PSQH Q1 net revenue up 817% to $3.5M; promotes Mike Hebert to COO

PSQ Holdings, Inc.

2024-Q1 EPS reported -$0.47 revenue$3,465,889

Q1 net revenue $3.5M, up 817% YoY; pro forma revenue $6.4M exceeded full-year 2023.
Acquired Credova (BNPL) in all-equity deal; incurred $2.3M in one-time transaction costs.
Announced PSQPayments, an uncancellable payment stack; hired former Klarna NA CEO to lead.
Mike Hebert promoted from CPO to COO effective May 1, 2024; base salary $350,000.
Ended Q1 pro forma cash $19.3M; 2024 exit run-rate revenue guided $47-53M.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

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Role change

Mike Hebert

Chief Operating Officer

PSQH · PSQ Holdings, Inc.

Effective: 2024-05-01
Filed: May 15, 2024, 7:59 PM ET

On May 1, 2024, the Company, appointed Mike Hebert, age 47, as its Chief Operating Officer, effective May 1, 2024.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PSQ Holdings, Inc. reported first quarter 2024 results: revenue $3.5 million. Guidance reaffirmed.

Period: first quarter 2024
Revenue: $3.5 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

former Klarna North America CEO Brian Billingsley to lead the expedited development and launch of PSQPayments ● Increased net revenue (net of returns & discounts) by 817% to $3.5 million compared to the first quarter 2023 ● On a pro forma basis, net revenue was $6.4 million, including Credova as of January 1, 2024, 12.2% greater than the full year

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Executive change SEC 8-K Item 5.02 confidence 0.95

Mike Hebert was appointed as Chief Operating Officer at PSQ Holdings, Inc..

Action: appointed
Role: Chief Operating Officer

Exact text from the filing

On May 1, 2024, the Company, appointed Mike Hebert, age 47, as its Chief Operating Officer, effective May 1, 2024.

View on SEC.gov

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PSQ Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-043150

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