modified EBITDA as net income (loss), plus interest expense, depreciation and amortization, stock-based compensation, and fair value of common stock issued for services. The Company believes Modified EBITDA helps investors and analysts compare performance across reporting periods on a consistent basis by excluding items not indicative of core operating performance. About Giftify, Inc. Giftify, Inc. (NASDAQ: GIFT) is a pioneer in the incentive and rewards industry with a focus on retail, dining, and entertainment experiences, as the owner and operator of leading digital platforms, CardCash.com, and Restaurant.com. CardCash.com is a leading secondary gift card exchange platform, allowing consumers and retailers to realize value by buying and selling gift cards at various scales from over 1,100 retailers. Restaurant.com is the nation’s largest restaurant-focused digital deals brand, connecting digital consumers, businesses, and communities by offering thousands of dining, retail, and entertainment deal options nationwide at over 184,000 restaurants and retailers. For more information, visit www.giftifyinc.com, www.cardcash.com, and www.restaurant.com Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding Giftify’s future financial and operational performance, business strategy, AI deployment roadmap, marketplace growth, and market position. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to: changes in consumer spending patterns; competition in the gift card and restaurant deals markets; our ability to maintain and expand relationships with merchants and corporate clients; our ability to achieve and maintain profitability; our liquidity and ability to raise additional capital; general economic conditions; and other risks detailed in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The Company has identified substantial doubt about its ability to continue as a going concern as disclosed in the accompanying Form 10-Q; see the 10-Q for further detail. The forward-looking statements in this press release are made as of the date hereof, and Giftify undertakes no obligation to update these statements or to explain the reasons why actual results may differ. Investor Contact: Giftify, Inc. | [email protected] GIFTIFY, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS GIFTIFY, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS GIFTIFY, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Non-GAAP Financial Measure - Modified EBITDA In addition to our GAAP results, we present Modified EBITDA as a supplemental performance measure. However, Modified EBITDA is not a recognized measurement under GAAP and should not be considered as an alternative to net income, income from operations or any other performance measure derived in accordance with GAAP, or as an alternative to cash flow from operating activities as a measure of liquidity. We define Modified EBITDA as net income (loss), plus interest expense, depreciation and amortization, stock-based compensation, and fair value of common stock issued for services. Management considers our core operating performance to be that which our managers can affect in any particular period through their management of the resources that affect our underlying revenue and profit-generating operations during that period. Non-GAAP adjustments to our results prepared in accordance with GAAP are itemized below. You are encouraged to evaluate these adjustments and the reasons we consider them appropriate for supplemental analysis. In evaluating Modified EBITDA, you should be aware that in the future we may incur expenses that are the same as or similar to some of the adjustments in this presentation. Our presentation of Modified EBITDA should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items. Set forth below is a reconciliation of net loss to Modified EBITDA for the three months ended March 31, 2026 and 2025 (unaudited): We present Modified EBITDA because we believe it helps investors and analysts compare our performance across reporting periods on a consistent basis by excluding items we do not believe are indicative of our core operating performance. In addition, we use Modified EBITDA to develop our internal budgets, forecasts, and strategic plan; to analyze the effectiveness of our business strategies and evaluate potential acquisitions; to make compensation decisions; and to communicate with our board of directors regarding our financial performance. Modified EBITDA has limitations as an analytical tool, which include, among others, the following: Modified EBITDA does not reflect our cash expenditures or future requirements for capital expenditures or contractual commitments; Modified EBITDA does not reflect changes in, or cash requirements for, our working capital needs; Modified EBITDA does not reflect future interest expense, or the cash requirements necessary to service interest or principal payments, on our debts; and Although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often have to be replaced in the future, and Modified EBITDA does not reflect any cash requirements for such replacements.

Gross Billings Increase 28.8% Year-Over-Year to $39.1 Million Gross Margin Expands 710 Basis Points to 20.0% Net Loss Improves 40% to $2.4 Million SCHAUMBURG, IL, Nov. 10, 2025 (GLOBE NEWSWIRE) -- Giftify, Inc. (Nasdaq: GIFT) ("Giftify" or the "Company"), a leading digital marketplace for gift cards and restaurant deals, today announced financial results for the third quarter ended September 30, 2025. Third Quarter 2025 Financial Highlights: Gross billings increased 28.8% to $39.1 million, compared to $30.3 million in Q3 2024 Gross profit increased 25.3% to $3.7 million, compared to $3.0 million in Q3 2024 Gross margin expanded to 20.0%, compared to 12.9% in Q3 2024 Net loss improved 40% to $2.4 million, or $(0.08) per share, compared to $4.1 million, or $(0.16) per share, in Q3 2024 Modified EBITDA improved 60% to $(0.3) million, compared to $(0.7) million in Q3 2024 2025 Year-to-Date Financial Highlights: Gross billings increased 23.8% to $111.2 million, compared to $89.8 million in Q3 2024 Gross profit increased 17.6% to $11.1 million, compared to $9.5 million in Q3 2024 Gross margin expanded to 18.1%, compared to 14.7% in Q3 2024 Net loss improved 45% to $8.2 million, or $(0.28) per share, compared to $15.0 million, or $(0.59) per share, in Q3 2024 Modified EBITDA improved 38% to $(1.0) million, compared to $(1.7) million in Q3 2024 Revenue Mix Shift Reflects Strategic Business Model Evolution While reported net sales for Q3 2025 were $18.8 million compared to $23.2 million in Q3 2024, this decline primarily reflects an evolving transaction mix rather than reduced business activity. The Company's gross billings—which represent the total dollar value of customer transactions—increased substantially by 28.8% year-over-year, demonstrating robust underlying business momentum. The variance between gross billings growth and reported revenue is attributable to an increased proportion of transactions where Giftify acts as an agent rather than a principal. In agent transactions, the Company facilitates the connection between suppliers and customers but does not take inventory risk. Consequently, revenue from these transactions is recognized on a net basis (representing only Giftify's commission), rather than on a gross basis. Operational Progress and Strategic Initiatives During the third quarter, Giftify continued to advance several strategic initiatives: Completed the integration of Takeout7, acquired in May 2025, which expands the Company's technology offerings to include comprehensive online ordering solutions and AI-powered digital marketing services for independent restaurants Reduced operating expenses by 8% year-over-year while maintaining investment in growth initiatives Improved Modified EBITDA by 60% to $(0.3) million, reflecting enhanced operational efficiency Generated positive trends in inventory turnover and working capital management Looking ahead, Giftify sees several opportunities to drive growth and further improve profitability: Expanding B2B relationships with corporations and marketers who use gift cards and dining certificates for customer acquisition, loyalty programs, and employee rewards Leveraging the Takeout7 platform to deepen relationships with restaurant partners through integrated technology solutions Optimizing transaction mix to balance growth in gross billings with margin expansion Continuing to scale operations while managing expenses efficiently Management Commentary "Our third quarter results demonstrate meaningful progress in our strategic transformation," said Ketan Thakker, President and Chief Executive Officer of Giftify. "We're particularly pleased with the 28.8% growth in gross billings, which reflects the true scale of our marketplace activity and the strong demand we're experiencing across both our CardCash and Restaurant.com platforms. This growth, combined with our expanding gross margins and improving bottom-line performance, validates our operational strategy and positions us well for continued progress." "This shift in our business mix is actually a positive development for several reasons," continued Mr. Thakker. "Agent transactions typically carry lower inventory risk and require less working capital, while still generating attractive margins for Giftify. The 710 basis point improvement in our gross margin to 20.0% reflects the benefits of this evolving mix. Additionally, agent transactions represented approximately 7% of net sales in Q3 2025 compared to just 2% in the prior year period, and we see further opportunity to optimize our transaction mix going forward. Our focus remains on three key priorities: growing our customer base across both B2C and B2B channels, optimizing our transaction mix to improve profitability, and leveraging our recent acquisitions to deliver comprehensive solutions for our restaurant partners. The improvements we're seeing in our gross margin and bottom-line performance demonstrate that we're making real progress on these fronts." "We believe Giftify is well-positioned in the growing digital gift card and restaurant deals market," concluded Mr. Thakker. "The combination of our CardCash and Restaurant.com platforms, enhanced by our recent Takeout7 acquisition, gives us a unique ability to serve both consumers and merchants across the dining ecosystem. We remain focused on executing our strategy, improving our financial performance, and creating long-term value for our shareholders." Third Quarter 2025 Financial Results For the three months ended September 30, 2025, net sales decreased 19.1% to $18.8 million compared to $23.2 million in the prior year period. The decline in reported net sales was primarily due to an increased proportion of agent transactions, where revenue is recognized on a net basis. Notably, gross billings—which represent the total dollar value of customer transactions—increased substantially by 28.8% year-over-year, demonstrating strong underlying business momentum. Gross profit for the third quarter increased 25.3% to $3.7 million compared to $3.0 million in the prior year period. Gross margin improved to 20.0% from 12.9%, reflecting the Company's continued focus on optimizing pricing strategies, operational efficiencies, and the favorable impact of an increased proportion of agent transactions, which carry lower inventory risk while generating attractive margins. Operating expenses decreased to $6.2 million from $6.8 million in the prior year period, primarily due to a $0.8 million reduction in stock-based compensation expense and lower amortization costs, partially offset by operational costs to support business growth. The Company reported a net loss of $2.4 million, or $(0.08) per share, compared to a net loss of $4.1 million, or $(0.16) per share, in the prior year period. The improvement was driven by increased gross profit, reduced stock-based compensation expense, and lower interest expense. Modified EBITDA loss improved 60% to $(0.3) million compared to $(0.7) million in the prior year period, reflecting the Company's progress toward operational efficiency. About Giftify, Inc. Giftify, Inc. (Nasdaq: GIFT) operates through two principal divisions: CardCash and Restaurant.com. CardCash is a leading gift card exchange platform, facilitating the purchase and sale of gift cards at discounted rates for both consumers and businesses from over 1,100 retailers. Restaurant.com is a pioneer in the restaurant deal space and one of the nation's largest restaurant-focused digital deals brands, connecting digital consumers, businesses, and communities with dining and merchant deal options at over 182,500 restaurants and retailers nationwide. Founded in 1999, Restaurant.com serves over 7.8 million customers. For more information, visit www.giftify.com. Non-GAAP Financial Measures and Operating Metrics Gross Billings Gross billings are the total dollar value of customer purchases of goods and services. Gross billings are presented net of customer refunds and order discounts. A significant portion of our revenue transactions are comprised of sales of discounted merchant gift cards in which we collect the transaction price from the customer and remit a portion of the transaction price to the third-party suppliers who will provide the related goods or services. For these transactions, gross billings differ from Net Sales reported in our Condensed Consolidated Statements of Operations, which is presented net of the merchant's share of the transaction price. Gross billings are an indicator of our growth and business performance as it measures the dollar volume of transactions generated through our marketplaces. Tracking gross billings also allows us to monitor the percentage of gross billings that we are able to retain after payments to merchants. Modified EBITDA In addition to our GAAP results, we present Modified EBITDA as a supplemental measure of our performance. However, Modified EBITDA is not a recognized measurement under GAAP and should not be considered as an alternative to net income, income from operations or any other performance measure derived in accordance with GAAP, or as an alternative to cash flow from operating activities as a measure of liquidity. We define Modified EBITDA as net income (loss), plus interest expense, depreciation and amortization, stock-based compensation, and fair value of common stock issued for services. Management considers our core operating performance to be that which our managers can affect in any particular period through their management of the resources that affect our underlying revenue and profit generating operations during that period. Non-GAAP adjustments to our results prepared in accordance with GAAP are itemized below. You are encouraged to evaluate these adjustments and the reasons we consider them appropriate for supplemental analysis. In evaluating Modified EBITDA, you should be aware that in the future we may incur expenses that are the same as or similar to some of the adjustments in this presentation. Our presentation of Modified EBITDA should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding Giftify's future financial and operational performance, business strategy, growth opportunities, transaction mix optimization, integration of acquisitions, and market position. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to: changes in consumer spending patterns; competition in the gift card and restaurant deals markets; our ability to maintain and expand relationships with merchants and corporate clients; successful integration of acquired businesses; our ability to achieve and maintain profitability; our liquidity and ability to raise additional capital; general economic conditions; and other risks detailed in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The forward-looking statements in this press release are made as of the date hereof, and Giftify undertakes no obligation to update these statements or to explain the reasons why actual results may differ. Investor Contact: Giftify, Inc. [email protected] GIFTIFY, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS GIFTIFY, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS For the Three and Nine Months Ended September 30, 2025 and 2024 (Unaudited) GIFTIFY, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Giftify, Inc. Non-GAAP Financial Measures and Operating Metrics (Unaudited) Gross Billings A reconciliation of our net sales (as reported) to our gross billings for the three and nine months ended September 30, 2025 and 2024 were as follows: Gross billings are the total dollar value of customer purchases of goods and services. Gross billings are presented net of customer refunds and order discounts. A significant portion of our revenue transactions are comprised of sales of discounted merchant gift cards in which we collect the transaction price from the customer and remit a portion of the transaction price to the third-party suppliers who will provide the related goods or services. For these transactions, gross billings differ from Net Sales reported in our Condensed Consolidated Statements of Operations, which is presented net of the merchant's share of the transaction price. Gross billings are an indicator of our growth and business performance as it measures the dollar volume of transactions generated through our marketplaces. Tracking gross billings also allows us to monitor the percentage of gross billings that we are able to retain after payments to merchants. Modified EBITDA Set forth below is a reconciliation of net loss to Modified EBITDA for the three months ended September 30, 2025 and 2024 (unaudited): Set forth below is a reconciliation of net loss to Modified EBITDA for the nine months ended September 30, 2025 and 2024 (unaudited): We present Modified EBITDA because we believe it assists investors and analysts in comparing our performance across reporting periods on a consistent basis by excluding items that we do not believe are indicative of our core operating performance. In addition, we use Modified EBITDA in developing our internal budgets, forecasts and strategic plan; in analyzing the effectiveness of our business strategies in evaluating potential acquisitions; making compensation decisions; and in communications with our board of directors concerning our financial performance. Modified EBITDA has limitations as an analytical tool, which includes, among others, the following:

Company achieves gross profit increase of 18.3% to $3.9 million Strategic initiatives including TakeOut7 acquisition and AI implementation driving operational improvements SCHAUMBURG, IL, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Giftify, Inc. (NASDAQ: GIFT) (the "Company"), the owner and operator of CardCash.com, Restaurant.com, and Takeout7.com, and a leader in the incentives and rewards industry, today announced financial and operational results for the second quarter ended June 30, 2025. Key Highlights for the Three Months Ended June 30, 2025, Compared to Prior Year Period Net sales increased 4.4% to $20.9 million Gross billings increased 23.2% to $36.1 million Gross profit increased 18.3% to $3.9 million Gross margin improved to 18.4% from 16.3% Modified EBITDA loss improved to $0.15 million from $0.36 million Net loss of $2.6 million (Of note, net loss for the three months ended June 30, 2025 included $2.4 million in non-cash expenses, including $1.6 million in stock options and other non-cash compensation, $0.6 million in amortization of intangible assets, and $0.16 million in amortization of capitalized software costs) Strong balance sheet with total assets of $31.5 million and stockholders' equity of $21.6 million Strategic Growth Initiatives The Company's strategic execution against previously outlined growth priorities continued to generate positive momentum across multiple fronts during the second quarter: Completed strategic acquisition of TakeOut7 in June 2025, expanding technology offerings to include end-to-end solutions for independent restaurants Launched Buy Now, Pay Later (BNPL) flexible payment option through partnership with Zip Co., enhancing CardCash.com customer accessibility and payment flexibility Expanded strategic offerings through CardCash.com in high-revenue, high-growth verticals including travel, sports merchandise, and pharmacy savings Continued deployment of enterprise-wide AI solutions driving measurable operational efficiencies Enhanced synergies between CardCash.com and Restaurant.com platforms Continued expansion of the At-the-Market offering program to strengthen the Company's cash position and provide financial flexibility Subsequent Events Launch of Restaurant Management Center (RMC) in July 2025, creating new subscription revenue opportunities for Restaurant.com's 184,000+ restaurant partners Introduction of uChoose corporate rewards platform in July 2025, targeting the $46 billion corporate rewards market Management Commentary Ketan Thakker, Chief Executive Officer of Giftify, Inc., commented, "Our second quarter performance reflects the strength of our strategic vision and operational discipline. We delivered revenue of $20.9 million while achieving an impressive 18.3% increase in gross profit and expanding our gross margin to 18.4%. This margin improvement underscores our team's focus on driving profitability and creating sustainable value in today's dynamic market environment." Thakker continued, "The quarter was marked by significant strategic milestones that position us for accelerated growth. The TakeOut7 acquisition in June strengthens our restaurant technology ecosystem, while our new Buy Now, Pay Later partnership with Zip Co. enhances customer access to CardCash.com's savings opportunities. Combined with our ongoing AI initiatives and vertical market expansion in travel, sports, and healthcare, we're building a comprehensive platform that serves multiple high-growth markets. Looking ahead, our recent launches of the Restaurant Management Center and uChoose corporate platform create exciting new revenue streams that complement our core marketplace business." Second Quarter 2025 Financial Results For the three months ended June 30, 2025, net sales increased 4.4% to $20.9 million compared to $20.0 million in the prior year period. The growth was driven by continued strength in both business-to-consumer and business-to-business channels across the CardCash.com and Restaurant.com platforms. Gross profit for the second quarter increased 18.3% to $3.9 million compared to $3.3 million in the prior year period. Gross margin improved to 18.4% from 16.3%, reflecting the Company's continued focus on optimizing pricing strategies and operational efficiencies. Operating expenses decreased to $6.4 million from $10.7 million in the prior year period, primarily due to a $4.6 million reduction in stock-based compensation expense, partially offset by increased operational costs to support business growth. The Company reported a net loss of $2.6 million, or $0.09 per share, compared to a net loss of $7.7 million, or $0.30 per share, in the prior year period. The improvement was driven by increased gross profit, reduced stock-based compensation expense, and lower interest expense. Modified EBITDA loss improved to $0.15 million compared to $0.36 million in the prior year period, reflecting the Company's progress toward operational efficiency. Six Months 2025 Financial Results For the six months ended June 30, 2025, net sales increased 3.9% to $43.2 million compared to $41.5 million in the prior year period. Gross profit for the six months increased 14.1% to $7.4 million compared to $6.5 million in the prior year period. Gross margin improved to 17.2% from 15.7% The Company reported a net loss of $5.8 million, or $0.20 per share, compared to a net loss of $10.9 million, or $0.43 per share, in the prior year period. Modified EBITDA loss improved to $0.8 million compared to $1.0 million in the prior year period. About Giftify, Inc. Giftify, Inc. is a pioneer in the incentive and rewards industry with a focus on retail, dining & entertainment experiences, as the owner and operator of leading digital platforms, CardCash.com, Restaurant.com, and Takeout7.com. CardCash.com is a leading secondary gift card exchange platform, allowing consumers and retailers to realize value by buying and selling gift cards at various scales. Restaurant.com is the nation's largest restaurant-focused digital deals brand, connecting digital consumers, businesses and communities by offering thousands of dining, retail and entertainment deal options nationwide at over 184,000 restaurants and retailers. Restaurant.com prides itself on offering the best deal, every meal. Our gift cards and restaurant certificates allow customers to save at thousands of restaurants across the country with just a few clicks. Takeout7 is a restaurant technology company offering comprehensive online ordering solutions through its TakeOut7 platform and AI-powered digital marketing services through its Platr platform. For more information, visit: www.giftifyinc.com, www.cardcash.com, www.restaurant.com, and www.takeout7.com. Non-GAAP Financial Measures and Operating Metrics Modified EBITDA In addition to our GAAP results, we present Modified EBITDA as a supplemental measure of our performance. However, Modified EBITDA is not a recognized measurement under GAAP and should not be considered as an alternative to net income, income from operations or any other performance measure derived in accordance with GAAP, or as an alternative to cash flow from operating activities as a measure of liquidity. We define Modified EBITDA as net income (loss), plus interest expense, depreciation and amortization, stock-based compensation, and fair value of common stock issued for services. Management considers our core operating performance to be that which our managers can affect in any particular period through their management of the resources that affect our underlying revenue and profit generating operations during that period. Non-GAAP adjustments to our results prepared in accordance with GAAP are itemized below. You are encouraged to evaluate these adjustments and the reasons we consider them appropriate for supplemental analysis. In evaluating Modified EBITDA, you should be aware that in the future we may incur expenses that are the same as or similar to some of the adjustments in this presentation. Our presentation of Modified EBITDA should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items. Gross Billings Gross billings are the total dollar value of customer purchases of goods and services. Gross billings are presented net of customer refunds and order discounts. A significant portion of our revenue transactions are comprised of sales of discounted merchant gift cards in which we collect the transaction price from the customer and remit a portion of the transaction price to the third-party suppliers who will provide the related goods or services. For these transactions, gross billings differ from Net Sales reported in our Condensed Consolidated Statements of Operations, which is presented net of the merchant's share of the transaction price. Gross billings are an indicator of our growth and business performance as it measures the dollar volume of transactions generated through our marketplaces. Tracking gross billings also allows us to monitor the percentage of gross billings that we are able to retain after payments to merchants. Forward-Looking Statements Press Releases may include forward-looking statements. In particular, the words "believe," "may," "could," "should," "expect," "anticipate," "estimate," "project," "propose," "plan," "intend," and similar conditional words and expressions are intended to identify forward-looking statements. Any statements made in this news release about an action, event or development, are forward-looking statements. Such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company. Accordingly, you should not place undue reliance on these forward-looking statements. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that its forward-looking statements will prove to be correct. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The company takes no obligation to update or correct its own forward-looking statements, except as required by law or those prepared by third parties that are not paid by the company. Statements in this press release that are not historical fact may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although Giftify, Inc. believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, Giftify, Inc. is unable to give any assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include the company's ability identify a suitable business model for the corporation. Investors Contacts: [email protected] GIFTIFY, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS GIFTIFY, INC. AND SUBSDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS For the Three and Six Months Ended June 30, 2025 and 2024 (Unaudited) GIFTIFY, INC. AND SUBSDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Giftify, Inc. Supplemental Operating Metrics (Unaudited) Our gross billings for the three and six months ended June 30, 2025 and 2024 were as follows: Gross billings are the total dollar value of customer purchases of goods and services. Gross billings are presented net of customer refunds and order discounts. A significant portion of our revenue transactions are comprised of sales of discounted merchant gift cards in which we collect the transaction price from the customer and remit a portion of the transaction price to the third-party suppliers who will provide the related goods or services. For these transactions, gross billings differ from Net Sales reported in our Condensed Consolidated Statements of Operations, which is presented net of the merchant's share of the transaction price. Gross billings are an indicator of our growth and business performance as it measures the dollar volume of transactions generated through our marketplaces. Tracking gross billings also allows us to monitor the percentage of gross billings that we are able to retain after payments to merchants. Giftify, Inc. Non-GAAP Reconciliation Schedules (Unaudited) Set forth below is a reconciliation of net loss to Modified EBITDA for the three months ended June 30, 2025 and 2024 (unaudited): Set forth below is a reconciliation of net loss to Modified EBITDA for the six months ended June 30, 2025 and 2024 (unaudited): We present Modified EBITDA because we believe it assists investors and analysts in comparing our performance across reporting periods on a consistent basis by excluding items that we do not believe are indicative of our core operating performance. In addition, we use Modified EBITDA in developing our internal budgets, forecasts and strategic plan; in analyzing the effectiveness of our business strategies in evaluating potential acquisitions; making compensation decisions; and in communications with our board of directors concerning our financial performance. Modified EBITDA has limitations as an analytical tool, which includes, among others, the following:

Company achieves gross profit increase of 10% to $3.6 million Strategic initiatives in AI implementation and new market expansion generating positive momentum SCHAUMBURG, IL, May 13, 2025 (GLOBE NEWSWIRE) -- Giftify, Inc. (NASDAQ: GIFT) (the "Company"), the owner and operator of CardCash.com and Restaurant.com, and a leader in the incentives and rewards industry, today announced financial and operational results for the first quarter ended March 31, 2025. Key Highlights for the Three Months Ended March 31, 2025, Compared to Prior Year Period Revenue increased 3.5% to $22.3 million Gross profit increased 10.0% to $3.6 million Gross margin increased to 16.1% from 15.1% Modified EBITDA loss improved to $0.63 million from $0.66 million Net loss of $3.2 million (Of note, net loss for the three months ended March 31, 2025 included $2.6 million in non-cash expenses, including $1.8 million in stock option and other non-cash compensation, $0.54 million in amortization of intangible assets, $0.16 million in amortization of capitalized software costs, and $0.03 million from fair value of stock issued on vendor settlement.) Strong balance sheet with total assets of $33.9 million and stockholders' equity of $21.3 million Growth Initiatives The Company's strategic execution against previously outlined growth priorities is generating positive momentum across multiple fronts: Successful deployment of enterprise-wide AI solutions driving measurable operational efficiencies and cost reductions Expansion into high-margin vertical markets including pharmacy savings, sports merchandise and travel Enhanced synergies between CardCash.com and Restaurant.com platforms Introduction of innovative savings solutions for consumers facing rising costs in everyday expenses Subsequent Events Subsequent to March 31, 2025, the Company repaid in full its GameIQ acquisition note payable Amended the Company’s secured line of credit releasing $0.25 million of restricted cash Continued expansion of the At-the-Market offering to strengthen the Company's cash position Management Commentary Ketan Thakker, Chief Executive Officer of Giftify, Inc., commented, "Our first quarter results demonstrate solid execution against our growth strategy, with revenue increasing and gross profit climbing. Most importantly, we've improved our gross margin to 16.1%, showing our ability to enhance profitability even in a challenging economic environment. Our focus on operational efficiency and strategic expansion into high-growth vertical markets is beginning to yield results." Thakker continued, "During the quarter, we continued our strategic AI implementation, which is creating measurable benefits across our organization from marketing to customer service. We're also seeing strong traction in our targeted vertical market expansions in pharmacy savings, sports merchandise and travel, which provides consumers with practical solutions to combat inflation in everyday expenses. As we move through 2025, we remain focused on scaling our platforms, enhancing user engagement, and building sustainable value for our shareholders." About Giftify, Inc. Giftify, Inc. is a pioneer in the incentive and rewards industry with a focus on retail, dining & entertainment experiences, as the owner and operator of leading digital platforms, CardCash.com and Restaurant.com. CardCash.com is a leading secondary gift card exchange platform, allowing consumers and retailers to realize value by buying and selling gift cards at various scales. Its Restaurant.com is the nation’s largest restaurant-focused digital deals brand. Restaurant.com and our Corporate Incentives division connect digital consumers, businesses and communities offering thousands of dining, retail and entertainment deals options nationwide at over 184,000 restaurants and retailers. Restaurant.com prides itself on offering the best deal, every meal. Our gift cards and restaurant certificates allow customers to save at thousands of restaurants across the country with just a few clicks. For more information, visit: www.giftifyinc.com and www.cardcash.com and https://www.restaurant.com. Modified EBITDA In addition to our GAAP results, we present Modified EBITDA as a supplemental measure of our performance. However, Modified EBITDA is not a recognized measurement under GAAP and should not be considered as an alternative to net income, income from operations or any other performance measure derived in accordance with GAAP, or as an alternative to cash flow from operating activities as a measure of liquidity. We define Modified EBITDA as net income (loss), plus interest expense, depreciation and amortization, stock-based compensation, and fair value of common stock issued for services. Management considers our core operating performance to be that which our managers can affect in any particular period through their management of the resources that affect our underlying revenue and profit generating operations during that period. Non-GAAP adjustments to our results prepared in accordance with GAAP are itemized below. You are encouraged to evaluate these adjustments and the reasons we consider them appropriate for supplemental analysis. In evaluating Modified EBITDA, you should be aware that in the future we may incur expenses that are the same as or similar to some of the adjustments in this presentation. Our presentation of Modified EBITDA should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items. Forward-Looking Statements Press Releases may include forward-looking statements. In particular, the words “believe,” “may,” “could,” “should,” “expect,” “anticipate,” “estimate,” “project," "propose," "plan," "intend," and similar conditional words and expressions are intended to identify forward-looking statements. Any statements made in this news release about an action, event or development, are forward-looking statements. Such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company. Accordingly, you should not place undue reliance on these forward-looking statements. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that its forward-looking statements will prove to be correct. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The company takes no obligation to update or correct its own forward-looking statements, except as required by law or those prepared by third parties that are not paid by the company. Statements in this press release that are not historical fact may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although Giftify, Inc. believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, Giftify, Inc. is unable to give any assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include the company’s ability identify a suitable business model for the corporation. Investors Contacts: [email protected] GIFTIFY, INC. AND SUBSIDIARIES (FKA RDE, INC.)CONDENSED CONSOLIDATED BALANCE SHEETS GIFTIFY, INC. AND SUBSDIARIES (FKA RDE, INC.)CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS GIFTIFY, INC. AND SUBSDIARIES (FKA RDE, INC.)CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

SCHAUMBURG, IL, March 31, 2025 (GLOBE NEWSWIRE) -- Giftify, Inc. (NASDAQ: GIFT) (the "Company"), the owner and operator of CardCash.com and Restaurant.com, and a leader in the incentives and rewards industry, today announced financial and operational results for the fourth quarter and year ended December 31, 2024. Q4 2024 Financial Highlights: Q4 2024 net sales increased to $24.18 million, a 4.18% increase, as compared to Q3 2024 net sales of $23.21 million. Q4 2024 gross profit improved $645,785, or 21.59%, to $3.64 million, as compared to Q4 2023 gross profit of $2.99 million. Q4 2024 gross margin improved to 15.04%, as compared to Q3 2024 gross margin of 12.88%. Deployed Enterprise Artificial Intelligence (AI) solutions driving operational excellence and innovation. Full Year 2024 Financial Highlights: Full year 2024 net sales increased to $88.93 million, a 2.05% increase, as compared to full year 2023 net sales of $87.15 million. Full year 2024 gross profit improved $2.64 million, or 25.10%, to $13.14 million, as compared to full year 2023 gross profit of $10.51 million. Full year 2024 gross margin improved to 14.78%, as compared to full year 2023 gross margin of 12.06%. Full year 2024 modified EBITDA was a negative $2.84 million, as compared to full year 2023 modified EBITDA of a negative $729,187. Cash and cash equivalents balance of $3.57 million at December 31, 2024. Successful Nasdaq Listing and Integration of CardCash.com Acquisition Demonstrate Strategic Progress Focus on Quality Gift Card Brands and Optimized Pricing Drives Operational Improvements Strategic Developments: Acquisition of CardCash.com: Completed on December 29, 2023, significantly enhancing Giftify’s market profile and brand focus. Gift Card Sales: Facilitated the purchase and sale of gift cards from over 1,100 retailers including Target, Home Depot, Starbucks, and TJ Maxx as well as discounted certificates for 10,000 restaurants and discount dining passes for 170,000 restaurants and retailers nationwide Nasdaq Listing: Successfully listed on the Nasdaq Capital Market on August 6, 2024 Corporate Rebranding: Changed company name from RDE, Inc. to Giftify, Inc. with ticker symbol GIFT, effective October 28, 2024 Expanded Leadership Team: Appointed Steve Handy as Chief Financial Officer in August 2024 Management Commentary: Ketan Thakker, President and CEO of Giftify, Inc., stated, "2024 was a transformative year for our company as we fully integrated CardCash.com, which we acquired at the end of 2023, successfully listed on Nasdaq, and rebranded to Giftify to better reflect our expanded business model. We're pleased with the operational improvements we've achieved, particularly the significant increase in gross profit year-over-year. This highlights the success of our strategy to focus on improving profitability by assessing the quality of purchased gift card brands and optimizing our pricing structure." "As we look ahead to 2025, our focus remains on growing both our CardCash.com and Restaurant.com platforms, brand awareness, expanding our retail partnerships, and improving our financial position. We believe our dual business model positions us well for growth in the expanding U.S. gift card market, which is projected to reach $400 billion by 2026." About Giftify, Inc. Giftify, Inc. is a pioneer in the incentive and rewards industry with a focus on retail, dining & entertainment experiences, as the owner and operator of leading digital platforms, CardCash.com and Restaurant.com. CardCash.com is a leading secondary gift card exchange platform, allowing consumers and retailers to realize value by buying and selling gift cards at various scales. Its Restaurant.com is the nation’s largest restaurant-focused digital deals brand. Restaurant.com and our Corporate Incentives division connect digital consumers, businesses and communities offering thousands of dining, retail and entertainment deals options nationwide at over 184,000 restaurants and retailers. Restaurant.com prides itself on offering the best deal, every meal. Our gift cards and restaurant certificates allow customers to save at thousands of restaurants across the country with just a few clicks. For more information, visit: www.giftifyinc.com and www.cardcash.com and https://www.restaurant.com. Modified EBITDA In addition to our GAAP results, we present Modified EBITDA as a supplemental measure of our performance. However, Modified EBITDA is not a recognized measurement under GAAP and should not be considered as an alternative to net income, income from operations or any other performance measure derived in accordance with GAAP, or as an alternative to cash flow from operating activities as a measure of liquidity. We define Modified EBITDA as net income (loss), plus interest expense, depreciation and amortization, stock-based compensation, and fair value of common stock issued for services. Management considers our core operating performance to be that which our managers can affect in any particular period through their management of the resources that affect our underlying revenue and profit generating operations during that period. Non-GAAP adjustments to our results prepared in accordance with GAAP are itemized below. You are encouraged to evaluate these adjustments and the reasons we consider them appropriate for supplemental analysis. In evaluating Modified EBITDA, you should be aware that in the future we may incur expenses that are the same as or similar to some of the adjustments in this presentation. Our presentation of Modified EBITDA should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items. Forward-Looking Statements Press Releases may include forward-looking statements. In particular, the words “believe,” “may,” “could,” “should,” “expect,” “anticipate,” “estimate,” “project," "propose," "plan," "intend," and similar conditional words and expressions are intended to identify forward-looking statements. Any statements made in this news release about an action, event or development, are forward-looking statements. Such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company. Accordingly, you should not place undue reliance on these forward-looking statements. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that its forward-looking statements will prove to be correct. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The company takes no obligation to update or correct its own forward-looking statements, except as required by law or those prepared by third parties that are not paid by the company. Statements in this press release that are not historical fact may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although Giftify, Inc. believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, Giftify, Inc. is unable to give any assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include the company’s ability identify a suitable business model for the corporation. Investors Contacts: [email protected] GIFTIFY, INC. AND SUBSIDIARIES (FKA RDE, INC.)CONSOLIDATED BALANCE SHEETS GIFTIFY, INC. AND SUBSDIARIES (FKA RDE, INC.)CONSOLIDATED STATEMENTS OF OPERATIONS GIFTIFY, INC. AND SUBSDIARIES (FKA RDE, INC.)CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Modified EBITDA In addition to our GAAP results, we present Modified EBITDA as a supplemental measure of our performance. However, Modified EBITDA is not a recognized measurement under GAAP and should not be considered as an alternative to net income, income from operations or any other performance measure derived in accordance with GAAP, or as an alternative to cash flow from operating activities as a measure of liquidity. We define Modified EBITDA as net income (loss), plus interest expense, depreciation and amortization, stock-based compensation, and fair value of common stock issued for services. Management considers our core operating performance to be that which our managers can affect in any particular period through their management of the resources that affect our underlying revenue and profit generating operations during that period. Non-GAAP adjustments to our results prepared in accordance with GAAP are itemized below. You are encouraged to evaluate these adjustments and the reasons we consider them appropriate for supplemental analysis. In evaluating Modified EBITDA, you should be aware that in the future we may incur expenses that are the same as or similar to some of the adjustments in this presentation. Our presentation of Modified EBITDA should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items. Set forth below is a reconciliation of net loss to Modified EBITDA for the year ended December 31, 2024 and 2023 (unaudited): We present Modified EBITDA because we believe it assists investors and analysts in comparing our performance across reporting periods on a consistent basis by excluding items that we do not believe are indicative of our core operating performance. In addition, we use Modified EBITDA in developing our internal budgets, forecasts and strategic plan; in analyzing the effectiveness of our business strategies in evaluating potential acquisitions; making compensation decisions; and in communications with our board of directors concerning our financial performance. Modified EBITDA has limitations as an analytical tool, which includes, among others, the following: