Giftify Inc reports results for the quarter ended June 30 - Earnings Summary

• Giftify Inc GIFT.OQ reported a quarterly adjusted loss of 9 cents​​ per share for the quarter ended June 30. The lone analyst forecast for the quarter was for a loss of 11 cents per share.

• Revenue was $20.90 million​; analysts expected $22.95 million.

• Giftify Inc's reported EPS for the quarter was a loss of 9 cents​.

• The company reported a quarterly loss of $2.59 million.

• Giftify Inc shares had fallen by 30.0% this quarter and lost 3.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 22.2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• Wall Street's median 12-month price target for Giftify Inc is $4.00, about 73.8% above its last closing price of $1.05

This summary was machine generated from LSEG data August 13 at 12:55 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)