PublicSq. Preliminary 3Q23 Revenue Up Approximately 300% Sequentially From Q2 23 To An Estimated $2.2M; Ended Q3 23 With Over $25M Of Cash On Balance Sheet
Portfolio Pulse from Benzinga Newsdesk
PSQ Holdings, Inc. (NYSE:PSQH) reported preliminary 3Q23 revenue of approximately $2.2M, a 300% increase from Q2 23. The company's DTC brand EveryLife achieved over $3.5M of annualized subscription revenue in its first two months. PSQH ended 3Q23 with over $25M cash on balance sheet and expects its first profitable quarter in 2024. The company will report 3Q23 financial results on November 14, 2023.
October 13, 2023 | 12:09 pm
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POSITIVE IMPACT
PSQ Holdings reported strong 3Q23 preliminary results with significant revenue growth, largely driven by its EveryLife brand. The company also has a healthy cash position and expects profitability in 2024.
The reported 300% sequential revenue growth and strong performance of the EveryLife brand are positive indicators for PSQH. The company's healthy cash position and expectation of profitability in 2024 further strengthen its outlook.
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