Society Pass Q4 revenue up 530% YoY; forecasts profitability in 2H 2023

SOCIETY PASS INCORPORATED.

Q4 2022 revenue $2.64M, up 530% YoY; full year revenue $5.64M, up 984% YoY.
Gross margin improved to 25.5% in Q4 2022 from -6.5% in Q4 2021; full year margin 17.2%.
Cash operating expenses grew only 128% YoY in Q4 vs 530% revenue growth; management forecasts profitability in 2H 2023 (a year earlier than prior guidance).
Cash on hand $18.9M; book value $20.3M as of Dec 31, 2022; completed 7 acquisitions in 2022.
SoPa ecosystem has ~3.3M registered consumers and ~205K merchants; operates in 5 SEA countries.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SOCIETY PASS INCORPORATED. reported financial results for the fourth fiscal quarter and fiscal year ended December 31, 2022.

Period: the fourth fiscal quarter and fiscal year ended December 31, 2022
Result: reported results

Exact text from the filing

On March 23, 2023, Society Pass Incorporated issued a press release announcing its financial results for the fourth fiscal quarter and fiscal year ended December 31, 2022.

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44 earnings releases filed in the last 30 days. Browse all earnings releases →

SOCIETY PASS INCORPORATED. filing history →

Source: SEC EDGAR

accession 0001607062-23-000160

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