Giftify posted a Q2 net loss of USD 1.2 million, narrowing 52.1% year over year; loss per share improved to USD 0.04.
Gross billings climbed 26.2% to USD 45.5 million; net sales rose 4% to USD 21.7 million.
Gross margin widened 1.8 percentage points to 20.2%; management cited a higher mix of agent transactions on CardCash.
Non-GAAP modified EBITDA swung to a profit of USD 126,036 from a loss a year earlier; interest expense fell 18.6% to USD 116,725.
CardCash launched a Capital One Shopping distribution partnership on April 1; a Follett Higher Education deal targets about 700 campus bookstores by August.
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