RedCloud Holdings plc has reported its financial results for the full year 2024, showcasing significant growth across key business metrics. The company's total transaction value (TTV) increased by 111% to $2.5 billion, while revenue rose by 135% to $46.5 million. The average transaction-based revenue grew from 1.7% to 1.9%. The company highlights its momentum in the trading platform sector, with 184,731 products from 6,765 brands actively traded in bulk. RedCloud also reported a 175% year-over-year increase in trading customers, with 760 brands and distributors now using the platform to trade, store, and transport inventory in various bulk quantities. The platform facilitates digital trading among brands, distributors, and retailers, leveraging AI insights for smarter decision-making. Additionally, RedCloud's AI Labs are analyzing first-party trading data to uncover actionable recommendations, including price benchmarking, inventory prediction, and smart buying suggestions. This data-driven approach aims to enhance product trading in real-time across fast-moving consumer goods categories.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.