NYSE$PSQH
Psq Holdings Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported second quarter 2024 financial results with increased net revenue by over 11x YoY and exceeding full year 2023 net revenue.
PublicSquare reported strong second-quarter results, with revenue growth outpacing expense growth. The company is focused on developing its payments business and expects to launch its payments platform soon. A $10 million convertible note investment will support this initiative.
- Net revenue increased by over 11x year-over-year in the second quarter of 2024.
- Second quarter 2024 net revenue exceeded full year 2023 net revenue.
- The company is launching its payments platform with over $200 million of annualized GMV under contract.
- A $10 million convertible note will fund the payments business.
Headline financials
Revenue & EPS history
PSQ · Revenue · Quarterly
$5.99M
Forward guidance
PublicSquare expects to launch its payments platform and consolidate its branding under the PublicSquare name. The company anticipates cost savings from these changes and will expand its product offerings.
Tailwinds
- Formal launch of payments platform with over $200 million of annualized GMV under contract.
- Line of sight to $1.0 billion of annualized GMV by the beginning of the 2024 Christmas shopping season.
- Consolidation of branding, marketing, and product features under the name PublicSquare.
- Expansion of product offerings into new verticals, including EveryLife soaps & lotions and training pants.
- International expansion of the EveryLife brand to South Korea.
Headwinds
- Sunset the brand name “Credova”.
- Eden feminine care brand launch delayed to the first quarter of 2025.
- Brands will occupy a smaller percentage of its revenue base in the future.
- Risk of economic downturn.
- Increased competition.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 14 quarterly earnings reports · overlaid with Q2 2024
-1.7%
Avg return
Earnings day
-3.6%
Avg return
5 days after
-3.5%
Avg return
30 days after
53%
8 / 15 earnings
Positive
+12.3%
Q4 2024
Best reaction
-12.7%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -10.5% | -13.3% | -32.4% | |
| Q4 2025 | +0.5% | -17.2% | -5.6% | |
| Q3 2025 | -9.9% | -7.2% | -24.7% | |
| Q1 2025 | +8.4% | +2.6% | +28.9% | |
| Q4 2024 | +12.3% | +16.1% | -23.3% | |
| Q3 2024 | -12.4% | -20.3% | +41.9% | |
| Q2 2024 | +2.2% | +5.6% | +3.0% | |
| Q1 2024 | -1.3% | -5.8% | -15.9% | |
| Q4 2023 | -3.9% | +1.0% | -6.4% | |
| Q3 2023 | -12.7% | -14.6% | -21.8% | |
| Q2 2023 | +1.5% | -1.1% | +2.0% | |
| Q1 2023 | -0.3% | -0.4% | +0.6% | |
| Q4 2022 | +0.1% | -0.0% | +0.4% | |
| Q3 2022 | +0.1% | +0.4% | +0.2% | |
| Q2 2021 | +0.1% | +0.0% | +0.0% |
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