PSQ Holdings Q3 revenue $6.5M (+222% YoY); pivots to fintech, cuts 35% workforce

PSQ Holdings, Inc.

2024-Q3 EPS reported -$1.21 revenue$15,991,229

Net revenue $6.5M (+222% YoY); gross margin 64% vs 27% prior year; cash $5.7M incl $1M restricted.
Signed payment contracts for >$1.0B annualized GMV; first merchant processing >$100M annually.
Raised $10M convertible note and $5.35M PIPE from board members for payments growth.
Cut ~35% of workforce, saving ~$11M annually; targets positive cash flow in H2 2025.
Strategic repositioning to fintech (payments+credit) with B2B focus; marketplace shifts to affiliate fee model.

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