PublicSquare saw net revenues go up in the first quarter of 2024.
PublicSquare, an e-commerce platform with a similar approach to Amazon but geared to businesses that proclaim conservative values, reported a jump in its revenues on Wednesday during the first quarter of 2024.In a statement, the company revealed that for the three months ending March 31, net revenue hit about $3.5 million compared to $378,000 at the same time last year.Read more: Amazon Prime Visa Card ReviewThe company, founded three years ago, also reported net losses of $12.
ViewsThe jump in revenue to begin the year points to the company's progress, company Chief Executive Officer Michael Seifert said.'The first quarter 2024 was yet another monumental quarter for PublicSquare with net revenue increasing 9.2x and cash flow operating expenses only rising 2.2x compared to first quarter 2023, showcasing the fact that our business is trending in an incredible fashion towards a profitable and sustainable path of growth,' he noted in a statement.
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