Society Pass Q1 revenue up 358% YoY; gross margin expands to 33.5%

SOCIETY PASS INCORPORATED.

2023-Q1 EPS reported -$0.20 revenue$2,042,580

Revenue of $2.04M vs $445K in Q1 2022; gross profit of $686K vs loss of $15K.
Gross margin improved to 33.5% from -3.3% YoY and from 25.5% in Q4 2022.
Cash operating expenses grew only 20% YoY ($3.39M vs $2.82M) while revenue surged 358%.
Cash on hand $13.7M; book value $15.6M as of March 31, 2023.
Management projects cash profitability sometime in 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

SOCIETY PASS INCORPORATED. reported financial results for first quarter ended March 31, 2023.

Period: first quarter ended March 31, 2023
Result: reported results

Exact text from the filing

Exchange Commission (SEC). Click Here (on SEC website) to view 1Q 2023 Form 10-Q filing. Summary Points: • 1Q 2023 revenues grew 358% year on year (from $445,090 in 1Q 2022 to $2,042,580 in 1Q 2023). • 1Q 2023 digital advertising revenues totaled $1,283,774, up from $0 in 1Q 2022. • 1Q 2023 travel platform revenues totaled $486,707, up from $0 in 1Q 2022. • 1Q

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

SOCIETY PASS INCORPORATED. reported financial results for first quarter ended March 31, 2023.

Period: first quarter ended March 31, 2023
Result: reported results

Exact text from the filing

1Q 2023 revenues grew 358% year on year (from $445,090 in 1Q 2022 to $2,042,580 in 1Q 2023).

View on SEC.gov

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

SOCIETY PASS INCORPORATED. filing history →

Source: SEC EDGAR

accession 0001607062-23-000283

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